Peloton Interactive, Inc. (NASDAQ:PTON) Receives $7.94 Average Target Price from Brokerages

Peloton Interactive, Inc. (NASDAQ:PTON) has been assigned a consensus recommendation of “Hold” from the thirteen ratings firms that are currently covering the stock, MarketBeat reports. One equities research analyst has rated the stock with a sell recommendation, seven have assigned a hold recommendation and five have given a buy recommendation to the company. The average twelve-month price objective among brokers that have issued ratings on the stock in the last year is $7.95.

A number of equities analysts recently weighed in on the company. Morgan Stanley cut Peloton Interactive from an “equal weight” rating to an “underweight” rating and dropped their price target for the stock from $5.00 to $4.50 in a research note on Tuesday. Telsey Advisory Group reaffirmed a “market perform” rating on shares of Peloton Interactive in a research note on Monday, August 3rd. Weiss Ratings raised shares of Peloton Interactive from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Friday, September 4th. Wall Street Zen upgraded shares of Peloton Interactive from a “hold” rating to a “buy” rating in a report on Saturday, May 16th. Finally, UBS Group decreased their price objective on shares of Peloton Interactive from $11.00 to $10.00 and set a “buy” rating for the company in a research note on Tuesday.

Insider Activity

In related news, insider Dion Sanders sold 112,512 shares of the company’s stock in a transaction on Wednesday, August 19th. The stock was sold at an average price of $5.45, for a total transaction of $613,190.40. Following the transaction, the insider directly owned 18,801 shares of the company’s stock, valued at approximately $102,465.45. The trade was a 85.68% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CAO Saqib Baig sold 36,439 shares of the firm’s stock in a transaction dated Monday, August 17th. The stock was sold at an average price of $5.36, for a total value of $195,313.04. Following the sale, the chief accounting officer owned 272,641 shares of the company’s stock, valued at $1,461,355.76. The trade was a 11.79% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders have sold 182,061 shares of company stock worth $989,779. 1.30% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in PTON. GAMMA Investing LLC lifted its position in Peloton Interactive by 232.0% in the 2nd quarter. GAMMA Investing LLC now owns 4,399 shares of the company’s stock worth $26,000 after buying an additional 3,074 shares in the last quarter. Sankala Group LLC purchased a new position in shares of Peloton Interactive during the 4th quarter valued at $31,000. Cora Capital Advisors LLC purchased a new position in shares of Peloton Interactive during the 1st quarter valued at $43,000. Advisory Services Network LLC purchased a new position in shares of Peloton Interactive during the 3rd quarter valued at $48,000. Finally, SummitTX Capital L.P. acquired a new position in shares of Peloton Interactive in the first quarter worth $50,000. 77.01% of the stock is owned by hedge funds and other institutional investors.

Peloton Interactive Price Performance

NASDAQ PTON opened at $4.92 on Friday. Peloton Interactive has a 12 month low of $3.65 and a 12 month high of $9.20. The firm has a market capitalization of $2.16 billion, a PE ratio of 41.00, a P/E/G ratio of 0.40 and a beta of 2.52. The company’s 50 day simple moving average is $5.78 and its 200 day simple moving average is $5.27.

Peloton Interactive (NASDAQ:PTON) last announced its earnings results on Thursday, August 6th. The company reported $0.13 earnings per share for the quarter, beating the consensus estimate of $0.11 by $0.02. The business had revenue of $607.70 million during the quarter, compared to analysts’ expectations of $596.60 million. Peloton Interactive had a negative return on equity of 23.92% and a net margin of 2.58%.The company’s quarterly revenue was up .1% on a year-over-year basis. During the same quarter last year, the business posted $0.05 earnings per share. Sell-side analysts anticipate that Peloton Interactive will post 0.31 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.