Recent Investment Analysts’ Ratings Updates for Peloton (PTON)

A number of firms have modified their ratings and price targets on shares of Peloton (NASDAQ: PTON) recently:

  • 6/26/2020 – Peloton had its price target raised by analysts at Needham & Company LLC from $50.00 to $65.00. They now have a “buy” rating on the stock.
  • 6/25/2020 – Peloton is now covered by analysts at Raymond James. They set an “outperform” rating and a $65.00 price target on the stock.
  • 6/24/2020 – Peloton had its price target raised by analysts at KeyCorp from $55.00 to $70.00. They now have an “overweight” rating on the stock.
  • 6/23/2020 – Peloton had its price target raised by analysts at Cowen Inc from $54.00 to $70.00. They now have an “outperform” rating on the stock.
  • 6/21/2020 – Peloton had its “buy” rating reaffirmed by analysts at Stifel Nicolaus. They now have a $62.00 price target on the stock, up previously from $55.00.
  • 6/19/2020 – Peloton had its “buy” rating reaffirmed by analysts at Robert W. Baird. They now have a $52.00 price target on the stock.
  • 6/3/2020 – Peloton had its price target raised by analysts at Bank of America Corp from $48.00 to $54.00. They now have a “buy” rating on the stock.
  • 5/27/2020 – Peloton had its price target raised by analysts at Oppenheimer Holdings Inc. from $46.00 to $50.00. They now have an “outperform” rating on the stock.
  • 5/21/2020 – Peloton had its “buy” rating reaffirmed by analysts at Rosenblatt Securities. They now have a $56.00 price target on the stock.
  • 5/19/2020 – Peloton had its price target raised by analysts at SunTrust Banks, Inc. from $52.00 to $60.00. They now have a “buy” rating on the stock.
  • 5/13/2020 – Peloton had its price target raised by analysts at JMP Securities from $53.00 to $59.00. They now have a “market outperform” rating on the stock.
  • 5/13/2020 – Peloton had its price target raised by analysts at Argus from $38.00 to $55.00. They now have a “buy” rating on the stock.
  • 5/8/2020 – Peloton was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $43.00 price target on the stock. According to Zacks, “Peloton Interactive creates fitness products. The brand’s content is accessible through the Peloton Bike, the Peloton Tread, and Peloton Digital, which provides a full slate of fitness offerings, anytime, anywhere, through IOS and Android as well as most tablets and computers. “
  • 5/7/2020 – Peloton had its price target raised by analysts at JPMorgan Chase & Co. from $40.00 to $58.00. They now have an “overweight” rating on the stock.
  • 5/7/2020 – Peloton had its price target raised by analysts at KeyCorp from $45.00 to $55.00. They now have an “overweight” rating on the stock.
  • 5/7/2020 – Peloton had its price target raised by analysts at Robert W. Baird from $36.00 to $52.00. They now have an “outperform” rating on the stock.
  • 5/7/2020 – Peloton had its price target raised by analysts at JMP Securities from $43.00 to $53.00. They now have an “outperform” rating on the stock.
  • 5/7/2020 – Peloton had its price target raised by analysts at Telsey Advisory Group from $39.00 to $53.00. They now have an “outperform” rating on the stock.
  • 5/7/2020 – Peloton had its price target raised by analysts at Oppenheimer Holdings Inc. from $38.00 to $46.00. They now have an “outperform” rating on the stock.
  • 5/7/2020 – Peloton had its price target raised by analysts at MKM Partners from $28.00 to $36.00. They now have a “neutral” rating on the stock.
  • 5/7/2020 – Peloton had its price target raised by analysts at Canaccord Genuity from $40.00 to $50.00. They now have a “buy” rating on the stock.
  • 5/7/2020 – Peloton had its price target raised by analysts at Cfra from $42.00 to $48.00. They now have a “buy” rating on the stock.
  • 5/7/2020 – Peloton had its price target raised by analysts at UBS Group AG from $40.00 to $48.00. They now have a “buy” rating on the stock.
  • 5/7/2020 – Peloton had its price target raised by analysts at Roth Capital from $38.00 to $51.00. They now have a “buy” rating on the stock.
  • 5/7/2020 – Peloton had its price target raised by analysts at SunTrust Banks, Inc. from $43.00 to $52.00. They now have a “buy” rating on the stock.
  • 5/7/2020 – Peloton had its price target raised by analysts at Needham & Company LLC from $40.00 to $50.00. They now have a “buy” rating on the stock.
  • 5/7/2020 – Peloton had its price target raised by analysts at Wedbush from $40.00 to $50.00.
  • 5/7/2020 – Peloton had its price target raised by analysts at Cowen Inc from $37.00 to $50.00.
  • 5/6/2020 – Peloton had its “buy” rating reaffirmed by analysts at Rosenblatt Securities. They now have a $56.00 price target on the stock, up previously from $42.00.
  • 5/5/2020 – Peloton had its “buy” rating reaffirmed by analysts at Bank of America Corp. They now have a $41.00 price target on the stock, up previously from $36.00.
  • 5/4/2020 – Peloton had its “hold” rating reaffirmed by analysts at MKM Partners. They now have a $28.00 price target on the stock.

Peloton stock traded up $0.56 during midday trading on Tuesday, reaching $57.77. The stock had a trading volume of 6,486,237 shares, compared to its average volume of 8,627,909. The stock’s 50-day simple moving average is $48.01 and its 200 day simple moving average is $33.91. Peloton has a twelve month low of $17.70 and a twelve month high of $60.00. The company has a debt-to-equity ratio of 0.33, a current ratio of 3.32 and a quick ratio of 2.96.

Peloton (NASDAQ:PTON) last issued its earnings results on Wednesday, May 6th. The company reported ($0.20) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.18) by ($0.02). The business had revenue of $524.60 million during the quarter, compared to analysts’ expectations of $491.08 million. Peloton had a negative net margin of 14.44% and a negative return on equity of 20.32%. Peloton’s revenue was up 65.6% on a year-over-year basis. As a group, research analysts anticipate that Peloton will post -0.55 earnings per share for the current year.

In other news, President William Lynch sold 77,132 shares of the firm’s stock in a transaction that occurred on Tuesday, April 14th. The shares were sold at an average price of $31.36, for a total transaction of $2,418,859.52. Following the completion of the sale, the president now owns 73,856 shares of the company’s stock, valued at $2,316,124.16. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, major shareholder Woodson Capital Management, Lp purchased 50,000 shares of the company’s stock in a transaction that occurred on Thursday, April 23rd. The stock was bought at an average price of $30.95 per share, with a total value of $1,547,500.00. The disclosure for this purchase can be found here. Over the last ninety days, insiders have sold 5,674,264 shares of company stock worth $198,566,620.

A number of large investors have recently bought and sold shares of the stock. Victory Capital Management Inc. acquired a new position in Peloton in the fourth quarter worth $225,000. New York State Common Retirement Fund acquired a new position in shares of Peloton in the fourth quarter worth $336,000. State Street Corp acquired a new stake in shares of Peloton during the 4th quarter valued at about $611,000. Charles Schwab Investment Management Inc. acquired a new position in shares of Peloton during the 4th quarter worth $4,585,000. Finally, FMR LLC increased its position in Peloton by 80.0% during the fourth quarter. FMR LLC now owns 1,351,736 shares of the company’s stock worth $38,390,000 after buying an additional 600,658 shares during the last quarter. Institutional investors and hedge funds own 41.42% of the company’s stock.

Peloton Interactive, Inc provides interactive fitness products in North America. It offers connected fitness products, such as the Peloton Bike and the Peloton Tread, which include touchscreen that streams live and on-demand classes. The company also provides connected fitness subscriptions for multiple household users, and access to all live and on-demand classes, as well as Peloton Digital app for connected fitness subscribers to provide access to its classes.

See Also: Cost of Equity For A Business, Investors

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