Peloton Interactive’s (PTON) “Neutral” Rating Reiterated at Macquarie

Peloton Interactive (NASDAQ:PTON)‘s stock had its “neutral” rating reiterated by stock analysts at Macquarie in a research report issued on Monday,Benzinga reports. They currently have a $9.00 price target on the stock. Macquarie’s target price indicates a potential upside of 2.97% from the company’s previous close.

Other equities research analysts have also issued research reports about the stock. Needham & Company LLC reissued a “hold” rating on shares of Peloton Interactive in a research report on Thursday, February 6th. JPMorgan Chase & Co. increased 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. Truist Financial increased their price objective on shares of Peloton Interactive from $6.00 to $10.00 and gave the stock a “hold” rating in a research report on Friday, November 1st. Bank of America raised shares of Peloton Interactive from an “underperform” rating to a “buy” rating and lifted their price target for the stock from $3.75 to $9.00 in a research note on Monday, November 4th. Finally, Morgan Stanley boosted their target price on shares of 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 equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $8.38.

Peloton Interactive Stock Up 2.0 %

NASDAQ:PTON opened at $8.74 on Monday. The company has a market cap of $3.33 billion, a P/E ratio of -11.35 and a beta of 1.95. Peloton Interactive has a fifty-two week low of $2.70 and a fifty-two week high of $10.90. The firm’s 50 day moving average is $8.90 and its two-hundred day moving average is $6.71.

Peloton Interactive (NASDAQ:PTON) last released its quarterly earnings data on Thursday, February 6th. The company reported ($0.24) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.20) by ($0.04). Research analysts forecast that Peloton Interactive will post -0.39 earnings per share for the current fiscal year.

Insider Activity

In other Peloton Interactive news, CAO Saqib Baig sold 36,776 shares of the business’s stock in a transaction that occurred on Monday, November 18th. The shares were sold at an average price of $7.53, 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 $1,034,298.21. The trade was a 21.12 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO Karen Boone sold 16,925 shares of the business’s stock in a transaction that occurred on Thursday, December 5th. The stock was sold at an average price of $9.64, for a total transaction of $163,157.00. Following the completion of the sale, the chief executive officer now directly owns 228,217 shares of the company’s stock, valued at $2,200,011.88. This represents a 6.90 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 395,813 shares of company stock worth $3,041,724 over the last 90 days. 1.34% of the stock is owned by company insiders.

Institutional Trading of Peloton Interactive

Several large investors have recently added to or reduced their stakes in the business. Connor Clark & Lunn Investment Management Ltd. bought a new stake in shares of Peloton Interactive during the 3rd quarter worth $5,724,000. Gtcr LLC acquired a new position in Peloton Interactive during the 3rd quarter valued at $65,520,000. Two Sigma Advisers LP raised its stake in shares of Peloton Interactive by 2.9% in the 3rd 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 in the last quarter. Versor Investments LP acquired a new position in shares of Peloton Interactive in the 3rd quarter valued at $415,000. Finally, Franklin Resources Inc. acquired a new position in shares of Peloton Interactive in the 3rd quarter valued at $505,000. 77.01% of the stock is owned by 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.