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

Shares of Peloton Interactive, Inc. (NASDAQ:PTON) have received a consensus rating of “Hold” from the twenty-one brokerages that are currently covering the company, MarketBeat reports. Fourteen equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The average 1 year price objective among analysts that have updated their coverage on the stock in the last year is $8.59.

A number of analysts have commented on the company. Deutsche Bank Aktiengesellschaft raised Peloton Interactive from a “hold” rating to a “buy” rating and set a $6.60 price target for the company in a research report on Monday, April 14th. Morgan Stanley reduced their target price on shares of Peloton Interactive from $5.75 to $4.00 and set an “equal weight” rating for the company in a report on Thursday, April 17th. Bank of America cut their price target on Peloton Interactive from $11.50 to $9.50 and set a “buy” rating on the stock in a research report on Tuesday, April 15th. Canaccord Genuity Group upgraded Peloton Interactive from a “hold” rating to a “buy” rating and set a $10.00 target price on the stock in a research note on Friday, March 14th. Finally, JMP Securities reiterated a “market perform” rating on shares of Peloton Interactive in a research report on Monday, April 14th.

Peloton Interactive Stock Performance

Peloton Interactive stock opened at $6.89 on Thursday. The stock has a market cap of $2.69 billion, a PE ratio of -8.95 and a beta of 2.21. The stock has a 50-day moving average of $6.34 and a two-hundred day moving average of $7.73. Peloton Interactive has a one year low of $2.70 and a one year high of $10.90.

Peloton Interactive (NASDAQ:PTON) last announced its quarterly earnings data on Thursday, February 6th. The company reported ($0.24) EPS for the quarter, missing the consensus estimate of ($0.20) by ($0.04). As a group, sell-side analysts predict that Peloton Interactive will post -0.36 EPS for the current fiscal year.

Insider Buying and Selling at Peloton Interactive

In related news, insider Andrew S. Rendich sold 121,883 shares of the business’s stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $9.54, for a total transaction of $1,162,763.82. Following the completion of the transaction, the insider now directly owns 404,188 shares of the company’s stock, valued at $3,855,953.52. The trade was a 23.17 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Jennifer Cunningham Cotter sold 187,238 shares of the stock in a transaction dated Thursday, March 6th. The shares were sold at an average price of $6.45, for a total value of $1,207,685.10. Following the completion of the sale, the insider now directly owns 100,269 shares in the company, valued at $646,735.05. This represents a 65.12 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 674,338 shares of company stock valued at $5,522,838 in the last 90 days. Company insiders own 1.34% of the company’s stock.

Hedge Funds Weigh In On Peloton Interactive

A number of institutional investors and hedge funds have recently modified their holdings of the company. R Squared Ltd purchased a new stake in Peloton Interactive during the fourth quarter worth approximately $28,000. Russell Investments Group Ltd. boosted its stake in shares of Peloton Interactive by 969.6% during the fourth quarter. Russell Investments Group Ltd. now owns 4,011 shares of the company’s stock worth $35,000 after buying an additional 3,636 shares during the period. FNY Investment Advisers LLC acquired a new position in Peloton Interactive in the 1st quarter valued at about $37,000. Nisa Investment Advisors LLC raised its stake in shares of Peloton Interactive by 40.2% during the first quarter. Nisa Investment Advisors LLC now owns 6,503 shares of the company’s stock worth $41,000 after purchasing an additional 1,864 shares during the last quarter. Finally, GAMMA Investing LLC raised its stake in shares of Peloton Interactive by 1,082.5% during the 1st quarter. GAMMA Investing LLC now owns 8,159 shares of the company’s stock worth $52,000 after buying an additional 7,469 shares in the last quarter. Institutional investors and hedge funds 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.