Peloton Interactive (NASDAQ:PTON) Stock Price Up 10.9%

Peloton Interactive, Inc. (NASDAQ:PTON)’s share price traded up 10.9% during mid-day trading on Thursday . The stock traded as high as $4.38 and last traded at $4.37. 16,717,025 shares were traded during mid-day trading, an increase of 7% from the average session volume of 15,619,540 shares. The stock had previously closed at $3.94.

Analysts Set New Price Targets

A number of brokerages have recently commented on PTON. Oppenheimer reaffirmed an “outperform” rating on shares of Peloton Interactive in a research report on Tuesday. Truist Financial cut their price target on Peloton Interactive from $7.00 to $6.00 and set a “hold” rating on the stock in a report on Friday, February 2nd. Needham & Company LLC restated a “hold” rating on shares of Peloton Interactive in a research note on Friday, May 3rd. JPMorgan Chase & Co. cut their target price on 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, Robert W. Baird lowered their price target on shares of Peloton Interactive from $5.00 to $3.50 and set a “neutral” rating on the stock in a report on Friday, May 3rd. Three research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $5.11.

Peloton Interactive Trading Up 13.2 %

The firm has a market capitalization of $1.64 billion, a PE ratio of -2.11 and a beta of 2.01. The firm’s fifty day moving average price is $3.88 and its 200 day moving average price is $4.85.

Peloton Interactive (NASDAQ:PTON) last released its quarterly earnings data on Thursday, May 2nd. The company reported ($0.45) EPS for the quarter, missing analysts’ consensus estimates of ($0.39) by ($0.06). The firm had revenue of $717.70 million during the quarter, compared to analyst estimates of $720.85 million. The business’s revenue was down 4.2% on a year-over-year basis. During the same quarter in the prior year, the firm posted ($0.79) EPS. On average, analysts predict that Peloton Interactive, Inc. will post -1.61 earnings per share for the current year.

Insider Buying and Selling

In related news, CFO Elizabeth F. Coddington sold 8,977 shares of the company’s stock in a transaction on Thursday, March 14th. The stock was sold at an average price of $4.34, for a total transaction of $38,960.18. Following the transaction, 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 filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 3.28% of the company’s stock.

Institutional Investors Weigh In On Peloton Interactive

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Johnson & White Wealth Management LLC acquired a new position in Peloton Interactive during the 1st quarter worth approximately $43,000. Abundance Wealth Counselors bought a new stake in shares of Peloton Interactive in the first quarter worth $46,000. Rakuten Securities Inc. acquired a new stake in Peloton Interactive in the fourth quarter valued at $47,000. Carl P. Sherr & Co. LLC bought a new position in Peloton Interactive during the 3rd quarter valued at $55,000. Finally, Clear Harbor Asset Management LLC acquired a new position in Peloton Interactive during the 4th quarter worth $78,000. 77.01% of the stock is currently owned by institutional investors and hedge funds.

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.