Peloton Interactive, Inc. (NASDAQ:PTON - Get Free Report)'s stock price was up 4.7% on Monday . The company traded as high as $3.81 and last traded at $3.79. Approximately 2,783,472 shares traded hands during trading, a decline of 81% from the average daily volume of 14,692,473 shares. The stock had previously closed at $3.62.
Wall Street Analysts Forecast Growth
A number of research firms recently issued reports on PTON. Telsey Advisory Group decreased their price target on shares of Peloton Interactive from $6.00 to $5.00 and set a "market perform" rating for the company in a research note on Friday, February 2nd. JPMorgan Chase & Co. dropped their price objective on Peloton Interactive from $9.00 to $8.00 and set an "overweight" rating on the stock in a research report on Friday, February 2nd. Morgan Stanley started coverage on shares of Peloton Interactive in a research note on Monday, March 11th. They set an "equal weight" rating and a $3.00 target price on the stock. Truist Financial reduced 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 note on Friday, February 2nd. Finally, The Goldman Sachs Group dropped their target price on shares of Peloton Interactive from $6.50 to $5.75 and set a "neutral" rating on the stock in a report on Friday, February 2nd. Three analysts have rated the stock with a sell rating, thirteen have issued a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Hold" and a consensus target price of $7.50.
Read Our Latest Research Report on Peloton Interactive
Peloton Interactive Stock Up 3.3 %
The firm has a market cap of $1.37 billion, a P/E ratio of -1.53 and a beta of 1.96. The company's 50 day simple moving average is $4.42 and its 200-day simple moving average is $5.10.
Peloton Interactive (NASDAQ:PTON - Get Free Report) last announced its quarterly earnings results on Thursday, February 1st. The company reported ($0.54) earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.55) by $0.01. The firm had revenue of $743.60 million during the quarter, compared to analysts' expectations of $733.17 million. During the same quarter in the previous year, the firm posted ($0.98) EPS. The firm's revenue for the quarter was down 6.2% on a year-over-year basis. Equities research analysts predict that Peloton Interactive, Inc. will post -1.6 EPS for the current year.
Insider Buying and Selling at Peloton Interactive
In other Peloton Interactive news, CFO Elizabeth F. Coddington sold 8,977 shares of the stock in a transaction on Thursday, March 14th. The stock was sold at an average price of $4.34, for a total transaction of $38,960.18. Following the sale, the chief financial officer now owns 104,428 shares of the company's stock, valued at approximately $453,217.52. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other Peloton Interactive news, CFO Elizabeth F. Coddington sold 8,977 shares of the stock in a transaction dated Thursday, March 14th. The shares were sold at an average price of $4.34, for a total transaction of $38,960.18. Following the completion of the sale, the chief financial officer now directly owns 104,428 shares of the company's stock, valued at $453,217.52. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Karen Boone sold 50,000 shares of the business's stock in a transaction that occurred on Thursday, February 1st. The stock was sold at an average price of $4.33, for a total transaction of $216,500.00. Following the transaction, the director now owns 34,966 shares of the company's stock, valued at approximately $151,402.78. The disclosure for this sale can be found here. Insiders own 3.28% of the company's stock.
Institutional Investors Weigh In On Peloton Interactive
Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Covestor Ltd raised its position in shares of Peloton Interactive by 1,054.2% in the 1st quarter. Covestor Ltd now owns 1,385 shares of the company's stock valued at $37,000 after purchasing an additional 1,265 shares during the last quarter. ICA Group Wealth Management LLC purchased a new position in shares of Peloton Interactive in the fourth quarter worth $39,000. KBC Group NV acquired a new stake in shares of Peloton Interactive during the fourth quarter worth $45,000. Rakuten Securities Inc. purchased a new stake in shares of Peloton Interactive during the fourth quarter valued at $47,000. Finally, Kohmann Bosshard Financial Services LLC purchased a new stake in shares of Peloton Interactive during the third quarter valued at $50,000. 77.01% of the stock is currently owned by hedge funds and other 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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