Peloton Interactive (NASDAQ:PTON) Given New $10.00 Price Target at The Goldman Sachs Group

Peloton Interactive (NASDAQ:PTON) had its target price increased by The Goldman Sachs Group from $8.00 to $10.00 in a research note published on Monday,Benzinga reports. The brokerage currently has a neutral rating on the stock.

PTON has been the topic of several other reports. Telsey Advisory Group reaffirmed a “market perform” rating and set a $11.00 price target on shares of Peloton Interactive in a research note on Monday, February 3rd. BMO Capital Markets boosted their target price on shares of Peloton Interactive from $6.50 to $8.50 and gave the company a “market perform” rating in a report on Monday, November 4th. Bank of America upgraded shares of Peloton Interactive from an “underperform” rating to a “buy” rating and boosted their target price for the company from $3.75 to $9.00 in a report on Monday, November 4th. JPMorgan Chase & Co. boosted their target price on shares of Peloton Interactive from $5.00 to $7.00 and gave the company a “neutral” rating in a report on Friday, November 1st. Finally, Citigroup lowered their target price on shares of Peloton Interactive from $11.00 to $10.00 and set a “neutral” rating for the company in a report on Monday. Sixteen investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $8.38.

Peloton Interactive Price Performance

Peloton Interactive stock opened at $9.18 on Monday. Peloton Interactive has a 12-month low of $2.70 and a 12-month high of $10.90. The stock has a market capitalization of $3.50 billion, a P/E ratio of -11.92 and a beta of 1.95. The firm’s 50-day moving average is $8.88 and its two-hundred day moving average is $6.75.

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

Insider Buying and Selling at Peloton Interactive

In other news, CAO Saqib Baig sold 36,776 shares of the business’s stock in a transaction on Monday, November 18th. The shares were sold at an average price of $7.53, for a total transaction of $276,923.28. Following the transaction, the chief accounting officer now directly owns 137,357 shares of the company’s stock, valued at approximately $1,034,298.21. The trade was a 21.12 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Andrew S. Rendich sold 138,391 shares of the business’s stock in a transaction on Monday, November 18th. The stock was sold at an average price of $7.51, for a total transaction of $1,039,316.41. Following the transaction, 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 ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 395,813 shares of company stock valued at $3,041,724 over the last ninety days. Corporate insiders own 1.34% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the company. Vanguard Group Inc. raised its holdings in Peloton Interactive by 4.9% in the fourth quarter. Vanguard Group Inc. now owns 35,059,790 shares of the company’s stock valued at $305,020,000 after acquiring an additional 1,645,640 shares in the last quarter. Gtcr LLC acquired a new stake in Peloton Interactive in the third quarter valued at $65,520,000. Hennessy Advisors Inc. acquired a new stake in Peloton Interactive in the fourth quarter valued at $85,260,000. Geode Capital Management LLC raised its holdings in Peloton Interactive by 2.1% in the fourth quarter. Geode Capital Management LLC now owns 8,270,328 shares of the company’s stock valued at $71,969,000 after acquiring an additional 170,901 shares in the last quarter. Finally, Two Sigma Advisers LP raised its holdings in Peloton Interactive by 2.9% in the third quarter. Two Sigma Advisers LP now owns 7,440,900 shares of the company’s stock valued at $34,823,000 after acquiring an additional 206,500 shares in the last quarter. 77.01% of the stock is owned by institutional investors and hedge funds.

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.