Peloton Interactive’s (PTON) Neutral Rating Reiterated at Macquarie

Macquarie reissued their neutral rating on shares of Peloton Interactive (NASDAQ:PTON) in a research note issued to investors on Monday,Benzinga reports. The firm currently has a $9.00 price target on the stock.

A number of other equities analysts also recently weighed in on the company. The Goldman Sachs Group upped their target price on Peloton Interactive from $8.00 to $10.00 and gave the company a “neutral” rating in a report on Monday. Citigroup dropped their price objective on Peloton Interactive from $11.00 to $10.00 and set a “neutral” rating on the stock in a report on Monday. Morgan Stanley increased their price objective on Peloton Interactive from $3.50 to $5.00 and gave the stock an “equal weight” rating in a report on Friday, November 1st. JMP Securities restated a “market perform” rating on shares of Peloton Interactive in a report on Friday, February 7th. Finally, Telsey Advisory Group restated a “market perform” rating and issued a $11.00 price objective on shares of Peloton Interactive in a report on Monday, February 3rd. Sixteen analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, Peloton Interactive presently has a consensus rating of “Hold” and an average target price of $8.38.

Peloton Interactive Price Performance

Shares of PTON opened at $9.18 on Monday. The company has a market capitalization of $3.50 billion, a price-to-earnings ratio of -11.92 and a beta of 1.95. Peloton Interactive has a fifty-two week low of $2.70 and a fifty-two week high of $10.90. The business’s 50-day moving average is $8.88 and its 200-day moving average is $6.75.

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

Insider Activity

In other news, CEO Karen Boone sold 16,925 shares of the stock in a transaction that occurred on Thursday, December 5th. The stock was sold at an average price of $9.64, for a total value of $163,157.00. Following the completion of the sale, the chief executive officer now directly owns 228,217 shares of the company’s stock, valued at approximately $2,200,011.88. This represents a 6.90 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Elizabeth F. Coddington sold 186,462 shares of the stock in a transaction that occurred on Monday, November 18th. The shares were sold at an average price of $7.58, for a total value of $1,413,381.96. Following the completion of the sale, the chief financial officer now directly owns 223,017 shares of the company’s stock, valued at $1,690,468.86. This represents a 45.54 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 395,813 shares of company stock valued at $3,041,724. 1.34% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. Connor Clark & Lunn Investment Management Ltd. bought a new position in Peloton Interactive in the third quarter worth $5,724,000. Gtcr LLC bought a new position in Peloton Interactive in the third quarter worth $65,520,000. Two Sigma Advisers LP lifted its position in Peloton Interactive by 2.9% in the third quarter. Two Sigma Advisers LP now owns 7,440,900 shares of the company’s stock worth $34,823,000 after purchasing an additional 206,500 shares during the period. Versor Investments LP bought a new position in Peloton Interactive in the third quarter worth $415,000. Finally, Franklin Resources Inc. bought a new position in Peloton Interactive in the third quarter worth $505,000. 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.