Peloton Interactive, Inc. (NASDAQ:PTON) Receives Consensus Rating of “Hold” from Analysts

Peloton Interactive, Inc. (NASDAQ:PTON) has been given a consensus recommendation of “Hold” by the nineteen brokerages that are presently covering the company, MarketBeat Ratings reports. Sixteen investment analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average 1-year target price among analysts that have updated their coverage on the stock in the last year is $6.97.

Several research analysts have recently commented on PTON shares. Macquarie lifted their price target on Peloton Interactive from $4.90 to $9.00 and gave the stock a “neutral” rating in a report on Friday, November 1st. Needham & Company LLC reiterated a “hold” rating on shares of Peloton Interactive in a report on Friday, November 1st. Truist Financial raised their price target on shares of Peloton Interactive from $6.00 to $10.00 and gave the stock a “hold” rating in a report on Friday, November 1st. Sanford C. Bernstein raised their target price on Peloton Interactive from $4.25 to $6.50 and gave the stock a “market perform” rating in a research note on Friday, November 1st. Finally, Telsey Advisory Group upped their price target on Peloton Interactive from $5.00 to $9.00 and gave the company a “market perform” rating in a research note on Friday, November 1st.

Insiders Place Their Bets

In related news, insider Andrew S. Rendich sold 138,391 shares of the firm’s stock in a transaction that occurred on Monday, November 18th. The shares were sold at an average price of $7.51, for a total value of $1,039,316.41. Following the sale, the insider now owns 287,973 shares of the company’s stock, valued at $2,162,677.23. This trade represents a 32.46 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Karen Boone sold 16,925 shares of the business’s stock in a transaction that occurred on Thursday, December 5th. The stock was sold at an average price of $9.64, for a total transaction of $163,157.00. Following the transaction, the chief executive officer now owns 228,217 shares of the company’s stock, valued at $2,200,011.88. This trade represents a 6.90 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 430,539 shares of company stock worth $3,260,596 in the last ninety days. 1.34% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Peloton Interactive

Several institutional investors have recently modified their holdings of the company. PDT Partners LLC raised its stake in Peloton Interactive by 0.7% in 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 in the last quarter. Point72 Asia Singapore Pte. Ltd. raised its position in shares of Peloton Interactive by 31.9% during the 3rd quarter. Point72 Asia Singapore Pte. Ltd. now owns 6,605 shares of the company’s stock worth $31,000 after acquiring an additional 1,597 shares in the last quarter. Signaturefd LLC lifted its stake in Peloton Interactive by 2.7% during the second quarter. Signaturefd LLC now owns 113,645 shares of the company’s stock worth $384,000 after purchasing an additional 3,032 shares during the last quarter. Arizona State Retirement System boosted its holdings in Peloton Interactive by 3.8% in the second quarter. Arizona State Retirement System now owns 92,781 shares of the company’s stock valued at $314,000 after purchasing an additional 3,377 shares in the last quarter. Finally, Kohmann Bosshard Financial Services LLC increased its stake in Peloton Interactive by 50.0% in the third quarter. Kohmann Bosshard Financial Services LLC now owns 15,000 shares of the company’s stock valued at $70,000 after purchasing an additional 5,000 shares during the last quarter. 77.01% of the stock is owned by hedge funds and other institutional investors.

Peloton Interactive Trading Up 1.0 %

PTON opened at $9.36 on Friday. The firm has a market capitalization of $3.57 billion, a PE ratio of -8.75 and a beta of 1.90. Peloton Interactive has a twelve month low of $2.70 and a twelve month high of $10.90. The firm’s 50-day moving average price is $8.29 and its 200 day moving average price is $5.49.

Peloton Interactive (NASDAQ:PTON) last posted its quarterly earnings results on Thursday, October 31st. The company reported ($0.16) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.15) by ($0.01). The firm had revenue of $586.00 million during the quarter, compared to analyst estimates of $572.97 million. During the same period in the previous year, the business earned ($0.44) EPS. Peloton Interactive’s quarterly revenue was down 1.6% on a year-over-year basis. As a group, analysts predict that Peloton Interactive will post -0.38 earnings per share for the current fiscal year.

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.