Peloton Interactive (NASDAQ:PTON) Given New $10.00 Price Target at The Goldman Sachs Group

Peloton Interactive (NASDAQ:PTON) had its price objective raised by equities research analysts at The Goldman Sachs Group from $8.00 to $10.00 in a research report issued on Monday,Benzinga reports. The brokerage currently has a “neutral” rating on the stock. The Goldman Sachs Group’s target price indicates a potential upside of 10.79% from the stock’s current price.

PTON has been the topic of a number of other research reports. Citigroup reduced their price target on Peloton Interactive from $11.00 to $10.00 and set a “neutral” rating on the stock in a report on Monday. Needham & Company LLC restated a “hold” rating on shares of Peloton Interactive in a report on Thursday. Sanford C. Bernstein lifted their price objective on Peloton Interactive from $4.25 to $6.50 and gave the company a “market perform” rating in a research report on Friday, November 1st. Robert W. Baird lifted their price objective on Peloton Interactive from $4.75 to $8.00 and gave the company a “neutral” rating in a research report on Friday, November 1st. Finally, JMP Securities reaffirmed a “market perform” rating on shares of Peloton Interactive in a research report on Friday. Sixteen analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $7.93.

Peloton Interactive Stock Up 7.8 %

NASDAQ:PTON traded up $0.66 during trading hours on Monday, hitting $9.03. 14,339,948 shares of the company’s stock traded hands, compared to its average volume of 13,644,147. The firm has a market cap of $3.44 billion, a P/E ratio of -11.73 and a beta of 1.95. Peloton Interactive has a 52 week low of $2.70 and a 52 week high of $10.90. The business’s fifty day simple moving average is $8.92 and its two-hundred day simple moving average is $6.68.

Peloton Interactive (NASDAQ:PTON) last issued its quarterly earnings results on Thursday, February 6th. The company reported ($0.24) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.20) by ($0.04). On average, analysts expect that Peloton Interactive will post -0.39 EPS for the current year.

Insiders Place Their Bets

In related news, Director Karen Boone sold 17,259 shares of the stock in a transaction dated Thursday, January 2nd. The shares were sold at an average price of $8.63, for a total value of $148,945.17. Following the completion of the transaction, the director now owns 244,641 shares of the company’s stock, valued at approximately $2,111,251.83. This trade represents a 6.59 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Andrew S. Rendich sold 138,391 shares of the stock in a transaction dated Monday, November 18th. The shares were sold at an average price of $7.51, for a total transaction of $1,039,316.41. Following the completion of the transaction, the insider now directly owns 287,973 shares of the company’s stock, valued at approximately $2,162,677.23. The trade was a 32.46 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 395,813 shares of company stock worth $3,041,724. Corporate insiders own 1.34% of the company’s stock.

Institutional Trading of Peloton Interactive

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in PTON. PDT Partners LLC increased its holdings in Peloton Interactive by 0.7% during the third quarter. PDT Partners LLC now owns 205,573 shares of the company’s stock valued at $962,000 after buying an additional 1,373 shares during the period. Victory Capital Management Inc. increased its holdings in Peloton Interactive by 3.8% during the fourth quarter. Victory Capital Management Inc. now owns 42,084 shares of the company’s stock valued at $366,000 after buying an additional 1,534 shares during the period. Point72 Asia Singapore Pte. Ltd. increased its holdings in Peloton Interactive by 31.9% during the third quarter. Point72 Asia Singapore Pte. Ltd. now owns 6,605 shares of the company’s stock valued at $31,000 after buying an additional 1,597 shares during the period. Choreo LLC increased its holdings in Peloton Interactive by 12.3% during the fourth quarter. Choreo LLC now owns 16,832 shares of the company’s stock valued at $150,000 after buying an additional 1,838 shares during the period. Finally, Jones Financial Companies Lllp boosted its stake in Peloton Interactive by 33.9% in the fourth quarter. Jones Financial Companies Lllp now owns 9,496 shares of the company’s stock valued at $83,000 after acquiring an additional 2,403 shares in the last quarter. 77.01% of the stock is owned by hedge funds and other institutional investors.

About Peloton Interactive

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.