Peloton (NASDAQ:PTON) had its price objective raised by investment analysts at UBS Group from $29.00 to $38.00 in a research report issued on Tuesday, The Fly reports. The firm currently has a “positive” rating on the stock. UBS Group’s price objective indicates a potential upside of 9.29% from the stock’s current price. The analysts noted that the move was a valuation call.

PTON has been the subject of several other reports. Canaccord Genuity started coverage on Peloton in a report on Monday, October 21st. They issued a “buy” rating and a $33.00 price target for the company. Bank of America assumed coverage on Peloton in a research report on Monday, October 21st. They set a “buy” rating and a $29.00 price target on the stock. JPMorgan Chase & Co. began coverage on Peloton in a report on Monday, October 21st. They set an “overweight” rating and a $32.00 price objective on the stock. Needham & Company LLC reiterated a “buy” rating and issued a $30.00 price objective on shares of Peloton in a research report on Tuesday, November 5th. Finally, Evercore ISI initiated coverage on Peloton in a research note on Monday, October 21st. They set an “outperform” rating and a $30.00 target price for the company. Three equities research analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the company’s stock. Peloton presently has a consensus rating of “Buy” and a consensus target price of $33.00.

Shares of NASDAQ:PTON opened at $34.77 on Tuesday. The company has a 50 day moving average price of $24.39. Peloton has a fifty-two week low of $20.46 and a fifty-two week high of $37.02. The company has a debt-to-equity ratio of 0.31, a quick ratio of 4.71 and a current ratio of 5.34.

Peloton (NASDAQ:PTON) last issued its quarterly earnings data on Tuesday, November 5th. The company reported ($1.29) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.40) by ($0.89). The company had revenue of $228.00 million during the quarter, compared to analyst estimates of $199.35 million. The business’s quarterly revenue was up 103.4% on a year-over-year basis. On average, analysts forecast that Peloton will post -1.16 EPS for the current fiscal year.

In other Peloton news, insider X Cycle L.P. Tcv bought 1,724,137 shares of the firm’s stock in a transaction that occurred on 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 bought 68,965 shares of the firm’s stock in a transaction that occurred on Thursday, September 26th. The stock was acquired at an average cost of $29.00 per share, with a total value of $1,999,985.00.

Several institutional investors have recently bought and sold shares of the company. Sageworth Trust Co acquired a new stake in shares of Peloton in the third quarter valued at about $25,000. Flagship Harbor Advisors LLC bought a new position in shares of Peloton in the third quarter valued at $26,000. St. Johns Investment Management Company LLC acquired a new position in Peloton during the third quarter worth $35,000. FNY Investment Advisers LLC bought a new stake in Peloton during the third quarter worth $112,000. Finally, Alpine Group USVI LLC bought a new stake in Peloton during the third quarter worth $648,000. Institutional investors own 21.46% of the company’s stock.

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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The Fly

Analyst Recommendations for Peloton (NASDAQ:PTON)

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