Peloton Interactive, Inc. (NASDAQ:PTON - Get Free Report) shares were up 7% on Friday . The company traded as high as $3.61 and last traded at $3.35. Approximately 13,500,116 shares traded hands during mid-day trading, a decline of 8% from the average daily volume of 14,675,162 shares. The stock had previously closed at $3.13.
Wall Street Analyst Weigh In
PTON has been the subject of a number of research analyst reports. The Goldman Sachs Group dropped their price objective on Peloton Interactive from $5.75 to $3.50 and set a "neutral" rating for the company in a report on Friday. Needham & Company LLC restated a "hold" rating on shares of Peloton Interactive in a research note on Friday. Telsey Advisory Group reaffirmed a "market perform" rating and issued a $4.00 price objective (down from $5.00) on shares of Peloton Interactive in a research note on Monday. Robert W. Baird dropped their target price on shares of Peloton Interactive from $5.00 to $3.50 and set a "neutral" rating for the company in a research report on Friday. Finally, Macquarie dropped their target price on shares of Peloton Interactive from $4.50 to $2.53 and set a "neutral" rating for the company in a research report on Friday. Three analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and four have given a buy rating to the company's stock. According to MarketBeat.com, Peloton Interactive has an average rating of "Hold" and an average target price of $6.15.
Read Our Latest Analysis on Peloton Interactive
Peloton Interactive Price Performance
The company's 50-day simple moving average is $3.94 and its 200-day simple moving average is $4.88. The company has a market cap of $1.26 billion, a price-to-earnings ratio of -1.40 and a beta of 2.01.
Peloton Interactive (NASDAQ:PTON - Get Free Report) last issued its quarterly earnings data on Thursday, May 2nd. The company reported ($0.45) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.39) by ($0.06). The business had revenue of $717.70 million for the quarter, compared to the consensus estimate of $720.85 million. The firm's quarterly revenue was down 4.2% compared to the same quarter last year. During the same period last year, the business earned ($0.79) earnings per share. Equities analysts predict that Peloton Interactive, Inc. will post -1.61 EPS for the current fiscal year.
Insider Activity
In other news, CFO Elizabeth F. Coddington sold 8,977 shares of the stock in a transaction that occurred 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 completion of the transaction, the chief financial officer now directly owns 104,428 shares in the company, valued at approximately $453,217.52. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Company insiders own 3.28% of the company's stock.
Hedge Funds Weigh In On Peloton Interactive
Several institutional investors and hedge funds have recently made changes to their positions in PTON. Rakuten Securities Inc. acquired a new position in Peloton Interactive in the fourth quarter worth $47,000. Johnson & White Wealth Management LLC acquired a new position in Peloton Interactive in the first quarter worth $43,000. Abundance Wealth Counselors acquired a new position in Peloton Interactive in the first quarter worth $46,000. Carl P. Sherr & Co. LLC acquired a new position in Peloton Interactive in the third quarter worth $55,000. Finally, Clear Harbor Asset Management LLC acquired a new position in Peloton Interactive in the fourth quarter worth $78,000. 77.01% of the stock is currently owned by hedge funds and other institutional investors.
Peloton Interactive Company Profile
(
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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