Peloton Interactive, Inc. (NASDAQ:PTON - Get Free Report) traded up 5.5% during mid-day trading on Tuesday . The stock traded as high as $6.86 and last traded at $6.97. 5,820,464 shares were traded during mid-day trading, a decline of 64% from the average session volume of 16,051,466 shares. The stock had previously closed at $6.60.
Analyst Upgrades and Downgrades
Several research firms have recently weighed in on PTON. JMP Securities reissued a "market perform" rating on shares of Peloton Interactive in a report on Monday, April 14th. Canaccord Genuity Group upgraded shares of Peloton Interactive from a "hold" rating to a "buy" rating and set a $10.00 price target for the company in a research report on Friday, March 14th. Telsey Advisory Group reissued a "market perform" rating and set a $11.00 price objective on shares of Peloton Interactive in a research report on Monday, February 3rd. Morgan Stanley decreased their target price on shares of Peloton Interactive from $5.75 to $4.00 and set an "equal weight" rating for the company in a research note on Thursday, April 17th. Finally, Macquarie reaffirmed a "neutral" rating and set a $9.00 price objective on shares of Peloton Interactive in a research report on Monday, February 10th. Fourteen equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus target price of $8.59.
Check Out Our Latest Stock Report on PTON
Peloton Interactive Stock Up 1.8 %
The stock has a fifty day moving average price of $6.30 and a two-hundred day moving average price of $7.74. The company has a market capitalization of $2.72 billion, a price-to-earnings ratio of -9.07 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 the consensus estimate of ($0.20) by ($0.04). As a group, research analysts forecast that Peloton Interactive, Inc. will post -0.36 earnings per share for the current fiscal year.
Insider Transactions at Peloton Interactive
In other news, insider Jennifer Cunningham Cotter sold 187,238 shares of the stock in a transaction on Thursday, March 6th. The shares were sold at an average price of $6.45, for a total value of $1,207,685.10. Following the completion of the sale, the insider now owns 100,269 shares of the company's stock, valued at $646,735.05. This represents a 65.12 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Nick V. Caldwell sold 68,727 shares of Peloton Interactive stock in a transaction 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 transaction, the insider now owns 474,234 shares in the company, valued at $3,125,202.06. The trade was a 12.66 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 674,338 shares of company stock worth $5,522,838 in the last ninety days. Insiders own 1.34% of the company's stock.
Institutional Inflows and Outflows
Several institutional investors and hedge funds have recently made changes to their positions in PTON. Hennessy Advisors Inc. acquired a new stake in Peloton Interactive during the 4th quarter valued at approximately $85,260,000. T. Rowe Price Investment Management Inc. increased its position in shares of Peloton Interactive by 38.0% in the 4th quarter. T. Rowe Price Investment Management Inc. now owns 16,820,256 shares of the company's stock worth $146,337,000 after purchasing an additional 4,635,667 shares during the last quarter. Assenagon Asset Management S.A. bought a new position in shares of Peloton Interactive during the fourth quarter worth about $39,992,000. Connor Clark & Lunn Investment Management Ltd. grew its stake in Peloton Interactive by 245.7% in 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 purchasing an additional 3,004,757 shares in the last quarter. Finally, Voloridge Investment Management LLC increased 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 buying an additional 2,907,023 shares during the last quarter. 77.01% of the stock is currently owned by hedge funds and other institutional investors.
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.
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