Peloton Interactive (NASDAQ:PTON) Rating Reiterated by Oppenheimer

Peloton Interactive (NASDAQ:PTON)‘s stock had its “outperform” rating restated by Oppenheimer in a report issued on Tuesday, Benzinga reports.

Several other research firms have also issued reports on PTON. Truist Financial reduced their target price on Peloton Interactive from $7.00 to $6.00 and set a “hold” rating on the stock in a report on Friday, February 2nd. BMO Capital Markets reduced their price objective on shares of Peloton Interactive from $7.50 to $6.50 and set a “market perform” rating on the stock in a research note on Friday, May 3rd. Citigroup cut shares of Peloton Interactive from a “buy” rating to a “neutral” rating and dropped their target price for the company from $8.00 to $4.00 in a research report on Monday. JPMorgan Chase & Co. decreased their price objective on shares of Peloton Interactive from $8.00 to $7.00 and set an “overweight” rating on the stock in a research note on Friday, May 3rd. Finally, Sanford C. Bernstein cut Peloton Interactive from an “outperform” rating to a “market perform” rating and cut their target price for the stock from $8.00 to $3.80 in a research note on Friday, May 3rd. Three analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, Peloton Interactive has an average rating of “Hold” and an average price target of $5.11.

Peloton Interactive Stock Performance

NASDAQ:PTON opened at $3.94 on Tuesday. Peloton Interactive has a 52 week low of $2.70 and a 52 week high of $9.87. The firm’s 50-day simple moving average is $3.89 and its 200 day simple moving average is $4.85. The firm has a market cap of $1.45 billion, a price-to-earnings ratio of -1.87 and a beta of 2.01.

Peloton Interactive (NASDAQ:PTON) last announced its earnings results on Thursday, May 2nd. The company reported ($0.45) EPS for the quarter, missing the consensus estimate of ($0.39) by ($0.06). The firm had revenue of $717.70 million for the quarter, compared to the consensus estimate of $720.85 million. The company’s revenue for the quarter was down 4.2% on a year-over-year basis. During the same quarter in the previous year, the company earned ($0.79) earnings per share. Sell-side analysts anticipate that Peloton Interactive will post -1.61 EPS for the current year.

Insider Transactions at Peloton Interactive

In related news, CFO Elizabeth F. Coddington sold 8,977 shares of the business’s stock in a transaction on Thursday, March 14th. The shares were sold at an average price of $4.34, for a total value of $38,960.18. Following the sale, the chief financial officer now owns 104,428 shares of the company’s stock, valued at $453,217.52. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 3.28% of the stock is owned by company insiders.

Institutional Trading of Peloton Interactive

Several institutional investors have recently added to or reduced their stakes in PTON. Johnson & White Wealth Management LLC bought a new position in Peloton Interactive during the 1st quarter worth approximately $43,000. Abundance Wealth Counselors bought a new position in Peloton Interactive during the first quarter worth $46,000. Rakuten Securities Inc. acquired a new position in Peloton Interactive in the fourth quarter valued at $47,000. Carl P. Sherr & Co. LLC acquired a new position in Peloton Interactive in the third quarter valued at $55,000. Finally, Clear Harbor Asset Management LLC bought a new stake in Peloton Interactive during the fourth quarter valued at $78,000. 77.01% of the stock is currently 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.