Peloton (NASDAQ:PTON) had its price target boosted by UBS Group from $29.00 to $38.00 in a research note issued to investors on Tuesday, The Fly reports. They currently have a positive rating on the stock. The analysts noted that the move was a valuation call.
Several other research firms have also commented on PTON. Bank of America assumed coverage on shares of Peloton in a research report on Monday, October 21st. They set a buy rating and a $29.00 price objective for the company. JMP Securities upped their target price on shares of Peloton from $34.00 to $38.00 and gave the company a market outperform rating in a research report on Thursday, December 5th. Sanford C. Bernstein initiated coverage on shares of Peloton in a report on Wednesday, October 23rd. They issued an outperform rating for the company. DA Davidson initiated coverage on Peloton in a research report on Thursday, September 12th. They issued a neutral rating for the company. Finally, JPMorgan Chase & Co. started coverage on Peloton in a research note on Monday, October 21st. They set an overweight rating and a $32.00 price objective on the stock. Three research analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the company. The company currently has a consensus rating of Buy and an average price target of $33.50.
NASDAQ:PTON opened at $32.78 on Tuesday. The firm’s 50-day simple moving average is $24.58. Peloton has a 52 week low of $20.46 and a 52 week high of $37.02. The company has a current ratio of 5.34, a quick ratio of 4.71 and a debt-to-equity ratio of 0.31.
Peloton (NASDAQ:PTON) last posted its quarterly earnings results on Tuesday, November 5th. The company reported ($1.29) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.40) by ($0.89). The business had revenue of $228.00 million during the quarter, compared to analyst estimates of $199.35 million. The firm’s quarterly revenue was up 103.4% compared to the same quarter last year. As a group, analysts predict that Peloton will post -1.16 earnings per share for the current fiscal year.
In other news, Director Howard C. Draft bought 68,965 shares of the business’s stock in a transaction dated Thursday, September 26th. The stock was purchased at an average cost of $29.00 per share, with a total value of $1,999,985.00. Also, insider X Cycle L.P. Tcv bought 1,724,137 shares of the firm’s stock in a transaction that occurred on Monday, September 30th. The stock was purchased at an average price of $29.00 per share, with a total value of $49,999,973.00.
Several hedge funds have recently bought and sold shares of the company. Sageworth Trust Co purchased a new position in Peloton during the third quarter valued at $25,000. Flagship Harbor Advisors LLC purchased a new position in Peloton in the third quarter valued at $26,000. St. Johns Investment Management Company LLC purchased a new stake in Peloton during the third quarter worth approximately $35,000. FNY Investment Advisers LLC acquired a new position in shares of Peloton in the 3rd quarter valued at $112,000. Finally, Alpine Group USVI LLC acquired a new stake in Peloton during the 3rd quarter worth $648,000. 21.46% of the stock is currently owned by institutional investors and hedge funds.
Peloton Company Profile
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: Retained Earnings
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