Peloton Interactive (NASDAQ:PTON) Upgraded at Truist Financial

Peloton Interactive (NASDAQ:PTON) was upgraded by research analysts at Truist Financial from a “hold” rating to a “buy” rating in a research note issued on Monday,Finviz reports. The brokerage currently has a $11.00 price objective on the stock. Truist Financial’s price objective would indicate a potential upside of 74.88% from the stock’s previous close.

PTON has been the subject of a number of other research reports. Morgan Stanley dropped their target price on shares of Peloton Interactive from $5.75 to $4.00 and set an “equal weight” rating for the company in a research report on Thursday, April 17th. Citigroup reduced their target price on shares of Peloton Interactive from $11.00 to $10.00 and set a “neutral” rating on the stock in a report on Monday, February 10th. JMP Securities reissued a “market perform” rating on shares of Peloton Interactive in a research report on Monday, April 14th. JPMorgan Chase & Co. decreased their target price on Peloton Interactive from $8.00 to $7.00 and set a “neutral” rating for the company in a research report on Tuesday, April 8th. Finally, Telsey Advisory Group reiterated a “market perform” rating and set a $11.00 target price on shares of Peloton Interactive in a report on Monday, February 3rd. Fourteen investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $8.59.

Peloton Interactive Trading Up 0.2 %

NASDAQ:PTON opened at $6.29 on Monday. The firm has a market cap of $2.45 billion, a price-to-earnings ratio of -8.17 and a beta of 2.21. Peloton Interactive has a 12-month low of $2.70 and a 12-month high of $10.90. The company’s 50-day moving average is $6.48 and its two-hundred day moving average is $7.73.

Peloton Interactive (NASDAQ:PTON) last released its 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). On average, equities research analysts forecast that Peloton Interactive will post -0.36 earnings per share for the current fiscal year.

Insider Transactions at Peloton Interactive

In other Peloton Interactive news, insider Nick V. Caldwell sold 68,727 shares of the firm’s stock in a transaction dated Monday, March 17th. The shares were sold at an average price of $6.59, for a total value of $452,910.93. Following the transaction, the insider now owns 474,234 shares of the company’s stock, valued at $3,125,202.06. This trade represents a 12.66 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CAO Saqib Baig sold 22,662 shares of the company’s stock in a transaction that occurred on Wednesday, February 19th. The shares were sold at an average price of $9.75, for a total value of $220,954.50. Following the transaction, the chief accounting officer now directly owns 130,031 shares of the company’s stock, valued at $1,267,802.25. This trade represents a 14.84 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 674,338 shares of company stock worth $5,522,838. 1.34% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Peloton Interactive

Institutional investors have recently modified their holdings of the company. R Squared Ltd acquired a new position in Peloton Interactive during the 4th quarter valued at about $28,000. Russell Investments Group Ltd. boosted its position in shares of Peloton Interactive by 969.6% during the fourth quarter. Russell Investments Group Ltd. now owns 4,011 shares of the company’s stock worth $35,000 after buying an additional 3,636 shares during the period. FNY Investment Advisers LLC bought a new position in Peloton Interactive in the 1st quarter worth approximately $37,000. GAMMA Investing LLC increased its position in Peloton Interactive by 1,082.5% in the 1st quarter. GAMMA Investing LLC now owns 8,159 shares of the company’s stock valued at $52,000 after acquiring an additional 7,469 shares during the period. Finally, Comerica Bank raised its stake in Peloton Interactive by 29.1% during the 4th quarter. Comerica Bank now owns 6,164 shares of the company’s stock valued at $54,000 after acquiring an additional 1,389 shares in the last quarter. 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.