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

Shares of Peloton Interactive, Inc. (NASDAQ:PTON) have received an average rating of “Hold” from the nineteen research firms that are presently covering the stock, Marketbeat Ratings reports. Sixteen research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average 1 year price objective among brokerages that have updated their coverage on the stock in the last year is $6.97.

PTON has been the subject of a number of research analyst reports. UBS Group raised shares of Peloton Interactive from a “sell” rating to a “neutral” rating and increased their price objective for the company from $2.50 to $10.00 in a report on Friday, December 6th. JMP Securities reiterated a “market perform” rating on shares of Peloton Interactive in a report on Thursday, October 3rd. Macquarie boosted their price target on shares of Peloton Interactive from $4.90 to $9.00 and gave the stock a “neutral” rating in a research note on Friday, November 1st. Truist Financial raised their price objective on Peloton Interactive from $6.00 to $10.00 and gave the company a “hold” rating in a research report on Friday, November 1st. Finally, Needham & Company LLC reissued a “hold” rating on shares of Peloton Interactive in a research note on Friday, November 1st.

Insider Buying and Selling

In related news, CEO Chris Bruzzo sold 24,977 shares of the business’s stock in a transaction on Friday, October 18th. The shares were sold at an average price of $5.80, for a total transaction of $144,866.60. Following the completion of the transaction, the chief executive officer now directly owns 149,240 shares in the company, valued at $865,592. The trade was a 14.34 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Karen Boone sold 17,259 shares of Peloton Interactive stock in a transaction dated Thursday, January 2nd. The shares were sold at an average price of $8.63, for a total value of $148,945.17. Following the transaction, the director now owns 244,641 shares of the company’s stock, valued at $2,111,251.83. The trade was a 6.59 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 447,798 shares of company stock worth $3,409,541 in the last 90 days. Insiders own 1.34% of the company’s stock.

Institutional Investors Weigh In On Peloton Interactive

Several hedge funds have recently modified their holdings of PTON. Everence Capital Management Inc. purchased a new position in Peloton Interactive during the fourth quarter valued at $125,000. Franklin Resources Inc. acquired a new position in shares of Peloton Interactive during the 3rd quarter worth about $505,000. Sanctuary Advisors LLC purchased a new position in Peloton Interactive in the 3rd quarter valued at about $58,000. XTX Topco Ltd boosted its holdings in Peloton Interactive by 445.2% in the 3rd quarter. XTX Topco Ltd now owns 350,570 shares of the company’s stock worth $1,641,000 after buying an additional 286,268 shares during the last quarter. Finally, National Bank of Canada FI increased its stake in Peloton Interactive by 647.5% during the 3rd quarter. National Bank of Canada FI now owns 28,749 shares of the company’s stock worth $135,000 after buying an additional 24,903 shares in the last quarter. 77.01% of the stock is owned by hedge funds and other institutional investors.

Peloton Interactive Stock Performance

Peloton Interactive stock opened at $8.96 on Tuesday. Peloton Interactive has a one year low of $2.70 and a one year high of $10.90. The stock has a fifty day moving average of $9.11 and a 200 day moving average of $6.06. The stock has a market cap of $3.42 billion, a PE ratio of -8.37 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) earnings per share for the quarter, missing the consensus estimate of ($0.15) by ($0.01). The firm had revenue of $586.00 million for the quarter, compared to analyst estimates of $572.97 million. Peloton Interactive’s revenue was down 1.6% on a year-over-year basis. During the same quarter in the previous year, the company earned ($0.44) EPS. As a group, sell-side analysts predict that Peloton Interactive will post -0.38 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.