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 report published on Tuesday morning, Marketbeat reports. They currently have $15.00 target price on the stock.

A number of other research firms have also weighed in on PTON. Citigroup decreased their target price on Peloton Interactive from $11.00 to $10.00 and set a “neutral” rating on the stock in a report on Monday. The Goldman Sachs Group boosted their price target on Peloton Interactive from $8.00 to $10.00 and gave the company a “neutral” rating in a research note on Monday. Truist Financial boosted their price target on Peloton Interactive from $6.00 to $10.00 and gave the company a “hold” rating in a research note on Friday, November 1st. Bank of America upgraded Peloton Interactive from an “underperform” rating to a “buy” rating and boosted their price target for the company from $3.75 to $9.00 in a research note on Monday, November 4th. Finally, UBS Group upgraded Peloton Interactive from a “sell” rating to a “neutral” rating and upped their target price for the company from $2.50 to $10.00 in a research report on Friday, December 6th. Sixteen research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $8.38.

Peloton Interactive Stock Up 10.6 %

NASDAQ:PTON opened at $10.15 on Tuesday. The firm has a market capitalization of $3.87 billion, a price-to-earnings ratio of -13.18 and a beta of 1.95. Peloton Interactive has a twelve month low of $2.70 and a twelve month high of $10.90. The stock’s 50 day moving average price is $8.87 and its two-hundred day moving average price is $6.77.

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

Insiders Place Their Bets

In other news, Director Karen Boone sold 17,259 shares of the stock in a transaction dated Thursday, January 2nd. The stock was sold at an average price of $8.63, for a total value of $148,945.17. Following the completion of the sale, the director now owns 244,641 shares of the company’s stock, valued at approximately $2,111,251.83. This represents a 6.59 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Andrew S. Rendich sold 138,391 shares of the stock in a transaction dated Monday, November 18th. The shares were sold at an average price of $7.51, for a total value of $1,039,316.41. Following the completion of the sale, the insider now directly owns 287,973 shares of the company’s stock, valued at approximately $2,162,677.23. The trade was a 32.46 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 395,813 shares of company stock valued at $3,041,724 in the last 90 days. Corporate insiders own 1.34% of the company’s stock.

Institutional Investors Weigh In On Peloton Interactive

Several institutional investors and hedge funds have recently made changes to their positions in PTON. AQR Capital Management LLC increased its stake in shares of Peloton Interactive by 689.6% in the second quarter. AQR Capital Management LLC now owns 123,736 shares of the company’s stock valued at $418,000 after buying an additional 108,065 shares during the period. The Manufacturers Life Insurance Company grew its stake in Peloton Interactive by 253.7% during the second quarter. The Manufacturers Life Insurance Company now owns 181,589 shares of the company’s stock worth $614,000 after purchasing an additional 130,242 shares during the period. Cubist Systematic Strategies LLC boosted its holdings in Peloton Interactive by 99.8% in the second quarter. Cubist Systematic Strategies LLC now owns 56,208 shares of the company’s stock worth $190,000 after acquiring an additional 28,070 shares in the last quarter. nVerses Capital LLC boosted its holdings in Peloton Interactive by 57.1% in the third quarter. nVerses Capital LLC now owns 30,000 shares of the company’s stock worth $140,000 after acquiring an additional 10,900 shares in the last quarter. Finally, Kohmann Bosshard Financial Services LLC boosted its holdings in Peloton Interactive by 50.0% in the third quarter. Kohmann Bosshard Financial Services LLC now owns 15,000 shares of the company’s stock worth $70,000 after acquiring an additional 5,000 shares in the last quarter. Institutional investors and hedge funds 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.