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
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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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