Peloton Interactive, Inc. (NASDAQ:PTON) Given Average Rating of “Hold” by Brokerages

Peloton Interactive, Inc. (NASDAQ:PTON) has been assigned a consensus rating of “Hold” from the nineteen ratings firms that are currently covering the company, Marketbeat.com reports. Sixteen research analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average twelve-month price objective among analysts that have updated their coverage on the stock in the last year is $6.97.

A number of research analysts recently issued reports on the company. Canaccord Genuity Group boosted their price target on Peloton Interactive from $4.00 to $5.00 and gave the company a “hold” rating in a report on Friday, August 23rd. UBS Group upgraded Peloton Interactive from a “sell” rating to a “neutral” rating and upped their target price for the company from $2.50 to $10.00 in a report on Friday, December 6th. TD Cowen lifted their price target on shares of Peloton Interactive from $3.00 to $4.00 and gave the company a “hold” rating in a report on Friday, August 23rd. Macquarie upped their price objective on shares of Peloton Interactive from $4.90 to $9.00 and gave the stock a “neutral” rating in a report on Friday, November 1st. Finally, Robert W. Baird lifted their target price on shares of Peloton Interactive from $4.75 to $8.00 and gave the company a “neutral” rating in a research note on Friday, November 1st.

Insider Buying and Selling

In other Peloton Interactive news, CEO Karen Boone sold 16,925 shares of the company’s stock in a transaction on Thursday, December 5th. The shares were sold at an average price of $9.64, for a total value of $163,157.00. Following the sale, the chief executive officer now directly owns 228,217 shares of the company’s stock, valued at approximately $2,200,011.88. This represents a 6.90 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Chris Bruzzo sold 24,977 shares of the business’s 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 completion of the transaction, the chief executive officer now directly owns 149,240 shares of the company’s stock, valued at approximately $865,592. This trade represents a 14.34 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 430,539 shares of company stock worth $3,260,596 in the last 90 days. Insiders own 1.34% of the company’s stock.

Institutional Investors Weigh In On Peloton Interactive

A number of institutional investors have recently modified their holdings of the business. PDT Partners LLC raised its holdings in Peloton Interactive by 0.7% in the 3rd quarter. PDT Partners LLC now owns 205,573 shares of the company’s stock valued at $962,000 after acquiring an additional 1,373 shares during the last quarter. Point72 Asia Singapore Pte. Ltd. grew its position in shares of Peloton Interactive by 31.9% in the third quarter. Point72 Asia Singapore Pte. Ltd. now owns 6,605 shares of the company’s stock valued at $31,000 after purchasing an additional 1,597 shares in the last quarter. Signaturefd LLC increased its holdings in shares of Peloton Interactive by 2.7% in the second quarter. Signaturefd LLC now owns 113,645 shares of the company’s stock valued at $384,000 after purchasing an additional 3,032 shares during the last quarter. Arizona State Retirement System lifted its position in Peloton Interactive by 3.8% during the second quarter. Arizona State Retirement System now owns 92,781 shares of the company’s stock worth $314,000 after buying an additional 3,377 shares in the last quarter. Finally, Kohmann Bosshard Financial Services LLC grew its holdings in Peloton Interactive by 50.0% in the 3rd quarter. Kohmann Bosshard Financial Services LLC now owns 15,000 shares of the company’s stock valued at $70,000 after buying an additional 5,000 shares in the last quarter. 77.01% of the stock is currently owned by institutional investors and hedge funds.

Peloton Interactive Stock Performance

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

Peloton Interactive (NASDAQ:PTON) last announced its quarterly earnings data on Thursday, October 31st. The company reported ($0.16) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.15) by ($0.01). The firm had revenue of $586.00 million for the quarter, compared to the consensus estimate of $572.97 million. During the same period last year, the business earned ($0.44) earnings per share. The business’s quarterly revenue was down 1.6% compared to the same quarter last year. On average, analysts predict 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.