Peloton Interactive’s (PTON) Buy Rating Reaffirmed at Roth Capital

Peloton Interactive (NASDAQ:PTONGet Rating)‘s stock had its “buy” rating reissued by analysts at Roth Capital in a research report issued on Wednesday, Zacks.com reports.

PTON has been the topic of several other reports. Evercore ISI lowered their target price on Peloton Interactive from $72.00 to $40.00 and set an “in-line” rating on the stock in a report on Friday, January 21st. JMP Securities upgraded Peloton Interactive from a “market perform” rating to an “outperform” rating and set a $25.00 target price on the stock in a research report on Wednesday. Wolfe Research increased their price target on Peloton Interactive from $30.00 to $32.00 and gave the stock a “peer perform” rating in a report on Wednesday, February 9th. Barclays reduced their price objective on shares of Peloton Interactive from $60.00 to $22.00 in a report on Wednesday. Finally, Telsey Advisory Group lowered their target price on shares of Peloton Interactive from $40.00 to $28.00 and set a “market perform” rating for the company in a research note on Monday, April 18th. One equities research analyst has rated the stock with a sell rating, fifteen have assigned a hold rating and seventeen have issued a buy rating to the company. Based on data from MarketBeat.com, Peloton Interactive presently has a consensus rating of “Hold” and a consensus price target of $45.81.

NASDAQ PTON opened at $13.62 on Wednesday. The firm’s fifty day simple moving average is $22.80 and its two-hundred day simple moving average is $35.19. Peloton Interactive has a 12-month low of $11.25 and a 12-month high of $129.70. The firm has a market capitalization of $4.52 billion, a P/E ratio of -2.29 and a beta of 1.26. The company has a current ratio of 2.33, a quick ratio of 1.29 and a debt-to-equity ratio of 0.36.

Peloton Interactive (NASDAQ:PTONGet Rating) last released its 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). The firm had revenue of $964.30 million for the quarter, compared to analyst estimates of $969.81 million. Peloton Interactive had a negative return on equity of 77.49% and a negative net margin of 49.10%. The company’s revenue for the quarter was down 23.6% compared to the same quarter last year. During the same period last year, the firm earned ($0.03) EPS. As a group, sell-side analysts predict that Peloton Interactive will post -3.94 earnings per share for the current fiscal year.

In other Peloton Interactive news, COO Mariana Garavaglia sold 2,459 shares of Peloton Interactive stock in a transaction that occurred on Thursday, February 17th. The stock was sold at an average price of $31.99, for a total transaction of $78,663.41. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CAO Allen J. Klingsick sold 2,059 shares of Peloton Interactive stock in a transaction that occurred on Thursday, February 17th. The shares were sold at an average price of $31.89, for a total value of $65,661.51. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 10,768 shares of company stock worth $347,387. 13.18% of the stock is currently owned by corporate insiders.

Several hedge funds have recently made changes to their positions in PTON. Advisor Group Holdings Inc. grew its stake in shares of Peloton Interactive by 9.0% in the 3rd quarter. Advisor Group Holdings Inc. now owns 41,051 shares of the company’s stock valued at $3,569,000 after purchasing an additional 3,383 shares during the last quarter. Russell Investments Group Ltd. boosted its stake in shares of Peloton Interactive by 76.1% in the third quarter. Russell Investments Group Ltd. now owns 54,900 shares of the company’s stock valued at $4,741,000 after buying an additional 23,716 shares in the last quarter. Jennison Associates LLC acquired a new stake in Peloton Interactive in the third quarter valued at $224,000. CIBC Asset Management Inc boosted its position in shares of Peloton Interactive by 15.1% during the 3rd quarter. CIBC Asset Management Inc now owns 58,978 shares of the company’s stock worth $5,134,000 after purchasing an additional 7,725 shares in the last quarter. Finally, Teacher Retirement System of Texas boosted its position in shares of Peloton Interactive by 28.0% during the 3rd quarter. Teacher Retirement System of Texas now owns 40,820 shares of the company’s stock worth $3,553,000 after purchasing an additional 8,923 shares in the last quarter. 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.

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