Peloton Interactive (NASDAQ:PTON) Given New $8.50 Price Target at BMO Capital Markets

Peloton Interactive (NASDAQ:PTON) had its price target hoisted by BMO Capital Markets from $6.50 to $8.50 in a report issued on Monday morning,Benzinga reports. They currently have a market perform rating on the stock.

A number of other research analysts have also commented on PTON. Sanford C. Bernstein raised their price objective on shares of Peloton Interactive from $4.25 to $6.50 and gave the company a “market perform” rating in a research note on Friday, November 1st. Canaccord Genuity Group lifted their price target on shares of Peloton Interactive from $4.00 to $5.00 and gave the stock a “hold” rating in a research report on Friday, August 23rd. JMP Securities restated a “market perform” rating on shares of Peloton Interactive in a research report on Thursday, October 3rd. Bank of America upgraded shares of Peloton Interactive from an “underperform” rating to a “buy” rating and lifted their price target for the stock from $3.75 to $9.00 in a research report on Monday. Finally, Macquarie lifted their price target on shares of Peloton Interactive from $4.90 to $9.00 and gave the stock a “neutral” rating in a research report on Friday, November 1st. Fifteen analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat, the stock has an average rating of “Hold” and an average price target of $6.75.

Peloton Interactive Price Performance

NASDAQ PTON opened at $8.02 on Monday. Peloton Interactive has a 12 month low of $2.70 and a 12 month high of $8.92. The firm has a market capitalization of $3.02 billion, a PE ratio of -7.54 and a beta of 1.93. The company’s 50 day simple moving average is $5.29 and its 200 day simple moving average is $4.16.

Peloton Interactive (NASDAQ:PTON) last posted its quarterly earnings data on Thursday, October 31st. The company reported ($0.16) EPS for the quarter, missing analysts’ consensus estimates of ($0.15) by ($0.01). The company had revenue of $586.00 million for the quarter, compared to analyst estimates of $572.97 million. During the same quarter in the previous year, the company earned ($0.44) EPS. Peloton Interactive’s revenue for the quarter was down 1.6% on a year-over-year basis. Sell-side analysts anticipate that Peloton Interactive will post -0.43 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, insider Nick V. Caldwell acquired 31,337 shares of the firm’s stock in a transaction that occurred on Friday, August 23rd. The stock was purchased at an average price of $4.25 per share, with a total value of $133,182.25. Following the purchase, the insider now owns 31,337 shares of the company’s stock, valued at approximately $133,182.25. The purchase was disclosed in a legal filing with the SEC, which is available at the SEC website. In related news, insider Nick V. Caldwell bought 31,337 shares of the firm’s stock in a transaction on Friday, August 23rd. The stock was bought at an average price of $4.25 per share, with a total value of $133,182.25. Following the purchase, the insider now directly owns 31,337 shares of the company’s stock, valued at approximately $133,182.25. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CEO Karen Boone sold 13,484 shares of Peloton Interactive stock in a transaction on Friday, November 1st. The shares were sold at an average price of $8.27, for a total transaction of $111,512.68. Following the sale, the chief executive officer now directly owns 211,459 shares of the company’s stock, valued at $1,748,765.93. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 194,888 shares of company stock valued at $1,038,717. Company insiders own 1.34% of the company’s stock.

Institutional Investors Weigh In On Peloton Interactive

Institutional investors have recently modified their holdings of the stock. Mercer Global Advisors Inc. ADV acquired a new stake in shares of Peloton Interactive in the 2nd quarter valued at $27,000. Skylands Capital LLC acquired a new stake in shares of Peloton Interactive in the 2nd quarter valued at $30,000. Nisa Investment Advisors LLC lifted its stake 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. Schneider Downs Wealth Management Advisors LP acquired a new stake in shares of Peloton Interactive in the 2nd quarter valued at $35,000. Finally, CIBC Asset Management Inc acquired a new stake in shares of Peloton Interactive in the 2nd quarter valued at $35,000. Institutional investors and hedge funds own 77.01% of the company’s stock.

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.