Peloton Interactive, Inc. (NASDAQ:PTON) Receives Average Recommendation of “Hold” from Brokerages

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

A number of equities analysts recently weighed in on the stock. Robert W. Baird boosted their price target on shares of Peloton Interactive from $4.75 to $8.00 and gave the stock a “neutral” rating in a report on Friday, November 1st. Macquarie boosted their target price on shares of Peloton Interactive from $4.90 to $9.00 and gave the company a “neutral” rating in a research note on Friday, November 1st. Morgan Stanley lifted their price target on shares of Peloton Interactive from $3.50 to $5.00 and gave the stock an “equal weight” rating in a report on Friday, November 1st. Needham & Company LLC reissued a “hold” rating on shares of Peloton Interactive in a report on Friday, November 1st. Finally, UBS Group raised Peloton Interactive from a “sell” rating to a “neutral” rating and raised their target price for the stock from $2.50 to $10.00 in a research report on Friday, December 6th.

Insider Buying and Selling

In other Peloton Interactive news, CEO Karen Boone sold 16,925 shares of the business’s stock in a transaction that occurred on Thursday, December 5th. The shares were sold at an average price of $9.64, for a total value of $163,157.00. Following the completion of the transaction, the chief executive officer now owns 228,217 shares of the company’s stock, valued at $2,200,011.88. The trade was a 6.90 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Andrew S. Rendich sold 138,391 shares of the firm’s stock in a transaction on Monday, November 18th. The shares were sold at an average price of $7.51, for a total transaction of $1,039,316.41. Following the sale, the insider now owns 287,973 shares in the company, valued at approximately $2,162,677.23. This trade represents a 32.46 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 422,821 shares of company stock worth $3,264,674 over the last ninety days. 1.34% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Peloton Interactive

Several institutional investors have recently modified their holdings of the company. Principal Financial Group Inc. boosted its stake in Peloton Interactive by 30.1% in the second quarter. Principal Financial Group Inc. now owns 44,798 shares of the company’s stock worth $151,000 after buying an additional 10,367 shares in the last quarter. Commonwealth Equity Services LLC grew its holdings in shares of Peloton Interactive by 4.3% during the 2nd quarter. Commonwealth Equity Services LLC now owns 133,765 shares of the company’s stock valued at $452,000 after purchasing an additional 5,463 shares during the last quarter. Rhumbline Advisers increased its holdings in shares of Peloton Interactive by 26.4% in the second quarter. Rhumbline Advisers now owns 464,436 shares of the company’s stock worth $1,570,000 after buying an additional 96,897 shares during the period. Arizona State Retirement System increased its stake in Peloton Interactive by 3.8% in the 2nd quarter. Arizona State Retirement System now owns 92,781 shares of the company’s stock worth $314,000 after purchasing an additional 3,377 shares during the period. Finally, Choreo LLC purchased a new position in shares of Peloton Interactive in the second quarter worth $44,000. 77.01% of the stock is currently owned by institutional investors.

Peloton Interactive Stock Performance

NASDAQ:PTON opened at $8.27 on Tuesday. Peloton Interactive has a 52 week low of $2.70 and a 52 week high of $10.90. The firm has a 50-day moving average price of $9.15 and a two-hundred day moving average price of $6.17. The firm has a market cap of $3.15 billion, a price-to-earnings ratio of -7.73 and a beta of 1.95.

Peloton Interactive (NASDAQ:PTON) last issued its quarterly earnings results on Thursday, October 31st. The company reported ($0.16) EPS for the quarter, missing analysts’ consensus estimates of ($0.15) by ($0.01). The company had revenue of $586.00 million during the quarter, compared to the consensus estimate of $572.97 million. During the same period last year, the firm earned ($0.44) earnings per share. The company’s revenue was down 1.6% compared to the same quarter last year. As a group, sell-side analysts forecast that Peloton Interactive will post -0.39 earnings per share for the current 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.