Peloton Interactive (NASDAQ:PTON) Given New $8.50 Price Target at BMO Capital Markets

Peloton Interactive (NASDAQ:PTON) had its target price raised by BMO Capital Markets from $6.50 to $8.50 in a research report sent to investors on Monday morning,Benzinga reports. BMO Capital Markets currently has a market perform rating on the stock.

Other research analysts also recently issued research reports about the stock. Macquarie boosted their price objective on shares of Peloton Interactive from $4.90 to $9.00 and gave the stock a “neutral” rating in a report on Friday, November 1st. Wolfe Research initiated coverage on shares of Peloton Interactive in a report on Tuesday, July 16th. They set a “peer perform” rating on the stock. Telsey Advisory Group boosted their price objective on shares of Peloton Interactive from $5.00 to $9.00 and gave the stock a “market perform” rating in a report on Friday, November 1st. Truist Financial boosted their price objective on shares of Peloton Interactive from $6.00 to $10.00 and gave the stock a “hold” rating in a report on Friday, November 1st. Finally, JMP Securities restated a “market perform” rating on shares of Peloton Interactive in a report on Thursday, October 3rd. Fifteen investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat.com, Peloton Interactive presently has a consensus rating of “Hold” and an average target price of $6.75.

Peloton Interactive Price Performance

Shares of PTON opened at $8.02 on Monday. The company has a market capitalization of $3.02 billion, a PE ratio of -7.54 and a beta of 1.93. Peloton Interactive has a one year low of $2.70 and a one year high of $8.92. The company’s fifty day moving average price is $5.29 and its 200 day moving average price is $4.16.

Peloton Interactive (NASDAQ:PTON) last announced its 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 company had revenue of $586.00 million for the quarter, compared to analysts’ expectations of $572.97 million. Peloton Interactive’s revenue for the quarter was down 1.6% on a year-over-year basis. During the same quarter in the previous year, the business earned ($0.44) EPS. Analysts anticipate that Peloton Interactive will post -0.43 earnings per share for the current year.

Insiders Place Their Bets

In other Peloton Interactive news, CEO Karen Boone sold 13,484 shares of the company’s stock in a transaction dated Friday, November 1st. The shares were sold at an average price of $8.27, for a total transaction of $111,512.68. Following the sale, the chief executive officer now directly owns 211,459 shares of the company’s stock, valued at approximately $1,748,765.93. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In other Peloton Interactive news, CAO Saqib Baig sold 50,000 shares of the company’s stock in a transaction dated Friday, August 23rd. The shares were sold at an average price of $4.88, for a total transaction of $244,000.00. Following the sale, the chief accounting officer now directly 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 sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Karen Boone sold 13,484 shares of the company’s stock in a transaction dated Friday, November 1st. The stock was sold at an average price of $8.27, for a total transaction of $111,512.68. Following the sale, the chief executive officer now directly owns 211,459 shares in the company, valued at $1,748,765.93. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 194,888 shares of company stock valued at $1,038,717. 1.34% of the stock is currently owned by insiders.

Institutional Trading of Peloton Interactive

Large investors have recently added to or reduced their stakes in the company. Mercer Global Advisors Inc. ADV bought a new stake in shares of Peloton Interactive during the second quarter valued at approximately $27,000. Skylands Capital LLC bought a new stake in shares of Peloton Interactive during the second quarter valued at approximately $30,000. Nisa Investment Advisors LLC grew 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 purchasing an additional 9,000 shares during the last quarter. Schneider Downs Wealth Management Advisors LP bought a new stake in shares of Peloton Interactive during the second quarter valued at approximately $35,000. Finally, CIBC Asset Management Inc bought a new stake in shares of Peloton Interactive during the second quarter valued at approximately $35,000. 77.01% of the stock is 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.