Shares of Peloton Interactive, Inc. (NASDAQ:PTON - Get Free Report) gapped up prior to trading on Thursday . The stock had previously closed at $3.22, but opened at $3.61. Peloton Interactive shares last traded at $3.13, with a volume of 13,967,996 shares trading hands.
Analysts Set New Price Targets
PTON has been the topic of several analyst reports. JPMorgan Chase & Co. dropped their price target on shares of Peloton Interactive from $9.00 to $8.00 and set an "overweight" rating on the stock in a research note on Friday, February 2nd. Telsey Advisory Group reiterated a "market perform" rating and issued a $4.00 price target (down previously from $5.00) on shares of Peloton Interactive in a research note on Monday. Bank of America reduced their price target on Peloton Interactive from $4.00 to $3.25 and set an "underperform" rating for the company in a report on Monday. The Goldman Sachs Group cut their target price on Peloton Interactive from $6.50 to $5.75 and set a "neutral" rating on the stock in a research report on Friday, February 2nd. Finally, Truist Financial decreased their price target on shares of Peloton Interactive from $7.00 to $6.00 and set a "hold" rating for the company in a research report on Friday, February 2nd. Three analysts have rated the stock with a sell rating, twelve have given a hold rating and five have assigned a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Hold" and a consensus target price of $7.40.
Check Out Our Latest Report on PTON
Peloton Interactive Trading Down 2.8 %
The firm has a market capitalization of $1.15 billion, a PE ratio of -1.19 and a beta of 2.02. The firm's fifty day moving average price is $3.97 and its 200 day moving average price is $4.89.
Peloton Interactive (NASDAQ:PTON - Get Free Report) last issued its earnings results on Thursday, February 1st. The company reported ($0.54) earnings per share for the quarter, topping the consensus estimate of ($0.55) by $0.01. The firm had revenue of $743.60 million during the quarter, compared to analyst estimates of $733.17 million. The business's revenue for the quarter was down 6.2% on a year-over-year basis. During the same period in the previous year, the company earned ($0.98) earnings per share. As a group, research analysts expect that Peloton Interactive, Inc. will post -1.6 EPS for the current year.
Insider Activity at Peloton Interactive
In related news, CFO Elizabeth F. Coddington sold 8,977 shares of the firm's stock in a transaction that occurred on Thursday, March 14th. The shares were sold at an average price of $4.34, for a total transaction of $38,960.18. Following the transaction, the chief financial officer now owns 104,428 shares of the company's stock, valued at $453,217.52. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. 3.28% of the stock is currently owned by company insiders.
Hedge Funds Weigh In On Peloton Interactive
Several institutional investors have recently bought and sold shares of PTON. Commonwealth Equity Services LLC lifted its holdings in Peloton Interactive by 162.0% in the 3rd quarter. Commonwealth Equity Services LLC now owns 129,454 shares of the company's stock worth $654,000 after purchasing an additional 80,047 shares during the last quarter. Cambridge Investment Research Advisors Inc. lifted its stake in shares of Peloton Interactive by 149.3% in the third quarter. Cambridge Investment Research Advisors Inc. now owns 55,612 shares of the company's stock worth $281,000 after buying an additional 33,307 shares during the last quarter. Raymond James Financial Services Advisors Inc. grew its stake in Peloton Interactive by 73.1% in the 3rd quarter. Raymond James Financial Services Advisors Inc. now owns 30,062 shares of the company's stock valued at $152,000 after buying an additional 12,697 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in Peloton Interactive by 18.2% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 51,050 shares of the company's stock worth $258,000 after acquiring an additional 7,875 shares during the last quarter. Finally, Calamos Wealth Management LLC lifted its position in shares of Peloton Interactive by 1.2% during the 3rd quarter. Calamos Wealth Management LLC now owns 824,714 shares of the company's stock worth $4,165,000 after purchasing an additional 10,100 shares during the last quarter. 77.01% of the stock is currently owned by institutional investors.
About Peloton Interactive
(
Get Free Report)
Peloton Interactive, Inc operates interactive fitness platform in North America and internationally. The company offers connected fitness products with touchscreen that streams live and on-demand classes under the Peloton Bike, Peloton Bike+, Peloton Tread, Peloton Tread+, Peloton Guide, and Peloton Row names.
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