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

Peloton Interactive (NASDAQ:PTON) was upgraded by Wall Street Zen from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Saturday.

Other equities research analysts also recently issued research reports about the company. Morgan Stanley upped their price target on Peloton Interactive from $6.00 to $6.50 and gave the stock an “equal weight” rating in a report on Wednesday, November 19th. Telsey Advisory Group reduced their target price on shares of 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. Bank of America set a $9.00 target price on shares of Peloton Interactive in a report on Friday, January 30th. Zacks Research cut shares of Peloton Interactive from a “strong-buy” rating to a “hold” rating in a report on Tuesday, February 24th. Finally, Truist Financial reduced their price objective on shares of Peloton Interactive from $12.00 to $9.00 and set a “buy” rating for the company in a research report on Friday, February 6th. Seven equities research analysts have rated the stock with a Buy rating, nine have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, Peloton Interactive presently has a consensus rating of “Hold” and a consensus target price of $8.42.

Peloton Interactive Price Performance

NASDAQ:PTON 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 company has a market cap of $1.71 billion, a PE ratio of -30.92, a PEG ratio of 0.79 and a beta of 2.47. The firm has a 50-day moving average of $5.53 and a 200-day moving average of $6.78.

Peloton Interactive (NASDAQ:PTON) last announced its quarterly earnings results 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 company had revenue of $656.50 million for the quarter, compared to analyst estimates of $675.04 million. The business’s quarterly revenue was down 2.5% compared to the same quarter last year. During the same quarter last year, the firm posted ($0.24) earnings per share. On average, equities research analysts expect that Peloton Interactive will post -0.36 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, COO Charles Peter Kirol sold 6,419 shares of Peloton Interactive stock in a transaction that occurred on Tuesday, February 17th. The shares were sold at an average price of $4.14, for a total value of $26,574.66. Following the sale, the chief operating officer owned 88,408 shares of the company’s stock, valued at approximately $366,009.12. The trade was a 6.77% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Dion C. Sanders sold 146,844 shares of the stock in a transaction on Friday, February 20th. The shares were sold at an average price of $4.41, for a total value of $647,582.04. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders have sold 1,079,910 shares of company stock valued at $5,144,999. Company insiders own 1.30% of the company’s stock.

Institutional Trading of Peloton Interactive

Several hedge funds have recently made changes to their positions in PTON. Bessemer Group Inc. grew its stake in shares of Peloton Interactive by 1,602.6% during the 2nd quarter. Bessemer Group Inc. now owns 5,312 shares of the company’s stock worth $37,000 after acquiring an additional 5,000 shares during the period. Advisory Services Network LLC purchased a new stake in Peloton Interactive during the third quarter valued at about $48,000. MAI Capital Management lifted its holdings in Peloton Interactive by 64.6% during the second quarter. MAI Capital Management now owns 5,498 shares of the company’s stock valued at $38,000 after purchasing an additional 2,158 shares during the last quarter. Quarry LP bought a new position in Peloton Interactive during the third quarter worth about $71,000. Finally, Farther Finance Advisors LLC increased its stake in shares of Peloton Interactive by 158.3% in the third quarter. Farther Finance Advisors LLC now owns 7,986 shares of the company’s stock worth $72,000 after purchasing an additional 4,894 shares in the last quarter. 77.01% of the stock is currently owned by institutional investors.

About Peloton Interactive

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.