Peloton Interactive (NASDAQ:PTON) Stock Rating Upgraded by Wall Street Zen

Peloton Interactive (NASDAQ:PTON) was upgraded by research analysts at Wall Street Zen from a “hold” rating to a “buy” rating in a research note issued on Friday.

A number of other analysts have also recently issued reports on PTON. Canaccord Genuity Group reaffirmed a “buy” rating and issued a $10.00 price objective on shares of Peloton Interactive in a research report on Thursday. UBS Group raised Peloton Interactive from a “neutral” rating to a “buy” rating and lifted their price target for the stock from $7.50 to $11.00 in a report on Wednesday, July 30th. Macquarie lifted their price target on Peloton Interactive from $10.00 to $11.00 and gave the stock an “outperform” rating in a report on Thursday, August 14th. Truist Financial set a $11.00 price target on Peloton Interactive in a report on Thursday, August 7th. Finally, Telsey Advisory Group lifted their price target on Peloton Interactive from $8.00 to $9.00 and gave the stock a “market perform” rating in a report on Thursday. Eight equities research analysts have rated the stock with a Buy rating, nine have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $9.36.

Peloton Interactive Stock Down 1.2%

PTON opened at $8.58 on Friday. Peloton Interactive has a 12-month low of $4.52 and a 12-month high of $10.90. The stock has a market cap of $3.50 billion, a price-to-earnings ratio of -27.68, a PEG ratio of 3.30 and a beta of 2.27. The business has a 50 day moving average of $7.86 and a 200-day moving average of $6.97.

Peloton Interactive (NASDAQ:PTON) last released its quarterly earnings data on Thursday, August 7th. The company reported $0.05 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.07) by $0.12. The business had revenue of $606.90 million during the quarter, compared to analyst estimates of $580.29 million. During the same period in the previous year, the business earned ($0.08) earnings per share. The business’s quarterly revenue was down 5.8% on a year-over-year basis. Peloton Interactive has set its FY 2025 guidance at EPS. As a group, analysts expect that Peloton Interactive will post -0.36 earnings per share for the current year.

Insiders Place Their Bets

In other news, CFO Elizabeth F. Coddington sold 238,664 shares of Peloton Interactive stock in a transaction on Tuesday, September 16th. The stock was sold at an average price of $7.85, for a total value of $1,873,512.40. Following the transaction, the chief financial officer owned 346,535 shares in the company, valued at approximately $2,720,299.75. This trade represents a 40.78% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Dion C. Sanders sold 127,911 shares of Peloton Interactive stock in a transaction on Tuesday, September 16th. The shares were sold at an average price of $7.78, for a total value of $995,147.58. Following the completion of the transaction, the insider owned 110,753 shares in the company, valued at approximately $861,658.34. The trade was a 53.59% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 1,851,961 shares of company stock worth $14,775,168. 1.34% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Peloton Interactive

Several hedge funds have recently modified their holdings of PTON. Wealth Enhancement Advisory Services LLC acquired a new stake in shares of Peloton Interactive during the 4th quarter valued at $108,000. GAMMA Investing LLC boosted its holdings in shares of Peloton Interactive by 1,082.5% during the 1st quarter. GAMMA Investing LLC now owns 8,159 shares of the company’s stock valued at $52,000 after acquiring an additional 7,469 shares in the last quarter. Rhumbline Advisers boosted its holdings in shares of Peloton Interactive by 5.8% during the 1st quarter. Rhumbline Advisers now owns 507,138 shares of the company’s stock valued at $3,205,000 after acquiring an additional 28,004 shares in the last quarter. Merit Financial Group LLC acquired a new stake in shares of Peloton Interactive during the 1st quarter valued at $67,000. Finally, Procyon Advisors LLC acquired a new stake in shares of Peloton Interactive during the 1st quarter valued at $345,000. Institutional investors and hedge funds own 77.01% of the company’s stock.

About Peloton Interactive

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.