Peloton Interactive’s (PTON) “Buy” Rating Reiterated at The Goldman Sachs Group

The Goldman Sachs Group reissued their buy rating on shares of Peloton Interactive (NASDAQ:PTON) in a research note released on Thursday,Benzinga reports. The Goldman Sachs Group currently has a $11.50 price objective on the stock.

A number of other brokerages have also recently commented on PTON. UBS Group raised Peloton Interactive from a “neutral” rating to a “buy” rating and lifted their price objective for the stock from $7.50 to $11.00 in a research note on Wednesday, July 30th. Telsey Advisory Group raised their target price on Peloton Interactive from $8.00 to $9.00 and gave the stock a “market perform” rating in a report on Thursday. Canaccord Genuity Group reaffirmed a “buy” rating and issued a $10.00 price target on shares of Peloton Interactive in a research note on Thursday. Truist Financial set a $11.00 price target on shares of Peloton Interactive in a research report on Thursday, August 7th. Finally, Macquarie lifted their price objective on shares of Peloton Interactive from $10.00 to $11.00 and gave the stock an “outperform” rating in a research note on Thursday, August 14th. Eight investment analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, Peloton Interactive presently has a consensus rating of “Hold” and a consensus price target of $9.36.

Peloton Interactive Trading Down 1.2%

Shares of NASDAQ:PTON opened at $8.58 on Thursday. Peloton Interactive has a 1-year low of $4.52 and a 1-year high of $10.90. The stock has a market capitalization of $3.50 billion, a P/E ratio of -27.68, a P/E/G ratio of 3.30 and a beta of 2.27. The business has a 50-day moving average price of $7.86 and a two-hundred day moving average price of $6.97.

Peloton Interactive (NASDAQ:PTON) last issued its quarterly earnings results on Thursday, August 7th. The company reported $0.05 EPS for the quarter, topping the consensus estimate of ($0.07) by $0.12. The business had revenue of $606.90 million for the quarter, compared to analyst estimates of $580.29 million. The firm’s quarterly revenue was down 5.8% compared to the same quarter last year. During the same quarter in the prior year, the firm earned ($0.08) EPS. Peloton Interactive has set its FY 2025 guidance at EPS. As a group, equities analysts predict that Peloton Interactive will post -0.36 EPS for the current year.

Insider Buying and Selling at Peloton Interactive

In other news, insider Jennifer Cunningham Cotter sold 146,315 shares of the firm’s stock in a transaction dated Monday, August 18th. The stock was sold at an average price of $8.37, for a total value of $1,224,656.55. Following the completion of the transaction, the insider owned 234,745 shares in the company, valued at $1,964,815.65. This trade represents a 38.40% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Elizabeth F. Coddington sold 238,664 shares of the company’s stock in a transaction dated Tuesday, September 16th. The stock was sold at an average price of $7.85, for a total value of $1,873,512.40. Following the sale, the chief financial officer owned 346,535 shares in the company, valued at $2,720,299.75. The trade was a 40.78% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 1,851,961 shares of company stock worth $14,775,168 in the last three months. 1.34% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Peloton Interactive

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. FNY Investment Advisers LLC acquired a new stake in shares of Peloton Interactive in the 1st quarter valued at approximately $37,000. Bessemer Group Inc. raised its position in Peloton Interactive by 1,602.6% during the second quarter. Bessemer Group Inc. now owns 5,312 shares of the company’s stock worth $37,000 after acquiring an additional 5,000 shares in the last quarter. MAI Capital Management lifted its stake in Peloton Interactive by 64.6% in the second quarter. MAI Capital Management now owns 5,498 shares of the company’s stock valued at $38,000 after acquiring an additional 2,158 shares during the last quarter. Nisa Investment Advisors LLC grew its position in shares of Peloton Interactive by 40.2% in the 1st quarter. Nisa Investment Advisors LLC now owns 6,503 shares of the company’s stock valued at $41,000 after acquiring an additional 1,864 shares during the period. Finally, GAMMA Investing LLC increased its stake in shares of Peloton Interactive by 1,082.5% during the 1st quarter. GAMMA Investing LLC now owns 8,159 shares of the company’s stock worth $52,000 after purchasing an additional 7,469 shares during the last quarter. Institutional investors own 77.01% of the company’s stock.

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.