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

Peloton Interactive (NASDAQ:PTON) had its price target upped by equities research analysts at The Goldman Sachs Group from $8.00 to $10.00 in a research note issued to investors on Monday,Benzinga reports. The brokerage presently has a “neutral” rating on the stock. The Goldman Sachs Group’s price objective would suggest a potential upside of 10.79% from the stock’s previous close.

PTON has been the subject of a number of other reports. Macquarie upped their target price on Peloton Interactive from $4.90 to $9.00 and gave the stock a “neutral” rating in a research report on Friday, November 1st. JMP Securities reiterated a “market perform” rating on shares of Peloton Interactive in a research report on Friday. Needham & Company LLC reiterated a “hold” rating on shares of Peloton Interactive in a research report on Thursday. Morgan Stanley increased their price objective on Peloton Interactive from $3.50 to $5.00 and gave the company an “equal weight” rating in a research report on Friday, November 1st. Finally, Bank of America upgraded Peloton Interactive from an “underperform” rating to a “buy” rating and increased their price objective for the company from $3.75 to $9.00 in a research report on Monday, November 4th. Sixteen investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat.com, Peloton Interactive presently has an average rating of “Hold” and an average target price of $7.93.

Peloton Interactive Stock Up 7.8 %

Shares of NASDAQ:PTON traded up $0.66 during trading on Monday, hitting $9.03. 14,339,948 shares of the company traded hands, compared to its average volume of 13,644,147. The business’s fifty day moving average is $8.92 and its 200-day moving average is $6.68. The stock has a market capitalization of $3.44 billion, a price-to-earnings ratio of -11.73 and a beta of 1.95. Peloton Interactive has a one year low of $2.70 and a one year high of $10.90.

Peloton Interactive (NASDAQ:PTON) last issued its quarterly earnings data 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 forecast that Peloton Interactive will post -0.39 EPS for the current year.

Insider Buying and Selling

In other Peloton Interactive news, CAO Saqib Baig sold 36,776 shares of the business’s stock in a transaction on Monday, November 18th. The stock was sold at an average price of $7.53, for a total value of $276,923.28. Following the transaction, the chief accounting officer now owns 137,357 shares of the company’s stock, valued at approximately $1,034,298.21. The trade was a 21.12 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Karen Boone sold 17,259 shares of the company’s stock in a transaction on Thursday, January 2nd. The shares were sold at an average price of $8.63, for a total value of $148,945.17. Following the transaction, the director now directly owns 244,641 shares in the company, valued at $2,111,251.83. This trade represents a 6.59 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 395,813 shares of company stock worth $3,041,724. 1.34% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Peloton Interactive

Several large investors have recently made changes to their positions in PTON. R Squared Ltd acquired a new position in shares of Peloton Interactive during the fourth quarter valued at $28,000. Point72 Asia Singapore Pte. Ltd. lifted its stake in shares of 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 acquiring an additional 1,597 shares during the period. Verdence Capital Advisors LLC acquired a new position in shares of Peloton Interactive during the third quarter valued at $52,000. Ballentine Partners LLC bought a new stake in Peloton Interactive in the third quarter valued at about $55,000. Finally, Sanctuary Advisors LLC bought a new stake in Peloton Interactive in the third quarter valued at about $58,000. Institutional investors and hedge funds 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.