Peloton Interactive (NASDAQ:PTON) Trading 6.4% Higher – What’s Next?

Peloton Interactive, Inc. (NASDAQ:PTON)’s share price traded up 6.4% on Thursday . The stock traded as high as $10.04 and last traded at $9.96. 3,755,931 shares changed hands during trading, a decline of 77% from the average session volume of 16,065,721 shares. The stock had previously closed at $9.36.

Analysts Set New Price Targets

Several brokerages recently issued reports on PTON. Telsey Advisory Group raised their target price on shares of Peloton Interactive from $5.00 to $9.00 and gave the company a “market perform” rating in a research note on Friday, November 1st. Sanford C. Bernstein raised their price objective 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. JPMorgan Chase & Co. lifted their target price on Peloton Interactive from $5.00 to $7.00 and gave the stock a “neutral” rating in a research note on Friday, November 1st. Macquarie increased their price target on Peloton Interactive from $4.90 to $9.00 and gave the company a “neutral” rating in a research note on Friday, November 1st. Finally, Robert W. Baird lifted their price objective on shares of Peloton Interactive from $4.75 to $8.00 and gave the stock a “neutral” rating in a research report on Friday, November 1st. Sixteen equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, Peloton Interactive has a consensus rating of “Hold” and an average price target of $6.97.

Peloton Interactive Stock Performance

The company has a market capitalization of $3.58 billion, a price-to-earnings ratio of -8.78 and a beta of 1.90. The firm has a fifty day moving average price of $8.62 and a 200-day moving average price of $5.63.

Peloton Interactive (NASDAQ:PTON) last announced its quarterly earnings data on Thursday, October 31st. The company reported ($0.16) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.15) by ($0.01). The business had revenue of $586.00 million for the quarter, compared to analysts’ expectations of $572.97 million. The firm’s quarterly revenue was down 1.6% on a year-over-year basis. During the same quarter last year, the firm earned ($0.44) EPS. On average, sell-side analysts forecast that Peloton Interactive, Inc. will post -0.38 EPS for the current fiscal year.

Insider Activity at Peloton Interactive

In other news, CAO Saqib Baig sold 36,776 shares of the company’s stock in a transaction on Monday, November 18th. The shares were sold at an average price of $7.53, for a total transaction of $276,923.28. Following the completion of 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 ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Elizabeth F. Coddington sold 186,462 shares of the firm’s stock in a transaction on Monday, November 18th. The shares were 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 directly owns 223,017 shares in the company, valued at approximately $1,690,468.86. This trade represents a 45.54 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 430,539 shares of company stock valued at $3,260,596 over the last ninety days. 1.34% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Peloton Interactive

Several large investors have recently bought and sold shares of the company. PDT Partners LLC grew its holdings in shares of Peloton Interactive by 0.7% during the third quarter. PDT Partners LLC now owns 205,573 shares of the company’s stock worth $962,000 after purchasing an additional 1,373 shares during the last quarter. Point72 Asia Singapore Pte. Ltd. increased its position in Peloton Interactive by 31.9% in the 3rd quarter. Point72 Asia Singapore Pte. Ltd. now owns 6,605 shares of the company’s stock valued at $31,000 after acquiring an additional 1,597 shares during the period. Signaturefd LLC increased its position in Peloton Interactive by 2.7% in the 2nd quarter. Signaturefd LLC now owns 113,645 shares of the company’s stock valued at $384,000 after acquiring an additional 3,032 shares during the period. Arizona State Retirement System lifted its holdings in shares of Peloton Interactive by 3.8% during the second quarter. Arizona State Retirement System now owns 92,781 shares of the company’s stock worth $314,000 after purchasing an additional 3,377 shares during the period. Finally, Kohmann Bosshard Financial Services LLC grew its stake in shares of Peloton Interactive by 50.0% in the third quarter. Kohmann Bosshard Financial Services LLC now owns 15,000 shares of the company’s stock worth $70,000 after purchasing an additional 5,000 shares during the last quarter. 77.01% of the stock is currently owned by institutional investors.

Peloton Interactive Company Profile

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.