Peloton Interactive (NASDAQ:PTON) Rating Increased to Buy at Argus

Argus upgraded shares of Peloton Interactive (NASDAQ:PTON) from a hold rating to a buy rating in a research note issued to investors on Tuesday morning, MarketBeat.com reports. They currently have $15.00 price objective on the stock.

Other research analysts also recently issued research reports about the company. Truist Financial lifted their price objective on Peloton Interactive from $6.00 to $10.00 and gave the company a “hold” rating in a research report on Friday, November 1st. Robert W. Baird increased their price objective on shares of Peloton Interactive from $4.75 to $8.00 and gave the stock a “neutral” rating in a research note on Friday, November 1st. Macquarie restated a “neutral” rating and set a $9.00 price objective on shares of Peloton Interactive in a research report on Monday. Telsey Advisory Group reaffirmed a “market perform” rating and issued a $11.00 target price on shares of Peloton Interactive in a report on Monday, February 3rd. Finally, JPMorgan Chase & Co. raised their price target on Peloton Interactive from $5.00 to $7.00 and gave the company a “neutral” rating in a report on Friday, November 1st. Sixteen investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $8.38.

Peloton Interactive Price Performance

PTON stock opened at $8.74 on Tuesday. Peloton Interactive has a 1 year low of $2.70 and a 1 year high of $10.90. The stock’s fifty day moving average price is $8.90 and its 200-day moving average price is $6.71. The company has a market cap of $3.33 billion, a P/E ratio of -11.35 and a beta of 1.95.

Peloton Interactive (NASDAQ:PTON) last posted its quarterly earnings data on Thursday, February 6th. The company reported ($0.24) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.20) by ($0.04). As a group, analysts expect that Peloton Interactive will post -0.39 earnings per share for the current year.

Insider Buying and Selling

In other Peloton Interactive news, Director Karen Boone sold 17,259 shares of Peloton Interactive stock in a transaction on Thursday, January 2nd. The shares were sold at an average price of $8.63, for a total transaction of $148,945.17. Following the completion of the transaction, the director now directly owns 244,641 shares of the company’s stock, valued at $2,111,251.83. The trade was a 6.59 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Andrew S. Rendich sold 138,391 shares of the stock in a transaction on Monday, November 18th. The shares were sold at an average price of $7.51, for a total transaction of $1,039,316.41. Following the completion of the sale, the insider now directly owns 287,973 shares in the company, valued at approximately $2,162,677.23. This represents a 32.46 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 395,813 shares of company stock worth $3,041,724. Corporate insiders own 1.34% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of PTON. R Squared Ltd bought a new stake in shares of Peloton Interactive during the 4th quarter worth approximately $28,000. Point72 Asia Singapore Pte. Ltd. boosted its stake in shares of 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 purchasing an additional 1,597 shares during the period. Verdence Capital Advisors LLC bought a new position in shares of Peloton Interactive in the third quarter worth about $52,000. Ballentine Partners LLC purchased a new position in Peloton Interactive in the 3rd quarter worth about $55,000. Finally, Sanctuary Advisors LLC bought a new stake in Peloton Interactive during the 3rd quarter valued at about $58,000. Hedge funds and other 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.