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Wall Street Zen upgraded shares of Peloton Interactive (NASDAQ:PTON – Free Report) from a hold rating to a buy rating in a research report released on Friday.
Several other analysts have also recently commented on the company. Canaccord Genuity Group reissued a “buy” rating and issued a $10.00 price target on shares of Peloton Interactive in a report on Thursday. Morgan Stanley raised their price target on Peloton Interactive from $4.00 to $5.75 and gave the company an “equal weight” rating in a report on Monday, August 4th. The Goldman Sachs Group reissued a “buy” rating and issued a $11.50 price target on shares of Peloton Interactive in a report on Thursday. Telsey Advisory Group lifted their price objective on Peloton Interactive from $8.00 to $9.00 and gave the stock a “market perform” rating in a report on Thursday. Finally, UBS Group raised Peloton Interactive from a “neutral” rating to a “buy” rating and lifted their price objective for the stock from $7.50 to $11.00 in a report on Wednesday, July 30th. Eight equities research analysts have rated the stock with a Buy rating, nine have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $9.36.
View Our Latest Research Report on PTON
Peloton Interactive Price Performance
PTON opened at $8.58 on Friday. The business has a 50 day simple moving average of $7.86 and a 200-day simple moving average of $6.97. The stock has a market capitalization of $3.50 billion, a P/E ratio of -27.68, a P/E/G ratio of 3.30 and a beta of 2.27. Peloton Interactive has a 12 month low of $4.52 and a 12 month high of $10.90.
Peloton Interactive (NASDAQ:PTON – Get Free Report) last posted its quarterly earnings results on Thursday, August 7th. The company reported $0.05 EPS for the quarter, beating the consensus estimate of ($0.07) by $0.12. The business had revenue of $606.90 million during the quarter, compared to analyst estimates of $580.29 million. The firm’s quarterly revenue was down 5.8% compared to the same quarter last year. During the same period in the prior year, the business earned ($0.08) earnings per share. Peloton Interactive has set its FY 2025 guidance at EPS. Research analysts anticipate that Peloton Interactive will post -0.36 EPS for the current year.
Insiders Place Their Bets
In other news, insider Nick V. Caldwell sold 206,901 shares of Peloton Interactive stock in a transaction on Tuesday, September 16th. The stock was sold at an average price of $7.78, for a total value of $1,609,689.78. Following the completion of the sale, the insider owned 737,788 shares of the company’s stock, valued at $5,739,990.64. The trade was a 21.90% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Dion C. Sanders sold 110,753 shares of Peloton Interactive stock in a transaction on Thursday, September 18th. The shares were sold at an average price of $8.05, for a total value of $891,561.65. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 1,851,961 shares of company stock valued at $14,775,168. 1.34% of the stock is currently owned by company insiders.
Institutional Investors Weigh In On Peloton Interactive
A number of institutional investors have recently added to or reduced their stakes in the company. Vident Advisory LLC grew its position in Peloton Interactive by 1.1% during the second quarter. Vident Advisory LLC now owns 110,258 shares of the company’s stock valued at $765,000 after acquiring an additional 1,180 shares during the period. Federated Hermes Inc. grew its position in Peloton Interactive by 0.3% during the first quarter. Federated Hermes Inc. now owns 533,820 shares of the company’s stock valued at $3,374,000 after acquiring an additional 1,643 shares during the period. Victory Capital Management Inc. grew its position in Peloton Interactive by 4.4% during the first quarter. Victory Capital Management Inc. now owns 43,944 shares of the company’s stock valued at $278,000 after acquiring an additional 1,860 shares during the period. Nisa Investment Advisors LLC grew its position in Peloton Interactive by 40.2% during the first 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 during the period. Finally, Wealthfront Advisers LLC grew its position in Peloton Interactive by 11.3% during the first quarter. Wealthfront Advisers LLC now owns 18,463 shares of the company’s stock valued at $117,000 after acquiring an additional 1,877 shares during the period. Hedge funds and other 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.
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