Peloton Interactive, Inc. (NASDAQ:PTON) Receives $8.30 Consensus PT from Analysts

Shares of Peloton Interactive, Inc. (NASDAQ:PTON) have been assigned an average recommendation of “Hold” from the twenty analysts that are presently covering the firm, MarketBeat Ratings reports. Thirteen research analysts have rated the stock with a hold recommendation and seven have assigned a buy recommendation to the company. The average 12-month target price among brokers that have issued ratings on the stock in the last year is $8.30.

PTON has been the topic of several research reports. Morgan Stanley dropped their target price on Peloton Interactive from $5.75 to $4.00 and set an “equal weight” rating on the stock in a research report on Thursday, April 17th. Needham & Company LLC reissued a “hold” rating on shares of Peloton Interactive in a report on Friday, May 9th. Bank of America reduced their target price on shares of Peloton Interactive from $11.50 to $9.50 and set a “buy” rating for the company in a report on Tuesday, April 15th. Canaccord Genuity Group upgraded shares of Peloton Interactive from a “hold” rating to a “buy” rating and set a $10.00 price target on the stock in a research report on Friday, March 14th. Finally, Macquarie raised shares of Peloton Interactive from a “neutral” rating to an “outperform” rating and boosted their price objective for the company from $9.00 to $10.00 in a research report on Tuesday, May 13th.

Peloton Interactive Stock Down 11.8%

Shares of PTON stock opened at $6.11 on Friday. The company has a 50 day moving average price of $6.61 and a 200-day moving average price of $7.58. Peloton Interactive has a 52 week low of $2.83 and a 52 week high of $10.90. The firm has a market capitalization of $2.38 billion, a PE ratio of -13.89 and a beta of 2.15.

Peloton Interactive (NASDAQ:PTON) last issued its earnings results on Thursday, May 8th. The company reported ($0.12) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.06) by ($0.06). The company had revenue of $624.00 million for the quarter, compared to the consensus estimate of $620.39 million. The company’s revenue was down 13.1% compared to the same quarter last year. During the same quarter in the prior year, the company earned ($0.45) EPS. Analysts anticipate that Peloton Interactive will post -0.36 earnings per share for the current year.

Insider Buying and Selling at Peloton Interactive

In other Peloton Interactive news, insider Nick V. Caldwell sold 63,925 shares of the stock in a transaction dated Monday, June 16th. The shares were sold at an average price of $6.99, for a total transaction of $446,835.75. Following the completion of the transaction, the insider now owns 578,668 shares of the company’s stock, valued at $4,044,889.32. This represents a 9.95% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Elizabeth F. Coddington sold 38,708 shares of the firm’s stock in a transaction dated Monday, June 16th. The shares were sold at an average price of $6.96, for a total value of $269,407.68. Following the transaction, the chief financial officer now owns 294,342 shares of the company’s stock, valued at approximately $2,048,620.32. The trade was a 11.62% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 555,952 shares of company stock valued at $3,556,914 in the last three months. 1.34% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Peloton Interactive

A number of hedge funds have recently made changes to their positions in PTON. Russell Investments Group Ltd. increased its stake in Peloton Interactive by 969.6% in the 4th quarter. Russell Investments Group Ltd. now owns 4,011 shares of the company’s stock worth $35,000 after acquiring an additional 3,636 shares during the last quarter. FNY Investment Advisers LLC purchased a new position in shares of Peloton Interactive in the first quarter valued at $37,000. Nisa Investment Advisors LLC grew its holdings in shares of Peloton Interactive by 40.2% in the first quarter. Nisa Investment Advisors LLC now owns 6,503 shares of the company’s stock valued at $41,000 after purchasing an additional 1,864 shares in the last quarter. GAMMA Investing LLC increased its position in Peloton Interactive by 1,082.5% in the first quarter. GAMMA Investing LLC now owns 8,159 shares of the company’s stock worth $52,000 after purchasing an additional 7,469 shares during the last quarter. Finally, Comerica Bank raised its stake in Peloton Interactive by 29.1% during the fourth quarter. Comerica Bank now owns 6,164 shares of the company’s stock valued at $54,000 after purchasing an additional 1,389 shares in the last quarter. 77.01% of the stock is currently owned by hedge funds and other institutional investors.

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.