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

Peloton Interactive (NASDAQ:PTON) had its price target upped by analysts at The Goldman Sachs Group from $8.00 to $10.00 in a research note issued to investors on Monday,Benzinga reports. The firm currently has a “neutral” rating on the stock. The Goldman Sachs Group’s price objective suggests a potential upside of 14.42% from the company’s current price.

Other research analysts have also issued research reports about the company. JMP Securities reissued a “market perform” rating on shares of Peloton Interactive in a report on Friday, February 7th. Morgan Stanley boosted their price objective on shares of Peloton Interactive from $3.50 to $5.00 and gave the company an “equal weight” rating in a research note on Friday, November 1st. Sanford C. Bernstein raised their target price on shares of Peloton Interactive from $4.25 to $6.50 and gave the stock a “market perform” rating in a research note on Friday, November 1st. Robert W. Baird boosted their price target on shares of Peloton Interactive from $4.75 to $8.00 and gave the stock a “neutral” rating in a research note on Friday, November 1st. Finally, Macquarie raised their price objective on shares of Peloton Interactive from $4.90 to $9.00 and gave the company a “neutral” rating in a research report on Friday, November 1st. Sixteen equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $8.38.

Peloton Interactive Price Performance

PTON stock opened at $8.74 on Monday. The company has a market cap of $3.33 billion, a price-to-earnings ratio of -11.35 and a beta of 1.95. The company has a fifty day moving average price of $8.90 and a 200 day moving average price of $6.71. Peloton Interactive has a 12 month low of $2.70 and a 12 month high of $10.90.

Peloton Interactive (NASDAQ:PTON) last announced its earnings results on Thursday, February 6th. The company reported ($0.24) earnings per share for the quarter, missing the consensus estimate of ($0.20) by ($0.04). As a group, analysts anticipate that Peloton Interactive will post -0.39 earnings per share for the current year.

Insiders Place Their Bets

In related news, CFO Elizabeth F. Coddington sold 186,462 shares of the company’s stock in a transaction that occurred 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 sale, the chief financial officer now owns 223,017 shares of the company’s stock, valued at approximately $1,690,468.86. This represents a 45.54 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Karen Boone sold 17,259 shares of the stock in a transaction on Thursday, January 2nd. The shares were sold at an average price of $8.63, for a total value of $148,945.17. Following the sale, the director now owns 244,641 shares in the company, valued at approximately $2,111,251.83. This trade represents a 6.59 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 395,813 shares of company stock worth $3,041,724. 1.34% of the stock is owned by corporate insiders.

Institutional Trading of Peloton Interactive

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Connor Clark & Lunn Investment Management Ltd. acquired a new position in Peloton Interactive in the 3rd quarter valued at about $5,724,000. Gtcr LLC acquired a new position in shares of Peloton Interactive in the third quarter valued at approximately $65,520,000. Two Sigma Advisers LP lifted its stake in shares of Peloton Interactive by 2.9% during the third quarter. Two Sigma Advisers LP now owns 7,440,900 shares of the company’s stock valued at $34,823,000 after buying an additional 206,500 shares during the period. Versor Investments LP acquired a new stake in Peloton Interactive during the third quarter worth approximately $415,000. Finally, Franklin Resources Inc. purchased a new stake in Peloton Interactive in the 3rd quarter worth approximately $505,000. 77.01% of the stock is currently 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.