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

Shares of Peloton Interactive, Inc. (NASDAQ:PTON) have been given a consensus rating of “Hold” by the twenty ratings firms that are covering the stock, MarketBeat.com reports. Fifteen equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The average 1 year price target among brokerages that have covered the stock in the last year is $8.69.

Several research firms have weighed in on PTON. Needham & Company LLC restated a “hold” rating on shares of Peloton Interactive in a report on Thursday, February 6th. Telsey Advisory Group reissued a “market perform” rating and set a $11.00 price objective on shares of Peloton Interactive in a research note on Monday, February 3rd. Argus upgraded Peloton Interactive from a “hold” rating to a “buy” rating and set a $15.00 price objective for the company in a research report on Tuesday, February 11th. Canaccord Genuity Group upgraded Peloton Interactive from a “hold” rating to a “buy” rating and set a $10.00 target price on the stock in a report on Friday, March 14th. Finally, JMP Securities reissued a “market perform” rating on shares of Peloton Interactive in a report on Friday, February 7th.

Insider Activity at Peloton Interactive

In other news, insider Jennifer Cunningham Cotter sold 187,238 shares of the stock in a transaction on Thursday, March 6th. The shares were sold at an average price of $6.45, for a total value of $1,207,685.10. Following the completion of the sale, the insider now owns 100,269 shares of the company’s stock, valued at $646,735.05. This represents a 65.12 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Andrew S. Rendich sold 121,883 shares of the firm’s stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of $9.54, for a total transaction of $1,162,763.82. Following the completion of the transaction, the insider now directly owns 404,188 shares in the company, valued at approximately $3,855,953.52. This represents a 23.17 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 691,597 shares of company stock worth $5,671,783. 1.34% of the stock is owned by insiders.

Institutional Trading of Peloton Interactive

A number of hedge funds have recently made changes to their positions in PTON. Wealth Enhancement Advisory Services LLC acquired a new stake in Peloton Interactive during the 4th quarter valued at $108,000. Carolinas Wealth Consulting LLC acquired a new stake in shares of Peloton Interactive during the fourth quarter valued at about $87,000. Garde Capital Inc. increased its position in shares of Peloton Interactive by 96.0% during the fourth quarter. Garde Capital Inc. now owns 459,427 shares of the company’s stock worth $3,997,000 after acquiring an additional 225,000 shares during the last quarter. Mackenzie Financial Corp lifted its stake in shares of Peloton Interactive by 497.8% in the fourth quarter. Mackenzie Financial Corp now owns 128,810 shares of the company’s stock worth $1,121,000 after acquiring an additional 107,264 shares in the last quarter. Finally, Castleark Management LLC purchased a new position in Peloton Interactive in the fourth quarter valued at about $3,507,000. Hedge funds and other institutional investors own 77.01% of the company’s stock.

Peloton Interactive Stock Down 6.9 %

Shares of NASDAQ PTON opened at $6.30 on Friday. The firm has a 50-day moving average price of $7.73 and a 200 day moving average price of $7.58. Peloton Interactive has a 52 week low of $2.70 and a 52 week high of $10.90. The stock has a market capitalization of $2.46 billion, a price-to-earnings ratio of -8.18 and a beta of 1.95.

Peloton Interactive (NASDAQ:PTON) last announced its quarterly earnings results on Thursday, February 6th. The company reported ($0.24) EPS for the quarter, missing the consensus estimate of ($0.20) by ($0.04). Equities research analysts expect that Peloton Interactive will post -0.36 EPS 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.