Peloton Interactive’s (PTON) Market Perform Rating Reiterated at JMP Securities

JMP Securities reiterated their market perform rating on shares of Peloton Interactive (NASDAQ:PTON) in a research report sent to investors on Thursday morning, Benzinga reports.

Several other analysts have also recently commented on the company. Needham & Company LLC reissued a hold rating on shares of Peloton Interactive in a report on Thursday, August 22nd. Telsey Advisory Group boosted their target price on shares of Peloton Interactive from $4.00 to $5.00 and gave the stock a market perform rating in a research report on Friday, August 23rd. Sanford C. Bernstein increased their price target on shares of Peloton Interactive from $3.80 to $4.25 and gave the company a market perform rating in a report on Friday, August 23rd. Roth Mkm boosted their price objective on shares of Peloton Interactive from $5.00 to $6.00 and gave the stock a buy rating in a report on Friday, August 23rd. Finally, Wolfe Research began coverage on shares of Peloton Interactive in a report on Tuesday, July 16th. They issued a peer perform rating for the company. One analyst has rated the stock with a sell rating, seventeen have given a hold rating and two have given a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of Hold and a consensus price target of $4.52.

Peloton Interactive Price Performance

Peloton Interactive stock opened at $4.70 on Thursday. The business has a 50 day simple moving average of $4.13 and a 200-day simple moving average of $3.81. Peloton Interactive has a 12 month low of $2.70 and a 12 month high of $7.24. The stock has a market capitalization of $1.77 billion, a PE ratio of -2.23 and a beta of 2.04.

Peloton Interactive (NASDAQ:PTON) last released its earnings results on Thursday, August 22nd. The company reported ($0.08) EPS for the quarter, topping the consensus estimate of ($0.18) by $0.10. The firm had revenue of $644.00 million during the quarter, compared to analyst estimates of $633.00 million. The firm’s revenue was up .3% on a year-over-year basis. During the same quarter last year, the business posted ($0.68) EPS. As a group, equities research analysts anticipate that Peloton Interactive will post -0.65 EPS for the current year.

Insider Buying and Selling

In related news, CFO Elizabeth F. Coddington sold 36,819 shares of the company’s stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of $4.74, for a total transaction of $174,522.06. Following the completion of the transaction, the chief financial officer now owns 171,466 shares of the company’s stock, valued at approximately $812,748.84. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In related news, CEO Chris Bruzzo sold 15,113 shares of Peloton Interactive stock in a transaction on Thursday, August 1st. The stock was sold at an average price of $3.42, for a total value of $51,686.46. Following the transaction, the chief executive officer now owns 97,433 shares in the company, valued at approximately $333,220.86. 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. Also, CFO Elizabeth F. Coddington sold 36,819 shares of the company’s stock in a transaction dated Monday, September 16th. The stock was sold at an average price of $4.74, for a total value of $174,522.06. Following the sale, the chief financial officer now owns 171,466 shares of the company’s stock, valued at $812,748.84. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 158,016 shares of company stock valued at $722,587. Insiders own 3.28% of the company’s stock.

Hedge Funds Weigh In On Peloton Interactive

Several hedge funds and other institutional investors have recently modified their holdings of PTON. Vanguard Group Inc. increased its holdings in Peloton Interactive by 4.0% in the 1st quarter. Vanguard Group Inc. now owns 31,554,832 shares of the company’s stock valued at $135,212,000 after purchasing an additional 1,215,397 shares in the last quarter. Capital World Investors raised its holdings in shares of Peloton Interactive by 17.6% during the 4th quarter. Capital World Investors now owns 26,259,325 shares of the company’s stock valued at $159,919,000 after buying an additional 3,925,000 shares during the period. DNB Asset Management AS lifted its position in Peloton Interactive by 42.4% during the 2nd quarter. DNB Asset Management AS now owns 12,130,553 shares of the company’s stock worth $40,880,000 after acquiring an additional 3,611,069 shares in the last quarter. DME Capital Management LP purchased a new position in Peloton Interactive in the 2nd quarter worth approximately $22,947,000. Finally, Patient Capital Management LLC grew its position in Peloton Interactive by 32.7% in the fourth quarter. Patient Capital Management LLC now owns 6,196,285 shares of the company’s stock valued at $37,735,000 after acquiring an additional 1,527,471 shares in the last quarter. 77.01% of the stock is 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.