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

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

Other equities research analysts have also issued research reports about the company. Telsey Advisory Group dropped their price target on Peloton Interactive from $8.00 to $6.00 and set a “market perform” rating for the company in a research note on Friday, February 6th. UBS Group restated a “buy” rating on shares of Peloton Interactive in a research report on Tuesday, February 3rd. Macquarie Infrastructure upped their target price on Peloton Interactive from $11.00 to $12.00 and gave the stock an “outperform” rating in a research note on Tuesday, November 11th. Citigroup reduced their price target on shares of Peloton Interactive from $8.25 to $5.00 and set a “neutral” rating on the stock in a research report on Thursday, February 12th. Finally, JPMorgan Chase & Co. lowered their price objective on shares of Peloton Interactive from $9.00 to $6.00 and set a “neutral” rating for the company in a report on Friday, February 6th. Seven 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. According to MarketBeat, the company presently has an average rating of “Hold” and an average price target of $8.42.

Peloton Interactive Price Performance

PTON stock opened at $4.02 on Friday. Peloton Interactive has a one year low of $3.95 and a one year high of $9.20. The stock has a market cap of $1.71 billion, a PE ratio of -30.92, a P/E/G ratio of 0.81 and a beta of 2.41. The firm has a 50 day simple moving average of $5.53 and a two-hundred day simple moving average of $6.80.

Peloton Interactive (NASDAQ:PTON) last posted its quarterly earnings data on Thursday, February 5th. The company reported ($0.09) earnings per share for the quarter, missing the consensus estimate of ($0.07) by ($0.02). The firm had revenue of $656.50 million for the quarter, compared to analysts’ expectations of $675.04 million. During the same quarter in the prior year, the business posted ($0.24) EPS. The business’s quarterly revenue was down 2.5% on a year-over-year basis. On average, research analysts expect that Peloton Interactive will post -0.36 EPS for the current fiscal year.

Insider Transactions at Peloton Interactive

In related news, insider Jennifer Cunningham Cotter sold 154,497 shares of Peloton Interactive stock in a transaction on Friday, February 20th. The shares were sold at an average price of $4.41, for a total value of $681,331.77. Following the transaction, the insider directly owned 100,269 shares of the company’s stock, valued at $442,186.29. The trade was a 60.64% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Nick V. Caldwell sold 75,762 shares of the firm’s stock in a transaction on Friday, January 9th. The stock was sold at an average price of $7.00, for a total transaction of $530,334.00. Following the completion of the sale, the insider directly owned 764,220 shares in the company, valued at approximately $5,349,540. This trade represents a 9.02% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last three months, insiders have sold 1,079,910 shares of company stock valued at $5,144,999. 1.30% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Vident Advisory LLC grew its position in shares of Peloton Interactive by 1.1% in the 2nd quarter. Vident Advisory LLC now owns 110,258 shares of the company’s stock worth $765,000 after buying an additional 1,180 shares during the last quarter. Cresset Asset Management LLC raised its holdings in shares of Peloton Interactive by 11.9% during the third quarter. Cresset Asset Management LLC now owns 12,748 shares of the company’s stock valued at $115,000 after acquiring an additional 1,354 shares in the last quarter. Kirr Marbach & Co. LLC IN lifted its stake in Peloton Interactive by 0.3% in the third quarter. Kirr Marbach & Co. LLC IN now owns 471,946 shares of the company’s stock worth $4,248,000 after acquiring an additional 1,464 shares during the period. Vise Technologies Inc. boosted its holdings in Peloton Interactive by 10.3% in the third quarter. Vise Technologies Inc. now owns 15,680 shares of the company’s stock valued at $141,000 after acquiring an additional 1,466 shares in the last quarter. Finally, Principal Financial Group Inc. increased its position in Peloton Interactive by 6.0% during the 3rd quarter. Principal Financial Group Inc. now owns 27,126 shares of the company’s stock valued at $244,000 after purchasing an additional 1,526 shares during the period. Institutional investors own 77.01% of the company’s stock.

Peloton Interactive Company Profile

Peloton Interactive, Inc operates a digital fitness platform that combines connected exercise equipment with live and on-demand workout classes. The company’s core products include stationary bikes (Peloton Bike and Bike+), treadmills (Peloton Tread and Tread+), and the Peloton Row. Each device integrates a touchscreen display that streams instructor-led cycling, running, strength, yoga, meditation and other fitness classes. Peloton generates recurring revenue through subscription plans, which grant users access to its growing library of workouts, performance tracking tools and community features.

Founded in 2012 by John Foley and headquartered in New York City, Peloton set out to deliver an immersive home-fitness experience by blending hardware, software and content.