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

Peloton Interactive, Inc. (NASDAQ:PTON) has earned a consensus rating of “Hold” from the seventeen ratings firms that are presently covering the company, Marketbeat reports. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and eight have issued a buy rating on the company. The average twelve-month price objective among brokerages that have covered the stock in the last year is $9.8625.

Several equities analysts recently issued reports on the company. Truist Financial raised their price target on Peloton Interactive from $11.00 to $12.00 and gave the company a “buy” rating in a report on Friday, November 7th. Telsey Advisory Group restated a “market perform” rating and set a $9.00 target price on shares of Peloton Interactive in a research report on Monday, November 3rd. Zacks Research lowered shares of Peloton Interactive from a “strong-buy” rating to a “hold” rating in a research note on Friday, November 7th. The Goldman Sachs Group reiterated a “buy” rating and set a $11.50 price target on shares of Peloton Interactive in a research report on Thursday, October 2nd. Finally, Citigroup dropped their price target on shares of Peloton Interactive from $9.50 to $8.25 and set a “neutral” rating for the company in a research note on Thursday, November 20th.

Insider Activity at Peloton Interactive

In other news, insider Jennifer Cunningham Cotter sold 131,495 shares of the stock in a transaction on Thursday, November 20th. The stock was sold at an average price of $6.64, for a total value of $873,126.80. Following the transaction, the insider owned 100,269 shares of the company’s stock, valued at $665,786.16. This represents a 56.74% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Nick V. Caldwell sold 25,135 shares of the firm’s stock in a transaction on Tuesday, January 13th. The stock was sold at an average price of $7.00, for a total value of $175,945.00. Following the completion of the transaction, the insider owned 739,085 shares in the company, valued at $5,173,595. This represents a 3.29% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders have sold 1,107,129 shares of company stock worth $7,708,694. 1.30% of the stock is owned by company insiders.

Hedge Funds Weigh In On Peloton Interactive

Institutional investors have recently modified their holdings of the stock. Vanguard Group Inc. raised its position in shares of Peloton Interactive by 2.1% in the 3rd quarter. Vanguard Group Inc. now owns 38,636,291 shares of the company’s stock valued at $347,727,000 after acquiring an additional 811,585 shares during the period. Eminence Capital LP acquired a new position in Peloton Interactive during the second quarter valued at approximately $112,681,000. Geode Capital Management LLC increased its stake in Peloton Interactive by 5.7% in the second quarter. Geode Capital Management LLC now owns 9,141,542 shares of the company’s stock valued at $63,450,000 after purchasing an additional 490,353 shares in the last quarter. Goldman Sachs Group Inc. raised its holdings in Peloton Interactive by 27.1% in the first quarter. Goldman Sachs Group Inc. now owns 7,056,642 shares of the company’s stock worth $44,598,000 after purchasing an additional 1,503,680 shares during the period. Finally, Connor Clark & Lunn Investment Management Ltd. raised its holdings in Peloton Interactive by 10.6% in the second quarter. Connor Clark & Lunn Investment Management Ltd. now owns 6,446,827 shares of the company’s stock worth $44,741,000 after purchasing an additional 615,647 shares during the period. 77.01% of the stock is currently owned by institutional investors and hedge funds.

Peloton Interactive Price Performance

PTON stock opened at $5.96 on Friday. The company has a 50 day moving average price of $6.41 and a 200 day moving average price of $7.15. Peloton Interactive has a fifty-two week low of $4.63 and a fifty-two week high of $10.25. The stock has a market capitalization of $2.49 billion, a PE ratio of -21.28, a price-to-earnings-growth ratio of 1.75 and a beta of 2.40.

Peloton Interactive (NASDAQ:PTON) last announced its quarterly earnings data on Thursday, November 6th. The company reported $0.03 EPS for the quarter, beating analysts’ consensus estimates of $0.01 by $0.02. The firm had revenue of $550.80 million during the quarter, compared to the consensus estimate of $540.61 million. The company’s revenue for the quarter was down 6.0% on a year-over-year basis. As a group, equities analysts expect that Peloton Interactive will post -0.36 earnings per share for the current fiscal year.

About Peloton Interactive

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.