Brokerages Set Peloton Interactive, Inc. (NASDAQ:PTON) Target Price at $8.54

Peloton Interactive, Inc. (NASDAQ:PTON - Get Free Report) has been assigned an average recommendation of "Hold" from the twenty-one research firms that are covering the company, MarketBeat Ratings reports. Fourteen research analysts have rated the stock with a hold recommendation and seven have issued a buy recommendation on the company. The average twelve-month price target among brokerages that have issued a report on the stock in the last year is $8.59.

A number of analysts have weighed in on PTON shares. Deutsche Bank Aktiengesellschaft upgraded Peloton Interactive from a "hold" rating to a "buy" rating and set a $6.60 price target for the company in a report on Monday, April 14th. Macquarie restated a "neutral" rating and issued a $9.00 target price on shares of Peloton Interactive in a research note on Monday, February 10th. Needham & Company LLC restated a "hold" rating on shares of Peloton Interactive in a research note on Thursday, February 6th. Truist Financial upgraded Peloton Interactive from a "hold" rating to a "buy" rating and set a $11.00 target price for the company in a research note on Monday. Finally, JPMorgan Chase & Co. reduced their target price on Peloton Interactive from $8.00 to $7.00 and set a "neutral" rating for the company in a research note on Tuesday, April 8th.

Peloton Interactive Stock Up 5.0 %

Peloton Interactive stock traded up $0.33 during trading hours on Thursday, reaching $6.93. 13,946,888 shares of the company's stock were exchanged, compared to its average volume of 16,095,355. The firm's 50 day simple moving average is $6.37 and its 200 day simple moving average is $7.74. Peloton Interactive has a twelve month low of $2.70 and a twelve month high of $10.90. The firm has a market capitalization of $2.70 billion, a PE ratio of -9.00 and a beta of 2.21.

Peloton Interactive (NASDAQ:PTON - Get Free Report) last issued its quarterly earnings results on Thursday, February 6th. The company reported ($0.24) earnings per share for the quarter, missing analysts' consensus estimates of ($0.20) by ($0.04). Analysts anticipate that Peloton Interactive will post -0.36 EPS for the current year.

Insiders Place Their Bets

In other Peloton Interactive news, CAO Saqib Baig sold 22,662 shares of Peloton Interactive stock in a transaction that occurred on Wednesday, February 19th. The shares were sold at an average price of $9.75, for a total transaction of $220,954.50. Following the transaction, the chief accounting officer now owns 130,031 shares of the company's stock, valued at $1,267,802.25. This trade represents a 14.84 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Andrew S. Rendich sold 121,883 shares of Peloton Interactive stock in a transaction that occurred on Tuesday, February 18th. The stock was sold at an average price of $9.54, for a total transaction of $1,162,763.82. Following the transaction, the insider now directly owns 404,188 shares in the company, valued at approximately $3,855,953.52. This represents a 23.17 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 674,338 shares of company stock valued at $5,522,838 in the last 90 days. 1.34% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Peloton Interactive

Institutional investors have recently bought and sold shares of the company. Y Intercept Hong Kong Ltd bought a new stake in shares of Peloton Interactive in the fourth quarter valued at $360,000. Rhumbline Advisers grew its stake in shares of Peloton Interactive by 7.8% during the 4th quarter. Rhumbline Advisers now owns 479,134 shares of the company's stock worth $4,168,000 after acquiring an additional 34,514 shares during the period. Charles Schwab Investment Management Inc. grew its stake in shares of Peloton Interactive by 3.5% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 4,136,182 shares of the company's stock worth $35,985,000 after acquiring an additional 139,826 shares during the period. Franklin Resources Inc. bought a new position in shares of Peloton Interactive during the 3rd quarter worth $505,000. Finally, Raymond James Financial Inc. bought a new position in shares of Peloton Interactive during the 4th quarter worth $1,158,000. Hedge funds and other institutional investors own 77.01% of the company's stock.

About Peloton Interactive

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.