Peloton Interactive, Inc. (NASDAQ:PTON – Get Free Report) has earned a consensus rating of “Hold” from the fourteen brokerages that are currently covering the firm, MarketBeat reports. One investment analyst has rated the stock with a sell recommendation, eight have given a hold recommendation and five have given a buy recommendation to the company. The average 12-month price objective among brokers that have issued a report on the stock in the last year is $8.25.
Several research firms have recently commented on PTON. Weiss Ratings raised shares of Peloton Interactive from a “sell (d)” rating to a “sell (d+)” rating in a report on Tuesday, May 26th. The Goldman Sachs Group upped their target price on Peloton Interactive from $7.00 to $8.00 and gave the stock a “buy” rating in a research note on Friday, May 8th. UBS Group restated a “buy” rating on shares of Peloton Interactive in a research note on Monday, June 15th. Wall Street Zen upgraded Peloton Interactive from a “hold” rating to a “buy” rating in a research note on Saturday, May 16th. Finally, Telsey Advisory Group restated a “market perform” rating on shares of Peloton Interactive in a research note on Wednesday, May 27th.
Read Our Latest Stock Analysis on PTON
Peloton Interactive Stock Performance
Peloton Interactive (NASDAQ:PTON – Get Free Report) last released its quarterly earnings data on Thursday, May 7th. The company reported $0.06 EPS for the quarter, missing the consensus estimate of $0.07 by ($0.01). Peloton Interactive had a net margin of 0.94% and a negative return on equity of 6.95%. The company’s quarterly revenue was up 1.1% compared to the same quarter last year. During the same quarter in the previous year, the company earned ($0.12) earnings per share. As a group, analysts predict that Peloton Interactive will post 0.13 EPS for the current fiscal year.
Insider Transactions at Peloton Interactive
In related news, insider Dion C. Sanders sold 112,523 shares of the stock in a transaction on Wednesday, May 20th. The shares were sold at an average price of $5.19, for a total transaction of $583,994.37. The sale was disclosed in a filing with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Saqib Baig sold 5,000 shares of the stock in a transaction on Tuesday, June 9th. The stock was sold at an average price of $5.66, for a total transaction of $28,300.00. Following the sale, the chief financial officer directly owned 234,046 shares in the company, valued at $1,324,700.36. This trade represents a 2.09% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 196,047 shares of company stock worth $1,024,633 over the last quarter. 1.30% of the stock is currently owned by insiders.
Institutional Trading of Peloton Interactive
A number of hedge funds have recently added to or reduced their stakes in the company. DNB Asset Management AS boosted its position in Peloton Interactive by 142.4% during the fourth quarter. DNB Asset Management AS now owns 10,776,627 shares of the company’s stock worth $66,384,000 after purchasing an additional 6,331,510 shares in the last quarter. Pale Fire Capital SE purchased a new position in Peloton Interactive during the first quarter worth approximately $26,746,000. Hennessy Advisors Inc. purchased a new position in Peloton Interactive during the fourth quarter worth approximately $30,533,000. Alyeska Investment Group L.P. boosted its position in Peloton Interactive by 306.0% during the fourth quarter. Alyeska Investment Group L.P. now owns 5,462,344 shares of the company’s stock worth $33,648,000 after purchasing an additional 4,116,986 shares in the last quarter. Finally, Norges Bank purchased a new position in Peloton Interactive during the fourth quarter worth approximately $23,796,000. 77.01% of the stock is owned by hedge funds and other institutional investors.
Peloton Interactive Company Profile
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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