Peloton Interactive (NASDAQ:PTON) Shares Gap Up to $4.90

Peloton Interactive, Inc. (NASDAQ:PTON) shares gapped up before the market opened on Monday . The stock had previously closed at $4.90, but opened at $5.01. Peloton Interactive shares last traded at $4.95, with a volume of 1,360,925 shares changing hands.

Analyst Ratings Changes

Several equities research analysts have weighed in on the company. JMP Securities reissued a “market perform” rating on shares of Peloton Interactive in a report on Tuesday, July 2nd. JPMorgan Chase & Co. downgraded shares of Peloton Interactive from an “overweight” rating to a “neutral” rating and decreased their target price for the company from $7.00 to $5.00 in a research report on Friday, August 23rd. Telsey Advisory Group increased their price target on Peloton Interactive from $4.00 to $5.00 and gave the stock a “market perform” rating in a research report on Friday, August 23rd. TD Cowen boosted their price objective on Peloton Interactive from $3.00 to $4.00 and gave the company a “hold” rating in a report on Friday, August 23rd. Finally, Needham & Company LLC restated a “hold” rating on shares of Peloton Interactive in a research note on Thursday, August 22nd. Two equities research analysts have rated the stock with a sell rating, eighteen have given a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat, Peloton Interactive presently has a consensus rating of “Hold” and an average price target of $4.57.

Peloton Interactive Stock Down 2.2 %

The company has a market cap of $1.78 billion, a price-to-earnings ratio of -2.32 and a beta of 2.04. The stock’s 50-day simple moving average is $3.91 and its 200 day simple moving average is $3.79.

Peloton Interactive (NASDAQ:PTON) last released its quarterly earnings results on Thursday, August 22nd. The company reported ($0.08) EPS for the quarter, topping the consensus estimate of ($0.18) by $0.10. The firm had revenue of $644.00 million for the quarter, compared to analysts’ expectations of $633.00 million. During the same quarter in the prior year, the business earned ($0.68) earnings per share. The company’s quarterly revenue was up .3% on a year-over-year basis. On average, sell-side analysts expect that Peloton Interactive, Inc. will post -0.65 EPS for the current fiscal year.

Insider Buying and Selling at Peloton Interactive

In other Peloton Interactive news, CEO Karen Boone sold 14,841 shares of the stock in a transaction dated Monday, July 1st. The stock was sold at an average price of $3.31, for a total value of $49,123.71. Following the sale, the chief executive officer now owns 116,171 shares of the company’s stock, valued at approximately $384,526.01. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, CEO Chris Bruzzo sold 15,113 shares of Peloton Interactive stock in a transaction dated Thursday, August 1st. The stock was sold at an average price of $3.42, for a total transaction of $51,686.46. Following the sale, the chief executive officer now owns 97,433 shares in the company, valued at $333,220.86. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Karen Boone sold 14,841 shares of the firm’s stock in a transaction that occurred on Monday, July 1st. The stock was sold at an average price of $3.31, for a total value of $49,123.71. Following the transaction, the chief executive officer now owns 116,171 shares in the company, valued at approximately $384,526.01. The disclosure for this sale can be found here. Insiders sold 172,857 shares of company stock valued at $771,710 in the last 90 days. Company insiders own 3.28% of the company’s stock.

Hedge Funds Weigh In On Peloton Interactive

A number of hedge funds and other institutional investors have recently made changes to their positions in PTON. Victory Capital Management Inc. boosted its position in Peloton Interactive by 25.9% during the fourth quarter. Victory Capital Management Inc. now owns 42,214 shares of the company’s stock worth $257,000 after purchasing an additional 8,686 shares in the last quarter. Private Advisor Group LLC increased its holdings in Peloton Interactive by 11.5% in the 4th quarter. Private Advisor Group LLC now owns 37,373 shares of the company’s stock valued at $228,000 after purchasing an additional 3,855 shares in the last quarter. Charles Schwab Investment Management Inc. grew its position in Peloton Interactive by 13.2% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 2,528,222 shares of the company’s stock valued at $15,397,000 after acquiring an additional 295,436 shares in the last quarter. Jump Financial LLC lifted its holdings in Peloton Interactive by 333.9% in the 4th quarter. Jump Financial LLC now owns 50,436 shares of the company’s stock worth $307,000 after buying an additional 38,811 shares in the last quarter. Finally, Norges Bank purchased a new position in Peloton Interactive in the fourth quarter valued at about $20,824,000. Hedge funds and other institutional investors own 77.01% of the company’s stock.

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.