Peloton Interactive (NASDAQ:PTON) Shares Up 5.6%

Peloton Interactive, Inc. (NASDAQ:PTON)’s share price was up 5.6% during mid-day trading on Friday . The stock traded as high as $4.64 and last traded at $4.51. Approximately 2,238,972 shares were traded during trading, a decline of 86% from the average daily volume of 15,992,885 shares. The stock had previously closed at $4.27.

Analyst Upgrades and Downgrades

Several analysts have recently commented on the stock. JMP Securities reaffirmed a “market perform” rating on shares of Peloton Interactive in a research report on Tuesday, July 2nd. Macquarie reaffirmed a “neutral” rating and set a $2.53 price objective on shares of Peloton Interactive in a report on Thursday, August 22nd. Telsey Advisory Group raised their price objective on shares of Peloton Interactive from $4.00 to $5.00 and gave the stock a “market perform” rating in a report on Friday, August 23rd. TD Cowen raised their price target on shares of Peloton Interactive from $3.00 to $4.00 and gave the stock a “hold” rating in a research note on Friday, August 23rd. Finally, JPMorgan Chase & Co. lowered shares of Peloton Interactive from an “overweight” rating to a “neutral” rating and decreased their price target for the stock from $7.00 to $5.00 in a research note on Friday, August 23rd. Two research analysts have rated the stock with a sell rating, eighteen have assigned a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $4.57.

Peloton Interactive Price Performance

The stock has a market capitalization of $1.74 billion, a PE ratio of -2.16 and a beta of 2.04. The business has a 50 day moving average price of $3.78 and a 200 day moving average price of $3.79.

Peloton Interactive (NASDAQ:PTON) last released its earnings results 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 during the quarter, compared to analysts’ expectations of $633.00 million. During the same period in the prior year, the company posted ($0.68) earnings per share. The company’s revenue was up .3% on a year-over-year basis. On average, equities analysts expect that Peloton Interactive, Inc. will post -0.65 earnings per share for the current year.

Insider Buying and Selling at Peloton Interactive

In other news, CAO Saqib Baig sold 50,000 shares of the firm’s stock in a transaction dated Friday, August 23rd. The stock was 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 $424,628.32. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In other news, CAO Saqib Baig sold 50,000 shares of the firm’s stock in a transaction dated Friday, August 23rd. The stock was 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 $424,628.32. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Nick V. Caldwell bought 31,337 shares of the business’s stock in a transaction that occurred on Friday, August 23rd. The shares were acquired at an average price of $4.25 per share, with a total value of $133,182.25. Following the transaction, the insider now directly owns 31,337 shares of the company’s stock, valued at approximately $133,182.25. The disclosure for this purchase can be found here. Over the last 90 days, insiders have sold 136,038 shares of company stock valued at $597,188. 3.28% of the stock is owned by company insiders.

Hedge Funds Weigh In On Peloton Interactive

A number of institutional investors and hedge funds have recently modified their holdings of PTON. Charles Schwab Investment Management Inc. increased its stake in Peloton Interactive by 13.2% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 2,528,222 shares of the company’s stock worth $15,397,000 after buying an additional 295,436 shares during the period. Versor Investments LP purchased a new position in Peloton Interactive in the fourth quarter worth $202,000. Russell Investments Group Ltd. increased its position in shares of Peloton Interactive by 25,397.7% during the first quarter. Russell Investments Group Ltd. now owns 393,685 shares of the company’s stock worth $1,687,000 after purchasing an additional 392,141 shares in the last quarter. Seven Eight Capital LP acquired a new stake in shares of Peloton Interactive in the 4th quarter worth $855,000. Finally, Private Advisor Group LLC increased its position in Peloton Interactive by 11.5% during the 4th quarter. Private Advisor Group LLC now owns 37,373 shares of the company’s stock valued at $228,000 after buying an additional 3,855 shares in the last quarter. Hedge funds and other institutional investors 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.