JPMorgan Chase & Co. Issues Positive Forecast for Peloton Interactive (NASDAQ:PTON) Stock Price

by · The Cerbat Gem

Peloton Interactive (NASDAQ:PTON – Get Free Report) had its target price raised by stock analysts at JPMorgan Chase & Co. from $5.00 to $7.00 in a report released on Friday, Benzinga reports. The brokerage presently has a “neutral” rating on the stock. JPMorgan Chase & Co.‘s price objective suggests a potential downside of 16.67% from the company’s previous close.

A number of other analysts have also recently commented on PTON. Robert W. Baird lifted their price target on Peloton Interactive from $4.75 to $8.00 and gave the stock a “neutral” rating in a research report on Friday. TD Cowen raised their target price on shares of Peloton Interactive from $3.00 to $4.00 and gave the stock a “hold” rating in a report on Friday, August 23rd. Wolfe Research assumed coverage on shares of Peloton Interactive in a research report on Tuesday, July 16th. They set a “peer perform” rating for the company. Telsey Advisory Group lifted their price objective on Peloton Interactive from $5.00 to $9.00 and gave the company a “market perform” rating in a research note on Friday. Finally, Roth Mkm lifted their target price on shares of Peloton Interactive from $5.00 to $6.00 and gave the company a “buy” rating in a report on Friday, August 23rd. One research analyst has rated the stock with a sell rating, seventeen have assigned a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat.com, Peloton Interactive has a consensus rating of “Hold” and an average target price of $5.19.

View Our Latest Analysis on PTON

Peloton Interactive Trading Down 1.2 %

PTON opened at $8.40 on Friday. The firm has a market cap of $3.16 billion, a price-to-earnings ratio of -5.56 and a beta of 2.04. The stock has a fifty day moving average price of $5.07 and a 200-day moving average price of $4.03. Peloton Interactive has a 12 month low of $2.70 and a 12 month high of $8.92.

Peloton Interactive (NASDAQ:PTON – Get Free Report) last issued its quarterly earnings results on Thursday, October 31st. The company reported ($0.16) earnings per share 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. The business’s revenue was down 1.6% on a year-over-year basis. During the same quarter last year, the firm earned ($0.44) EPS. On average, equities research analysts forecast that Peloton Interactive will post -0.65 EPS for the current year.

Insider Activity at Peloton Interactive

In other Peloton Interactive news, CAO Saqib Baig sold 50,000 shares of the company’s stock in a transaction on Friday, August 23rd. The stock was sold at an average price of $4.88, for a total value of $244,000.00. Following the completion of the sale, the chief accounting officer now directly owns 87,014 shares in the company, valued at $424,628.32. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other Peloton Interactive news, insider Nick V. Caldwell bought 31,337 shares of the business’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 completion of the purchase, the insider now directly owns 31,337 shares in the company, valued at $133,182.25. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CAO Saqib Baig sold 50,000 shares of the company’s stock in a transaction on Friday, August 23rd. The shares were sold at an average price of $4.88, for a total value of $244,000.00. Following the completion of the transaction, the chief accounting officer now directly owns 87,014 shares in the company, valued at approximately $424,628.32. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 167,880 shares of company stock valued at $815,767. 1.34% of the stock is currently owned by insiders.

Institutional Trading of Peloton Interactive

Several institutional investors and hedge funds have recently bought and sold shares of PTON. Mercer Global Advisors Inc. ADV acquired a new stake in shares of Peloton Interactive during the second quarter valued at about $27,000. Skylands Capital LLC purchased a new position in shares of Peloton Interactive in the second quarter valued at approximately $30,000. Nisa Investment Advisors LLC grew its holdings in shares of Peloton Interactive by 1,836.7% in the second 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 in the last quarter. Schneider Downs Wealth Management Advisors LP acquired a new stake in Peloton Interactive during the 2nd quarter worth approximately $35,000. Finally, CIBC Asset Management Inc purchased a new position in Peloton Interactive in the 2nd quarter valued at approximately $35,000. 77.01% of the stock is currently owned by hedge funds and other institutional investors.

Peloton Interactive Company Profile

(Get Free Report)

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.

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