Peloton Interactive, Inc. (NASDAQ:PTON) Receives $4.57 Consensus Price Target from Analysts

Shares of Peloton Interactive, Inc. (NASDAQ:PTON) have been assigned a consensus recommendation of “Hold” from the twenty-three ratings firms that are currently covering the stock, MarketBeat Ratings reports. Two investment analysts have rated the stock with a sell rating, eighteen have given a hold rating and three have assigned a buy rating to the company. The average 1-year price target among analysts that have issued a report on the stock in the last year is $4.57.

A number of brokerages have commented on PTON. JMP Securities reaffirmed a “market perform” rating on shares of Peloton Interactive in a research note on Tuesday, July 2nd. Telsey Advisory Group boosted their price target on shares of Peloton Interactive from $4.00 to $5.00 and gave the company a “market perform” rating in a research note on Friday, August 23rd. TD Cowen boosted their price target on shares of Peloton Interactive from $3.00 to $4.00 and gave the company a “hold” rating in a research note on Friday, August 23rd. Roth Mkm boosted their price target on shares of Peloton Interactive from $5.00 to $6.00 and gave the company a “buy” rating in a research note on Friday, August 23rd. Finally, Needham & Company LLC reissued a “hold” rating on shares of Peloton Interactive in a research note on Thursday, August 22nd.

Peloton Interactive Stock Up 10.8 %

Shares of NASDAQ PTON opened at $4.73 on Wednesday. The company’s 50-day simple moving average is $3.80 and its 200-day simple moving average is $3.79. Peloton Interactive has a 52-week low of $2.70 and a 52-week high of $7.24. The firm has a market cap of $1.75 billion, a price-to-earnings ratio of -2.24 and a beta of 2.04.

Peloton Interactive (NASDAQ:PTON) last posted its quarterly earnings results on Thursday, August 22nd. The company reported ($0.08) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.18) by $0.10. The business had revenue of $644.00 million for the quarter, compared to analyst estimates of $633.00 million. The business’s revenue was up .3% compared to the same quarter last year. During the same quarter in the previous year, the firm posted ($0.68) earnings per share. Equities research analysts anticipate that Peloton Interactive will post -0.65 EPS for the current fiscal year.

Insider Buying and Selling

In related news, CEO Chris Bruzzo sold 15,113 shares of the stock in a transaction on Thursday, August 1st. The shares were sold at an average price of $3.42, for a total transaction of $51,686.46. Following the completion of the sale, the chief executive officer now owns 97,433 shares in the company, valued at approximately $333,220.86. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In related news, CEO Chris Bruzzo sold 15,113 shares of the stock in a transaction on Thursday, August 1st. The shares were sold at an average price of $3.42, for a total transaction of $51,686.46. Following the completion of the sale, the chief executive officer now owns 97,433 shares in the company, valued at approximately $333,220.86. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Nick V. Caldwell purchased 31,337 shares of the firm’s stock in a transaction that occurred on Friday, August 23rd. The shares were acquired at an average price of $4.25 per share, with a total value of $133,182.25. Following the purchase, the insider now owns 31,337 shares in the company, valued at $133,182.25. The disclosure for this purchase can be found here. Insiders sold a total of 136,038 shares of company stock worth $597,188 in the last 90 days. Company insiders own 3.28% of the company’s stock.

Hedge Funds Weigh In On Peloton Interactive

A number of large investors have recently bought and sold shares of the company. Algert Global LLC purchased a new position in Peloton Interactive during the 2nd quarter worth $113,000. Clearline Capital LP purchased a new position in Peloton Interactive during the 2nd quarter worth $7,527,000. Susquehanna Fundamental Investments LLC purchased a new position in Peloton Interactive during the 2nd quarter worth $190,000. Select Equity Group L.P. purchased a new position in Peloton Interactive during the 2nd quarter worth $1,832,000. Finally, The Manufacturers Life Insurance Company raised its position in Peloton Interactive by 253.7% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 181,589 shares of the company’s stock worth $614,000 after buying an additional 130,242 shares during the last quarter. Hedge funds and other institutional investors own 77.01% of the company’s stock.

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.