Peloton Interactive (NASDAQ:PTON) Stock Price Up 7.2% After Analyst Upgrade

Peloton Interactive, Inc. (NASDAQ:PTON)’s stock price shot up 7.2% during trading on Monday after Argus upgraded the stock from a hold rating to a buy rating. Argus now has a $15.00 price target on the stock. Peloton Interactive traded as high as $8.93 and last traded at $8.98. 6,117,363 shares traded hands during trading, a decline of 54% from the average session volume of 13,359,142 shares. The stock had previously closed at $8.37.

Other research analysts have also issued research reports about the company. Sanford C. Bernstein upped their price target on Peloton Interactive from $4.25 to $6.50 and gave the company a “market perform” rating in a research report on Friday, November 1st. Truist Financial upped their target price on Peloton Interactive from $6.00 to $10.00 and gave the company a “hold” rating in a report on Friday, November 1st. Robert W. Baird lifted their price target on shares of Peloton Interactive from $4.75 to $8.00 and gave the company a “neutral” rating in a report on Friday, November 1st. The Goldman Sachs Group upped their price objective on shares of Peloton Interactive from $8.00 to $10.00 and gave the stock a “neutral” rating in a report on Monday. Finally, Needham & Company LLC reaffirmed a “hold” rating on shares of Peloton Interactive in a research note on Thursday, February 6th. 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 company presently has a consensus rating of “Hold” and a consensus price target of $8.38.

Insider Buying and Selling

In other Peloton Interactive news, CEO Karen Boone sold 16,925 shares of Peloton Interactive stock in a transaction on Thursday, December 5th. The stock was sold at an average price of $9.64, for a total value of $163,157.00. Following the completion of the sale, the chief executive officer now owns 228,217 shares of the company’s stock, valued at approximately $2,200,011.88. This trade represents a 6.90 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CAO Saqib Baig sold 36,776 shares of the business’s stock in a transaction on Monday, November 18th. The stock was sold at an average price of $7.53, for a total value of $276,923.28. Following the completion of the transaction, the chief accounting officer now owns 137,357 shares of the company’s stock, valued at $1,034,298.21. This represents a 21.12 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 395,813 shares of company stock worth $3,041,724 in the last 90 days. Insiders own 1.34% of the company’s stock.

Institutional Investors Weigh In On Peloton Interactive

Large investors have recently bought and sold shares of the business. PDT Partners LLC lifted its holdings in shares of Peloton Interactive by 0.7% during the 3rd quarter. PDT Partners LLC now owns 205,573 shares of the company’s stock valued at $962,000 after buying an additional 1,373 shares during the period. Victory Capital Management Inc. lifted its holdings in Peloton Interactive by 3.8% in the fourth quarter. Victory Capital Management Inc. now owns 42,084 shares of the company’s stock valued at $366,000 after acquiring an additional 1,534 shares during the period. Point72 Asia Singapore Pte. Ltd. boosted its position in Peloton Interactive by 31.9% in the third quarter. Point72 Asia Singapore Pte. Ltd. now owns 6,605 shares of the company’s stock worth $31,000 after purchasing an additional 1,597 shares during the last quarter. Choreo LLC grew its stake in shares of Peloton Interactive by 12.3% during the 4th quarter. Choreo LLC now owns 16,832 shares of the company’s stock valued at $150,000 after purchasing an additional 1,838 shares during the period. Finally, Counterpoint Mutual Funds LLC increased its position in shares of Peloton Interactive by 2.5% during the 4th quarter. Counterpoint Mutual Funds LLC now owns 79,459 shares of the company’s stock valued at $691,000 after purchasing an additional 1,951 shares during the last quarter. 77.01% of the stock is currently owned by institutional investors.

Peloton Interactive Trading Up 2.0 %

The stock has a market cap of $3.33 billion, a P/E ratio of -11.35 and a beta of 1.95. The company’s 50 day moving average price is $8.90 and its two-hundred day moving average price is $6.71.

Peloton Interactive (NASDAQ:PTON) last released its quarterly 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). On average, sell-side analysts anticipate that Peloton Interactive, Inc. will post -0.39 earnings per share for the current year.

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.