Peloton Interactive (NASDAQ:PTON) Trading Up 3.8% – Should You Buy?

Peloton Interactive, Inc. (NASDAQ:PTON)’s share price was up 3.8% on Wednesday . The stock traded as high as $6.34 and last traded at $6.46. Approximately 555,016 shares were traded during mid-day trading, a decline of 97% from the average daily volume of 15,949,321 shares. The stock had previously closed at $6.22.

Analysts Set New Price Targets

A number of brokerages have issued reports on PTON. Citigroup lowered their price target on Peloton Interactive from $11.00 to $10.00 and set a “neutral” rating on the stock in a research report on Monday, February 10th. Macquarie reiterated a “neutral” rating and set a $9.00 target price on shares of Peloton Interactive in a research report on Monday, February 10th. Telsey Advisory Group reissued a “market perform” rating and issued a $11.00 price target on shares of Peloton Interactive in a report on Monday, February 3rd. Argus raised shares of Peloton Interactive from a “hold” rating to a “buy” rating and set a $15.00 price objective on the stock in a report on Tuesday, February 11th. Finally, The Goldman Sachs Group boosted their target price on shares of Peloton Interactive from $8.00 to $10.00 and gave the stock a “neutral” rating in a research note on Monday, February 10th. Fifteen equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat.com, Peloton Interactive has a consensus rating of “Hold” and an average target price of $8.69.

Peloton Interactive Price Performance

The company has a market cap of $2.50 billion, a price-to-earnings ratio of -8.33 and a beta of 1.95. The firm has a 50 day simple moving average of $7.64 and a 200-day simple moving average of $7.63.

Peloton Interactive (NASDAQ:PTON) last issued its quarterly earnings data on Thursday, February 6th. The company reported ($0.24) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.20) by ($0.04). Research analysts anticipate that Peloton Interactive, Inc. will post -0.36 EPS for the current fiscal year.

Insider Transactions at Peloton Interactive

In related news, CAO Saqib Baig sold 22,662 shares of the business’s stock in a transaction on Wednesday, February 19th. The stock was sold at an average price of $9.75, for a total value of $220,954.50. Following the sale, the chief accounting officer now owns 130,031 shares in the company, valued at approximately $1,267,802.25. The trade was a 14.84 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Karen Boone sold 17,259 shares of the firm’s stock in a transaction dated Thursday, January 2nd. The shares were sold at an average price of $8.63, for a total value of $148,945.17. Following the transaction, the director now owns 244,641 shares of the company’s stock, valued at $2,111,251.83. This trade represents a 6.59 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 691,597 shares of company stock worth $5,671,783. 1.34% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Peloton Interactive

Hedge funds have recently added to or reduced their stakes in the business. Two Sigma Advisers LP increased its position in shares of Peloton Interactive by 2.9% during the third quarter. Two Sigma Advisers LP now owns 7,440,900 shares of the company’s stock worth $34,823,000 after acquiring an additional 206,500 shares during the period. Y Intercept Hong Kong Ltd acquired a new stake in Peloton Interactive in the 4th quarter valued at about $360,000. Rhumbline Advisers boosted its stake in shares of Peloton Interactive by 7.8% in the 4th quarter. Rhumbline Advisers now owns 479,134 shares of the company’s stock valued at $4,168,000 after buying an additional 34,514 shares during the period. Franklin Resources Inc. acquired a new position in Peloton Interactive during the 3rd quarter worth approximately $505,000. Finally, Charles Schwab Investment Management Inc. increased its position in shares of Peloton Interactive by 3.5% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 4,136,182 shares of the company’s stock valued at $35,985,000 after purchasing an additional 139,826 shares during the last quarter. 77.01% of the stock is currently owned by institutional investors and hedge funds.

About Peloton Interactive

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.