Peloton Interactive (NASDAQ:PTON) Trading 4.3% Higher – Still a Buy?

Peloton Interactive, Inc. (NASDAQ:PTONGet Free Report)’s stock price was up 4.3% on Friday . The company traded as high as $5.54 and last traded at $5.53. 901,990 shares traded hands during mid-day trading, a decline of 93% from the average session volume of 12,278,823 shares. The stock had previously closed at $5.30.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on the stock. Telsey Advisory Group restated a “market perform” rating on shares of Peloton Interactive in a research note on Monday, August 3rd. UBS Group reaffirmed a “buy” rating on shares of Peloton Interactive in a report on Monday, June 15th. Wall Street Zen raised Peloton Interactive from a “hold” rating to a “buy” rating in a report on Saturday, May 16th. Weiss Ratings reiterated a “sell (d+)” rating on shares of Peloton Interactive in a research report on Friday, August 21st. Finally, The Goldman Sachs Group boosted their target price on shares of Peloton Interactive from $7.00 to $8.00 and gave the stock a “buy” rating in a research report on Friday, May 8th. Five equities research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $7.94.

Get Our Latest Analysis on PTON

Peloton Interactive Stock Performance

The company’s fifty day moving average price is $5.87 and its 200 day moving average price is $5.20. The firm has a market capitalization of $2.42 billion, a price-to-earnings ratio of 45.92, a price-to-earnings-growth ratio of 0.47 and a beta of 2.52.

Peloton Interactive (NASDAQ:PTONGet Free Report) last issued its quarterly earnings results on Thursday, August 6th. The company reported $0.13 earnings per share for the quarter, beating analysts’ consensus estimates of $0.11 by $0.02. The company had revenue of $607.70 million during the quarter, compared to the consensus estimate of $596.60 million. Peloton Interactive had a net margin of 2.58% and a negative return on equity of 23.92%. Peloton Interactive’s revenue was up .1% on a year-over-year basis. During the same period in the prior year, the company earned $0.05 EPS. As a group, sell-side analysts expect that Peloton Interactive, Inc. will post 0.28 earnings per share for the current year.

Insider Activity at Peloton Interactive

In other Peloton Interactive news, insider Dion C. Sanders sold 112,512 shares of the company’s stock in a transaction dated Wednesday, August 19th. The shares were sold at an average price of $5.45, for a total transaction of $613,190.40. Following the sale, the insider directly owned 18,801 shares of the company’s stock, valued at approximately $102,465.45. This represents a 85.68% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Karen Boone sold 25,000 shares of the stock in a transaction that occurred on Monday, August 17th. The stock was sold at an average price of $5.35, for a total value of $133,750.00. Following the sale, the director owned 236,063 shares in the company, valued at approximately $1,262,937.05. This trade represents a 9.58% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 187,061 shares of company stock valued at $1,018,079 in the last ninety days. Insiders own 1.30% of the company’s stock.

Hedge Funds Weigh In On Peloton Interactive

Large investors have recently bought and sold shares of the company. Vanguard Group Inc. grew its stake in shares of Peloton Interactive by 1.5% in the fourth quarter. Vanguard Group Inc. now owns 39,227,591 shares of the company’s stock worth $241,642,000 after purchasing an additional 591,300 shares during the last quarter. Eminence Capital LP increased its holdings in Peloton Interactive by 20.3% in the fourth quarter. Eminence Capital LP now owns 18,154,907 shares of the company’s stock worth $111,834,000 after purchasing an additional 3,069,497 shares in the last quarter. DNB Asset Management AS increased its position in Peloton Interactive by 142.4% in the 4th quarter. DNB Asset Management AS now owns 10,776,627 shares of the company’s stock valued at $66,384,000 after buying an additional 6,331,510 shares in the last quarter. Geode Capital Management LLC lifted its holdings in Peloton Interactive by 3.9% during the fourth quarter. Geode Capital Management LLC now owns 9,741,115 shares of the company’s stock valued at $60,015,000 after purchasing an additional 369,614 shares during the last quarter. Finally, Pale Fire Capital SE lifted its position in Peloton Interactive by 24.0% in the 2nd quarter. Pale Fire Capital SE now owns 7,728,586 shares of the company’s stock worth $45,676,000 after buying an additional 1,494,009 shares during the last quarter. 77.01% of the stock is currently owned by institutional investors.

About Peloton Interactive

(Get Free Report)

Peloton Interactive, Inc operates a digital fitness platform that combines connected exercise equipment with live and on-demand workout classes. The company’s core products include stationary bikes (Peloton Bike and Bike+), treadmills (Peloton Tread and Tread+), and the Peloton Row. Each device integrates a touchscreen display that streams instructor-led cycling, running, strength, yoga, meditation and other fitness classes. Peloton generates recurring revenue through subscription plans, which grant users access to its growing library of workouts, performance tracking tools and community features.

Founded in 2012 by John Foley and headquartered in New York City, Peloton set out to deliver an immersive home-fitness experience by blending hardware, software and content.

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