Peloton Interactive (NASDAQ:PTON) Sets New 52-Week High – Should You Buy?

Peloton Interactive, Inc. (NASDAQ:PTON)’s share price 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 Analyst Weigh In

PTON has been the topic of a number of research reports. Robert W. Baird raised their target price 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. JPMorgan Chase & Co. boosted their price target on shares of Peloton Interactive from $5.00 to $7.00 and gave the stock a “neutral” rating in a research note on Friday, November 1st. TD Cowen lifted their price objective on Peloton Interactive from $3.00 to $4.00 and gave the stock a “hold” rating in a research report on Friday, August 23rd. Truist Financial raised their price target on shares of Peloton Interactive from $6.00 to $10.00 and gave the company a “hold” rating in a report on Friday, November 1st. Finally, Sanford C. Bernstein increased their price target on Peloton Interactive from $4.25 to $6.50 and gave the company a “market perform” rating in a report on Friday, November 1st. Sixteen analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, Peloton Interactive presently has a consensus rating of “Hold” and an average target price of $6.97.

Peloton Interactive Stock Performance

The business has a fifty day simple moving average of $8.03 and a 200-day simple moving average of $5.36. The firm has a market cap of $3.52 billion, a price-to-earnings ratio of -8.63 and a beta of 1.90.

Peloton Interactive (NASDAQ:PTON) last posted its quarterly earnings data on Thursday, October 31st. The company reported ($0.16) EPS for the quarter, missing the consensus estimate of ($0.15) by ($0.01). The company had revenue of $586.00 million during the quarter, compared to analyst estimates of $572.97 million. During the same quarter last year, the firm posted ($0.44) EPS. The company’s revenue was down 1.6% compared to the same quarter last year. On average, equities analysts anticipate that Peloton Interactive, Inc. will post -0.38 earnings per share for the current year.

Insider Buying and Selling

In related news, CEO Karen Boone sold 16,925 shares of Peloton Interactive stock in a transaction on Thursday, December 5th. The stock was sold at an average price of $9.64, for a total value of $163,157.00. Following the completion of the sale, the chief executive officer now owns 228,217 shares of the company’s stock, valued at $2,200,011.88. The trade was a 6.90 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Andrew S. Rendich sold 138,391 shares of the firm’s stock in a transaction dated Monday, November 18th. The stock was sold at an average price of $7.51, for a total value of $1,039,316.41. Following the completion of the transaction, the insider now directly owns 287,973 shares in the company, valued at $2,162,677.23. This trade represents a 32.46 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 430,539 shares of company stock valued at $3,260,596 over the last ninety days. 1.34% of the stock is owned by insiders.

Institutional Investors Weigh In On Peloton Interactive

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Mercer Global Advisors Inc. ADV purchased a new stake in shares of Peloton Interactive in the 2nd quarter valued at approximately $27,000. Skylands Capital LLC purchased a new stake in Peloton Interactive in the second quarter valued at approximately $30,000. Point72 Asia Singapore Pte. Ltd. raised its holdings in shares of Peloton Interactive by 31.9% in the third quarter. Point72 Asia Singapore Pte. Ltd. now owns 6,605 shares of the company’s stock valued at $31,000 after buying an additional 1,597 shares during the last quarter. Nisa Investment Advisors LLC grew its position in Peloton Interactive by 1,836.7% in the 2nd quarter. Nisa Investment Advisors LLC now owns 9,490 shares of the company’s stock valued at $32,000 after buying an additional 9,000 shares during the last quarter. Finally, Schneider Downs Wealth Management Advisors LP purchased a new stake in Peloton Interactive in the 2nd quarter valued at approximately $35,000. 77.01% of the stock is currently owned by hedge funds and other institutional investors.

About Peloton Interactive

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.