JMP Securities Reaffirms Market Perform Rating for Peloton Interactive (NASDAQ:PTON)

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

Other equities research analysts also recently issued research reports about the company. Robert W. Baird increased their price objective on Peloton Interactive from $4.75 to $8.00 and gave the company a “neutral” 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. Morgan Stanley raised their target price on Peloton Interactive from $3.50 to $5.00 and gave the stock an “equal weight” rating in a research report on Friday, November 1st. Telsey Advisory Group reissued a “market perform” rating and set a $11.00 price objective on shares of Peloton Interactive in a research report on Monday, February 3rd. Finally, BMO Capital Markets lifted their price objective on Peloton Interactive from $6.50 to $8.50 and gave the company a “market perform” rating in a research report on Monday, November 4th. Sixteen investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $7.10.

Peloton Interactive Price Performance

Shares of PTON stock opened at $8.37 on Friday. Peloton Interactive has a 12-month low of $2.70 and a 12-month high of $10.90. The firm has a market capitalization of $3.19 billion, a price-to-earnings ratio of -10.87 and a beta of 1.95. The business has a 50 day simple moving average of $8.92 and a 200 day simple moving average of $6.65.

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

Insider Buying and Selling at Peloton Interactive

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

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the stock. AQR Capital Management LLC increased its holdings in Peloton Interactive by 689.6% in the second quarter. AQR Capital Management LLC now owns 123,736 shares of the company’s stock valued at $418,000 after purchasing an additional 108,065 shares during the last quarter. The Manufacturers Life Insurance Company increased its holdings in Peloton Interactive by 253.7% in the second quarter. The Manufacturers Life Insurance Company now owns 181,589 shares of the company’s stock valued at $614,000 after purchasing an additional 130,242 shares during the last quarter. Algert Global LLC bought a new stake in Peloton Interactive in the second quarter valued at about $113,000. Cubist Systematic Strategies LLC increased its holdings in shares of Peloton Interactive by 99.8% in the second quarter. Cubist Systematic Strategies LLC now owns 56,208 shares of the company’s stock worth $190,000 after acquiring an additional 28,070 shares in the last quarter. Finally, Wedmont Private Capital bought a new stake in shares of Peloton Interactive in the third quarter worth about $77,000. 77.01% of the stock is currently 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.