Peloton Interactive’s (PTON) Market Perform Rating Reiterated at JMP Securities

JMP Securities restated their market perform rating on shares of Peloton Interactive (NASDAQ:PTON) in a report released on Friday,Benzinga reports.

A number of other research firms also recently commented on PTON. UBS Group raised shares of Peloton Interactive from a “sell” rating to a “neutral” rating and increased their target price for the company from $2.50 to $10.00 in a research report on Friday, December 6th. Morgan Stanley increased their target price on shares of Peloton Interactive from $3.50 to $5.00 and gave the company an “equal weight” rating in a research report on Friday, November 1st. Needham & Company LLC reaffirmed a “hold” rating on shares of Peloton Interactive in a research report on Thursday. Truist Financial increased their target price on shares of Peloton Interactive from $6.00 to $10.00 and gave the company a “hold” rating in a research report on Friday, November 1st. Finally, JPMorgan Chase & Co. raised their price objective on shares of Peloton Interactive from $5.00 to $7.00 and gave the stock a “neutral” 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 stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $7.10.

Peloton Interactive Stock Down 1.4 %

Peloton Interactive stock opened at $8.37 on Friday. The firm has a market cap of $3.19 billion, a PE ratio of -10.87 and a beta of 1.95. Peloton Interactive has a 52-week low of $2.70 and a 52-week high of $10.90. The company’s 50 day moving average is $8.92 and its two-hundred day moving average is $6.65.

Peloton Interactive (NASDAQ:PTON) last announced its quarterly earnings data 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, equities research analysts anticipate that Peloton Interactive will post -0.39 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, CFO Elizabeth F. Coddington sold 186,462 shares of Peloton Interactive stock in a transaction on Monday, November 18th. The stock was sold at an average price of $7.58, for a total value of $1,413,381.96. Following the completion of the sale, the chief financial officer now owns 223,017 shares of the company’s stock, valued at $1,690,468.86. The trade was a 45.54 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CAO Saqib Baig sold 36,776 shares of Peloton Interactive stock in a transaction on Monday, November 18th. The shares were sold at an average price of $7.53, for a total value of $276,923.28. Following the completion of the sale, the chief accounting officer now directly owns 137,357 shares of the company’s stock, valued at approximately $1,034,298.21. This represents a 21.12 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 395,813 shares of company stock valued at $3,041,724. 1.34% of the stock is owned by insiders.

Institutional Investors Weigh In On Peloton Interactive

A number of institutional investors have recently added to or reduced their stakes in the company. Gtcr LLC purchased a new stake in shares of Peloton Interactive in the third quarter worth about $65,520,000. Hennessy Advisors Inc. acquired a new position in shares of Peloton Interactive in the fourth quarter worth about $85,260,000. Two Sigma Advisers LP lifted its stake in shares of Peloton Interactive by 2.9% in the third quarter. Two Sigma Advisers LP now owns 7,440,900 shares of the company’s stock worth $34,823,000 after acquiring an additional 206,500 shares in the last quarter. Assenagon Asset Management S.A. acquired a new position in shares of Peloton Interactive in the fourth quarter worth about $39,992,000. Finally, Charles Schwab Investment Management Inc. lifted its stake in shares of Peloton Interactive by 3.5% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 4,136,182 shares of the company’s stock worth $35,985,000 after acquiring an additional 139,826 shares in the last quarter. Hedge funds and other institutional investors 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.