Peloton Interactive (NASDAQ:PTON) Shares Up 5.1% – Should You Buy?

Peloton Interactive, Inc. (NASDAQ:PTON)’s stock price was up 5.1% during trading on Tuesday . The stock traded as high as $10.07 and last traded at $10.04. Approximately 4,040,597 shares traded hands during mid-day trading, a decline of 75% from the average daily volume of 16,352,269 shares. The stock had previously closed at $9.55.

Analyst Ratings Changes

Several research firms recently weighed in on PTON. Truist Financial boosted their target price on Peloton Interactive from $6.00 to $10.00 and gave the stock a “hold” rating in a research note on Friday, November 1st. JPMorgan Chase & Co. upped 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. Sanford C. Bernstein lifted their price target on shares of Peloton Interactive from $4.25 to $6.50 and gave the stock a “market perform” rating in a research note on Friday, November 1st. Telsey Advisory Group upped their price objective on shares of Peloton Interactive from $5.00 to $9.00 and gave the company a “market perform” rating in a research note on Friday, November 1st. Finally, Morgan Stanley lifted their target price on Peloton Interactive from $3.50 to $5.00 and gave the stock an “equal weight” rating in a research report on Friday, November 1st. Fifteen analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $6.75.

Peloton Interactive Trading Up 8.7 %

The company has a market cap of $3.96 billion, a price-to-earnings ratio of -9.58 and a beta of 1.90. The company’s 50 day moving average price is $6.72 and its 200 day moving average price is $4.79.

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

Insider Activity

In other Peloton Interactive news, CAO Saqib Baig sold 36,776 shares of Peloton Interactive stock in a transaction dated Monday, November 18th. The shares were sold at an average price of $7.53, for a total transaction of $276,923.28. Following the completion of the transaction, the chief accounting officer now owns 137,357 shares in the company, valued at approximately $1,034,298.21. The trade was a 21.12 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO Elizabeth F. Coddington sold 36,819 shares of the stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of $4.74, for a total transaction of $174,522.06. Following the completion of the sale, the chief financial officer now owns 171,466 shares in the company, valued at $812,748.84. This represents a 17.68 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 450,433 shares of company stock worth $3,271,961 in the last 90 days. 1.34% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Peloton Interactive

Hedge funds have recently bought and sold shares of the stock. Point72 Asia Singapore Pte. Ltd. boosted its stake in Peloton Interactive by 31.9% in the 3rd quarter. Point72 Asia Singapore Pte. Ltd. now owns 6,605 shares of the company’s stock worth $31,000 after buying an additional 1,597 shares during the last quarter. Mercer Global Advisors Inc. ADV purchased a new stake in Peloton Interactive in the second quarter valued at approximately $27,000. Skylands Capital LLC acquired a new position in Peloton Interactive during the second quarter worth approximately $30,000. Nisa Investment Advisors LLC boosted its holdings in shares of 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 purchasing an additional 9,000 shares during the last quarter. Finally, Schneider Downs Wealth Management Advisors LP purchased a new stake in shares of Peloton Interactive during the 2nd quarter valued at $35,000. Hedge funds and other institutional investors 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.