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

Peloton Interactive, Inc. (NASDAQ:PTON) has received a consensus recommendation of “Hold” from the eighteen analysts that are covering the stock, MarketBeat.com reports. Fifteen equities research analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 12 month price target among brokerages that have issued ratings on the stock in the last year is $6.75.

Several analysts have issued reports on the company. Sanford C. Bernstein increased their price target on shares of Peloton Interactive from $4.25 to $6.50 and gave the company a “market perform” rating in a research report on Friday, November 1st. Roth Mkm lifted their target price on shares of Peloton Interactive from $5.00 to $6.00 and gave the stock a “buy” rating in a research report on Friday, August 23rd. Canaccord Genuity Group boosted their price target on shares of Peloton Interactive from $4.00 to $5.00 and gave the stock a “hold” rating in a research note on Friday, August 23rd. JPMorgan Chase & Co. raised their price objective on Peloton Interactive from $5.00 to $7.00 and gave the company a “neutral” rating in a research note on Friday, November 1st. Finally, BMO Capital Markets boosted their target price on Peloton Interactive from $6.50 to $8.50 and gave the company a “market perform” rating in a research note on Monday, November 4th.

Insider Activity

In related news, CFO Elizabeth F. Coddington sold 186,462 shares of the company’s stock in a transaction on Monday, November 18th. The stock was sold at an average price of $7.58, for a total transaction of $1,413,381.96. Following the completion of the sale, the chief financial officer now owns 223,017 shares in the company, valued at approximately $1,690,468.86. This represents a 45.54 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO Saqib Baig sold 36,776 shares of the firm’s stock in a transaction dated Monday, November 18th. The stock was sold at an average price of $7.53, for a total value of $276,923.28. Following the completion of the transaction, the chief accounting officer now directly owns 137,357 shares in the company, valued at $1,034,298.21. The trade was a 21.12 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 506,517 shares of company stock worth $3,524,339 over the last 90 days. 1.34% of the stock is currently owned by insiders.

Institutional Trading of Peloton Interactive

Hedge funds have recently bought and sold shares of the stock. PDT Partners LLC lifted its stake in shares of Peloton Interactive by 0.7% during the 3rd 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. boosted its stake in shares of Peloton Interactive by 31.9% in the third 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 during the period. Abundance Wealth Counselors grew its position in shares of Peloton Interactive by 24.7% during the second quarter. Abundance Wealth Counselors now owns 13,380 shares of the company’s stock worth $45,000 after purchasing an additional 2,654 shares in the last quarter. Signaturefd LLC grew its position in shares of 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 in the last quarter. Finally, Arizona State Retirement System lifted its holdings 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 in the last quarter. Institutional investors own 77.01% of the company’s stock.

Peloton Interactive Trading Up 5.3 %

Shares of Peloton Interactive stock opened at $9.54 on Monday. The company’s 50-day moving average price is $6.21 and its 200-day moving average price is $4.60. Peloton Interactive has a 12-month low of $2.70 and a 12-month high of $9.78. The company has a market cap of $3.64 billion, a price-to-earnings ratio of -8.92 and a beta of 1.93.

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

About Peloton Interactive

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.