Peloton Interactive (NASDAQ:PTON) Given New $5.00 Price Target at Roth Mkm

Peloton Interactive (NASDAQ:PTON) had its price objective trimmed by Roth Mkm from $7.00 to $5.00 in a research note released on Friday, Benzinga reports. The brokerage currently has a buy rating on the stock.

Several other analysts have also issued reports on the stock. Morgan Stanley assumed coverage on shares of Peloton Interactive in a research report on Monday, March 11th. They set an equal weight rating and a $3.00 price target on the stock. Robert W. Baird reduced their price target on shares of Peloton Interactive from $5.00 to $3.50 and set a neutral rating for the company in a report on Friday. Truist Financial reduced their price objective on shares of Peloton Interactive from $7.00 to $6.00 and set a hold rating for the company in a report on Friday, February 2nd. Telsey Advisory Group reiterated a market perform rating and set a $4.00 price target (down previously from $5.00) on shares of Peloton Interactive in a research note on Monday, April 29th. Finally, The Goldman Sachs Group reduced their price objective on shares of Peloton Interactive from $6.50 to $5.75 and set a neutral rating for the company in a research note on Friday, February 2nd. Three investment analysts have rated the stock with a sell rating, fourteen have issued a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of Hold and a consensus target price of $5.70.

Peloton Interactive Stock Up 1.2 %

PTON stock traded up $0.04 during mid-day trading on Friday, reaching $3.47. 2,416,946 shares of the stock traded hands, compared to its average volume of 14,783,824. The business has a 50-day moving average of $3.93 and a two-hundred day moving average of $4.87. Peloton Interactive has a 52 week low of $2.70 and a 52 week high of $9.87. The firm has a market capitalization of $1.27 billion, a PE ratio of -1.62 and a beta of 2.01.

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

Insider Activity

In related news, CFO Elizabeth F. Coddington sold 8,977 shares of the stock in a transaction on Thursday, March 14th. The stock was sold at an average price of $4.34, for a total value of $38,960.18. Following the completion of the transaction, the chief financial officer now directly owns 104,428 shares of the company’s stock, valued at approximately $453,217.52. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders own 3.28% of the company’s stock.

Institutional Trading of Peloton Interactive

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

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.