Peloton Interactive (NASDAQ:PTON) Receives Market Perform Rating from JMP Securities

JMP Securities reaffirmed their market perform rating on shares of Peloton Interactive (NASDAQ:PTON) in a research note released on Thursday morning, Benzinga reports.

Several other brokerages also recently issued reports on PTON. JPMorgan Chase & Co. downgraded shares of Peloton Interactive from an overweight rating to a neutral rating and cut their price objective for the stock from $7.00 to $5.00 in a research report on Friday, August 23rd. Roth Mkm boosted their price target on Peloton Interactive from $5.00 to $6.00 and gave the company a buy rating in a research note on Friday, August 23rd. Canaccord Genuity Group upped their price objective on Peloton Interactive from $4.00 to $5.00 and gave the company a hold rating in a report on Friday, August 23rd. TD Cowen lifted their target price on Peloton Interactive from $3.00 to $4.00 and gave the stock a hold rating in a report on Friday, August 23rd. Finally, Morgan Stanley upped their price target on shares of Peloton Interactive from $2.50 to $3.50 and gave the company an equal weight rating in a research note on Friday, August 23rd. One research analyst has rated the stock with a sell rating, seventeen have assigned a hold rating and two have given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of Hold and a consensus target price of $4.52.

Peloton Interactive Stock Up 0.9 %

PTON opened at $4.70 on Thursday. The stock has a market cap of $1.74 billion, a price-to-earnings ratio of -2.23 and a beta of 2.04. Peloton Interactive has a 12-month low of $2.70 and a 12-month high of $7.24. The business has a 50 day moving average of $4.13 and a 200-day moving average of $3.81.

Peloton Interactive (NASDAQ:PTON) last released its quarterly earnings data on Thursday, August 22nd. The company reported ($0.08) EPS for the quarter, topping analysts’ consensus estimates 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. The company’s revenue for the quarter was up .3% compared to the same quarter last year. During the same period last year, the firm earned ($0.68) earnings per share. As a group, analysts expect that Peloton Interactive will post -0.65 earnings per share for the current year.

Insider Buying and Selling at Peloton Interactive

In other news, CEO Chris Bruzzo sold 15,113 shares of the business’s stock in a transaction on Thursday, August 1st. The stock was sold at an average price of $3.42, for a total transaction of $51,686.46. Following the completion of the transaction, the chief executive officer now owns 97,433 shares of the company’s stock, valued at approximately $333,220.86. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, CEO Chris Bruzzo sold 15,113 shares of the stock in a transaction that occurred on Thursday, August 1st. The shares were sold at an average price of $3.42, for a total value of $51,686.46. Following the completion of the transaction, the chief executive officer now owns 97,433 shares of the company’s stock, valued at $333,220.86. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO Elizabeth F. Coddington sold 56,084 shares of the business’s stock in a transaction on Tuesday, September 3rd. The stock was sold at an average price of $4.50, for a total transaction of $252,378.00. Following the sale, the chief financial officer now directly owns 186,466 shares in the company, valued at approximately $839,097. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 158,016 shares of company stock valued at $722,587. 3.28% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Peloton Interactive

Large investors have recently bought and sold shares of the company. Mercer Global Advisors Inc. ADV acquired a new position in shares of Peloton Interactive in the second quarter valued at approximately $27,000. Skylands Capital LLC bought a new position in shares of Peloton Interactive during the second quarter valued at $30,000. Nisa Investment Advisors LLC raised its stake in shares of Peloton Interactive by 1,836.7% during the second quarter. Nisa Investment Advisors LLC now owns 9,490 shares of the company’s stock valued at $32,000 after acquiring an additional 9,000 shares during the last quarter. Johnson & White Wealth Management LLC acquired a new position in shares of Peloton Interactive during the first quarter worth $43,000. Finally, Sheaff Brock Investment Advisors LLC acquired a new stake in Peloton Interactive in the first quarter valued at $44,000. 77.01% of the stock is currently owned by institutional investors.

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.