Peloton Interactive, Inc. (NASDAQ:PTON) Receives $7.50 Average Price Target from Analysts

Shares of Peloton Interactive, Inc. (NASDAQ:PTON) have been given a consensus rating of “Hold” by the twenty-one ratings firms that are presently covering the stock, MarketBeat Ratings reports. Three investment analysts have rated the stock with a sell recommendation, thirteen have assigned a hold recommendation and five have assigned a buy recommendation to the company. The average 1-year price objective among brokerages that have issued a report on the stock in the last year is $7.50.

Several research firms have weighed in on PTON. Telsey Advisory Group decreased their price target on shares of Peloton Interactive from $6.00 to $5.00 and set a “market perform” rating on the stock in a research report on Friday, February 2nd. Morgan Stanley began coverage on shares of Peloton Interactive in a research report on Monday, March 11th. They issued an “equal weight” rating and a $3.00 price target on the stock. Truist Financial decreased their price target on shares of Peloton Interactive from $7.00 to $6.00 and set a “hold” rating on the stock in a research report on Friday, February 2nd. The Goldman Sachs Group reduced their price objective on shares of Peloton Interactive from $6.50 to $5.75 and set a “neutral” rating for the company in a research note on Friday, February 2nd. Finally, JPMorgan Chase & Co. reduced their price objective on shares of Peloton Interactive from $9.00 to $8.00 and set an “overweight” rating for the company in a research note on Friday, February 2nd.

Insiders Place Their Bets

In other Peloton Interactive news, CFO Elizabeth F. Coddington sold 8,977 shares of Peloton Interactive stock in a transaction on Thursday, March 14th. The shares were sold at an average price of $4.34, for a total value of $38,960.18. Following the completion of the transaction, the chief financial officer now directly owns 104,428 shares of the company’s stock, valued at approximately $453,217.52. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other Peloton Interactive news, CFO Elizabeth F. Coddington sold 8,977 shares of Peloton Interactive stock in a transaction on Thursday, March 14th. The shares were sold at an average price of $4.34, for a total value of $38,960.18. Following the completion of the transaction, the chief financial officer now directly owns 104,428 shares of the company’s stock, valued at approximately $453,217.52. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Karen Boone sold 50,000 shares of Peloton Interactive stock in a transaction on Thursday, February 1st. The stock was sold at an average price of $4.33, for a total transaction of $216,500.00. Following the completion of the transaction, the director now directly owns 34,966 shares of the company’s stock, valued at $151,402.78. The disclosure for this sale can be found here. Corporate insiders own 3.28% of the company’s stock.

Institutional Investors Weigh In On Peloton Interactive

Several institutional investors have recently made changes to their positions in the company. Covestor Ltd lifted its holdings in Peloton Interactive by 1,054.2% during the 1st quarter. Covestor Ltd now owns 1,385 shares of the company’s stock valued at $37,000 after buying an additional 1,265 shares in the last quarter. ICA Group Wealth Management LLC bought a new stake in Peloton Interactive during the 4th quarter valued at about $39,000. Johnson & White Wealth Management LLC bought a new stake in Peloton Interactive during the 1st quarter valued at about $43,000. KBC Group NV bought a new stake in Peloton Interactive during the 4th quarter valued at about $45,000. Finally, Rakuten Securities Inc. bought a new stake in Peloton Interactive during the 4th quarter valued at about $47,000. Institutional investors own 77.01% of the company’s stock.

Peloton Interactive Stock Down 5.8 %

Shares of Peloton Interactive stock opened at $3.10 on Friday. The company has a market cap of $1.14 billion, a price-to-earnings ratio of -1.27 and a beta of 1.96. The company’s 50 day moving average is $4.28 and its 200 day moving average is $5.05. Peloton Interactive has a twelve month low of $3.07 and a twelve month high of $10.13.

Peloton Interactive (NASDAQ:PTON) last released its quarterly earnings results on Thursday, February 1st. The company reported ($0.54) earnings per share for the quarter, topping the consensus estimate of ($0.55) by $0.01. The business had revenue of $743.60 million during the quarter, compared to the consensus estimate of $733.17 million. During the same quarter in the previous year, the business posted ($0.98) earnings per share. The firm’s revenue was down 6.2% on a year-over-year basis. Sell-side analysts expect that Peloton Interactive will post -1.6 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.