Peloton Interactive (NASDAQ:PTON) Stock Rating Reaffirmed by Oppenheimer

Peloton Interactive (NASDAQ:PTON)‘s stock had its “outperform” rating reissued by research analysts at Oppenheimer in a report released on Tuesday, Benzinga reports.

PTON has been the subject of several other reports. Citigroup downgraded Peloton Interactive from a “buy” rating to a “neutral” rating and dropped their price objective for the company from $8.00 to $4.00 in a research note on Monday. The Goldman Sachs Group dropped their price target on Peloton Interactive from $5.75 to $3.50 and set a “neutral” rating for the company in a research report on Friday, May 3rd. Roth Mkm decreased their price objective on shares of Peloton Interactive from $7.00 to $5.00 and set a “buy” rating on the stock in a research report on Friday, May 3rd. Telsey Advisory Group restated a “market perform” rating and set a $4.00 target price (down from $5.00) on shares of Peloton Interactive in a report on Monday, April 29th. Finally, Needham & Company LLC reaffirmed a “hold” rating on shares of Peloton Interactive in a report on Friday, May 3rd. Three investment analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and four have given a buy rating to the company. According to MarketBeat, Peloton Interactive currently has an average rating of “Hold” and a consensus price target of $5.11.

Peloton Interactive Stock Performance

Peloton Interactive stock opened at $3.94 on Tuesday. The company has a market cap of $1.45 billion, a P/E ratio of -1.87 and a beta of 2.01. Peloton Interactive has a one year low of $2.70 and a one year high of $9.87. The business has a fifty day moving average of $3.89 and a two-hundred day moving average of $4.85.

Peloton Interactive (NASDAQ:PTON) last announced its quarterly earnings data on Thursday, May 2nd. The company reported ($0.45) EPS for the quarter, missing the consensus estimate of ($0.39) by ($0.06). The company had revenue of $717.70 million for the quarter, compared to analysts’ expectations of $720.85 million. During the same period last year, the business earned ($0.79) EPS. The firm’s revenue for the quarter was down 4.2% on a year-over-year basis. Sell-side analysts predict that Peloton Interactive will post -1.61 EPS for the current year.

Insider Activity at Peloton Interactive

In other Peloton Interactive news, CFO Elizabeth F. Coddington sold 8,977 shares of Peloton Interactive stock in a transaction on Thursday, March 14th. The shares were sold at an average price of $4.34, for a total value of $38,960.18. Following the transaction, the chief financial officer now owns 104,428 shares in the company, valued at approximately $453,217.52. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 3.28% of the stock is owned by insiders.

Hedge Funds Weigh In On Peloton Interactive

A number of large investors have recently modified their holdings of PTON. Johnson & White Wealth Management LLC bought a new stake in Peloton Interactive in the first quarter valued at about $43,000. Abundance Wealth Counselors acquired a new stake in shares of Peloton Interactive during the 1st quarter valued at approximately $46,000. Rakuten Securities Inc. acquired a new position in Peloton Interactive in the fourth quarter worth $47,000. Carl P. Sherr & Co. LLC bought a new position in shares of Peloton Interactive in the 3rd quarter worth about $55,000. Finally, Clear Harbor Asset Management LLC bought a new stake in shares of Peloton Interactive during the 4th quarter valued at about $78,000. 77.01% of the stock is currently owned by hedge funds and other institutional investors.

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.