Peloton Interactive (NASDAQ:PTON – Get Free Report) was upgraded by investment analysts at Wall Street Zen from a “hold” rating to a “buy” rating in a report issued on Saturday.
Several other equities analysts have also recently commented on PTON. Truist Financial cut their target price on shares of Peloton Interactive from $12.00 to $9.00 and set a “buy” rating for the company in a research note on Friday, February 6th. Weiss Ratings upgraded shares of Peloton Interactive from a “sell (e+)” rating to a “sell (d)” rating in a report on Monday, May 11th. Citigroup cut their price objective on shares of Peloton Interactive from $8.25 to $5.00 and set a “neutral” rating for the company in a research report on Thursday, February 12th. Argus cut shares of Peloton Interactive from a “buy” rating to a “hold” rating in a research note on Tuesday, February 10th. Finally, UBS Group reissued a “buy” rating on shares of Peloton Interactive in a research report on Tuesday, February 3rd. Five research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $8.25.
Check Out Our Latest Research Report on PTON
Peloton Interactive Price Performance
Peloton Interactive (NASDAQ:PTON – Get Free Report) last announced its earnings results on Thursday, May 7th. The company reported $0.06 EPS for the quarter, missing the consensus estimate of $0.07 by ($0.01). Peloton Interactive had a negative return on equity of 6.95% and a net margin of 0.94%.The firm had revenue of $630.90 million during the quarter, compared to the consensus estimate of $618.25 million. During the same quarter last year, the business earned ($0.12) EPS. The business’s revenue was up 1.1% compared to the same quarter last year. As a group, equities analysts expect that Peloton Interactive will post 0.12 EPS for the current fiscal year.
Insider Activity
In other news, CAO Saqib Baig sold 30,918 shares of the company’s stock in a transaction dated Tuesday, February 17th. The shares were sold at an average price of $4.14, for a total value of $128,000.52. Following the sale, the chief accounting officer owned 219,781 shares of the company’s stock, valued at approximately $909,893.34. This represents a 12.33% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Jennifer Cunningham Cotter sold 154,497 shares of the business’s stock in a transaction on Friday, February 20th. The stock was sold at an average price of $4.41, for a total value of $681,331.77. Following the completion of the transaction, the insider directly owned 100,269 shares in the company, valued at approximately $442,186.29. This represents a 60.64% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders sold 949,584 shares of company stock valued at $4,048,638. 1.30% of the stock is owned by company insiders.
Institutional Investors Weigh In On Peloton Interactive
A number of institutional investors and hedge funds have recently made changes to their positions in PTON. Royal Bank of Canada grew its position in shares of Peloton Interactive by 342.6% during the 1st quarter. Royal Bank of Canada now owns 616,367 shares of the company’s stock worth $3,896,000 after buying an additional 477,106 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in Peloton Interactive by 2.4% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 290,981 shares of the company’s stock valued at $1,839,000 after buying an additional 6,921 shares during the period. NewEdge Advisors LLC boosted its stake in Peloton Interactive by 3,132.6% in the first quarter. NewEdge Advisors LLC now owns 15,549 shares of the company’s stock valued at $98,000 after acquiring an additional 15,068 shares during the last quarter. Goldman Sachs Group Inc. grew its holdings in Peloton Interactive by 27.1% during the 1st quarter. Goldman Sachs Group Inc. now owns 7,056,642 shares of the company’s stock worth $44,598,000 after acquiring an additional 1,503,680 shares during the period. Finally, Caxton Associates LLP acquired a new stake in Peloton Interactive during the 1st quarter worth $282,000. Institutional investors own 77.01% of the company’s stock.
Peloton Interactive Company Profile
Peloton Interactive, Inc operates a digital fitness platform that combines connected exercise equipment with live and on-demand workout classes. The company’s core products include stationary bikes (Peloton Bike and Bike+), treadmills (Peloton Tread and Tread+), and the Peloton Row. Each device integrates a touchscreen display that streams instructor-led cycling, running, strength, yoga, meditation and other fitness classes. Peloton generates recurring revenue through subscription plans, which grant users access to its growing library of workouts, performance tracking tools and community features.
Founded in 2012 by John Foley and headquartered in New York City, Peloton set out to deliver an immersive home-fitness experience by blending hardware, software and content.
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