Sanford C. Bernstein Raises Peloton Interactive (NASDAQ:PTON) Price Target to $6.50

Peloton Interactive (NASDAQ:PTON) had its price objective increased by Sanford C. Bernstein from $4.25 to $6.50 in a report issued on Friday morning, Benzinga reports. The brokerage currently has a market perform rating on the stock.

Several other equities analysts have also issued reports on the company. Needham & Company LLC reissued a “hold” rating on shares of Peloton Interactive in a research note on Friday. Roth Mkm increased their target price on Peloton Interactive from $5.00 to $6.00 and gave the stock a “buy” rating in a research note on Friday, August 23rd. BMO Capital Markets reissued a “market perform” rating and set a $6.50 target price on shares of Peloton Interactive in a research note on Tuesday, October 1st. Robert W. Baird increased their target price on Peloton Interactive from $4.75 to $8.00 and gave the stock a “neutral” rating in a research note on Friday. Finally, Morgan Stanley increased their target price on Peloton Interactive from $3.50 to $5.00 and gave the stock an “equal weight” rating in a research note on Friday. Sixteen research analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, Peloton Interactive presently has an average rating of “Hold” and a consensus target price of $6.57.

Peloton Interactive Stock Up 3.6 %

Shares of Peloton Interactive stock opened at $7.51 on Friday. Peloton Interactive has a 52 week low of $2.70 and a 52 week high of $8.92. The business’s fifty day simple moving average is $5.17 and its 200-day simple moving average is $4.10. The firm has a market cap of $2.83 billion, a PE ratio of -7.02 and a beta of 1.92.

Peloton Interactive (NASDAQ:PTON) last announced its quarterly earnings results on Thursday, October 31st. The company reported ($0.16) EPS for the quarter, missing the consensus estimate of ($0.15) by ($0.01). The firm had revenue of $586.00 million during the quarter, compared to analyst estimates of $572.97 million. During the same quarter in the previous year, the business posted ($0.44) earnings per share. The firm’s revenue was down 1.6% on a year-over-year basis. As a group, equities analysts expect that Peloton Interactive will post -0.65 earnings per share for the current year.

Insider Activity

In other Peloton Interactive news, insider Nick V. Caldwell acquired 31,337 shares of the company’s stock in a transaction dated Friday, August 23rd. The shares were acquired at an average price of $4.25 per share, for a total transaction of $133,182.25. Following the acquisition, the insider now owns 31,337 shares in the company, valued at $133,182.25. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In related news, CEO Karen Boone sold 13,484 shares of the firm’s stock in a transaction that occurred on Friday, November 1st. The stock was sold at an average price of $8.27, for a total transaction of $111,512.68. Following the transaction, the chief executive officer now owns 211,459 shares in the company, valued at $1,748,765.93. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Nick V. Caldwell purchased 31,337 shares of the company’s stock in a transaction that occurred on Friday, August 23rd. The shares were purchased at an average price of $4.25 per share, for a total transaction of $133,182.25. Following the purchase, the insider now directly owns 31,337 shares in the company, valued at $133,182.25. The disclosure for this purchase can be found here. In the last 90 days, insiders have sold 194,888 shares of company stock worth $1,038,717. 1.34% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the company. Versor Investments LP purchased a new position in Peloton Interactive during the 3rd quarter worth approximately $415,000. Weil Company Inc. purchased a new position in shares of Peloton Interactive in the 3rd quarter valued at approximately $77,000. Los Angeles Capital Management LLC purchased a new position in shares of Peloton Interactive in the 3rd quarter valued at approximately $212,000. Verdence Capital Advisors LLC purchased a new position in shares of Peloton Interactive in the 3rd quarter valued at approximately $52,000. Finally, Ballentine Partners LLC purchased a new position in shares of Peloton Interactive in the 3rd quarter valued at approximately $55,000. Hedge funds and other institutional investors own 77.01% of the company’s stock.

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.