Shares of Peloton (NASDAQ:PTON) have received a consensus recommendation of “Buy” from the twenty-two research firms that are presently covering the stock, Marketbeat.com reports. Three research analysts have rated the stock with a hold recommendation and eighteen have assigned a buy recommendation to the company. The average 12-month target price among brokers that have covered the stock in the last year is $32.76.
Several equities research analysts have commented on the stock. KeyCorp restated a “buy” rating and set a $45.00 target price (up from $32.00) on shares of Peloton in a research report on Monday. Robert W. Baird boosted their target price on shares of Peloton from $29.00 to $35.00 in a research report on Friday, November 29th. Needham & Company LLC restated a “buy” rating and set a $30.00 target price on shares of Peloton in a research report on Tuesday, November 5th. Goldman Sachs Group assumed coverage on shares of Peloton in a research report on Monday, October 21st. They set a “buy” rating and a $37.00 target price on the stock. Finally, Oppenheimer assumed coverage on shares of Peloton in a research report on Monday, October 21st. They set an “outperform” rating and a $29.00 target price on the stock.
NASDAQ:PTON traded down $0.52 during midday trading on Wednesday, reaching $32.96. The stock had a trading volume of 8,623,777 shares, compared to its average volume of 4,841,149. The business’s fifty day simple moving average is $23.45. Peloton has a 12-month low of $20.46 and a 12-month high of $37.02. The company has a debt-to-equity ratio of 0.31, a current ratio of 5.34 and a quick ratio of 4.71.
Peloton (NASDAQ:PTON) last posted its quarterly earnings data on Tuesday, November 5th. The company reported ($1.29) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.40) by ($0.89). The company had revenue of $228.00 million for the quarter, compared to analysts’ expectations of $199.35 million. The business’s revenue for the quarter was up 103.4% compared to the same quarter last year. As a group, analysts expect that Peloton will post -1.16 earnings per share for the current fiscal year.
In other news, insider X Cycle L.P. Tcv purchased 1,724,137 shares of the business’s stock in a transaction dated Monday, September 30th. The stock was acquired at an average price of $29.00 per share, with a total value of $49,999,973.00. Also, Director Howard C. Draft purchased 68,965 shares of the business’s stock in a transaction dated Thursday, September 26th. The shares were purchased at an average cost of $29.00 per share, with a total value of $1,999,985.00.
Several large investors have recently added to or reduced their stakes in PTON. Alpine Group USVI LLC acquired a new position in shares of Peloton during the 3rd quarter worth $648,000. St. Johns Investment Management Company LLC acquired a new position in shares of Peloton during the 3rd quarter worth $35,000. Flagship Harbor Advisors LLC acquired a new position in shares of Peloton during the 3rd quarter worth $26,000. FNY Investment Advisers LLC acquired a new position in shares of Peloton during the 3rd quarter worth $112,000. Finally, Sageworth Trust Co acquired a new position in shares of Peloton during the 3rd quarter worth $25,000. 21.46% of the stock is 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.
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