Peloton Interactive (NASDAQ:PTON) Stock Price Up 6.1% - Time to Buy?

Key Points

• Peloton Interactive's stock price rose 6.1% to $8.05 after trading as high as $8.12, although the trading volume was significantly lower than average.
• Analysts have recently upgraded Peloton's shares to "buy" ratings and set new price targets between $11.00 and $11.50, while the current consensus rating remains a "hold" with a target price of $9.29.
• In its latest quarterly earnings report, Peloton exceeded expectations with an EPS of $0.05 and revenue of $606.90 million despite a year-over-year decline in revenue.

Peloton Interactive, Inc. (NASDAQ:PTON - Get Free Report)'s stock price traded up 6.1% during mid-day trading on Monday . The company traded as high as $8.12 and last traded at $8.05. 2,449,534 shares were traded during trading, a decline of 82% from the average session volume of 13,883,789 shares. The stock had previously closed at $7.58.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on PTON. Needham & Company LLC reiterated a "hold" rating on shares of Peloton Interactive in a report on Thursday, August 7th. Macquarie increased their target price on shares of Peloton Interactive from $10.00 to $11.00 and gave the stock an "outperform" rating in a report on Thursday, August 14th. UBS Group upgraded shares of Peloton Interactive from a "neutral" rating to a "buy" rating and increased their target price for the stock from $7.50 to $11.00 in a report on Wednesday, July 30th. The Goldman Sachs Group upgraded shares of Peloton Interactive from a "neutral" rating to a "buy" rating and increased their target price for the stock from $7.00 to $11.50 in a report on Friday, August 8th. Finally, Morgan Stanley increased their target price on shares of Peloton Interactive from $4.00 to $5.75 and gave the stock an "equal weight" rating in a report on Monday, August 4th. Eight investment analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the stock. According to MarketBeat, the stock currently has an average rating of "Hold" and an average price target of $9.29.

Peloton Interactive Stock Up 4.3%

The company's fifty day simple moving average is $7.44 and its 200 day simple moving average is $6.81. The firm has a market capitalization of $3.37 billion, a PE ratio of -26.68 and a beta of 2.07.

Peloton Interactive (NASDAQ:PTON - Get Free Report) last issued its quarterly earnings data on Thursday, August 7th. The company reported $0.05 EPS for the quarter, topping the consensus estimate of ($0.07) by $0.12. The company had revenue of $606.90 million during the quarter, compared to analysts' expectations of $580.29 million. During the same quarter last year, the business earned ($0.08) earnings per share. The business's quarterly revenue was down 5.8% on a year-over-year basis. Peloton Interactive has set its FY 2025 guidance at EPS. Equities research analysts forecast that Peloton Interactive, Inc. will post -0.36 EPS for the current year.

Insider Buying and Selling at Peloton Interactive

In other news, insider Dion C. Sanders sold 127,911 shares of Peloton Interactive stock in a transaction that occurred on Tuesday, September 16th. The shares were sold at an average price of $7.78, for a total transaction of $995,147.58. Following the completion of the transaction, the insider directly owned 110,753 shares in the company, valued at approximately $861,658.34. This trade represents a 53.59% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Jennifer Cunningham Cotter sold 146,315 shares of Peloton Interactive stock in a transaction that occurred on Monday, August 18th. The shares were sold at an average price of $8.37, for a total transaction of $1,224,656.55. Following the transaction, the insider owned 234,745 shares of the company's stock, valued at $1,964,815.65. The trade was a 38.40% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 1,622,004 shares of company stock valued at $12,915,493 over the last ninety days. Company insiders own 1.34% of the company's stock.

Institutional Investors Weigh In On Peloton Interactive

Institutional investors and hedge funds have recently made changes to their positions in the company. FNY Investment Advisers LLC bought a new position in Peloton Interactive in the 1st quarter valued at approximately $37,000. Bessemer Group Inc. lifted its position in Peloton Interactive by 1,602.6% in the 2nd quarter. Bessemer Group Inc. now owns 5,312 shares of the company's stock valued at $37,000 after acquiring an additional 5,000 shares in the last quarter. MAI Capital Management lifted its position in 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 acquiring an additional 2,158 shares in the last quarter. Nisa Investment Advisors LLC lifted its position in Peloton Interactive by 40.2% in the 1st quarter. Nisa Investment Advisors LLC now owns 6,503 shares of the company's stock valued at $41,000 after acquiring an additional 1,864 shares in the last quarter. Finally, GAMMA Investing LLC lifted its position in Peloton Interactive by 1,082.5% in the 1st quarter. GAMMA Investing LLC now owns 8,159 shares of the company's stock valued at $52,000 after acquiring an additional 7,469 shares in the last quarter. Institutional investors own 77.01% of the company's stock.

About Peloton Interactive

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.