Peloton Interactive (NASDAQ:PTON – Get 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.
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
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.
- Get a free copy of the StockNews.com research report on Peloton Interactive (PTON)
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