JMP Securities Reiterates Market Perform Rating for Peloton Interactive (NASDAQ:PTON)

JMP Securities reissued their market perform rating on shares of Peloton Interactive (NASDAQ:PTON - Free Report) in a report released on Monday morning,Benzinga reports.

Other research analysts have also recently issued research reports about the stock. Needham & Company LLC restated a "hold" rating on shares of Peloton Interactive in a report on Thursday, February 6th. Macquarie reaffirmed a "neutral" rating and issued a $9.00 target price on shares of Peloton Interactive in a research report on Monday, February 10th. Deutsche Bank Aktiengesellschaft upgraded Peloton Interactive from a "hold" rating to a "buy" rating and set a $6.60 price objective on the stock in a research note on Monday, April 14th. Telsey Advisory Group reissued a "market perform" rating and set a $11.00 price target on shares of Peloton Interactive in a research report on Monday, February 3rd. Finally, Citigroup cut their target price on shares of Peloton Interactive from $11.00 to $10.00 and set a "neutral" rating for the company in a research note on Monday, February 10th. Fifteen equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of "Hold" and a consensus price target of $8.54.

Peloton Interactive Stock Down 4.1 %

Shares of PTON traded down $0.23 during midday trading on Monday, reaching $5.39. 14,905,086 shares of the stock were exchanged, compared to its average volume of 16,093,721. The firm has a 50 day simple moving average of $6.85 and a 200-day simple moving average of $7.65. Peloton Interactive has a 12-month low of $2.70 and a 12-month high of $10.90. The company has a market cap of $2.10 billion, a price-to-earnings ratio of -7.00 and a beta of 2.21.

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

Insider Buying and Selling at Peloton Interactive

In other news, CFO Elizabeth F. Coddington sold 170,819 shares of the firm's stock in a transaction that occurred on Tuesday, February 18th. The shares were sold at an average price of $9.62, for a total value of $1,643,278.78. Following the completion of the transaction, the chief financial officer now owns 275,212 shares of the company's stock, valued at approximately $2,647,539.44. This trade represents a 38.30 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Andrew S. Rendich sold 121,883 shares of the company's stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $9.54, for a total value of $1,162,763.82. Following the sale, the insider now owns 404,188 shares in the company, valued at approximately $3,855,953.52. This trade 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 over the last ninety days. Corporate insiders own 1.34% of the company's stock.

Institutional Trading of Peloton Interactive

Institutional investors have recently modified their holdings of the stock. Hennessy Advisors Inc. acquired a new position in Peloton Interactive in the 4th quarter valued at about $85,260,000. T. Rowe Price Investment Management Inc. increased its position in Peloton Interactive by 38.0% during the fourth quarter. T. Rowe Price Investment Management Inc. now owns 16,820,256 shares of the company's stock worth $146,337,000 after buying an additional 4,635,667 shares in the last quarter. Assenagon Asset Management S.A. purchased a new position in Peloton Interactive in the 4th quarter valued at about $39,992,000. Connor Clark & Lunn Investment Management Ltd. increased its position in shares of Peloton Interactive by 245.7% during the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 4,227,854 shares of the company's stock worth $36,782,000 after acquiring an additional 3,004,757 shares during the last quarter. Finally, Voloridge Investment Management LLC boosted its holdings in Peloton Interactive by 1,438.9% in the fourth quarter. Voloridge Investment Management LLC now owns 3,109,054 shares of the company's stock valued at $27,049,000 after purchasing an additional 2,907,023 shares during the last quarter. 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.