Peloton Interactive (NASDAQ:PTON)‘s stock had its “neutral” rating restated by research analysts at Bank of America in a research report issued on Tuesday, Fintech Zoom reports. They presently have a $100.00 target price on the stock, down from their previous target price of $150.00. Bank of America‘s target price would suggest a potential upside of 14.30% from the company’s current price.
Several other brokerages have also recently issued reports on PTON. Raymond James cut Peloton Interactive from an “outperform” rating to a “market perform” rating in a research note on Friday, February 5th. Zacks Investment Research cut shares of Peloton Interactive from a “buy” rating to a “hold” rating in a research report on Saturday, January 23rd. Roth Capital lowered shares of Peloton Interactive to a “buy” rating and reduced their price target for the stock from $165.00 to $105.00 in a research report on Friday. Wolfe Research initiated coverage on Peloton Interactive in a research report on Wednesday, March 31st. They set a “peer perform” rating and a $110.00 price objective for the company. Finally, Argus boosted their target price on shares of Peloton Interactive from $140.00 to $180.00 and gave the stock a “buy” rating in a research note on Wednesday, February 17th. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating and twenty-three have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus price target of $140.91.
NASDAQ:PTON opened at $87.49 on Tuesday. The stock has a 50 day simple moving average of $106.15 and a 200 day simple moving average of $124.54. Peloton Interactive has a 1-year low of $38.80 and a 1-year high of $171.09. The stock has a market cap of $25.77 billion, a P/E ratio of 1,249.86 and a beta of 0.87.
Peloton Interactive (NASDAQ:PTON) last announced its earnings results on Thursday, May 6th. The company reported ($0.03) earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.11) by $0.08. Peloton Interactive had a net margin of 2.01% and a return on equity of 2.90%. The company had revenue of $1.26 billion during the quarter, compared to analysts’ expectations of $1.12 billion. During the same quarter in the previous year, the business posted ($0.20) earnings per share. Peloton Interactive’s quarterly revenue was up 140.6% on a year-over-year basis. As a group, equities research analysts predict that Peloton Interactive will post 0.45 earnings per share for the current fiscal year.
In other Peloton Interactive news, Director Howard C. Draft sold 15,000 shares of the company’s stock in a transaction dated Monday, April 19th. The stock was sold at an average price of $107.38, for a total value of $1,610,700.00. Following the transaction, the director now directly owns 268,751 shares in the company, valued at approximately $28,858,482.38. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, President William Lynch sold 28,333 shares of Peloton Interactive stock in a transaction dated Wednesday, April 14th. The shares were sold at an average price of $119.17, for a total value of $3,376,443.61. Following the sale, the president now owns 32,533 shares of the company’s stock, valued at approximately $3,876,957.61. The disclosure for this sale can be found here. Insiders have sold a total of 483,161 shares of company stock worth $55,938,602 in the last ninety days. 16.50% of the stock is currently owned by insiders.
A number of institutional investors have recently made changes to their positions in the business. First Quadrant L P CA bought a new position in shares of Peloton Interactive in the 1st quarter worth $25,000. Eudaimonia Partners LLC purchased a new position in Peloton Interactive in the fourth quarter worth $29,000. Meeder Asset Management Inc. increased its stake in Peloton Interactive by 111.7% in the first quarter. Meeder Asset Management Inc. now owns 254 shares of the company’s stock valued at $29,000 after acquiring an additional 134 shares during the last quarter. Signet Investment Advisory Group Inc. bought a new position in Peloton Interactive in the fourth quarter valued at $30,000. Finally, Arkadios Wealth Advisors raised its position in Peloton Interactive by 143.5% during the first quarter. Arkadios Wealth Advisors now owns 280 shares of the company’s stock valued at $31,000 after purchasing an additional 165 shares in the last quarter. Institutional investors and hedge funds own 61.13% of the company’s stock.
About Peloton Interactive
Peloton Interactive, Inc provides interactive fitness products in North America and internationally. It offers connected fitness products, such as the Peloton Bike and the Peloton Tread, which include touchscreen that streams live and on-demand classes. The company also provides connected fitness subscriptions for multiple household users, and access to all live and on-demand classes, as well as Peloton Digital app for connected fitness subscribers to provide access to its classes.
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