Peloton Interactive (NASDAQ:PTON) Given “Market Perform” Rating at JMP Securities

JMP Securities reiterated their market perform rating on shares of Peloton Interactive (NASDAQ:PTON) in a report published on Friday morning,Benzinga reports.

A number of other brokerages also recently weighed in on PTON. Macquarie boosted their price target on Peloton Interactive from $4.90 to $9.00 and gave the stock a “neutral” rating in a research report on Friday, November 1st. JPMorgan Chase & Co. boosted their target price on Peloton Interactive from $5.00 to $7.00 and gave the stock a “neutral” rating in a report on Friday, November 1st. UBS Group raised Peloton Interactive from a “sell” rating to a “neutral” rating and raised their price target for the company from $2.50 to $10.00 in a report on Friday, December 6th. Morgan Stanley upped their price objective on shares of Peloton Interactive from $3.50 to $5.00 and gave the company an “equal weight” rating in a report on Friday, November 1st. Finally, Truist Financial raised their target price on shares of Peloton Interactive from $6.00 to $10.00 and gave the stock a “hold” rating in a research note on Friday, November 1st. Sixteen analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $7.10.

Peloton Interactive Stock Down 1.4 %

NASDAQ:PTON opened at $8.37 on Friday. Peloton Interactive has a twelve month low of $2.70 and a twelve month high of $10.90. The stock’s 50 day moving average price is $8.96 and its two-hundred day moving average price is $6.60.

Peloton Interactive (NASDAQ:PTON) last posted its quarterly earnings results on Thursday, February 6th. The company reported ($0.24) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.20) by ($0.04). Sell-side analysts anticipate that Peloton Interactive will post -0.39 EPS for the current fiscal year.

Insider Buying and Selling at Peloton Interactive

In related news, CAO Saqib Baig sold 36,776 shares of Peloton Interactive stock in a transaction on Monday, November 18th. The shares were sold at an average price of $7.53, for a total transaction of $276,923.28. Following the completion of the transaction, the chief accounting officer now owns 137,357 shares of the company’s stock, valued at $1,034,298.21. This trade represents a 21.12 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Karen Boone sold 17,259 shares of the company’s stock in a transaction on Thursday, January 2nd. The shares were sold at an average price of $8.63, for a total transaction of $148,945.17. Following the sale, the director now directly owns 244,641 shares in the company, valued at $2,111,251.83. This trade represents a 6.59 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 395,813 shares of company stock worth $3,041,724. Insiders own 1.34% of the company’s stock.

Institutional Trading of Peloton Interactive

Hedge funds have recently modified their holdings of the stock. R Squared Ltd bought a new stake in Peloton Interactive in the 4th quarter valued at about $28,000. Point72 Asia Singapore Pte. Ltd. raised its position in shares of Peloton Interactive by 31.9% during the third quarter. Point72 Asia Singapore Pte. Ltd. now owns 6,605 shares of the company’s stock worth $31,000 after purchasing an additional 1,597 shares during the period. Verdence Capital Advisors LLC bought a new position in shares of Peloton Interactive in the 3rd quarter worth $52,000. Ballentine Partners LLC bought a new stake in Peloton Interactive during the 3rd quarter valued at $55,000. Finally, Sanctuary Advisors LLC acquired a new position in Peloton Interactive during the third quarter worth $58,000. 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.