Macquarie Issues Positive Forecast for Peloton Interactive (NASDAQ:PTON) Stock Price

Peloton Interactive (NASDAQ:PTON) had its price target upped by Macquarie from $4.90 to $9.00 in a report released on Friday, Benzinga reports. They currently have a neutral rating on the stock.

Other analysts have also recently issued research reports about the stock. Roth Mkm upped their price objective on shares of Peloton Interactive from $5.00 to $6.00 and gave the company a “buy” rating in a research note on Friday, August 23rd. TD Cowen upped their price target on Peloton Interactive from $3.00 to $4.00 and gave the company a “hold” rating in a research report on Friday, August 23rd. Canaccord Genuity Group lifted their price objective on Peloton Interactive from $4.00 to $5.00 and gave the stock a “hold” rating in a research report on Friday, August 23rd. JMP Securities restated a “market perform” rating on shares of Peloton Interactive in a report on Thursday, October 3rd. Finally, Morgan Stanley raised their target price on Peloton Interactive from $3.50 to $5.00 and gave the stock an “equal weight” rating in a research note on Friday. One analyst has rated the stock with a sell rating, sixteen have given a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $6.05.

Peloton Interactive Price Performance

NASDAQ PTON opened at $7.25 on Friday. The stock’s 50 day simple moving average is $5.11 and its 200-day simple moving average is $4.07. The company has a market cap of $2.73 billion, a PE ratio of -6.78 and a beta of 1.92. Peloton Interactive has a 1-year low of $2.70 and a 1-year high of $8.92.

Peloton Interactive (NASDAQ:PTON) last announced its quarterly earnings data on Thursday, October 31st. The company reported ($0.16) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.15) by ($0.01). The business had revenue of $586.00 million during the quarter, compared to the consensus estimate of $572.97 million. During the same quarter in the prior year, the firm earned ($0.44) EPS. The business’s quarterly revenue was down 1.6% compared to the same quarter last year. On average, equities research analysts anticipate that Peloton Interactive will post -0.65 EPS for the current fiscal year.

Insider Buying and Selling at Peloton Interactive

In other news, insider Nick V. Caldwell acquired 31,337 shares of the company’s stock in a transaction dated Friday, August 23rd. The stock was acquired at an average cost of $4.25 per share, with a total value of $133,182.25. Following the completion of the purchase, the insider now owns 31,337 shares of the company’s stock, valued at $133,182.25. The acquisition was disclosed in a document filed with the SEC, which is available at this link. In other Peloton Interactive news, CEO Chris Bruzzo sold 24,977 shares of the stock in a transaction that occurred on Friday, October 18th. The shares were sold at an average price of $5.80, for a total transaction of $144,866.60. Following the sale, the chief executive officer now directly owns 149,240 shares in the company, valued at $865,592. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Nick V. Caldwell acquired 31,337 shares of the business’s stock in a transaction dated Friday, August 23rd. The shares were bought at an average cost of $4.25 per share, for a total transaction of $133,182.25. Following the transaction, the insider now directly owns 31,337 shares of the company’s stock, valued at approximately $133,182.25. The disclosure for this purchase can be found here. Insiders have sold a total of 167,880 shares of company stock valued at $815,767 over the last quarter. 1.34% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the stock. Abundance Wealth Counselors boosted its stake in shares of Peloton Interactive by 24.7% in the 2nd quarter. Abundance Wealth Counselors now owns 13,380 shares of the company’s stock valued at $45,000 after buying an additional 2,654 shares during the period. Signaturefd LLC grew its holdings in Peloton Interactive by 2.7% during the 2nd quarter. Signaturefd LLC now owns 113,645 shares of the company’s stock worth $384,000 after acquiring an additional 3,032 shares in the last quarter. Arizona State Retirement System increased its position in shares of Peloton Interactive by 3.8% in the 2nd quarter. Arizona State Retirement System now owns 92,781 shares of the company’s stock valued at $314,000 after purchasing an additional 3,377 shares during the last quarter. Kohmann Bosshard Financial Services LLC grew its stake in shares of Peloton Interactive by 50.0% during the third quarter. Kohmann Bosshard Financial Services LLC now owns 15,000 shares of the company’s stock worth $70,000 after purchasing an additional 5,000 shares in the last quarter. Finally, Commonwealth Equity Services LLC raised its stake in Peloton Interactive by 4.3% in the second quarter. Commonwealth Equity Services LLC now owns 133,765 shares of the company’s stock valued at $452,000 after buying an additional 5,463 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.