Rosenblatt Securities reiterated their buy rating on shares of Peloton (NASDAQ:PTON) in a research note released on Tuesday, BenzingaRatingsTable reports. They currently have a $70.00 target price on the stock, up from their previous target price of $56.00.
Several other equities analysts have also weighed in on PTON. MKM Partners lifted their price target on Peloton from $28.00 to $36.00 and gave the company a neutral rating in a research note on Thursday, May 7th. Cfra boosted their price objective on Peloton from $42.00 to $48.00 and gave the stock a buy rating in a research note on Thursday, May 7th. Raymond James started coverage on Peloton in a research note on Thursday, June 25th. They set an outperform rating and a $65.00 price objective for the company. KeyCorp boosted their target price on Peloton from $55.00 to $70.00 and gave the stock an overweight rating in a report on Wednesday, June 24th. Finally, UBS Group boosted their target price on Peloton from $40.00 to $48.00 and gave the stock a buy rating in a report on Thursday, May 7th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and twenty-six have assigned a buy rating to the stock. The stock currently has an average rating of Buy and a consensus price target of $52.31.
Shares of Peloton stock opened at $59.16 on Tuesday. The company has a debt-to-equity ratio of 0.33, a quick ratio of 2.96 and a current ratio of 3.32. Peloton has a twelve month low of $17.70 and a twelve month high of $61.39. The business has a 50-day moving average price of $48.59 and a 200 day moving average price of $34.18.
Peloton (NASDAQ:PTON) last announced its quarterly earnings results on Wednesday, May 6th. The company reported ($0.20) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.18) by ($0.02). Peloton had a negative net margin of 14.44% and a negative return on equity of 20.32%. The business had revenue of $524.60 million during the quarter, compared to analysts’ expectations of $491.08 million. The business’s revenue was up 65.6% on a year-over-year basis. As a group, equities analysts expect that Peloton will post -0.55 EPS for the current fiscal year.
In other Peloton news, major shareholder Woodson Capital Management, Lp bought 150,000 shares of the company’s stock in a transaction that occurred on Monday, May 4th. The shares were purchased at an average price of $36.98 per share, with a total value of $5,547,000.00. Also, major shareholder Corp Comcast sold 5,200,000 shares of the stock in a transaction on Thursday, April 16th. The shares were sold at an average price of $34.21, for a total value of $177,892,000.00. The disclosure for this sale can be found here. Insiders have sold 5,724,264 shares of company stock worth $201,567,618 in the last ninety days.
Large investors have recently bought and sold shares of the stock. Adirondack Trust Co. increased its holdings in Peloton by 245.0% in the first quarter. Adirondack Trust Co. now owns 1,035 shares of the company’s stock valued at $27,000 after buying an additional 735 shares during the last quarter. Pathstone Family Office LLC purchased a new position in Peloton in the first quarter valued at $27,000. CWM LLC increased its holdings in Peloton by 265.2% in the first quarter. CWM LLC now owns 1,446 shares of the company’s stock valued at $38,000 after buying an additional 1,050 shares during the last quarter. Advisor Group Inc. boosted its stake in Peloton by 49.4% in the fourth quarter. Advisor Group Inc. now owns 2,066 shares of the company’s stock valued at $59,000 after acquiring an additional 683 shares in the last quarter. Finally, Jacobi Capital Management LLC boosted its stake in Peloton by 12,500.0% in the first quarter. Jacobi Capital Management LLC now owns 2,520 shares of the company’s stock valued at $67,000 after acquiring an additional 2,500 shares in the last quarter. 41.42% of the stock is currently owned by hedge funds and other institutional investors.
Peloton Company Profile
Peloton Interactive, Inc provides interactive fitness products in North America. It offers connected fitness products, such as the Peloton Bike and the Peloton Tread, which include touchscreen that streams live and on-demand classes. The company also provides connected fitness subscriptions for multiple household users, and access to all live and on-demand classes, as well as Peloton Digital app for connected fitness subscribers to provide access to its classes.
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