Peloton Interactive, Inc. (NASDAQ:PTON) Receives Consensus Recommendation of “Hold” from Brokerages

Peloton Interactive, Inc. (NASDAQ:PTON) has been given a consensus rating of “Hold” by the fourteen ratings firms that are presently covering the firm, MarketBeat.com reports. One equities research analyst has rated the stock with a sell recommendation, eight have issued a hold recommendation and five have assigned a buy recommendation to the company. The average 12-month price objective among brokers that have updated their coverage on the stock in the last year is $8.25.

A number of analysts have recently issued reports on PTON shares. Weiss Ratings raised shares of Peloton Interactive from a “sell (d)” rating to a “sell (d+)” rating in a research note on Tuesday, May 26th. Citigroup cut their price target on shares of Peloton Interactive from $8.25 to $5.00 and set a “neutral” rating on the stock in a report on Thursday, February 12th. Zacks Research cut shares of Peloton Interactive from a “strong-buy” rating to a “hold” rating in a report on Tuesday, February 24th. Argus cut shares of Peloton Interactive from a “buy” rating to a “hold” rating in a report on Tuesday, February 10th. Finally, Truist Financial cut their price target on shares of Peloton Interactive from $12.00 to $9.00 and set a “buy” rating on the stock in a report on Friday, February 6th.

Insider Transactions at Peloton Interactive

In other news, CFO Saqib Baig sold 29,075 shares of the company’s stock in a transaction dated Monday, May 18th. The shares were sold at an average price of $5.27, for a total value of $153,225.25. Following the transaction, the chief financial officer directly owned 250,019 shares in the company, valued at approximately $1,317,600.13. This represents a 10.42% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Nick V. Caldwell sold 42,632 shares of the company’s stock in a transaction dated Monday, March 16th. The stock was sold at an average price of $3.86, for a total transaction of $164,559.52. Following the completion of the transaction, the insider owned 880,956 shares in the company, valued at approximately $3,400,490.16. The trade was a 4.62% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders sold 255,498 shares of company stock valued at $1,245,332. Company insiders own 1.30% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the stock. Royal Bank of Canada lifted its stake in Peloton Interactive by 342.6% in the first quarter. Royal Bank of Canada now owns 616,367 shares of the company’s stock worth $3,896,000 after acquiring an additional 477,106 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in Peloton Interactive by 2.4% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 290,981 shares of the company’s stock worth $1,839,000 after acquiring an additional 6,921 shares during the period. NewEdge Advisors LLC lifted its stake in Peloton Interactive by 3,132.6% in the first quarter. NewEdge Advisors LLC now owns 15,549 shares of the company’s stock worth $98,000 after acquiring an additional 15,068 shares during the period. Goldman Sachs Group Inc. lifted its stake 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 acquiring an additional 1,503,680 shares during the period. Finally, Caxton Associates LLP purchased a new stake in Peloton Interactive in the first quarter worth about $282,000. 77.01% of the stock is currently owned by institutional investors.

Peloton Interactive Stock Down 2.2%

PTON stock opened at $6.34 on Friday. Peloton Interactive has a twelve month low of $3.65 and a twelve month high of $9.20. The stock has a market capitalization of $2.75 billion, a price-to-earnings ratio of 158.54, a price-to-earnings-growth ratio of 1.10 and a beta of 2.54. The firm’s fifty day simple moving average is $5.04 and its two-hundred day simple moving average is $5.42.

Peloton Interactive (NASDAQ:PTON) last posted its quarterly earnings data on Thursday, May 7th. The company reported $0.06 earnings per share for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.01). Peloton Interactive had a net margin of 0.94% and a negative return on equity of 6.95%. During the same quarter in the prior year, the firm posted ($0.12) EPS. Peloton Interactive’s revenue was up 1.1% compared to the same quarter last year. As a group, equities research analysts expect that Peloton Interactive will post 0.13 EPS for the current year.

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.