Peloton Interactive (NASDAQ:PTON) Receives “Market Perform” Rating from BMO Capital Markets

Peloton Interactive (NASDAQ:PTON)‘s stock had its “market perform” rating reiterated by research analysts at BMO Capital Markets in a research report issued to clients and investors on Tuesday, Benzinga reports. They presently have a $6.50 price objective on the stock. BMO Capital Markets’ price objective points to a potential upside of 49.08% from the stock’s current price.

A number of other brokerages have also recently commented on PTON. Robert W. Baird increased their price objective on shares of Peloton Interactive from $4.00 to $4.75 and gave the company a “neutral” rating in a research note on Monday, August 26th. Needham & Company LLC reaffirmed a “hold” rating on shares of Peloton Interactive in a research note on Thursday, August 22nd. Wolfe Research assumed coverage on shares of Peloton Interactive in a research note on Tuesday, July 16th. They set a “peer perform” rating on the stock. JMP Securities reaffirmed a “market perform” rating on shares of Peloton Interactive in a research note on Tuesday, July 2nd. Finally, Roth Mkm raised their price target on shares of Peloton Interactive from $5.00 to $6.00 and gave the stock a “buy” rating in a research note on Friday, August 23rd. One research analyst has rated the stock with a sell rating, eighteen have issued a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $4.60.

Peloton Interactive Stock Performance

NASDAQ PTON traded down $0.32 during trading hours on Tuesday, reaching $4.36. The company’s stock had a trading volume of 6,004,003 shares, compared to its average volume of 15,708,502. The stock has a market cap of $1.64 billion, a PE ratio of -2.08 and a beta of 2.04. Peloton Interactive has a fifty-two week low of $2.70 and a fifty-two week high of $7.24. The company’s 50-day moving average is $4.05 and its two-hundred day moving average is $3.80.

Peloton Interactive (NASDAQ:PTON) last issued its quarterly earnings data on Thursday, August 22nd. The company reported ($0.08) EPS for the quarter, beating analysts’ consensus estimates of ($0.18) by $0.10. The business had revenue of $644.00 million during the quarter, compared to analyst estimates of $633.00 million. Peloton Interactive’s revenue was up .3% on a year-over-year basis. During the same period in the previous year, the company posted ($0.68) earnings per share. Equities analysts expect that Peloton Interactive will post -0.47 earnings per share for the current fiscal year.

Insider Activity at Peloton Interactive

In other Peloton Interactive news, CFO Elizabeth F. Coddington sold 36,819 shares of the stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of $4.74, for a total value of $174,522.06. Following the completion of the sale, the chief financial officer now owns 171,466 shares of the company’s stock, valued at $812,748.84. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, CEO Chris Bruzzo sold 15,113 shares of the firm’s stock in a transaction that occurred on Thursday, August 1st. The shares were sold at an average price of $3.42, for a total transaction of $51,686.46. Following the completion of the sale, the chief executive officer now owns 97,433 shares of the company’s stock, valued at $333,220.86. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Elizabeth F. Coddington sold 36,819 shares of the firm’s stock in a transaction that occurred on Monday, September 16th. The stock was sold at an average price of $4.74, for a total transaction of $174,522.06. Following the sale, the chief financial officer now directly owns 171,466 shares of the company’s stock, valued at approximately $812,748.84. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 158,016 shares of company stock worth $722,587. Company insiders own 3.28% of the company’s stock.

Institutional Trading of Peloton Interactive

Hedge funds have recently made changes to their positions in the stock. Mercer Global Advisors Inc. ADV acquired a new position in Peloton Interactive in the second quarter worth $27,000. Skylands Capital LLC acquired a new position in Peloton Interactive in the second quarter worth $30,000. Nisa Investment Advisors LLC boosted its holdings in Peloton Interactive by 1,836.7% in the second quarter. Nisa Investment Advisors LLC now owns 9,490 shares of the company’s stock worth $32,000 after purchasing an additional 9,000 shares during the period. Schneider Downs Wealth Management Advisors LP acquired a new position in Peloton Interactive in the second quarter worth $35,000. Finally, CIBC Asset Management Inc acquired a new position in Peloton Interactive in the second quarter worth $35,000. Institutional investors and hedge funds 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.