Peloton Interactive (NASDAQ:PTON) Given New $12.00 Price Target at Truist Financial

Peloton Interactive (NASDAQ:PTON) had its target price boosted by Truist Financial from $11.00 to $12.00 in a report issued on Friday,Benzinga reports. They currently have a buy rating on the stock.

PTON has been the subject of a number of other reports. Zacks Research upgraded Peloton Interactive from a “hold” rating to a “strong-buy” rating in a research note on Monday, October 6th. Telsey Advisory Group restated a “market perform” rating and set a $9.00 target price on shares of Peloton Interactive in a research report on Monday, November 3rd. Weiss Ratings reiterated a “sell (d-)” rating on shares of Peloton Interactive in a research report on Tuesday, October 14th. Canaccord Genuity Group reiterated a “buy” rating and set a $10.00 price target on shares of Peloton Interactive in a research note on Thursday, October 2nd. Finally, Needham & Company LLC restated a “hold” rating on shares of Peloton Interactive in a research note on Thursday, August 7th. One analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $9.86.

Peloton Interactive Stock Performance

Shares of PTON traded up $0.95 during mid-day trading on Friday, hitting $7.66. 29,768,282 shares of the company traded hands, compared to its average volume of 10,563,003. The stock has a market cap of $3.12 billion, a price-to-earnings ratio of -27.36, a P/E/G ratio of 2.30 and a beta of 2.33. The stock has a 50-day moving average price of $7.80 and a two-hundred day moving average price of $7.23. Peloton Interactive has a 1 year low of $4.63 and a 1 year high of $10.90.

Peloton Interactive (NASDAQ:PTON) last issued its quarterly earnings data on Thursday, November 6th. The company reported $0.03 EPS for the quarter, topping the consensus estimate of $0.01 by $0.02. The firm had revenue of $550.80 million during the quarter, compared to the consensus estimate of $540.61 million. The firm’s quarterly revenue was down 6.0% compared to the same quarter last year. Peloton Interactive has set its Q2 2026 guidance at EPS. FY 2026 guidance at EPS. On average, analysts forecast that Peloton Interactive will post -0.36 EPS for the current year.

Insiders Place Their Bets

In related news, CFO Elizabeth F. Coddington sold 238,664 shares of the business’s stock in a transaction dated Tuesday, September 16th. The stock was sold at an average price of $7.85, for a total value of $1,873,512.40. Following the completion of the transaction, the chief financial officer owned 346,535 shares of the company’s stock, valued at $2,720,299.75. The trade was a 40.78% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Dion C. Sanders sold 110,753 shares of the company’s stock in a transaction dated Thursday, September 18th. The stock was sold at an average price of $8.05, for a total transaction of $891,561.65. The SEC filing for this sale provides additional information. Insiders sold a total of 1,834,177 shares of company stock valued at $14,655,695 in the last quarter. Company insiders own 1.30% of the company’s stock.

Institutional Trading of Peloton Interactive

A number of institutional investors and hedge funds have recently made changes to their positions in PTON. Oder Investment Management LLC acquired a new position in shares of Peloton Interactive during the 1st quarter worth $336,000. D.A. Davidson & CO. bought a new position in Peloton Interactive in the second quarter valued at about $338,000. Teacher Retirement System of Texas acquired a new position in Peloton Interactive during the first quarter worth about $431,000. Resolute Capital Asset Partners LLC bought a new position in shares of Peloton Interactive in the first quarter worth about $790,000. Finally, Panagora Asset Management Inc. lifted its holdings in shares of Peloton Interactive by 214.5% in the first quarter. Panagora Asset Management Inc. now owns 745,041 shares of the company’s stock worth $4,709,000 after acquiring an additional 508,160 shares during the last quarter. 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.