Credit Suisse Group Initiates Coverage on Peloton Interactive (NASDAQ:PTON)

Investment analysts at Credit Suisse Group started coverage on shares of Peloton Interactive (NASDAQ:PTON) in a research report issued to clients and investors on Tuesday, PriceTargets.com reports. The brokerage set an “outperform” rating and a $164.00 price target on the stock. Credit Suisse Group’s price target suggests a potential upside of 42.36% from the company’s current price.

A number of other analysts also recently weighed in on the company. Rosenblatt Securities increased their price objective on Peloton Interactive from $186.00 to $190.00 and gave the company a “buy” rating in a report on Friday, February 5th. Argus increased their price target on Peloton Interactive from $140.00 to $180.00 and gave the stock a “buy” rating in a report on Wednesday, February 17th. Roth Capital increased their price objective on shares of Peloton Interactive from $140.00 to $165.00 and gave the stock a “buy” rating in a research report on Friday, February 5th. JMP Securities increased their price objective on shares of Peloton Interactive from $142.00 to $162.00 and gave the stock an “outperform” rating in a research report on Tuesday, December 22nd. Finally, The Goldman Sachs Group raised their price target on shares of Peloton Interactive from $162.00 to $180.00 and gave the company a “neutral” rating in a research report on Friday, February 5th. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and twenty-five have assigned a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average target price of $150.39.

Shares of NASDAQ PTON opened at $115.20 on Tuesday. Peloton Interactive has a twelve month low of $26.91 and a twelve month high of $171.09. The business’s 50 day moving average price is $114.93 and its two-hundred day moving average price is $125.94. The company has a market cap of $33.93 billion, a PE ratio of 1,645.71 and a beta of 0.87.

Peloton Interactive (NASDAQ:PTON) last issued its quarterly earnings results on Thursday, February 4th. The company reported $0.18 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.10 by $0.08. Peloton Interactive had a return on equity of 2.90% and a net margin of 2.01%. The business had revenue of $1.06 billion during the quarter, compared to analysts’ expectations of $1.03 billion. Equities analysts forecast that Peloton Interactive will post 0.45 EPS for the current fiscal year.

In other Peloton Interactive news, Director Jon Callaghan sold 15,000 shares of the firm’s stock in a transaction dated Wednesday, January 13th. The shares were sold at an average price of $164.90, for a total transaction of $2,473,500.00. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Mariana Garavaglia sold 4,688 shares of the firm’s stock in a transaction dated Thursday, January 28th. The shares were sold at an average price of $147.23, for a total transaction of $690,214.24. Following the transaction, the insider now directly owns 7,544 shares in the company, valued at approximately $1,110,703.12. The disclosure for this sale can be found here. Insiders have sold a total of 384,724 shares of company stock valued at $51,389,928 in the last quarter. 16.50% of the stock is currently owned by company insiders.

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Baillie Gifford & Co. increased its position in Peloton Interactive by 1.3% during the 4th quarter. Baillie Gifford & Co. now owns 15,983,896 shares of the company’s stock valued at $2,425,077,000 after purchasing an additional 202,320 shares during the period. BlackRock Inc. increased its position in Peloton Interactive by 59.3% during the 4th quarter. BlackRock Inc. now owns 13,419,068 shares of the company’s stock valued at $2,035,943,000 after purchasing an additional 4,996,107 shares during the period. Jennison Associates LLC increased its position in Peloton Interactive by 14.3% during the 4th quarter. Jennison Associates LLC now owns 12,303,851 shares of the company’s stock valued at $1,866,740,000 after purchasing an additional 1,536,900 shares during the period. Tiger Global Management LLC increased its position in Peloton Interactive by 1.0% during the 4th quarter. Tiger Global Management LLC now owns 7,857,758 shares of the company’s stock valued at $1,192,179,000 after purchasing an additional 80,100 shares during the period. Finally, Renaissance Technologies LLC purchased a new position in Peloton Interactive during the 4th quarter valued at about $465,206,000. 61.13% of the stock is currently owned by institutional investors and hedge funds.

Peloton Interactive Company Profile

Peloton Interactive, Inc provides interactive fitness products in North America and internationally. It offers connected fitness products, such as the Peloton Bike and the Peloton Tread, which include touchscreen that streams live and on-demand classes. The company also provides connected fitness subscriptions for multiple household users, and access to all live and on-demand classes, as well as Peloton Digital app for connected fitness subscribers to provide access to its classes.

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Analyst Recommendations for Peloton Interactive (NASDAQ:PTON)

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