Peloton Interactive (NASDAQ:PTON) Given New $18.00 Price Target at Evercore ISI

Peloton Interactive (NASDAQ:PTONGet Rating) had its target price hoisted by investment analysts at Evercore ISI from $11.00 to $18.00 in a report issued on Thursday, Marketbeat reports. The brokerage presently has an “in-line” rating on the stock. Evercore ISI’s price target points to a potential upside of 6.01% from the company’s current price.

PTON has been the topic of a number of other reports. Cowen cut Peloton Interactive from an “outperform” rating to a “market perform” rating and reduced their price objective for the company from $14.00 to $12.00 in a research note on Monday, November 21st. Sanford C. Bernstein raised their price objective on Peloton Interactive from $13.00 to $20.00 and gave the company an “outperform” rating in a research note on Thursday. JPMorgan Chase & Co. raised their price objective on Peloton Interactive from $13.00 to $19.00 and gave the company an “overweight” rating in a research note on Thursday. Canaccord Genuity Group raised their target price on Peloton Interactive from $15.00 to $20.00 and gave the stock a “buy” rating in a research note on Thursday. Finally, The Goldman Sachs Group boosted their price target on Peloton Interactive from $12.00 to $14.00 and gave the company a “neutral” rating in a report on Thursday. Three investment analysts have rated the stock with a sell rating, thirteen have given a hold rating and twelve have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $18.32.

Peloton Interactive Stock Up 3.8 %

PTON opened at $16.98 on Thursday. The stock has a market cap of $5.77 billion, a PE ratio of -2.09 and a beta of 1.97. The company has a quick ratio of 1.40, a current ratio of 2.47 and a debt-to-equity ratio of 6.48. Peloton Interactive has a 52 week low of $6.66 and a 52 week high of $40.35. The business’s fifty day simple moving average is $10.89 and its 200 day simple moving average is $10.12.

Peloton Interactive (NASDAQ:PTONGet Rating) last released its earnings results on Wednesday, February 1st. The company reported ($0.98) EPS for the quarter, missing analysts’ consensus estimates of ($0.67) by ($0.31). Peloton Interactive had a negative net margin of 89.95% and a negative return on equity of 154.92%. The firm had revenue of $792.70 million during the quarter, compared to the consensus estimate of $712.30 million. During the same period in the prior year, the company earned ($1.39) EPS. The firm’s revenue was down 30.1% compared to the same quarter last year. As a group, research analysts expect that Peloton Interactive will post -2.73 earnings per share for the current fiscal year.

Institutional Trading of Peloton Interactive

A number of large investors have recently added to or reduced their stakes in the company. Wahed Invest LLC bought a new position in shares of Peloton Interactive during the 2nd quarter valued at approximately $29,000. Exchange Traded Concepts LLC boosted its holdings in Peloton Interactive by 943.8% during the 3rd quarter. Exchange Traded Concepts LLC now owns 4,509 shares of the company’s stock valued at $31,000 after acquiring an additional 4,077 shares during the period. Covestor Ltd boosted its holdings in Peloton Interactive by 1,054.2% during the 1st quarter. Covestor Ltd now owns 1,385 shares of the company’s stock valued at $37,000 after acquiring an additional 1,265 shares during the period. Eisler Capital UK Ltd. purchased a new position in Peloton Interactive during the 3rd quarter valued at $44,000. Finally, Parallel Advisors LLC boosted its holdings in Peloton Interactive by 96.5% during the 2nd quarter. Parallel Advisors LLC now owns 4,935 shares of the company’s stock valued at $45,000 after acquiring an additional 2,424 shares during the period. Institutional investors own 74.43% of the company’s stock.

Peloton Interactive Company Profile

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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, and Peloton Tread+ names. It also provides connected fitness subscriptions for various household users, and access to various live and on-demand classes, as well as Peloton Digital app for connected fitness subscribers to provide access to its classes.

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