Peloton Interactive (NASDAQ:PTON) Upgraded by UBS Group to Neutral Rating

Peloton Interactive (NASDAQ:PTON) was upgraded by investment analysts at UBS Group from a “sell” rating to a “neutral” rating in a research note issued to investors on Friday,Benzinga reports. The firm presently has a $10.00 price objective on the stock, up from their previous price objective of $2.50. UBS Group’s target price points to a potential upside of 3.63% from the company’s current price.

Other research analysts also recently issued reports about the company. TD Cowen lifted their target price on Peloton Interactive from $3.00 to $4.00 and gave the stock a “hold” rating in a research note on Friday, August 23rd. Sanford C. Bernstein lifted their price objective on shares of Peloton Interactive from $4.25 to $6.50 and gave the stock a “market perform” rating in a research report on Friday, November 1st. Bank of America raised shares of Peloton Interactive from an “underperform” rating to a “buy” rating and increased their price objective for the company from $3.75 to $9.00 in a research report on Monday, November 4th. Macquarie lifted their target price on shares of Peloton Interactive from $4.90 to $9.00 and gave the stock a “neutral” rating in a report on Friday, November 1st. Finally, Truist Financial increased their price target on shares of Peloton Interactive from $6.00 to $10.00 and gave the company a “hold” rating in a report on Friday, November 1st. Sixteen analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, Peloton Interactive presently has an average rating of “Hold” and an average target price of $6.97.

Peloton Interactive Trading Up 1.2 %

NASDAQ PTON opened at $9.65 on Friday. The firm has a market capitalization of $3.68 billion, a P/E ratio of -9.02 and a beta of 1.90. The firm’s fifty day moving average price is $7.10 and its two-hundred day moving average price is $4.94. Peloton Interactive has a 1 year low of $2.70 and a 1 year high of $10.40.

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 for the quarter, compared to the consensus estimate of $572.97 million. During the same quarter last year, the firm posted ($0.44) earnings per share. The business’s revenue for the quarter was down 1.6% compared to the same quarter last year. On average, research analysts anticipate that Peloton Interactive will post -0.38 EPS for the current fiscal year.

Insider Activity at Peloton Interactive

In related news, CEO Karen Boone sold 16,925 shares of Peloton Interactive stock in a transaction that occurred on Thursday, December 5th. The shares were sold at an average price of $9.64, for a total value of $163,157.00. Following the transaction, the chief executive officer now directly owns 228,217 shares of the company’s stock, valued at $2,200,011.88. This trade represents a 6.90 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Chris Bruzzo sold 13,524 shares of the company’s stock in a transaction on Friday, November 1st. The stock was sold at an average price of $8.24, for a total value of $111,437.76. Following the sale, the director now owns 167,362 shares of the company’s stock, valued at $1,379,062.88. The trade was a 7.48 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 467,358 shares of company stock valued at $3,435,118 over the last quarter. 1.34% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Gtcr LLC bought a new position in shares of Peloton Interactive in the third quarter worth about $65,520,000. Two Sigma Advisers LP increased its position in Peloton Interactive by 2.9% during the 3rd quarter. Two Sigma Advisers LP now owns 7,440,900 shares of the company’s stock worth $34,823,000 after purchasing an additional 206,500 shares in the last quarter. DME Capital Management LP acquired a new position in Peloton Interactive during the 2nd quarter worth approximately $22,947,000. Charles Schwab Investment Management Inc. boosted its position in Peloton Interactive by 7.9% in the third quarter. Charles Schwab Investment Management Inc. now owns 3,996,356 shares of the company’s stock valued at $18,703,000 after buying an additional 291,946 shares in the last quarter. Finally, Clearline Capital LP bought a new stake in shares of Peloton Interactive during the second quarter worth $7,527,000. 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.