Peloton Interactive (NASDAQ:PTON) Shares Up 7.4%

Peloton Interactive, Inc. (NASDAQ:PTON) was up 7.4% during mid-day trading on Thursday . The company traded as high as $4.84 and last traded at $4.76. Approximately 2,513,236 shares traded hands during mid-day trading, a decline of 84% from the average daily volume of 15,863,816 shares. The stock had previously closed at $4.43.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on the stock. Needham & Company LLC restated a “hold” rating on shares of Peloton Interactive in a research report on Thursday, August 22nd. Sanford C. Bernstein boosted their price objective on Peloton Interactive from $3.80 to $4.25 and gave the company a “market perform” rating in a research report on Friday, August 23rd. Telsey Advisory Group increased their target price on Peloton Interactive from $4.00 to $5.00 and gave the stock a “market perform” rating in a research report on Friday, August 23rd. Canaccord Genuity Group boosted their price target on Peloton Interactive from $4.00 to $5.00 and gave the stock a “hold” rating in a report on Friday, August 23rd. Finally, Robert W. Baird increased their price objective on shares of Peloton Interactive from $4.00 to $4.75 and gave the company a “neutral” rating in a report on Monday, August 26th. Two investment analysts have rated the stock with a sell rating, eighteen have given a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $4.57.

Peloton Interactive Trading Up 3.2 %

The firm’s 50-day moving average price is $3.91 and its 200-day moving average price is $3.79. The stock has a market capitalization of $1.84 billion, a PE ratio of -2.32 and a beta of 2.04.

Peloton Interactive (NASDAQ:PTON) last posted its quarterly earnings data on Thursday, August 22nd. The company reported ($0.08) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.18) by $0.10. The company had revenue of $644.00 million during the quarter, compared to the consensus estimate of $633.00 million. Peloton Interactive’s revenue for the quarter was up .3% on a year-over-year basis. During the same period in the previous year, the business earned ($0.68) earnings per share. On average, equities research analysts predict that Peloton Interactive, Inc. will post -0.65 earnings per share for the current fiscal year.

Insider Activity

In related news, CEO Karen Boone sold 14,841 shares of Peloton Interactive stock in a transaction dated Monday, July 1st. The shares were sold at an average price of $3.31, for a total transaction of $49,123.71. Following the completion of the transaction, the chief executive officer now directly owns 116,171 shares of the company’s stock, valued at approximately $384,526.01. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. In other Peloton Interactive news, CEO Chris Bruzzo sold 15,113 shares of the stock in a transaction on Thursday, August 1st. The stock was sold at an average price of $3.42, for a total value of $51,686.46. Following the sale, the chief executive officer now owns 97,433 shares in the company, valued at $333,220.86. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CEO Karen Boone sold 14,841 shares of the business’s stock in a transaction on Monday, July 1st. The shares were sold at an average price of $3.31, for a total transaction of $49,123.71. Following the sale, the chief executive officer now directly owns 116,171 shares of the company’s stock, valued at $384,526.01. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 172,857 shares of company stock valued at $771,710. 3.28% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Peloton Interactive

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Charles Schwab Investment Management Inc. increased its position in shares of Peloton Interactive by 13.2% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 2,528,222 shares of the company’s stock worth $15,397,000 after acquiring an additional 295,436 shares during the period. Russell Investments Group Ltd. increased its holdings in Peloton Interactive by 25,397.7% during the 1st quarter. Russell Investments Group Ltd. now owns 393,685 shares of the company’s stock worth $1,687,000 after purchasing an additional 392,141 shares during the period. Seven Eight Capital LP bought a new stake in Peloton Interactive during the 4th quarter valued at $855,000. Private Advisor Group LLC lifted its holdings in shares of Peloton Interactive by 11.5% in the 4th quarter. Private Advisor Group LLC now owns 37,373 shares of the company’s stock worth $228,000 after buying an additional 3,855 shares during the period. Finally, Vanguard Group Inc. grew its position in shares of Peloton Interactive by 4.0% during the 1st quarter. Vanguard Group Inc. now owns 31,554,832 shares of the company’s stock worth $135,212,000 after buying an additional 1,215,397 shares in the last quarter. Institutional investors own 77.01% of the company’s stock.

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.