By otakuyassine3@gmail.com 
Peloton Interactive, Inc. (NASDAQ:PTON – Get Free Report) hit a new 52-week high on Tuesday . The company traded as high as $10.64 and last traded at $10.58, with a volume of 5685352 shares traded. The stock had previously closed at $10.25.
Wall Street Analysts Forecast Growth
Several equities research analysts have issued reports on the company. Robert W. Baird raised their price target on Peloton Interactive from $4.75 to $8.00 and gave the company a “neutral” rating in a report on Friday, November 1st. Sanford C. Bernstein lifted their target price on shares of Peloton Interactive from $4.25 to $6.50 and gave the stock a “market perform” rating in a report on Friday, November 1st. Macquarie raised their price objective on shares of Peloton Interactive from $4.90 to $9.00 and gave the stock a “neutral” rating in a research report on Friday, November 1st. Morgan Stanley upped their target price on Peloton Interactive from $3.50 to $5.00 and gave the company an “equal weight” rating in a research report on Friday, November 1st. Finally, Roth Mkm upped their price objective on Peloton Interactive from $5.00 to $6.00 and gave the company a “buy” rating in a report on Friday, August 23rd. Sixteen analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $6.97.
Check Out Our Latest Stock Analysis on Peloton Interactive
Peloton Interactive Trading Down 2.2 %
The stock has a market capitalization of $3.52 billion, a PE ratio of -8.63 and a beta of 1.90. The stock’s fifty day simple moving average is $8.03 and its 200-day simple moving average is $5.36.
Peloton Interactive (NASDAQ:PTON – Get Free Report) last announced its quarterly earnings results on Thursday, October 31st. The company reported ($0.16) earnings per share for the quarter, missing the consensus estimate of ($0.15) by ($0.01). The firm had revenue of $586.00 million during the quarter, compared to analysts’ expectations of $572.97 million. During the same quarter in the previous year, the company posted ($0.44) EPS. The firm’s revenue for the quarter was down 1.6% on a year-over-year basis. As a group, analysts anticipate that Peloton Interactive, Inc. will post -0.38 earnings per share for the current fiscal year.
Insider Buying and Selling at Peloton Interactive
In other news, CAO Saqib Baig sold 36,776 shares of the stock in a transaction dated Monday, November 18th. The stock was sold at an average price of $7.53, for a total transaction of $276,923.28. Following the transaction, the chief accounting officer now directly owns 137,357 shares in the company, valued at approximately $1,034,298.21. This represents a 21.12 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Karen Boone sold 13,484 shares of the company’s stock in a transaction on Friday, November 1st. The shares were sold at an average price of $8.27, for a total transaction of $111,512.68. Following the completion of the sale, the chief executive officer now directly owns 211,459 shares of the company’s stock, valued at $1,748,765.93. This trade represents a 5.99 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 430,539 shares of company stock valued at $3,260,596 in the last 90 days. Corporate insiders own 1.34% of the company’s stock.
Hedge Funds Weigh In On Peloton Interactive
Several institutional investors and hedge funds have recently modified their holdings of PTON. Mercer Global Advisors Inc. ADV purchased a new position in Peloton Interactive during the 2nd quarter valued at approximately $27,000. Skylands Capital LLC purchased a new position in Peloton Interactive in the second quarter valued at about $30,000. Point72 Asia Singapore Pte. Ltd. lifted its position in Peloton Interactive by 31.9% during the third quarter. Point72 Asia Singapore Pte. Ltd. now owns 6,605 shares of the company’s stock valued at $31,000 after acquiring an additional 1,597 shares during the last quarter. Nisa Investment Advisors LLC lifted its holdings in shares of Peloton Interactive by 1,836.7% during the 2nd quarter. Nisa Investment Advisors LLC now owns 9,490 shares of the company’s stock valued at $32,000 after purchasing an additional 9,000 shares during the last quarter. Finally, Schneider Downs Wealth Management Advisors LP purchased a new position in shares of Peloton Interactive in the 2nd quarter valued at approximately $35,000. 77.01% of the stock is currently owned by institutional investors.
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.
Further Reading
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