Peloton Interactive (NASDAQ:PTON – Get Free Report) had its price objective reduced by investment analysts at Truist Financial from $7.00 to $6.00 in a note issued to investors on Friday, Benzinga reports. The brokerage presently has a “hold” rating on the stock. Truist Financial’s price objective indicates a potential upside of 41.51% from the stock’s current price.
Several other analysts have also recently commented on PTON. The Goldman Sachs Group reduced their price objective on shares of Peloton Interactive from $6.50 to $5.75 and set a “neutral” rating for the company in a research note on Friday. JPMorgan Chase & Co. cut their target price on shares of Peloton Interactive from $12.00 to $10.00 and set an “overweight” rating for the company in a research report on Thursday, October 19th. Canaccord Genuity Group cut shares of Peloton Interactive from a “buy” rating to a “hold” rating and set a $5.00 target price for the company. in a research report on Thursday, November 2nd. Canaccord Genuity Group restated a “hold” rating on shares of Peloton Interactive in a research report on Thursday, November 2nd. Finally, Evercore ISI lowered their price target on shares of Peloton Interactive from $7.00 to $6.00 and set an “in-line” rating for the company in a report on Thursday, October 5th. Three research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $7.73.
Check Out Our Latest Stock Report on PTON
Peloton Interactive Stock Performance
PTON stock opened at $4.24 on Friday. Peloton Interactive has a one year low of $4.10 and a one year high of $17.83. The stock has a market capitalization of $1.53 billion, a PE ratio of -1.73 and a beta of 2.04. The company has a fifty day moving average of $5.89 and a 200-day moving average of $5.98.
Peloton Interactive (NASDAQ:PTON – Get Free Report) last announced its quarterly earnings data on Thursday, February 1st. The company reported ($0.54) EPS for the quarter, beating the consensus estimate of ($0.55) by $0.01. The company had revenue of $743.60 million during the quarter, compared to analyst estimates of $733.17 million. During the same quarter last year, the business earned ($0.98) EPS. The firm’s revenue for the quarter was down 6.2% on a year-over-year basis. Equities analysts forecast that Peloton Interactive will post -1.59 earnings per share for the current fiscal year.
Insider Transactions at Peloton Interactive
In other news, Director Karen Boone sold 50,000 shares of the company’s stock in a transaction dated Thursday, February 1st. The shares were sold at an average price of $4.33, for a total transaction of $216,500.00. Following the completion of the transaction, the director now owns 34,966 shares in the company, valued at $151,402.78. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 3.28% of the company’s stock.
Institutional Investors Weigh In On Peloton Interactive
A number of institutional investors and hedge funds have recently bought and sold shares of the business. Banque Cantonale Vaudoise lifted its stake in Peloton Interactive by 176.2% during the second quarter. Banque Cantonale Vaudoise now owns 4,184 shares of the company’s stock valued at $32,000 after buying an additional 2,669 shares in the last quarter. Covestor Ltd lifted its stake in Peloton Interactive by 1,054.2% during the first quarter. Covestor Ltd now owns 1,385 shares of the company’s stock valued at $37,000 after buying an additional 1,265 shares in the last quarter. ICA Group Wealth Management LLC purchased a new stake in Peloton Interactive during the fourth quarter valued at about $39,000. Headlands Technologies LLC purchased a new stake in shares of Peloton Interactive in the second quarter worth approximately $40,000. Finally, American International Group Inc. lifted its position in shares of Peloton Interactive by 84.8% in the second quarter. American International Group Inc. now owns 5,730 shares of the company’s stock worth $44,000 after purchasing an additional 2,629 shares in the last quarter. 79.96% of the stock is owned by institutional investors and hedge funds.
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.
Further Reading
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Source: defenseworld.net
