Peloton Interactive (NASDAQ:PTON) Given New $10.00 Price Target at The Goldman Sachs Group

Peloton Interactive (NASDAQ:PTON) had its price target raised by The Goldman Sachs Group from $8.00 to $10.00 in a research report report published on Monday,Benzinga reports. The firm currently has a neutral rating on the stock.

A number of other brokerages also recently commented on PTON. Truist Financial boosted their target price on shares of Peloton Interactive from $6.00 to $10.00 and gave the stock a “hold” rating in a report on Friday, November 1st. Needham & Company LLC reiterated a “hold” rating on shares of Peloton Interactive in a research note on Thursday, February 6th. Citigroup lowered their target price on shares of Peloton Interactive from $11.00 to $10.00 and set a “neutral” rating for the company in a research note on Monday. Bank of America raised Peloton Interactive from an “underperform” rating to a “buy” rating and upped their price target for the stock from $3.75 to $9.00 in a research report on Monday, November 4th. Finally, Morgan Stanley raised their price objective on Peloton Interactive from $3.50 to $5.00 and gave the stock an “equal weight” rating in a research report on Friday, November 1st. Sixteen investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, Peloton Interactive presently has a consensus rating of “Hold” and a consensus target price of $7.93.

Peloton Interactive Stock Performance

NASDAQ:PTON opened at $8.57 on Monday. The firm has a 50-day simple moving average of $8.92 and a 200-day simple moving average of $6.68. Peloton Interactive has a one year low of $2.70 and a one year high of $10.90. The firm has a market cap of $3.27 billion, a P/E ratio of -11.13 and a beta of 1.95.

Peloton Interactive (NASDAQ:PTON) last posted its earnings results on Thursday, February 6th. The company reported ($0.24) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.20) by ($0.04). On average, research analysts predict that Peloton Interactive will post -0.39 EPS for the current fiscal year.

Insider Activity at Peloton Interactive

In related news, CEO Karen Boone sold 16,925 shares of the firm’s stock in a transaction dated Thursday, December 5th. The stock was sold at an average price of $9.64, for a total transaction of $163,157.00. Following the sale, the chief executive officer now directly owns 228,217 shares of the company’s stock, valued at $2,200,011.88. This trade represents a 6.90 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Andrew S. Rendich sold 138,391 shares of the business’s stock in a transaction that occurred on Monday, November 18th. The shares were sold at an average price of $7.51, for a total value of $1,039,316.41. Following the completion of the transaction, the insider now directly owns 287,973 shares of the company’s stock, valued at $2,162,677.23. The trade was a 32.46 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 395,813 shares of company stock worth $3,041,724 over the last quarter. Insiders own 1.34% of the company’s stock.

Hedge Funds Weigh In On Peloton Interactive

Several institutional investors have recently made changes to their positions in PTON. R Squared Ltd acquired a new position in shares of Peloton Interactive in the fourth quarter worth about $28,000. Point72 Asia Singapore Pte. Ltd. increased its stake in shares of Peloton Interactive by 31.9% in the 3rd quarter. Point72 Asia Singapore Pte. Ltd. now owns 6,605 shares of the company’s stock valued at $31,000 after purchasing an additional 1,597 shares in the last quarter. SBI Securities Co. Ltd. acquired a new position in Peloton Interactive in the 4th quarter worth about $69,000. Jones Financial Companies Lllp boosted its position in Peloton Interactive by 33.9% during the fourth quarter. Jones Financial Companies Lllp now owns 9,496 shares of the company’s stock worth $83,000 after purchasing an additional 2,403 shares in the last quarter. Finally, Matauro LLC acquired a new stake in Peloton Interactive in the fourth quarter valued at approximately $90,000. 77.01% of the stock is owned by hedge funds and other institutional investors.

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.