Peloton Interactive, Inc. (NASDAQ:PTON) Receives $9.86 Consensus PT from Analysts

Shares of Peloton Interactive, Inc. (NASDAQ:PTON) have been given a consensus recommendation of “Hold” by the sixteen research firms that are currently covering the stock, MarketBeat.com reports. One research analyst has rated the stock with a sell rating, seven have given a hold rating and eight have issued a buy rating on the company. The average 1 year price objective among brokers that have issued ratings on the stock in the last year is $9.8625.

Several research analysts have recently commented on PTON shares. Weiss Ratings restated a “sell (d-)” rating on shares of Peloton Interactive in a research report on Tuesday, October 14th. Zacks Research cut Peloton Interactive from a “strong-buy” rating to a “hold” rating in a report on Friday, November 7th. Morgan Stanley boosted their price target on shares of Peloton Interactive from $6.00 to $6.50 and gave the stock an “equal weight” rating in a research note on Wednesday, November 19th. Truist Financial increased their price target on shares of Peloton Interactive from $11.00 to $12.00 and gave the stock a “buy” rating in a research report on Friday, November 7th. Finally, The Goldman Sachs Group reissued a “buy” rating and issued a $11.50 price objective on shares of Peloton Interactive in a research note on Thursday, October 2nd.

Peloton Interactive Price Performance

Shares of PTON stock opened at $6.42 on Friday. The company has a 50-day moving average of $7.35 and a two-hundred day moving average of $7.29. The firm has a market cap of $2.68 billion, a PE ratio of -22.93, a price-to-earnings-growth ratio of 1.87 and a beta of 2.46. Peloton Interactive has a 1-year low of $4.63 and a 1-year high of $10.90.

Peloton Interactive (NASDAQ:PTON) last issued its quarterly earnings data on Thursday, November 6th. The company reported $0.03 EPS for the quarter, topping the consensus estimate of $0.01 by $0.02. The company had revenue of $550.80 million during the quarter, compared to analyst estimates of $540.61 million. The business’s quarterly revenue was down 6.0% on a year-over-year basis. Sell-side analysts anticipate that Peloton Interactive will post -0.36 EPS for the current fiscal year.

Insider Buying and Selling at Peloton Interactive

In other Peloton Interactive news, insider Nick V. Caldwell sold 206,901 shares of the business’s stock in a transaction on Tuesday, September 16th. The shares were sold at an average price of $7.78, for a total value of $1,609,689.78. Following the completion of the transaction, the insider owned 737,788 shares in the company, valued at $5,739,990.64. The trade was a 21.90% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, insider Dion C. Sanders sold 127,911 shares of the stock in a transaction on Tuesday, September 16th. The shares were sold at an average price of $7.78, for a total value of $995,147.58. Following the completion of the sale, the insider owned 110,753 shares in the company, valued at approximately $861,658.34. The trade was a 53.59% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders sold 1,860,696 shares of company stock worth $13,932,164. 1.30% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Peloton Interactive

Institutional investors and hedge funds have recently made changes to their positions in the stock. Vident Advisory LLC raised its holdings in Peloton Interactive by 1.1% in the second quarter. Vident Advisory LLC now owns 110,258 shares of the company’s stock valued at $765,000 after acquiring an additional 1,180 shares in the last quarter. Cresset Asset Management LLC increased its position in shares of Peloton Interactive by 11.9% in the 3rd quarter. Cresset Asset Management LLC now owns 12,748 shares of the company’s stock valued at $115,000 after purchasing an additional 1,354 shares during the last quarter. Kirr Marbach & Co. LLC IN raised its holdings in shares of Peloton Interactive by 0.3% in the 3rd quarter. Kirr Marbach & Co. LLC IN now owns 471,946 shares of the company’s stock valued at $4,248,000 after purchasing an additional 1,464 shares in the last quarter. Vise Technologies Inc. raised its holdings in shares of Peloton Interactive by 10.3% in the 3rd quarter. Vise Technologies Inc. now owns 15,680 shares of the company’s stock valued at $141,000 after purchasing an additional 1,466 shares in the last quarter. Finally, Principal Financial Group Inc. lifted its position in shares of Peloton Interactive by 6.0% during the 3rd quarter. Principal Financial Group Inc. now owns 27,126 shares of the company’s stock worth $244,000 after purchasing an additional 1,526 shares during the last quarter. 77.01% of the stock is owned by institutional investors and hedge funds.

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.