Roth Mkm Trims Peloton Interactive (NASDAQ:PTON) Target Price to $5.00

Peloton Interactive (NASDAQ:PTON) had its target price cut by Roth Mkm from $7.00 to $5.00 in a report issued on Friday morning, Benzinga reports. They currently have a buy rating on the stock.

A number of other brokerages have also weighed in on PTON. Robert W. Baird reduced their price objective on Peloton Interactive from $5.00 to $3.50 and set a neutral rating on the stock in a research report on Friday. The Goldman Sachs Group cut their target price on Peloton Interactive from $6.50 to $5.75 and set a neutral rating on the stock in a report on Friday, February 2nd. Bank of America dropped their price objective on Peloton Interactive from $4.00 to $3.25 and set an underperform rating on the stock in a research note on Monday, April 29th. Sanford C. Bernstein downgraded Peloton Interactive from an outperform rating to a market perform rating and dropped their price target for the stock from $8.00 to $3.80 in a research note on Friday. Finally, Truist Financial dropped their price target on Peloton Interactive from $7.00 to $6.00 and set a hold rating on the stock in a research note on Friday, February 2nd. Three investment analysts have rated the stock with a sell rating, fourteen have issued a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of Hold and an average target price of $5.70.

Peloton Interactive Price Performance

PTON stock traded up $0.04 during mid-day trading on Friday, reaching $3.47. The company had a trading volume of 2,416,946 shares, compared to its average volume of 14,783,824. Peloton Interactive has a 52 week low of $2.70 and a 52 week high of $9.87. The company has a market capitalization of $1.27 billion, a price-to-earnings ratio of -1.62 and a beta of 2.01. The stock has a 50 day simple moving average of $3.93 and a two-hundred day simple moving average of $4.87.

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

Insider Buying and Selling at Peloton Interactive

In other Peloton Interactive news, CFO Elizabeth F. Coddington sold 8,977 shares of the stock in a transaction that occurred on Thursday, March 14th. The shares were sold at an average price of $4.34, for a total transaction of $38,960.18. Following the completion of the sale, the chief financial officer now directly owns 104,428 shares of the company’s stock, valued at approximately $453,217.52. The sale was disclosed in a legal filing with the SEC, which is available at this link. Insiders own 3.28% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of PTON. Johnson & White Wealth Management LLC bought a new stake in Peloton Interactive in the first quarter worth $43,000. Abundance Wealth Counselors bought a new stake in shares of Peloton Interactive during the first quarter worth $46,000. Rakuten Securities Inc. bought a new stake in shares of Peloton Interactive during the fourth quarter worth $47,000. Carl P. Sherr & Co. LLC bought a new stake in shares of Peloton Interactive during the third quarter worth $55,000. Finally, Clear Harbor Asset Management LLC bought a new stake in shares of Peloton Interactive during the fourth quarter worth $78,000. 77.01% of the stock is currently owned by institutional investors.

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.