Peloton Interactive (PTON) – Analysts’ Weekly Ratings Changes

Several brokerages have updated their recommendations and price targets on shares of Peloton Interactive (NASDAQ: PTON) in the last few weeks:

• 11/4/2024 – Peloton Interactive had its price target raised by analysts at BMO Capital Markets from $6.50 to $8.50. They now have a “market perform” rating on the stock.
• 11/4/2024 – Peloton Interactive was upgraded by analysts at Bank of America Co. from an “underperform” rating to a “buy” rating. They now have a $9.00 price target on the stock, up previously from $3.75.
• 11/1/2024 – Peloton Interactive had its price target raised by analysts at Macquarie from $4.90 to $9.00. They now have a “neutral” rating on the stock.
• 11/1/2024 – Peloton Interactive had its price target raised by analysts at JPMorgan Chase & Co. from $5.00 to $7.00. They now have a “neutral” rating on the stock.
• 11/1/2024 – Peloton Interactive had its price target raised by analysts at Robert W. Baird from $4.75 to $8.00. They now have a “neutral” rating on the stock.
• 11/1/2024 – Peloton Interactive had its price target raised by analysts at Sanford C. Bernstein from $4.25 to $6.50. They now have a “market perform” rating on the stock.
• 11/1/2024 – Peloton Interactive had its price target raised by analysts at Telsey Advisory Group from $5.00 to $9.00. They now have a “market perform” rating on the stock.
• 11/1/2024 – Peloton Interactive had its price target raised by analysts at Truist Financial Co. from $6.00 to $10.00. They now have a “hold” rating on the stock.
• 11/1/2024 – Peloton Interactive had its “hold” rating reaffirmed by analysts at Needham & Company LLC.
• 11/1/2024 – Peloton Interactive had its price target raised by analysts at Morgan Stanley from $3.50 to $5.00. They now have an “equal weight” rating on the stock.
• 10/24/2024 – Peloton Interactive had its “market perform” rating reaffirmed by analysts at Telsey Advisory Group. They now have a $5.00 price target on the stock.
• 10/3/2024 – Peloton Interactive had its “market perform” rating reaffirmed by analysts at JMP Securities.
• 10/1/2024 – Peloton Interactive had its “market perform” rating reaffirmed by analysts at BMO Capital Markets. They now have a $6.50 price target on the stock.

Peloton Interactive Trading Down 3.6 %

Shares of PTON traded down $0.29 during midday trading on Friday, hitting $7.71. The stock had a trading volume of 8,798,323 shares, compared to its average volume of 16,434,240. The business has a 50-day simple moving average of $5.74 and a two-hundred day simple moving average of $4.38. The firm has a market cap of $2.94 billion, a P/E ratio of -7.21 and a beta of 1.93. Peloton Interactive, Inc. has a fifty-two week low of $2.70 and a fifty-two week high of $8.97.

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 company had revenue of $586.00 million for the quarter, compared to analysts’ expectations of $572.97 million. During the same period last year, the company earned ($0.44) earnings per share. The business’s revenue for the quarter was down 1.6% on a year-over-year basis. On average, analysts expect that Peloton Interactive, Inc. will post -0.38 earnings per share for the current fiscal year.

Insider Activity

In other Peloton Interactive news, CFO Elizabeth F. Coddington sold 56,084 shares of the stock in a transaction that occurred on Tuesday, September 3rd. The shares were sold at an average price of $4.50, for a total value of $252,378.00. Following the completion of the sale, the chief financial officer now owns 186,466 shares in the company, valued at $839,097. This represents a 23.12 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CAO Saqib Baig sold 50,000 shares of the business’s stock in a transaction on Friday, August 23rd. The shares were sold at an average price of $4.88, for a total transaction of $244,000.00. Following the transaction, the chief accounting officer now owns 87,014 shares in the company, valued at approximately $424,628.32. This represents a 36.49 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 194,888 shares of company stock worth $1,038,717. 1.34% of the stock is owned by corporate insiders.

Institutional Trading of Peloton Interactive

A number of institutional investors have recently bought and sold shares of PTON. Mercer Global Advisors Inc. ADV purchased a new stake in shares of Peloton Interactive during the 2nd quarter worth about $27,000. Skylands Capital LLC acquired a new position in Peloton Interactive in the second quarter worth approximately $30,000. Point72 Asia Singapore Pte. Ltd. raised its position in Peloton Interactive by 31.9% during the third quarter. Point72 Asia Singapore Pte. Ltd. now owns 6,605 shares of the company’s stock valued at $31,000 after acquiring an additional 1,597 shares in the last quarter. Nisa Investment Advisors LLC lifted its stake in Peloton Interactive by 1,836.7% in the second quarter. Nisa Investment Advisors LLC now owns 9,490 shares of the company’s stock valued at $32,000 after acquiring an additional 9,000 shares during the last quarter. Finally, Schneider Downs Wealth Management Advisors LP acquired a new stake in shares of Peloton Interactive in the 2nd quarter valued at $35,000. Institutional investors and hedge funds own 77.01% of the company’s stock.

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.