Sanford C. Bernstein Raises Peloton Interactive (NASDAQ:PTON) Price Target to $4.25

Peloton Interactive (NASDAQ:PTON) had its target price lifted by Sanford C. Bernstein from $3.80 to $4.25 in a research note released on Friday morning, Benzinga reports. They currently have a market perform rating on the stock.

Several other research analysts also recently issued reports on PTON. The Goldman Sachs Group dropped their target price on shares of Peloton Interactive from $5.75 to $3.50 and set a neutral rating on the stock in a research note on Friday, May 3rd. Macquarie reaffirmed a neutral rating and issued a $2.53 price objective on shares of Peloton Interactive in a research report on Thursday. Needham & Company LLC reissued a hold rating on shares of Peloton Interactive in a report on Thursday. JMP Securities reaffirmed a market perform rating on shares of Peloton Interactive in a report on Tuesday, July 2nd. Finally, BMO Capital Markets reduced their price objective on Peloton Interactive from $7.50 to $6.50 and set a market perform rating for the company in a report on Friday, May 3rd. Two equities research analysts have rated the stock with a sell rating, eighteen have issued a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of Hold and an average target price of $4.53.

Peloton Interactive Trading Up 6.4 %

Shares of NASDAQ:PTON opened at $4.84 on Friday. The stock has a fifty day simple moving average of $3.48 and a two-hundred day simple moving average of $3.78. Peloton Interactive has a 12-month low of $2.70 and a 12-month high of $7.24. The stock has a market capitalization of $1.79 billion, a price-to-earnings ratio of -2.29 and a beta of 2.02.

Peloton Interactive (NASDAQ:PTON) last issued its quarterly earnings results on Thursday, August 22nd. The company reported ($0.08) earnings per share for the quarter, beating the consensus estimate of ($0.18) by $0.10. The company had revenue of $644.00 million for the quarter, compared to the consensus estimate of $633.00 million. Peloton Interactive’s revenue was up .3% compared to the same quarter last year. During the same quarter in the previous year, the business earned ($0.68) earnings per share. As a group, equities research analysts predict that Peloton Interactive will post -1.63 EPS for the current year.

Insider Activity

In related news, CFO Elizabeth F. Coddington sold 8,923 shares of the firm’s stock in a transaction on Friday, June 14th. The stock was sold at an average price of $3.68, for a total value of $32,836.64. Following the transaction, the chief financial officer now directly owns 186,466 shares of the company’s stock, valued at approximately $686,194.88. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. In related news, CFO Elizabeth F. Coddington sold 8,923 shares of the stock in a transaction that occurred on Friday, June 14th. The shares were sold at an average price of $3.68, for a total value of $32,836.64. Following the completion of the sale, the chief financial officer now directly owns 186,466 shares of the company’s stock, valued at approximately $686,194.88. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Karen Boone sold 14,841 shares of the firm’s stock in a transaction that occurred on Monday, July 1st. The stock was sold at an average price of $3.31, for a total transaction of $49,123.71. Following the sale, the chief executive officer now owns 116,171 shares in the company, valued at approximately $384,526.01. The disclosure for this sale can be found here. Insiders sold a total of 53,813 shares of company stock valued at $187,715 in the last 90 days. Company insiders own 3.28% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of PTON. Algert Global LLC purchased a new position in shares of Peloton Interactive in the second quarter valued at about $113,000. Clearline Capital LP bought a new stake in Peloton Interactive during the 2nd quarter valued at approximately $7,527,000. Susquehanna Fundamental Investments LLC purchased a new position in Peloton Interactive in the 2nd quarter worth approximately $190,000. Select Equity Group L.P. bought a new position in Peloton Interactive in the 2nd quarter worth approximately $1,832,000. Finally, The Manufacturers Life Insurance Company grew its holdings in Peloton Interactive by 253.7% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 181,589 shares of the company’s stock valued at $614,000 after buying an additional 130,242 shares in the last quarter. Institutional investors own 77.01% of the company’s stock.

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.