Peloton Interactive (NASDAQ:PTON) Receives “Market Perform” Rating from JMP Securities

JMP Securities reiterated their market perform rating on shares of Peloton Interactive (NASDAQ:PTON) in a research note published on Friday morning,Benzinga reports.

A number of other equities analysts also recently weighed in on the stock. Robert W. Baird boosted their price target on shares of Peloton Interactive from $4.75 to $8.00 and gave the stock a “neutral” rating in a report on Friday, November 1st. Truist Financial increased their target price on shares of Peloton Interactive from $6.00 to $10.00 and gave the company a “hold” rating in a research report on Friday, November 1st. Sanford C. Bernstein increased their price objective on Peloton Interactive from $4.25 to $6.50 and gave the company a “market perform” rating in a report on Friday, November 1st. Telsey Advisory Group reiterated a “market perform” rating and set a $11.00 price target on shares of Peloton Interactive in a research note on Monday, February 3rd. Finally, Needham & Company LLC reaffirmed a “hold” rating on shares of Peloton Interactive in a report on Thursday. Sixteen investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $7.10.

Peloton Interactive Trading Down 1.4 %

Shares of PTON stock opened at $8.37 on Friday. The firm has a 50-day moving average of $8.96 and a 200-day moving average of $6.60. Peloton Interactive has a one year low of $2.70 and a one year high of $10.90.

Peloton Interactive (NASDAQ:PTON) last posted its earnings results on Thursday, February 6th. The company reported ($0.24) EPS for the quarter, missing the consensus estimate of ($0.20) by ($0.04). On average, sell-side analysts forecast that Peloton Interactive will post -0.39 EPS for the current year.

Insider Transactions at Peloton Interactive

In other Peloton Interactive news, insider Andrew S. Rendich sold 138,391 shares of the business’s 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. The trade was a 32.46 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Elizabeth F. Coddington sold 186,462 shares of Peloton Interactive stock in a transaction on Monday, November 18th. The stock was sold at an average price of $7.58, for a total value of $1,413,381.96. Following the completion of the sale, the chief financial officer now directly owns 223,017 shares of the company’s stock, valued at $1,690,468.86. The trade was a 45.54 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 395,813 shares of company stock worth $3,041,724. Corporate insiders own 1.34% of the company’s stock.

Institutional Trading of Peloton Interactive

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in PTON. Gtcr LLC bought a new stake in shares of Peloton Interactive during the 3rd quarter valued at $65,520,000. Hennessy Advisors Inc. bought a new position in shares of Peloton Interactive in the fourth quarter worth about $85,260,000. Assenagon Asset Management S.A. purchased a new position in shares of Peloton Interactive during the 4th quarter valued at about $39,992,000. Healthcare of Ontario Pension Plan Trust Fund purchased a new stake in Peloton Interactive in the 3rd quarter worth approximately $8,363,000. Finally, Connor Clark & Lunn Investment Management Ltd. bought a new stake in Peloton Interactive during the 3rd quarter worth approximately $5,724,000. 77.01% of the stock is 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.