Peloton Interactive (NASDAQ:PTON) Raised to Outperform at JMP Securities

Peloton Interactive (NASDAQ:PTONGet Rating) was upgraded by JMP Securities from a “market perform” rating to an “outperform” rating in a note issued to investors on Wednesday, Briefing.com reports. The firm currently has a $25.00 target price on the stock. JMP Securities’ target price points to a potential upside of 93.80% from the stock’s previous close.

A number of other brokerages have also recently commented on PTON. Sanford C. Bernstein began coverage on Peloton Interactive in a research report on Monday, March 14th. They issued an “outperform” rating and a $40.00 price target on the stock. Robert W. Baird decreased their target price on Peloton Interactive from $70.00 to $40.00 in a research report on Wednesday, January 26th. Wolfe Research lifted their target price on Peloton Interactive from $30.00 to $32.00 and gave the company a “peer perform” rating in a research report on Wednesday, February 9th. Barclays decreased their target price on Peloton Interactive from $90.00 to $60.00 and set an “overweight” rating on the stock in a research report on Wednesday, February 9th. Finally, Macquarie decreased their target price on Peloton Interactive from $85.00 to $60.00 and set an “outperform” rating on the stock in a research report on Wednesday, February 9th. One analyst has rated the stock with a sell rating, fifteen have assigned a hold rating and seventeen have issued a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $56.35.

PTON opened at $12.90 on Wednesday. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.29 and a current ratio of 2.33. Peloton Interactive has a fifty-two week low of $11.25 and a fifty-two week high of $129.70. The company has a market capitalization of $4.28 billion, a P/E ratio of -3.47 and a beta of 1.26. The stock has a fifty day moving average of $23.04 and a 200-day moving average of $35.35.

Peloton Interactive (NASDAQ:PTONGet Rating) last issued its quarterly earnings results on Tuesday, May 10th. The company reported ($2.27) EPS for the quarter, missing analysts’ consensus estimates of ($0.83) by ($1.44). Peloton Interactive had a negative return on equity of 59.67% and a negative net margin of 27.48%. The company had revenue of $964.30 million during the quarter, compared to the consensus estimate of $969.81 million. During the same quarter in the previous year, the business posted ($0.03) EPS. The firm’s revenue for the quarter was down 23.6% on a year-over-year basis. On average, equities research analysts predict that Peloton Interactive will post -3.94 earnings per share for the current fiscal year.

In other Peloton Interactive news, Director William Lynch sold 6,250 shares of the firm’s stock in a transaction on Thursday, February 17th. The stock was sold at an average price of $32.49, for a total transaction of $203,062.50. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, COO Mariana Garavaglia sold 2,459 shares of Peloton Interactive stock in a transaction on Thursday, February 17th. The stock was sold at an average price of $31.99, for a total transaction of $78,663.41. The disclosure for this sale can be found here. Insiders sold a total of 10,768 shares of company stock worth $347,387 in the last 90 days. 13.18% of the stock is currently owned by company insiders.

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Masso Torrence Wealth Management Inc. purchased a new stake in Peloton Interactive during the fourth quarter worth about $26,000. Webster Bank N. A. bought a new stake in shares of Peloton Interactive in the first quarter valued at approximately $26,000. ICICI Prudential Asset Management Co Ltd bought a new stake in shares of Peloton Interactive in the fourth quarter valued at approximately $27,000. Credit Agricole S A bought a new stake in shares of Peloton Interactive in the fourth quarter valued at approximately $27,000. Finally, McClarren Financial Advisors Inc. raised its position in shares of Peloton Interactive by 774.6% in the first quarter. McClarren Financial Advisors Inc. now owns 1,032 shares of the company’s stock valued at $27,000 after purchasing an additional 914 shares during the period. Hedge funds and other institutional investors own 82.42% of the company’s stock.

About Peloton Interactive (Get Rating)

Peloton Interactive, Inc provides interactive fitness products in North America and internationally. It offers connected fitness products with touchscreen that streams live and on-demand classes under the Peloton Bike, Peloton Bike+, Peloton Tread, and Peloton Tread+ names. The company also provides connected fitness subscriptions for various household users, and access to various live and on-demand classes, as well as Peloton Digital app for connected fitness subscribers to provide access to its classes.

Featured Stories

Analyst Recommendations for Peloton Interactive (NASDAQ:PTON)

Receive News & Ratings for Peloton Interactive Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Peloton Interactive and related companies with MarketBeat.com's FREE daily email newsletter.