Peloton Interactive (NASDAQ:PTON) Stock Price Up 6.7%

Shares of Peloton Interactive, Inc. (NASDAQ:PTON) rose 6.7% during mid-day trading on Tuesday . The stock traded as high as $117.41 and last traded at $116.35. Approximately 245,517 shares changed hands during trading, a decline of 97% from the average daily volume of 7,824,437 shares. The stock had previously closed at $109.09.

PTON has been the subject of several research reports. Raymond James downgraded shares of Peloton Interactive from an “outperform” rating to a “market perform” rating in a research report on Friday, February 5th. Zacks Investment Research downgraded shares of Peloton Interactive from a “buy” rating to a “hold” rating in a research report on Saturday, January 23rd. The Goldman Sachs Group lifted their price target on shares of Peloton Interactive from $162.00 to $180.00 and gave the company a “neutral” rating in a research report on Friday, February 5th. MKM Partners upgraded shares of Peloton Interactive from a “neutral” rating to a “buy” rating and set a $130.00 price target for the company in a research report on Monday, March 15th. Finally, Barclays lifted their price target on shares of Peloton Interactive from $148.00 to $163.00 and gave the company an “overweight” rating in a research report on Friday, February 5th. Two analysts have rated the stock with a sell rating, three have given a hold rating and twenty-five have issued a buy rating to the stock. The stock currently has an average rating of “Buy” and an average price target of $150.39.

The company has a market cap of $33.93 billion, a P/E ratio of 1,645.71 and a beta of 0.87. The firm’s 50 day moving average is $114.93 and its two-hundred day moving average is $125.94.

Peloton Interactive (NASDAQ:PTON) last issued its quarterly earnings data on Thursday, February 4th. The company reported $0.18 earnings per share for the quarter, topping the consensus estimate of $0.10 by $0.08. Peloton Interactive had a net margin of 2.01% and a return on equity of 2.90%. The company had revenue of $1.06 billion for the quarter, compared to analysts’ expectations of $1.03 billion. On average, sell-side analysts predict that Peloton Interactive, Inc. will post 0.45 earnings per share for the current fiscal year.

In related news, insider Mariana Garavaglia sold 4,688 shares of the company’s stock in a transaction that occurred on Thursday, January 28th. The shares were sold at an average price of $147.23, for a total transaction of $690,214.24. Following the sale, the insider now directly owns 7,544 shares in the company, valued at approximately $1,110,703.12. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO John Paul Foley sold 100,000 shares of the company’s stock in a transaction that occurred on Friday, January 15th. The shares were sold at an average price of $160.34, for a total transaction of $16,034,000.00. Following the sale, the chief executive officer now owns 391,187 shares in the company, valued at $62,722,923.58. The disclosure for this sale can be found here. Insiders have sold 384,724 shares of company stock worth $51,389,928 in the last quarter. Company insiders own 16.50% of the company’s stock.

Hedge funds and other institutional investors have recently bought and sold shares of the business. Eudaimonia Partners LLC purchased a new stake in Peloton Interactive in the 4th quarter worth approximately $29,000. Signet Investment Advisory Group Inc. purchased a new stake in Peloton Interactive in the 4th quarter worth approximately $30,000. Kathmere Capital Management LLC purchased a new stake in Peloton Interactive in the 3rd quarter worth approximately $31,000. Childress Capital Advisors LLC purchased a new stake in Peloton Interactive in the 4th quarter worth approximately $36,000. Finally, Alpha DNA Investment Management LLC purchased a new stake in Peloton Interactive in the 4th quarter worth approximately $40,000. Institutional investors and hedge funds own 61.13% of the company’s stock.

Peloton Interactive Company Profile (NASDAQ:PTON)

Peloton Interactive, Inc provides interactive fitness products in North America and internationally. 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.

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