Peloton Interactive (NASDAQ:PTON) Coverage Initiated by Analysts at Guggenheim

Stock analysts at Guggenheim assumed coverage on shares of Peloton Interactive (NASDAQ:PTON) in a research report issued on Wednesday,Benzinga reports. The firm set a “neutral” rating on the stock.

A number of other analysts have also weighed in on PTON. Citigroup lowered their price target on shares of Peloton Interactive from $9.50 to $8.25 and set a “neutral” rating for the company in a report on Thursday, November 20th. Telsey Advisory Group restated a “market perform” rating and set a $9.00 target price on shares of Peloton Interactive in a research report on Monday, November 3rd. Weiss Ratings reiterated a “sell (d-)” rating on shares of Peloton Interactive in a report on Tuesday, October 14th. Morgan Stanley boosted their price objective on Peloton Interactive from $6.00 to $6.50 and gave the stock an “equal weight” rating in a report on Wednesday, November 19th. Finally, Truist Financial raised their target price on shares of Peloton Interactive from $11.00 to $12.00 and gave the company a “buy” rating in a research note on Friday, November 7th. Eight investment analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, Peloton Interactive has a consensus rating of “Hold” and a consensus target price of $9.86.

Peloton Interactive Stock Performance

Shares of PTON opened at $6.77 on Wednesday. The stock has a fifty day moving average price of $7.26 and a two-hundred day moving average price of $7.28. Peloton Interactive has a 52-week low of $4.63 and a 52-week high of $10.90. The company has a market cap of $2.83 billion, a price-to-earnings ratio of -24.18, a PEG ratio of 1.87 and a beta of 2.46.

Peloton Interactive (NASDAQ:PTON) last issued its quarterly earnings data on Thursday, November 6th. The company reported $0.03 EPS for the quarter, topping analysts’ consensus estimates of $0.01 by $0.02. The company had revenue of $550.80 million for the quarter, compared to the consensus estimate of $540.61 million. Peloton Interactive’s quarterly revenue was down 6.0% on a year-over-year basis. As a group, research analysts predict that Peloton Interactive will post -0.36 EPS for the current fiscal year.

Insider Buying and Selling

In other news, insider Dion C. Sanders sold 111,036 shares of Peloton Interactive stock in a transaction dated Thursday, November 20th. The stock was sold at an average price of $6.64, for a total transaction of $737,279.04. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CAO Saqib Baig sold 42,267 shares of the stock in a transaction on Monday, November 17th. The stock was sold at an average price of $7.25, for a total transaction of $306,435.75. Following the sale, the chief accounting officer directly owned 193,052 shares of the company’s stock, valued at $1,399,627. This represents a 17.96% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders sold 1,860,696 shares of company stock valued at $13,932,164. 1.30% of the stock is owned by company insiders.

Institutional Investors Weigh In On Peloton Interactive

Several institutional investors have recently bought and sold shares of PTON. Oder Investment Management LLC bought a new position in Peloton Interactive during the first quarter worth $336,000. D.A. Davidson & CO. bought a new position in Peloton Interactive in the 2nd quarter valued at about $338,000. Resolute Capital Asset Partners LLC acquired a new stake in Peloton Interactive during the first quarter worth approximately $790,000. Panagora Asset Management Inc. grew its position in shares of Peloton Interactive by 214.5% in the first quarter. Panagora Asset Management Inc. now owns 745,041 shares of the company’s stock valued at $4,709,000 after purchasing an additional 508,160 shares during the last quarter. Finally, Jump Financial LLC boosted its stake in Peloton Interactive by 236.5% in the 1st quarter. Jump Financial LLC now owns 2,394,660 shares of the company’s stock valued at $15,134,000 after purchasing an additional 1,683,053 shares during the period. Institutional investors own 77.01% of the company’s stock.

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.