KeyCorp restated their buy rating on shares of Peloton (NASDAQ:PTON) in a research report released on Monday, The Fly reports. They currently have a $45.00 target price on the stock, up from their previous target price of $32.00.

A number of other brokerages have also weighed in on PTON. Sanford C. Bernstein started coverage on Peloton in a research note on Wednesday, October 23rd. They set an outperform rating for the company. Goldman Sachs Group assumed coverage on Peloton in a research report on Monday, October 21st. They issued a buy rating and a $37.00 target price on the stock. MKM Partners initiated coverage on Peloton in a research note on Monday, October 21st. They set a neutral rating for the company. UBS Group assumed coverage on shares of Peloton in a research report on Monday, October 21st. They set a buy rating and a $30.00 price target for the company. Finally, Stifel Nicolaus restated a buy rating and issued a $37.00 price target on shares of Peloton in a research note on Tuesday, November 5th. Three analysts have rated the stock with a hold rating and nineteen have given a buy rating to the company. The stock presently has a consensus rating of Buy and an average price target of $32.28.

Shares of Peloton stock opened at $36.84 on Monday. The firm’s 50-day simple moving average is $23.00. 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 has a 1-year low of $20.46 and a 1-year high of $37.02.

Peloton (NASDAQ:PTON) last announced its earnings results on Tuesday, November 5th. The company reported ($1.29) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.40) by ($0.89). The firm had revenue of $228.00 million during the quarter, compared to analyst estimates of $199.35 million. The business’s revenue for the quarter was up 103.4% compared to the same quarter last year. On average, analysts predict that Peloton will post -1.16 EPS for the current fiscal year.

In other Peloton news, Director Howard C. Draft purchased 68,965 shares of Peloton stock in a transaction dated Thursday, September 26th. The shares were bought at an average cost of $29.00 per share, for a total transaction of $1,999,985.00. Also, insider X Cycle L.P. Tcv purchased 1,724,137 shares of the firm’s stock in a transaction dated Monday, September 30th. The stock was acquired at an average cost of $29.00 per share, with a total value of $49,999,973.00.

Several large investors have recently made changes to their positions in the stock. Sageworth Trust Co acquired a new stake in Peloton during the third quarter worth about $25,000. Flagship Harbor Advisors LLC acquired a new position in Peloton in the third quarter valued at approximately $26,000. St. Johns Investment Management Company LLC bought a new position in shares of Peloton during the third quarter valued at approximately $35,000. FNY Investment Advisers LLC bought a new position in shares of Peloton during the third quarter valued at approximately $112,000. Finally, Alpine Group USVI LLC bought a new position in shares of Peloton during the third quarter valued at approximately $648,000. 21.46% of the stock is owned by institutional investors and hedge funds.

About Peloton

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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Analyst Recommendations for Peloton (NASDAQ:PTON)

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