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

Shares of Peloton Interactive, Inc. (NASDAQ:PTON) have received an average recommendation of “Hold” from the eighteen analysts that are presently covering the firm, MarketBeat reports. Fifteen 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 target among analysts that have covered the stock in the last year is $6.75.

Several equities analysts recently commented on the stock. Morgan Stanley upped their price target on shares of Peloton Interactive from $3.50 to $5.00 and gave the company an “equal weight” rating in a report on Friday, November 1st. JPMorgan Chase & Co. upped their target price on Peloton Interactive from $5.00 to $7.00 and gave the company a “neutral” rating in a research note on Friday, November 1st. TD Cowen boosted their price objective on Peloton Interactive from $3.00 to $4.00 and gave the company a “hold” rating in a report on Friday, August 23rd. Roth Mkm increased their target price on Peloton Interactive from $5.00 to $6.00 and gave the stock a “buy” rating in a research note on Friday, August 23rd. Finally, Truist Financial boosted their target price on shares of Peloton Interactive from $6.00 to $10.00 and gave the company a “hold” rating in a research note on Friday, November 1st.

Peloton Interactive Price Performance

Shares of NASDAQ PTON opened at $9.54 on Monday. Peloton Interactive has a 1-year low of $2.70 and a 1-year high of $9.78. The business’s 50 day moving average is $6.21 and its two-hundred day moving average is $4.60. The stock has a market capitalization of $3.64 billion, a P/E ratio of -8.92 and a beta of 1.93.

Peloton Interactive (NASDAQ:PTON) last issued its quarterly earnings results 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 company had revenue of $586.00 million during the quarter, compared to the consensus estimate of $572.97 million. During the same period in the previous year, the company posted ($0.44) EPS. The firm’s revenue was down 1.6% compared to the same quarter last year. As a group, equities research analysts anticipate that Peloton Interactive will post -0.38 earnings per share for the current fiscal year.

Insider Activity at Peloton Interactive

In other news, CAO Saqib Baig sold 36,776 shares of the firm’s stock in a transaction dated Monday, November 18th. The shares were sold at an average price of $7.53, for a total value of $276,923.28. Following the sale, the chief accounting officer now directly owns 137,357 shares in the company, valued at approximately $1,034,298.21. This trade represents a 21.12 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Elizabeth F. Coddington sold 56,084 shares of the business’s stock in a transaction that occurred on Tuesday, September 3rd. The stock was sold at an average price of $4.50, for a total transaction of $252,378.00. Following the transaction, the chief financial officer now owns 186,466 shares of the company’s stock, valued at approximately $839,097. This trade represents a 23.12 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 506,517 shares of company stock valued at $3,524,339 over the last ninety days. 1.34% of the stock is owned by company insiders.

Institutional Trading of Peloton Interactive

A number of institutional investors have recently made changes to their positions in PTON. Mercer Global Advisors Inc. ADV purchased a new position in shares of Peloton Interactive in the second quarter worth $27,000. Skylands Capital LLC purchased a new stake in Peloton Interactive in the second quarter valued at approximately $30,000. Point72 Asia Singapore Pte. Ltd. increased its holdings in Peloton Interactive by 31.9% in the 3rd quarter. Point72 Asia Singapore Pte. Ltd. now owns 6,605 shares of the company’s stock worth $31,000 after buying an additional 1,597 shares during the period. Nisa Investment Advisors LLC raised its position in Peloton Interactive by 1,836.7% during the 2nd quarter. Nisa Investment Advisors LLC now owns 9,490 shares of the company’s stock worth $32,000 after buying an additional 9,000 shares during the last quarter. Finally, Schneider Downs Wealth Management Advisors LP acquired a new stake in Peloton Interactive during the 2nd quarter valued at approximately $35,000. Institutional investors and hedge funds own 77.01% of the company’s stock.

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.