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

Peloton Interactive (NASDAQ:PTON)‘s stock had its “market perform” rating reaffirmed by investment analysts at JMP Securities in a research note issued on Friday,Benzinga reports.

Other equities research analysts also recently issued research reports about the company. UBS Group raised Peloton Interactive from a “sell” rating to a “neutral” rating and increased their price target for the stock from $2.50 to $10.00 in a research report on Friday, December 6th. Truist Financial increased their price target on Peloton Interactive from $6.00 to $10.00 and gave the stock a “hold” rating in a research report on Friday, November 1st. Needham & Company LLC reissued a “hold” rating on shares of Peloton Interactive in a research report on Thursday. Bank of America raised Peloton Interactive from an “underperform” rating to a “buy” rating and raised their target price for the company from $3.75 to $9.00 in a report on Monday, November 4th. Finally, Sanford C. Bernstein raised their target price on Peloton Interactive from $4.25 to $6.50 and gave the company a “market perform” rating in a report on Friday, November 1st. Sixteen investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat.com, Peloton Interactive presently has an average rating of “Hold” and an average target price of $7.10.

Peloton Interactive Stock Down 0.4 %

Shares of Peloton Interactive stock traded down $0.03 on Friday, hitting $8.46. The stock had a trading volume of 13,706,368 shares, compared to its average volume of 13,154,137. Peloton Interactive has a twelve month low of $2.70 and a twelve month high of $10.90. The business’s 50 day moving average is $8.96 and its two-hundred day moving average is $6.60. The stock has a market cap of $3.23 billion, a price-to-earnings ratio of -7.96 and a beta of 1.95.

Peloton Interactive (NASDAQ:PTON) last issued its quarterly earnings results on Thursday, February 6th. The company reported ($0.24) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.20) by ($0.04). As a group, equities analysts predict that Peloton Interactive will post -0.39 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, CFO Elizabeth F. Coddington sold 186,462 shares of the firm’s stock in a transaction on Monday, November 18th. The stock was sold at an average price of $7.58, for a total transaction of $1,413,381.96. Following the completion of the transaction, the chief financial officer now directly owns 223,017 shares of the company’s stock, valued at $1,690,468.86. This trade represents a 45.54 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Andrew S. Rendich sold 138,391 shares of the firm’s stock in a transaction on Monday, November 18th. The stock was sold at an average price of $7.51, for a total value of $1,039,316.41. Following the transaction, the insider now directly owns 287,973 shares of the company’s stock, valued at approximately $2,162,677.23. This represents a 32.46 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 395,813 shares of company stock valued at $3,041,724 in the last three months. Insiders own 1.34% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in PTON. AQR Capital Management LLC raised its position in shares of Peloton Interactive by 689.6% in the 2nd quarter. AQR Capital Management LLC now owns 123,736 shares of the company’s stock worth $418,000 after acquiring an additional 108,065 shares in the last quarter. The Manufacturers Life Insurance Company grew its stake in shares of Peloton Interactive by 253.7% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 181,589 shares of the company’s stock valued at $614,000 after buying an additional 130,242 shares during the period. Algert Global LLC acquired a new stake in shares of Peloton Interactive in the 2nd quarter valued at about $113,000. Cubist Systematic Strategies LLC grew its stake in shares of Peloton Interactive by 99.8% in the 2nd quarter. Cubist Systematic Strategies LLC now owns 56,208 shares of the company’s stock valued at $190,000 after buying an additional 28,070 shares during the period. Finally, Wedmont Private Capital acquired a new stake in shares of Peloton Interactive in the 3rd quarter valued at about $77,000. 77.01% of the stock is owned by institutional investors.

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.