Peloton Interactive (NASDAQ:PTON) Receives Hold Rating from Needham & Company LLC

Needham & Company LLC reissued their hold rating on shares of Peloton Interactive (NASDAQ:PTON) in a research note published on Friday morning, Benzinga reports.

A number of other research firms have also weighed in on PTON. Sanford C. Bernstein boosted their price objective on Peloton Interactive from $3.80 to $4.25 and gave the stock a “market perform” rating in a research note on Friday, August 23rd. JMP Securities reiterated a “market perform” rating on shares of Peloton Interactive in a report on Thursday, October 3rd. Roth Mkm upped their price target on Peloton Interactive from $5.00 to $6.00 and gave the stock a “buy” rating in a report on Friday, August 23rd. Morgan Stanley upped their price target on Peloton Interactive from $2.50 to $3.50 and gave the stock an “equal weight” rating in a report on Friday, August 23rd. Finally, Macquarie reaffirmed a “neutral” rating and set a $2.53 price objective on shares of Peloton Interactive in a research report on Thursday, August 22nd. One investment 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’s stock. According to data from MarketBeat, Peloton Interactive presently has an average rating of “Hold” and an average target price of $5.98.

Peloton Interactive Stock Down 14.7 %

Shares of Peloton Interactive stock traded down $1.25 on Friday, reaching $7.25. The company’s stock had a trading volume of 44,046,727 shares, compared to its average volume of 20,077,132. Peloton Interactive has a 52-week low of $2.70 and a 52-week high of $8.92. The stock has a 50-day moving average price of $5.11 and a 200-day moving average price of $4.06.

Peloton Interactive (NASDAQ:PTON) last posted its quarterly earnings data on Thursday, October 31st. The company reported ($0.16) EPS for the quarter, missing analysts’ consensus estimates 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. Peloton Interactive’s quarterly revenue was down 1.6% on a year-over-year basis. During the same period in the previous year, the business earned ($0.44) EPS. On average, analysts anticipate that Peloton Interactive will post -0.65 EPS for the current fiscal year.

Insider Transactions at Peloton Interactive

In related news, CFO Elizabeth F. Coddington sold 56,084 shares of Peloton Interactive stock in a transaction on Tuesday, September 3rd. The stock was sold at an average price of $4.50, for a total value of $252,378.00. Following the transaction, the chief financial officer now owns 186,466 shares in the company, valued at approximately $839,097. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, CFO Elizabeth F. Coddington sold 56,084 shares of Peloton Interactive stock in a transaction dated 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 of the company’s stock, valued at approximately $839,097. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Chris Bruzzo sold 24,977 shares of the business’s stock in a transaction dated Friday, October 18th. The shares were sold at an average price of $5.80, for a total value of $144,866.60. Following the completion of the sale, the chief executive officer now directly owns 149,240 shares of the company’s stock, valued at approximately $865,592. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 167,880 shares of company stock worth $815,767 over the last quarter. 1.34% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Peloton Interactive

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Mercer Global Advisors Inc. ADV acquired a new position in shares of Peloton Interactive during the second quarter worth approximately $27,000. Skylands Capital LLC acquired a new position in shares of Peloton Interactive during the second quarter worth approximately $30,000. Nisa Investment Advisors LLC boosted its position 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 worth $32,000 after buying an additional 9,000 shares during the period. Sheaff Brock Investment Advisors LLC acquired a new position in shares of Peloton Interactive during the first quarter worth approximately $44,000. Finally, Schneider Downs Wealth Management Advisors LP acquired a new position in shares of Peloton Interactive during the second quarter worth approximately $35,000. 77.01% of the stock is currently owned by institutional investors and hedge funds.

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.