Peloton Interactive (NASDAQ:PTON - Get Free Report)'s stock had its "outperform" rating reiterated by research analysts at Oppenheimer in a research note issued to investors on Tuesday, Benzinga reports.
A number of other equities analysts also recently commented on PTON. Roth Mkm decreased their target price on Peloton Interactive from $7.00 to $5.00 and set a "buy" rating for the company in a report on Friday. BMO Capital Markets dropped their target price on shares of Peloton Interactive from $7.50 to $6.50 and set a "market perform" rating for the company in a research report on Friday. Macquarie reduced their price target on shares of Peloton Interactive from $4.50 to $2.53 and set a "neutral" rating on the stock in a research report on Friday. Morgan Stanley assumed coverage on shares of Peloton Interactive in a report on Monday, March 11th. They issued an "equal weight" rating and a $3.00 price objective for the company. Finally, Citigroup lowered Peloton Interactive from a "buy" rating to a "neutral" rating and decreased their target price for the stock from $8.00 to $4.00 in a research report on Monday. Three investment analysts have rated the stock with a sell rating, fourteen have given a hold rating and four have issued a buy rating to the stock. According to MarketBeat, Peloton Interactive has an average rating of "Hold" and a consensus price target of $5.70.
Check Out Our Latest Report on Peloton Interactive
Peloton Interactive Price Performance
NASDAQ PTON traded up $0.55 during trading on Tuesday, hitting $4.09. 59,294,866 shares of the company's stock traded hands, compared to its average volume of 15,535,026. The firm has a market cap of $1.50 billion, a P/E ratio of -1.94 and a beta of 2.01. The stock has a fifty day moving average of $3.89 and a two-hundred day moving average of $4.85. Peloton Interactive has a 12-month low of $2.70 and a 12-month high of $9.87.
Peloton Interactive (NASDAQ:PTON - Get Free Report) last posted its earnings results 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 company had revenue of $717.70 million during the quarter, compared to the consensus estimate of $720.85 million. Peloton Interactive's revenue was down 4.2% compared to the same quarter last year. During the same quarter in the previous year, the firm earned ($0.79) earnings per share. As a group, analysts expect that Peloton Interactive will post -1.61 earnings per share for the current fiscal year.
Insiders Place Their Bets
In other Peloton Interactive 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 sale, the chief financial officer now 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 available through this hyperlink. Company insiders own 3.28% of the company's stock.
Institutional Investors Weigh In On Peloton Interactive
A number of institutional investors have recently bought and sold shares of PTON. Johnson & White Wealth Management LLC bought a new position in shares of Peloton Interactive in the first quarter worth about $43,000. Abundance Wealth Counselors purchased a new stake in Peloton Interactive during the 1st quarter valued at approximately $46,000. Rakuten Securities Inc. bought a new stake in shares of Peloton Interactive during the fourth quarter valued at approximately $47,000. Carl P. Sherr & Co. LLC purchased a new position in shares of Peloton Interactive in the third quarter worth $55,000. Finally, Clear Harbor Asset Management LLC bought a new position in shares of Peloton Interactive during the 4th quarter valued at about $78,000. Hedge funds and other institutional investors own 77.01% of the company's stock.
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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