Peloton Interactive, Inc. (NASDAQ:PTON) Receives $5.09 Consensus Target Price from Analysts

Shares of Peloton Interactive, Inc. (NASDAQ:PTON) have received an average recommendation of “Hold” from the twenty-three analysts that are currently covering the company, MarketBeat reports. Two equities research analysts have rated the stock with a sell recommendation, eighteen have given a hold recommendation and three have assigned a buy recommendation to the company. The average 1-year price target among brokerages that have issued ratings on the stock in the last year is $4.53.

PTON has been the subject of several research analyst reports. JMP Securities reaffirmed a “market perform” rating on shares of Peloton Interactive in a research note on Tuesday, July 2nd. The Goldman Sachs Group dropped their target price on shares of Peloton Interactive from $5.75 to $3.50 and set a “neutral” rating for the company in a report on Friday, May 3rd. Telsey Advisory Group upped their price target on Peloton Interactive from $4.00 to $5.00 and gave the stock a “market perform” rating in a research note on Friday. Citigroup cut Peloton Interactive from a “buy” rating to a “neutral” rating and dropped their price objective for the company from $8.00 to $4.00 in a research note on Monday, May 6th. Finally, Wolfe Research assumed coverage on Peloton Interactive in a research note on Tuesday, July 16th. They set a “peer perform” rating on the stock.

Insider Transactions at Peloton Interactive

In related news, CEO Chris Bruzzo sold 15,113 shares of the stock in a transaction on Thursday, August 1st. The stock was sold at an average price of $3.42, for a total value of $51,686.46. Following the transaction, the chief executive officer now owns 97,433 shares of the company’s stock, valued at $333,220.86. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In related news, CEO Chris Bruzzo sold 15,113 shares of the company’s stock in a transaction that occurred on Thursday, August 1st. The stock was sold at an average price of $3.42, for a total value of $51,686.46. Following the completion of the transaction, the chief executive officer now directly owns 97,433 shares of the company’s stock, valued at $333,220.86. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Elizabeth F. Coddington sold 8,923 shares of the stock in a transaction that occurred on Friday, June 14th. The shares were sold at an average price of $3.68, for a total transaction of $32,836.64. Following the completion of the transaction, the chief financial officer now owns 186,466 shares in the company, valued at $686,194.88. The disclosure for this sale can be found here. In the last three months, insiders sold 53,813 shares of company stock valued at $187,715. Insiders own 3.28% of the company’s stock.

Institutional Investors Weigh In On Peloton Interactive

Several hedge funds and other institutional investors have recently bought and sold shares of PTON. Raymond James Financial Services Advisors Inc. grew its holdings in shares of Peloton Interactive by 6.4% during the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 31,983 shares of the company’s stock worth $195,000 after purchasing an additional 1,921 shares during the last quarter. Abundance Wealth Counselors boosted its position in shares of Peloton Interactive by 24.7% in the 2nd quarter. Abundance Wealth Counselors now owns 13,380 shares of the company’s stock valued at $45,000 after purchasing an additional 2,654 shares during the period. Signaturefd LLC grew its stake in Peloton Interactive by 2.7% during the 2nd quarter. Signaturefd LLC now owns 113,645 shares of the company’s stock worth $384,000 after buying an additional 3,032 shares during the last quarter. Arizona State Retirement System increased its position in Peloton Interactive by 3.8% during the second quarter. Arizona State Retirement System now owns 92,781 shares of the company’s stock worth $314,000 after buying an additional 3,377 shares during the period. Finally, Private Advisor Group LLC lifted its stake in Peloton Interactive by 11.5% in the fourth quarter. Private Advisor Group LLC now owns 37,373 shares of the company’s stock valued at $228,000 after buying an additional 3,855 shares during the last quarter. 77.01% of the stock is currently owned by institutional investors and hedge funds.

Peloton Interactive Stock Performance

PTON stock opened at $4.84 on Friday. The firm has a market cap of $1.79 billion, a PE ratio of -2.29 and a beta of 2.02. Peloton Interactive has a one year low of $2.70 and a one year high of $7.24. The firm’s 50 day moving average price is $3.48 and its 200-day moving average price is $3.78.

Peloton Interactive (NASDAQ:PTON) last posted its earnings results on Thursday, August 22nd. The company reported ($0.08) EPS for the quarter, beating analysts’ consensus estimates of ($0.18) by $0.10. The business had revenue of $644.00 million during the quarter, compared to analysts’ expectations of $633.00 million. Peloton Interactive’s revenue for the quarter was up .3% compared to the same quarter last year. During the same quarter in the prior year, the firm earned ($0.68) EPS. Equities research analysts predict that Peloton Interactive will post -1.63 EPS for the current fiscal year.

About Peloton Interactive

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.