Peloton Interactive’s (PTON) “Hold” Rating Reiterated at Needham & Company LLC

Peloton Interactive (NASDAQ:PTON)‘s stock had its “hold” rating reiterated by research analysts at Needham & Company LLC in a research note issued on Friday, Benzinga reports.

Several other research firms have also commented on PTON. TD Cowen boosted their price target on Peloton Interactive from $3.00 to $4.00 and gave the stock a “hold” rating in a research report on Friday, August 23rd. JPMorgan Chase & Co. downgraded shares of Peloton Interactive from an “overweight” rating to a “neutral” rating and reduced their target price for the stock from $7.00 to $5.00 in a report on Friday, August 23rd. BMO Capital Markets restated a “market perform” rating and issued a $6.50 price target on shares of Peloton Interactive in a report on Tuesday, October 1st. Roth Mkm increased their target price on shares of Peloton Interactive from $5.00 to $6.00 and gave the company a “buy” rating in a research report on Friday, August 23rd. Finally, Morgan Stanley lifted their price target on shares of Peloton Interactive from $2.50 to $3.50 and gave the stock an “equal weight” rating in a report on Friday, August 23rd. One analyst has rated the stock with a sell rating, sixteen have issued a hold rating and two have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $6.05.

Peloton Interactive Trading Down 14.7 %

Shares of PTON stock opened at $7.25 on Friday. Peloton Interactive has a twelve month low of $2.70 and a twelve month high of $8.92. The stock has a fifty day simple moving average of $5.11 and a two-hundred day simple moving average of $4.07. The stock has a market capitalization of $2.73 billion, a price-to-earnings ratio of -6.78 and a beta of 1.92.

Peloton Interactive (NASDAQ:PTON) last issued its earnings results on Thursday, October 31st. The company reported ($0.16) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.15) by ($0.01). The business had revenue of $586.00 million for the quarter, compared to the consensus estimate of $572.97 million. During the same quarter last year, the firm posted ($0.44) EPS. Peloton Interactive’s quarterly revenue was down 1.6% compared to the same quarter last year. Research analysts predict that Peloton Interactive will post -0.65 EPS for the current fiscal year.

Insider Buying and Selling

In other Peloton Interactive news, insider Nick V. Caldwell acquired 31,337 shares of the firm’s stock in a transaction on Friday, August 23rd. The stock was acquired at an average cost of $4.25 per share, for a total transaction of $133,182.25. Following the purchase, the insider now owns 31,337 shares in the company, valued at approximately $133,182.25. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, insider Nick V. Caldwell acquired 31,337 shares of Peloton Interactive stock in a transaction on Friday, August 23rd. The stock was acquired at an average price of $4.25 per share, for a total transaction of $133,182.25. Following the purchase, the insider now owns 31,337 shares of the company’s stock, valued at approximately $133,182.25. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CAO Saqib Baig sold 50,000 shares of Peloton Interactive stock in a transaction that occurred on Friday, August 23rd. The shares were sold at an average price of $4.88, for a total value of $244,000.00. Following the transaction, the chief accounting officer now owns 87,014 shares of the company’s stock, valued at approximately $424,628.32. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 167,880 shares of company stock worth $815,767. 1.34% of the stock is owned by company insiders.

Institutional Trading of Peloton Interactive

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Russell Investments Group Ltd. boosted its stake in shares of 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 acquiring an additional 392,141 shares in the last quarter. Select Equity Group L.P. purchased a new position in Peloton Interactive during the second quarter worth approximately $1,832,000. The Manufacturers Life Insurance Company grew 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 period. Vanguard Group Inc. increased its position in shares of Peloton Interactive by 4.0% in the first quarter. Vanguard Group Inc. now owns 31,554,832 shares of the company’s stock valued at $135,212,000 after buying an additional 1,215,397 shares in the last quarter. Finally, Swiss National Bank lifted its position in shares of Peloton Interactive by 1.2% during the 1st quarter. Swiss National Bank now owns 642,200 shares of the company’s stock valued at $2,752,000 after buying an additional 7,600 shares in the last quarter. Institutional investors and hedge funds 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.