Peloton Interactive (NASDAQ:PTON) Stock Price Expected to Rise, Sanford C. Bernstein Analyst Says

Peloton Interactive (NASDAQ:PTON) had its price objective upped by Sanford C. Bernstein from $4.25 to $6.50 in a report released on Friday, Benzinga reports. The brokerage presently has a “market perform” rating on the stock. Sanford C. Bernstein’s price objective would indicate a potential downside of 10.34% from the company’s previous close.

Several other research analysts have also recently commented on PTON. Truist Financial boosted their price target on Peloton Interactive from $6.00 to $10.00 and gave the stock a “hold” rating in a research note on Friday. Telsey Advisory Group upped their target price on Peloton Interactive from $5.00 to $9.00 and gave the company a “market perform” rating in a research report on Friday. TD Cowen increased their target price on Peloton Interactive from $3.00 to $4.00 and gave the company a “hold” rating in a research note on Friday, August 23rd. BMO Capital Markets restated a “market perform” rating and issued a $6.50 price target on shares of Peloton Interactive in a research note on Tuesday, October 1st. Finally, JMP Securities reiterated a “market perform” rating on shares of Peloton Interactive in a research note on Thursday, October 3rd. One investment analyst has rated the stock with a sell rating, sixteen have assigned a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Peloton Interactive currently has an average rating of “Hold” and a consensus price target of $6.05.

Peloton Interactive Stock Performance

Peloton Interactive stock opened at $7.25 on Friday. The firm has a market capitalization of $2.73 billion, a PE ratio of -6.78 and a beta of 1.92. Peloton Interactive has a one year low of $2.70 and a one year high of $8.92. The stock’s 50 day moving average price is $5.11 and its 200 day moving average price is $4.07.

Peloton Interactive (NASDAQ:PTON) last posted its earnings results on Thursday, October 31st. The company reported ($0.16) EPS for the quarter, missing analysts’ consensus estimates of ($0.15) by ($0.01). The firm had revenue of $586.00 million for the quarter, compared to analyst estimates of $572.97 million. The company’s quarterly revenue was down 1.6% on a year-over-year basis. During the same quarter in the prior year, the firm posted ($0.44) earnings per share. On average, analysts forecast that Peloton Interactive will post -0.65 earnings per share for the current fiscal year.

Insider Transactions at Peloton Interactive

In related news, CEO Chris Bruzzo sold 24,977 shares of the business’s stock in a transaction that occurred on Friday, October 18th. The stock was sold at an average price of $5.80, for a total transaction of $144,866.60. Following the completion of the transaction, the chief executive officer now owns 149,240 shares in the company, valued at $865,592. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In related news, CEO Chris Bruzzo sold 24,977 shares of the stock in a transaction dated Friday, October 18th. The shares were sold at an average price of $5.80, for a total value of $144,866.60. Following the sale, the chief executive officer now owns 149,240 shares of the company’s stock, valued at $865,592. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Elizabeth F. Coddington sold 56,084 shares of Peloton Interactive stock in a transaction dated Tuesday, September 3rd. The shares were sold at an average price of $4.50, for a total transaction of $252,378.00. Following the completion of the sale, the chief financial officer now owns 186,466 shares in the company, valued at approximately $839,097. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 167,880 shares of company stock worth $815,767. 1.34% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Peloton Interactive

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. First Trust Direct Indexing L.P. bought a new stake in shares of Peloton Interactive during the first quarter valued at about $94,000. Manchester Capital Management LLC raised its position in shares of Peloton Interactive by 105.4% during the 1st quarter. Manchester Capital Management LLC now owns 235,000 shares of the company’s stock worth $1,007,000 after buying an additional 120,600 shares in the last quarter. Swiss National Bank lifted its stake in shares of Peloton Interactive by 1.2% in the 1st quarter. Swiss National Bank now owns 642,200 shares of the company’s stock worth $2,752,000 after acquiring an additional 7,600 shares during the period. Sfmg LLC bought a new position in shares of Peloton Interactive in the first quarter valued at approximately $103,000. Finally, Russell Investments Group Ltd. increased its stake in shares of Peloton Interactive by 25,397.7% during the first quarter. Russell Investments Group Ltd. now owns 393,685 shares of the company’s stock valued at $1,687,000 after acquiring an additional 392,141 shares during the period. 77.01% of the stock is owned by institutional investors.

Peloton Interactive Company Profile

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.