Peloton Interactive, Inc. (NASDAQ:PTON - Get Free Report) shares gapped up prior to trading on Monday . The stock had previously closed at $6.29, but opened at $6.54. Peloton Interactive shares last traded at $6.67, with a volume of 1,958,463 shares.
Analysts Set New Price Targets
PTON has been the subject of several recent analyst reports. JMP Securities reiterated a "market perform" rating on shares of Peloton Interactive in a report on Monday, April 14th. Macquarie reissued a "neutral" rating and set a $9.00 target price on shares of Peloton Interactive in a research note on Monday, February 10th. Canaccord Genuity Group raised Peloton Interactive from a "hold" rating to a "buy" rating and set a $10.00 target price for the company in a research report on Friday, March 14th. The Goldman Sachs Group lifted their price objective on shares of Peloton Interactive from $8.00 to $10.00 and gave the company a "neutral" rating in a research note on Monday, February 10th. Finally, Needham & Company LLC reissued a "hold" rating on shares of Peloton Interactive in a research report on Thursday, February 6th. Fourteen investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus target price of $8.59.
View Our Latest Research Report on Peloton Interactive
Peloton Interactive Stock Performance
The stock has a 50-day moving average of $6.48 and a 200-day moving average of $7.73. The firm has a market cap of $2.51 billion, a price-to-earnings ratio of -8.34 and a beta of 2.21.
Peloton Interactive (NASDAQ:PTON - Get Free Report) last posted its quarterly earnings data on Thursday, February 6th. The company reported ($0.24) EPS for the quarter, missing analysts' consensus estimates of ($0.20) by ($0.04). Sell-side analysts predict that Peloton Interactive, Inc. will post -0.36 EPS for the current fiscal year.
Insider Activity
In other Peloton Interactive news, insider Nick V. Caldwell sold 68,727 shares of the business's stock in a transaction that occurred on Monday, March 17th. The shares were sold at an average price of $6.59, for a total transaction of $452,910.93. Following the completion of the transaction, the insider now directly owns 474,234 shares in the company, valued at $3,125,202.06. The trade was a 12.66 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CAO Saqib Baig sold 22,662 shares of Peloton Interactive stock in a transaction on Wednesday, February 19th. The shares were sold at an average price of $9.75, for a total value of $220,954.50. Following the completion of the transaction, the chief accounting officer now owns 130,031 shares in the company, valued at approximately $1,267,802.25. The trade was a 14.84 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 674,338 shares of company stock valued at $5,522,838. 1.34% of the stock is owned by company insiders.
Institutional Inflows and Outflows
Several institutional investors have recently bought and sold shares of the business. Y Intercept Hong Kong Ltd bought a new stake in shares of Peloton Interactive during the fourth quarter worth $360,000. Rhumbline Advisers boosted its holdings in Peloton Interactive by 7.8% in the fourth quarter. Rhumbline Advisers now owns 479,134 shares of the company's stock valued at $4,168,000 after acquiring an additional 34,514 shares during the last quarter. Charles Schwab Investment Management Inc. increased its position in 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 valued at $35,985,000 after purchasing an additional 139,826 shares during the period. Franklin Resources Inc. bought a new position in Peloton Interactive during the 3rd quarter worth approximately $505,000. Finally, Raymond James Financial Inc. acquired a new position in shares of Peloton Interactive in the 4th quarter worth approximately $1,158,000. Institutional investors and hedge funds own 77.01% of the company's stock.
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.
Recommended Stories
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
Before you consider Peloton Interactive, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Peloton Interactive wasn't on the list.
While Peloton Interactive currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Wondering what the next stocks will be that hit it big, with solid fundamentals? Enter your email address to see which stocks MarketBeat analysts could become the next blockbuster growth stocks.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
