Free Trial

Peloton Interactive (NASDAQ:PTON) Stock Price Up 5.8% - What's Next?

Peloton Interactive logo with Consumer Discretionary background

Peloton Interactive, Inc. (NASDAQ:PTON - Get Free Report) shares shot up 5.8% during trading on Friday . The company traded as high as $6.83 and last traded at $6.76. 3,121,248 shares were traded during trading, a decline of 80% from the average session volume of 15,441,652 shares. The stock had previously closed at $6.39.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on PTON. The Goldman Sachs Group cut their price target on shares of Peloton Interactive from $10.00 to $7.00 and set a "neutral" rating on the stock in a report on Friday, May 9th. Deutsche Bank Aktiengesellschaft upgraded Peloton Interactive from a "hold" rating to a "buy" rating and set a $6.60 price objective for the company in a research report on Monday, April 14th. Needham & Company LLC reiterated a "hold" rating on shares of Peloton Interactive in a research report on Friday, May 9th. JMP Securities reaffirmed a "market perform" rating on shares of Peloton Interactive in a research note on Monday, April 14th. Finally, Truist Financial upgraded shares of Peloton Interactive from a "hold" rating to a "buy" rating and set a $11.00 price target on the stock in a research report on Monday, April 28th. Thirteen analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus price target of $8.30.

Get Our Latest Stock Report on PTON

Peloton Interactive Price Performance

The company has a market capitalization of $2.71 billion, a price-to-earnings ratio of -15.77 and a beta of 2.16. The firm's fifty day moving average price is $6.74 and its 200-day moving average price is $7.39.

Peloton Interactive (NASDAQ:PTON - Get Free Report) last posted its quarterly earnings data on Thursday, May 8th. The company reported ($0.12) earnings per share for the quarter, missing analysts' consensus estimates of ($0.06) by ($0.06). The company had revenue of $624.00 million during the quarter, compared to analyst estimates of $620.39 million. During the same period last year, the firm earned ($0.45) EPS. The firm's revenue for the quarter was down 13.1% compared to the same quarter last year. On average, research analysts predict that Peloton Interactive, Inc. will post -0.36 earnings per share for the current year.

Insider Transactions at Peloton Interactive

In other Peloton Interactive news, insider Dion C. Sanders sold 122,036 shares of the firm's stock in a transaction on Friday, May 16th. The stock was sold at an average price of $6.25, for a total transaction of $762,725.00. Following the transaction, the insider directly owned 114,318 shares in the company, valued at approximately $714,487.50. This trade represents a 51.63% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Nick V. Caldwell sold 63,925 shares of the stock in a transaction that occurred on Monday, June 16th. The shares were sold at an average price of $6.99, for a total transaction of $446,835.75. Following the transaction, the insider directly owned 578,668 shares of the company's stock, valued at $4,044,889.32. This represents a 9.95% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 555,952 shares of company stock worth $3,556,914. Insiders own 1.34% of the company's stock.

Hedge Funds Weigh In On Peloton Interactive

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Russell Investments Group Ltd. grew its position in Peloton Interactive by 969.6% during the fourth quarter. Russell Investments Group Ltd. now owns 4,011 shares of the company's stock valued at $35,000 after acquiring an additional 3,636 shares during the last quarter. FNY Investment Advisers LLC purchased a new position in Peloton Interactive during the 1st quarter valued at about $37,000. Nisa Investment Advisors LLC raised its position in Peloton Interactive by 40.2% during the 1st quarter. Nisa Investment Advisors LLC now owns 6,503 shares of the company's stock valued at $41,000 after purchasing an additional 1,864 shares during the last quarter. GAMMA Investing LLC lifted its holdings in Peloton Interactive by 1,082.5% in the 1st quarter. GAMMA Investing LLC now owns 8,159 shares of the company's stock worth $52,000 after buying an additional 7,469 shares during the period. Finally, Comerica Bank grew its position in shares of Peloton Interactive by 29.1% in the 4th quarter. Comerica Bank now owns 6,164 shares of the company's stock worth $54,000 after buying an additional 1,389 shares during the last quarter. Hedge funds and other institutional investors own 77.01% of the company's stock.

Peloton Interactive Company Profile

(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.

Featured Articles

Should You Invest $1,000 in Peloton Interactive Right Now?

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

Reduce the Risk Cover

Market downturns give many investors pause, and for good reason. Wondering how to offset this risk? Enter your email address to learn more about using beta to protect your portfolio.

Get This Free Report
Like this article? Share it with a colleague.

Featured Articles and Offers

Recent Videos

Pelosi Makes Big Bet on Broadcom—Here’s Why It Matters
This Strategy Beat the S&P—And Most Investors Ignore It
NVDA Greenlight: China Sales Spark 50% Rally Potential

Stock Lists

All Stock Lists

Investing Tools

Calendars and Tools

Search Headlines