Peloton Interactive (NASDAQ:PTON) Stock Rating Upgraded by Wall Street Zen

Key Points

• Wall Street Zen upgraded Peloton from a "hold" to a "buy" in its latest research note, signaling a more positive view from that firm.
• Analyst sentiment remains mixed overall—MarketBeat tallies 7 buys, 9 holds, 1 sell with an average rating of "Hold" and an average price target of $8.42, while several firms have recently lowered price targets.
• Peloton trades around $4.43 with a market cap of $1.88B and reported a quarterly EPS miss (‑$0.09 vs. ‑$0.07); meanwhile insiders have sold over 1.05 million shares in the past 90 days, indicating notable insider selling activity.

Peloton Interactive (NASDAQ:PTON - Get Free Report) was upgraded by equities research analysts at Wall Street Zen from a "hold" rating to a "buy" rating in a research report issued to clients and investors on Saturday.

Other equities analysts have also recently issued reports about the company. JPMorgan Chase & Co. reduced their target price on Peloton Interactive from $9.00 to $6.00 and set a "neutral" rating for the company in a research report on Friday, February 6th. Zacks Research cut Peloton Interactive from a "strong-buy" rating to a "hold" rating in a report on Tuesday, February 24th. Truist Financial dropped their price target on Peloton Interactive from $12.00 to $9.00 and set a "buy" rating for the company in a research report on Friday, February 6th. Citigroup cut their price objective on Peloton Interactive from $8.25 to $5.00 and set a "neutral" rating for the company in a report on Thursday, February 12th. Finally, UBS Group reaffirmed a "buy" rating on shares of Peloton Interactive in a research note on Tuesday, February 3rd. Seven analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, Peloton Interactive currently has an average rating of "Hold" and an average price target of $8.42.

Peloton Interactive Price Performance

NASDAQ PTON opened at $4.43 on Friday. The company's 50 day simple moving average is $4.55 and its two-hundred day simple moving average is $6.25. Peloton Interactive has a 1 year low of $3.65 and a 1 year high of $9.20. The stock has a market capitalization of $1.88 billion, a PE ratio of -34.08, a P/E/G ratio of 0.67 and a beta of 2.47.

Peloton Interactive (NASDAQ:PTON - Get Free Report) last released its quarterly earnings results on Thursday, February 5th. The company reported ($0.09) EPS for the quarter, missing analysts' consensus estimates of ($0.07) by ($0.02). Peloton Interactive's revenue for the quarter was down 2.5% compared to the same quarter last year. During the same quarter in the previous year, the firm posted ($0.24) EPS. On average, research analysts anticipate that Peloton Interactive will post -0.36 EPS for the current year.

Insider Buying and Selling at Peloton Interactive

In other news, CFO Elizabeth F. Coddington sold 21,819 shares of the stock in a transaction dated Monday, March 16th. The stock was sold at an average price of $3.87, for a total transaction of $84,439.53. Following the transaction, the chief financial officer directly owned 346,535 shares in the company, valued at approximately $1,341,090.45. This represents a 5.92% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Jennifer Cunningham Cotter sold 154,497 shares of the firm's stock in a transaction dated Friday, February 20th. The shares were sold at an average price of $4.41, for a total value of $681,331.77. Following the transaction, the insider directly owned 100,269 shares in the company, valued at approximately $442,186.29. This represents a 60.64% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders have sold 1,052,924 shares of company stock valued at $4,823,092. 1.30% of the stock is currently owned by company insiders.

Institutional Trading of Peloton Interactive

Hedge funds and other institutional investors have recently bought and sold shares of the company. Sankala Group LLC bought a new position in Peloton Interactive during the fourth quarter valued at approximately $31,000. Advisory Services Network LLC purchased a new stake in shares of Peloton Interactive in the 3rd quarter valued at $48,000. MAI Capital Management boosted its stake in shares of Peloton Interactive by 64.6% in the 2nd quarter. MAI Capital Management now owns 5,498 shares of the company's stock valued at $38,000 after purchasing an additional 2,158 shares in the last quarter. Quarry LP bought a new position in shares of Peloton Interactive during the 3rd quarter valued at $71,000. Finally, Farther Finance Advisors LLC grew its holdings in shares of Peloton Interactive by 158.3% during the 3rd quarter. Farther Finance Advisors LLC now owns 7,986 shares of the company's stock valued at $72,000 after purchasing an additional 4,894 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 a digital fitness platform that combines connected exercise equipment with live and on-demand workout classes. The company's core products include stationary bikes (Peloton Bike and Bike+), treadmills (Peloton Tread and Tread+), and the Peloton Row. Each device integrates a touchscreen display that streams instructor-led cycling, running, strength, yoga, meditation and other fitness classes. Peloton generates recurring revenue through subscription plans, which grant users access to its growing library of workouts, performance tracking tools and community features.

Founded in 2012 by John Foley and headquartered in New York City, Peloton set out to deliver an immersive home-fitness experience by blending hardware, software and content.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.