Peloton Interactive, Inc. (NASDAQ:PTON) Given Consensus Recommendation of “Hold” by Brokerages

Peloton Interactive, Inc. (NASDAQ:PTON) has been assigned a consensus rating of “Hold” from the twenty research firms that are currently covering the firm, Marketbeat.com reports. Two equities research analysts have rated the stock with a sell rating, fourteen have issued a hold rating and four have assigned a buy rating to the company. The average twelve-month price objective among brokers that have updated their coverage on the stock in the last year is $5.09.

Several research firms have commented on PTON. Telsey Advisory Group reissued a “market perform” rating and set a $4.00 target price (down previously from $5.00) on shares of Peloton Interactive in a research report on Monday, April 29th. Oppenheimer reissued an “outperform” rating on shares of Peloton Interactive in a research report on Tuesday, May 7th. Bank of America dropped their target price on shares of Peloton Interactive from $4.00 to $3.25 and set an “underperform” rating on the stock in a research report on Monday, April 29th. Sanford C. Bernstein cut shares of Peloton Interactive from an “outperform” rating to a “market perform” rating and dropped their target price for the stock from $8.00 to $3.80 in a research report on Friday, May 3rd. Finally, Robert W. Baird lifted their price target on shares of Peloton Interactive from $3.50 to $4.00 and gave the stock a “neutral” rating in a report on Tuesday, May 21st.

Insider Activity at Peloton Interactive

In other news, insider Andrew S. Rendich sold 27,741 shares of the business’s stock in a transaction on Monday, May 20th. The shares were sold at an average price of $3.91, for a total transaction of $108,467.31. Following the completion of the transaction, the insider now directly owns 113,288 shares in the company, valued at approximately $442,956.08. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, CFO Elizabeth F. Coddington sold 8,923 shares of the firm’s stock in a transaction that occurred on Friday, June 14th. The shares were sold at an average price of $3.68, for a total value of $32,836.64. Following the sale, the chief financial officer now directly owns 186,466 shares of the company’s stock, valued at $686,194.88. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Andrew S. Rendich sold 27,741 shares of the business’s stock in a transaction that occurred on Monday, May 20th. The stock was sold at an average price of $3.91, for a total transaction of $108,467.31. Following the completion of the transaction, the insider now directly owns 113,288 shares of the company’s stock, valued at approximately $442,956.08. The disclosure for this sale can be found here. In the last ninety days, insiders sold 51,600 shares of company stock worth $195,372. Corporate insiders own 3.28% of the company’s stock.

Hedge Funds Weigh In On Peloton Interactive

A number of hedge funds and other institutional investors have recently bought and sold shares of PTON. Capital World Investors grew its stake in Peloton Interactive by 17.6% in the 4th quarter. Capital World Investors now owns 26,259,325 shares of the company’s stock worth $159,919,000 after buying an additional 3,925,000 shares in the last quarter. Norges Bank purchased a new position in Peloton Interactive in the 4th quarter worth approximately $20,824,000. DNB Asset Management AS grew its stake in Peloton Interactive by 31.7% in the 4th quarter. DNB Asset Management AS now owns 8,386,903 shares of the company’s stock worth $51,076,000 after buying an additional 2,020,159 shares in the last quarter. Patient Capital Management LLC grew its stake in Peloton Interactive by 32.7% in the 4th quarter. Patient Capital Management LLC now owns 6,196,285 shares of the company’s stock worth $37,735,000 after buying an additional 1,527,471 shares in the last quarter. Finally, Jacobs Levy Equity Management Inc. purchased a new position in Peloton Interactive in the 1st quarter worth approximately $5,877,000. Hedge funds and other institutional investors own 77.01% of the company’s stock.

Peloton Interactive Stock Performance

Shares of NASDAQ PTON opened at $3.44 on Friday. Peloton Interactive has a fifty-two week low of $2.70 and a fifty-two week high of $9.87. The stock has a market cap of $1.28 billion, a price-to-earnings ratio of -1.63 and a beta of 2.04. The firm’s 50-day simple moving average is $3.56 and its 200 day simple moving average is $4.47.

Peloton Interactive (NASDAQ:PTON) last announced its quarterly earnings results on Thursday, May 2nd. The company reported ($0.45) earnings per share for the quarter, missing the consensus estimate of ($0.39) by ($0.06). The company had revenue of $717.70 million for the quarter, compared to analyst estimates of $720.85 million. During the same quarter last year, the firm posted ($0.79) earnings per share. The business’s quarterly revenue was down 4.2% compared to the same quarter last year. On average, sell-side analysts predict that Peloton Interactive will post -1.62 EPS 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.