Peloton Interactive (NASDAQ:PTON – Get Rating) had its price target hoisted by Robert W. Baird from $12.00 to $14.00 in a research report sent to investors on Thursday morning, MarketBeat.com reports. The firm currently has a neutral rating on the stock.
Several other equities analysts also recently commented on PTON. Barclays increased their target price on shares of Peloton Interactive from $14.00 to $19.00 and gave the stock an overweight rating in a research report on Thursday. Telsey Advisory Group lowered their target price on shares of Peloton Interactive from $11.00 to $9.00 and set a market perform rating on the stock in a research report on Friday, October 28th. Bank of America lowered their target price on shares of Peloton Interactive from $19.00 to $16.00 and set a buy rating on the stock in a research report on Wednesday, November 2nd. Cowen downgraded Peloton Interactive from an outperform rating to a market perform rating and lowered their price target for the company from $14.00 to $12.00 in a research report on Monday, November 21st. Finally, Truist Financial lowered their price target on Peloton Interactive from $13.00 to $10.00 in a research report on Friday, November 4th. Three equities research analysts have rated the stock with a sell rating, fourteen have issued a hold rating and twelve have assigned a buy rating to the company. According to MarketBeat, the stock has a consensus rating of Hold and an average target price of $18.32.
Get Peloton Interactive alerts:Peloton Interactive Stock Down 1.5 %
Shares of PTON traded down $0.25 during mid-day trading on Thursday, reaching $16.73. The company's stock had a trading volume of 3,659,835 shares, compared to its average volume of 15,738,215. The company has a quick ratio of 1.40, a current ratio of 2.47 and a debt-to-equity ratio of 6.48. Peloton Interactive has a 1 year low of $6.66 and a 1 year high of $40.35. The business has a fifty day moving average of $10.89 and a 200 day moving average of $10.12. The company has a market cap of $5.69 billion, a price-to-earnings ratio of -2.09 and a beta of 1.97.
Peloton Interactive (NASDAQ:PTON – Get Rating) last announced its quarterly earnings data on Wednesday, February 1st. The company reported ($0.98) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.67) by ($0.31). Peloton Interactive had a negative return on equity of 154.92% and a negative net margin of 89.95%. The firm had revenue of $792.70 million for the quarter, compared to analysts' expectations of $712.30 million. During the same quarter in the prior year, the business posted ($1.39) earnings per share. Peloton Interactive's revenue was down 30.1% on a year-over-year basis. As a group, analysts forecast that Peloton Interactive will post -2.73 earnings per share for the current fiscal year.Institutional Inflows and Outflows
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in PTON. Cetera Advisor Networks LLC lifted its stake in Peloton Interactive by 34.6% during the first quarter. Cetera Advisor Networks LLC now owns 8,077 shares of the company's stock worth $213,000 after purchasing an additional 2,078 shares during the period. Private Advisor Group LLC lifted its stake in Peloton Interactive by 44.6% during the first quarter. Private Advisor Group LLC now owns 12,635 shares of the company's stock worth $334,000 after purchasing an additional 3,896 shares during the period. MetLife Investment Management LLC bought a new position in shares of Peloton Interactive in the first quarter valued at approximately $509,000. Panagora Asset Management Inc. raised its stake in shares of Peloton Interactive by 18.6% in the first quarter. Panagora Asset Management Inc. now owns 21,337 shares of the company's stock valued at $564,000 after acquiring an additional 3,347 shares during the last quarter. Finally, Rhumbline Advisers boosted its holdings in shares of Peloton Interactive by 1.7% in the 1st quarter. Rhumbline Advisers now owns 263,774 shares of the company's stock worth $6,969,000 after acquiring an additional 4,384 shares in the last quarter. Institutional investors own 74.43% of the company's stock.
About Peloton Interactive
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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, and Peloton Tread+ names. It also provides connected fitness subscriptions for various household users, and access to various live and on-demand classes, as well as Peloton Digital app for connected fitness subscribers to provide access to its classes.
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