Janney Montgomery Scott LLC Takes $88,000 Position in Peloton Interactive, Inc. (NASDAQ:PTON)

Janney Montgomery Scott LLC purchased a new position in shares of Peloton Interactive, Inc. (NASDAQ:PTON – Get Rating) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 11,094 shares of the company’s stock, valued at approximately $88,000.

Several other hedge funds and other institutional investors have also bought and sold shares of PTON. Cetera Advisor Networks LLC increased its holdings in shares of Peloton Interactive by 34.6% during the first quarter. Cetera Advisor Networks LLC now owns 8,077 shares of the company’s stock worth $213,000 after purchasing an additional 2,078 shares during the period. Private Advisor Group LLC raised its holdings in Peloton Interactive by 44.6% in the 1st quarter. Private Advisor Group LLC now owns 12,635 shares of the company’s stock valued at $334,000 after acquiring an additional 3,896 shares in the last quarter. MetLife Investment Management LLC bought a new stake in shares of Peloton Interactive during the 1st quarter valued at $509,000. Panagora Asset Management Inc. grew its holdings in shares of Peloton Interactive by 18.6% during the 1st quarter. Panagora Asset Management Inc. now owns 21,337 shares of the company’s stock worth $564,000 after purchasing an additional 3,347 shares in the last quarter. Finally, Rhumbline Advisers increased its position in shares of Peloton Interactive by 1.7% in the first quarter. Rhumbline Advisers now owns 263,774 shares of the company’s stock worth $6,969,000 after purchasing an additional 4,384 shares during the period. Institutional investors and hedge funds own 74.43% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on PTON. BNP Paribas downgraded shares of Peloton Interactive from a “neutral” rating to an “underperform” rating and set a $8.00 price objective on the stock. in a research note on Thursday, February 2nd. The Goldman Sachs Group boosted their price objective on shares of Peloton Interactive from $12.00 to $14.00 and gave the company a “neutral” rating in a research report on Thursday, February 2nd. Bank of America upped their target price on Peloton Interactive from $16.00 to $19.00 and gave the stock a “buy” rating in a research note on Thursday, February 2nd. Barclays lowered their price target on Peloton Interactive from $19.00 to $17.00 in a report on Monday. Finally, Piper Sandler boosted their target price on Peloton Interactive from $12.00 to $17.00 and gave the stock a “neutral” rating in a research note on Thursday, February 2nd. Two equities research analysts have rated the stock with a sell rating, fourteen have issued a hold rating and ten have given a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $14.67.

Peloton Interactive Price Performance

Shares of NASDAQ PTON opened at $6.86 on Friday. The company has a current ratio of 2.24, a quick ratio of 1.47 and a debt-to-equity ratio of 54.95. The firm’s 50-day moving average price is $10.13 and its 200-day moving average price is $10.79. The firm has a market capitalization of $2.37 billion, a P/E ratio of -1.03 and a beta of 1.91. Peloton Interactive, Inc. has a 1-year low of $6.66 and a 1-year high of $17.83.

Peloton Interactive (NASDAQ:PTON – Get Rating) last announced its quarterly earnings results on Thursday, May 4th. The company reported ($0.79) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.53) by ($0.26). The firm had revenue of $748.90 million during the quarter, compared to the consensus estimate of $708.78 million. Peloton Interactive had a negative return on equity of 686.29% and a negative net margin of 79.82%. The firm’s revenue was down 22.3% on a year-over-year basis. During the same quarter in the previous year, the company posted ($0.98) EPS. Equities research analysts anticipate that Peloton Interactive, Inc. will post -3.35 earnings per share for the current fiscal year.

Peloton Interactive Company Profile

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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, and Peloton Tread+ names. It 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.