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

Shares of Peloton Interactive, Inc. (NASDAQ:PTON) have earned a consensus rating of “Hold” from the nineteen ratings firms that are covering the company, Marketbeat reports. Sixteen equities research 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 analysts that have issued a report on the stock in the last year is $6.97.

PTON has been the topic of several research analyst reports. JMP Securities restated a “market perform” rating on shares of Peloton Interactive in a report on Thursday, October 3rd. Canaccord Genuity Group upped their price objective on shares of Peloton Interactive from $4.00 to $5.00 and gave the stock a “hold” rating in a report on Friday, August 23rd. Macquarie lifted their target price on shares of Peloton Interactive from $4.90 to $9.00 and gave the company a “neutral” rating in a report on Friday, November 1st. Telsey Advisory Group raised their price target on Peloton Interactive from $5.00 to $9.00 and gave the stock a “market perform” rating in a research report on Friday, November 1st. Finally, UBS Group upgraded Peloton Interactive from a “sell” rating to a “neutral” rating and boosted their price objective for the company from $2.50 to $10.00 in a report on Friday, December 6th.

Insider Buying and Selling at Peloton Interactive

In other Peloton Interactive news, CEO Karen Boone sold 13,484 shares of the company’s stock in a transaction on Friday, November 1st. The shares were sold at an average price of $8.27, for a total transaction of $111,512.68. Following the transaction, the chief executive officer now owns 211,459 shares in the company, valued at approximately $1,748,765.93. This represents a 5.99 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CEO Chris Bruzzo sold 24,977 shares of Peloton Interactive stock in a transaction dated Friday, October 18th. The shares were sold at an average price of $5.80, for a total value of $144,866.60. Following the transaction, the chief executive officer now owns 149,240 shares of the company’s stock, valued at $865,592. This trade represents a 14.34 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 430,539 shares of company stock worth $3,260,596. 1.34% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Peloton Interactive

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Gtcr LLC purchased a new stake in shares of Peloton Interactive during the third quarter worth $65,520,000. Two Sigma Advisers LP lifted its holdings in Peloton Interactive by 2.9% during the 3rd quarter. Two Sigma Advisers LP now owns 7,440,900 shares of the company’s stock worth $34,823,000 after purchasing an additional 206,500 shares in the last quarter. DME Capital Management LP bought a new position in Peloton Interactive in the 2nd quarter worth about $22,947,000. Charles Schwab Investment Management Inc. grew its holdings in Peloton Interactive by 7.9% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 3,996,356 shares of the company’s stock valued at $18,703,000 after buying an additional 291,946 shares in the last quarter. Finally, Clearline Capital LP bought a new stake in shares of Peloton Interactive during the second quarter valued at about $7,527,000. 77.01% of the stock is owned by hedge funds and other institutional investors.

Peloton Interactive Stock Down 2.2 %

Shares of NASDAQ PTON opened at $9.23 on Friday. Peloton Interactive has a 52 week low of $2.70 and a 52 week high of $10.90. The business’s 50 day moving average price is $8.12 and its 200 day moving average price is $5.39. The firm has a market cap of $3.52 billion, a P/E ratio of -8.63 and a beta of 1.90.

Peloton Interactive (NASDAQ:PTON) last released its quarterly earnings results on Thursday, October 31st. The company reported ($0.16) earnings per share 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 for the quarter was down 1.6% compared to the same quarter last year. As a group, research analysts expect that Peloton Interactive will post -0.38 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.