Peloton Interactive, Inc. (NASDAQ:PTON) Given Consensus Recommendation of “Hold” by Analysts

Shares of Peloton Interactive, Inc. (NASDAQ:PTON) have been given an average rating of “Hold” by the nineteen analysts that are presently covering the stock, Marketbeat.com reports. Sixteen investment analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average twelve-month price target among brokers that have updated their coverage on the stock in the last year is $6.97.

PTON has been the subject of a number of research analyst reports. UBS Group upgraded Peloton Interactive from a “sell” rating to a “neutral” rating and raised their target price for the company from $2.50 to $10.00 in a research note on Friday, December 6th. Bank of America upgraded Peloton Interactive from an “underperform” rating to a “buy” rating and raised their target price for the company from $3.75 to $9.00 in a research note on Monday, November 4th. Sanford C. Bernstein raised their target price on Peloton Interactive from $4.25 to $6.50 and gave the company a “market perform” rating in a research note on Friday, November 1st. Morgan Stanley raised their target price on Peloton Interactive from $3.50 to $5.00 and gave the company an “equal weight” rating in a research note on Friday, November 1st. Finally, Needham & Company LLC restated a “hold” rating on shares of Peloton Interactive in a research note on Friday, November 1st.

Peloton Interactive Stock Performance

NASDAQ PTON opened at $8.27 on Tuesday. Peloton Interactive has a fifty-two week low of $2.70 and a fifty-two week high of $10.90. The stock has a 50 day simple moving average of $9.15 and a two-hundred day simple moving average of $6.20. The stock has a market cap of $3.15 billion, a P/E ratio of -7.73 and a beta of 1.95.

Peloton Interactive (NASDAQ:PTON) last released its quarterly earnings data on Thursday, October 31st. The company reported ($0.16) earnings per share for the quarter, missing the consensus estimate of ($0.15) by ($0.01). The business had revenue of $586.00 million during the quarter, compared to analyst estimates of $572.97 million. During the same period in the prior year, the business posted ($0.44) EPS. The business’s revenue for the quarter was down 1.6% on a year-over-year basis. Sell-side analysts predict that Peloton Interactive will post -0.39 earnings per share for the current year.

Insiders Place Their Bets

In related news, Director Karen Boone sold 17,259 shares of Peloton Interactive stock in a transaction on Thursday, January 2nd. The stock was sold at an average price of $8.63, for a total value of $148,945.17. Following the completion of the sale, the director now owns 244,641 shares of the company’s stock, valued at $2,111,251.83. The trade was a 6.59 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CFO Elizabeth F. Coddington sold 186,462 shares of Peloton Interactive stock in a transaction on Monday, November 18th. The stock was sold at an average price of $7.58, for a total value of $1,413,381.96. Following the completion of the sale, the chief financial officer now directly owns 223,017 shares of the company’s stock, valued at $1,690,468.86. The trade was a 45.54 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 422,821 shares of company stock valued at $3,264,674. Corporate insiders own 1.34% of the company’s stock.

Institutional Trading of Peloton Interactive

Several large investors have recently modified their holdings of the company. PDT Partners LLC grew its holdings in shares of Peloton Interactive by 0.7% in the third quarter. PDT Partners LLC now owns 205,573 shares of the company’s stock worth $962,000 after acquiring an additional 1,373 shares during the period. Point72 Asia Singapore Pte. Ltd. lifted its position in Peloton Interactive by 31.9% during the third quarter. Point72 Asia Singapore Pte. Ltd. now owns 6,605 shares of the company’s stock valued at $31,000 after purchasing an additional 1,597 shares in the last quarter. Arizona State Retirement System lifted 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 valued at $314,000 after purchasing an additional 3,377 shares in the last quarter. Kohmann Bosshard Financial Services LLC lifted its position in Peloton Interactive by 50.0% during the third quarter. Kohmann Bosshard Financial Services LLC now owns 15,000 shares of the company’s stock valued at $70,000 after purchasing an additional 5,000 shares in the last quarter. Finally, Commonwealth Equity Services LLC lifted its position in Peloton Interactive by 4.3% during the second quarter. Commonwealth Equity Services LLC now owns 133,765 shares of the company’s stock valued at $452,000 after purchasing an additional 5,463 shares in the last quarter. Institutional investors own 77.01% of the company’s stock.

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.