Peloton Interactive (NASDAQ:PTON) Upgraded by Wall Street Zen to “Buy” Rating

Peloton Interactive (NASDAQ:PTON) was upgraded by equities researchers at Wall Street Zen from a “hold” rating to a “buy” rating in a report released on Saturday.

A number of other research firms also recently issued reports on PTON. Morgan Stanley increased their price objective on Peloton Interactive from $6.00 to $6.50 and gave the stock an “equal weight” rating in a report on Wednesday, November 19th. UBS Group reiterated a “buy” rating on shares of Peloton Interactive in a research note on Tuesday, February 3rd. Zacks Research cut shares of Peloton Interactive from a “strong-buy” rating to a “hold” rating in a research report on Tuesday. Macquarie Infrastructure boosted their price objective on shares of Peloton Interactive from $11.00 to $12.00 and gave the stock an “outperform” rating in a research note on Tuesday, November 11th. Finally, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Peloton Interactive in a research note on Friday, January 9th. Seven investment analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $8.42.

Peloton Interactive Price Performance

Shares of PTON opened at $4.02 on Friday. The company has a 50-day simple moving average of $5.53 and a two-hundred day simple moving average of $6.80. The firm has a market capitalization of $1.71 billion, a PE ratio of -30.92, a price-to-earnings-growth ratio of 0.81 and a beta of 2.41. Peloton Interactive has a one year low of $3.95 and a one year high of $9.20.

Peloton Interactive (NASDAQ:PTON) last announced its earnings results on Thursday, February 5th. The company reported ($0.09) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.07) by ($0.02). The firm had revenue of $656.50 million during the quarter, compared to analysts’ expectations of $675.04 million. The business’s quarterly revenue was down 2.5% on a year-over-year basis. During the same period in the prior year, the company earned ($0.24) earnings per share. Analysts expect that Peloton Interactive will post -0.36 EPS for the current fiscal year.

Insider Buying and Selling at Peloton Interactive

In related news, insider Dion C. Sanders sold 146,844 shares of the firm’s stock in a transaction that occurred on Friday, February 20th. The shares were sold at an average price of $4.41, for a total transaction of $647,582.04. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, COO Charles Peter Kirol sold 6,419 shares of the business’s stock in a transaction that occurred on Tuesday, February 17th. The stock was sold at an average price of $4.14, for a total transaction of $26,574.66. Following the completion of the transaction, the chief operating officer owned 88,408 shares of the company’s stock, valued at approximately $366,009.12. The trade was a 6.77% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 1,079,910 shares of company stock worth $5,144,999 in the last 90 days. Insiders own 1.30% of the company’s stock.

Institutional Trading of Peloton Interactive

Institutional investors and hedge funds have recently modified their holdings of the business. Bessemer Group Inc. raised its stake in shares of Peloton Interactive by 1,602.6% in the second quarter. Bessemer Group Inc. now owns 5,312 shares of the company’s stock worth $37,000 after purchasing an additional 5,000 shares during the last quarter. Advisory Services Network LLC bought a new stake in Peloton Interactive in the 3rd quarter worth about $48,000. MAI Capital Management raised its position in Peloton Interactive by 64.6% in the 2nd quarter. MAI Capital Management now owns 5,498 shares of the company’s stock worth $38,000 after buying an additional 2,158 shares during the last quarter. Quarry LP bought a new position in Peloton Interactive during the 3rd quarter valued at about $71,000. Finally, Farther Finance Advisors LLC boosted its holdings in shares of Peloton Interactive by 158.3% during the 3rd quarter. Farther Finance Advisors LLC now owns 7,986 shares of the company’s stock valued at $72,000 after acquiring an additional 4,894 shares during the last quarter. Institutional investors own 77.01% of the company’s stock.

About Peloton Interactive

Peloton Interactive, Inc operates a digital fitness platform that combines connected exercise equipment with live and on-demand workout classes. The company’s core products include stationary bikes (Peloton Bike and Bike+), treadmills (Peloton Tread and Tread+), and the Peloton Row. Each device integrates a touchscreen display that streams instructor-led cycling, running, strength, yoga, meditation and other fitness classes. Peloton generates recurring revenue through subscription plans, which grant users access to its growing library of workouts, performance tracking tools and community features.

Founded in 2012 by John Foley and headquartered in New York City, Peloton set out to deliver an immersive home-fitness experience by blending hardware, software and content.