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

Peloton Interactive, Inc. (NASDAQ:PTON) has been given an average rating of “Hold” by the fourteen research firms that are currently covering the firm, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and five have given a buy rating to the company. The average 12 month price target among analysts that have covered the stock in the last year is $8.25.

PTON has been the subject of a number of recent analyst reports. Zacks Research cut Peloton Interactive from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, February 24th. Argus cut Peloton Interactive from a “buy” rating to a “hold” rating in a research note on Tuesday, February 10th. Truist Financial lowered their price target on Peloton Interactive from $12.00 to $9.00 and set a “buy” rating for the company in a report on Friday, February 6th. The Goldman Sachs Group boosted their price target on Peloton Interactive from $7.00 to $8.00 and gave the stock a “buy” rating in a research note on Friday, May 8th. Finally, Telsey Advisory Group reaffirmed a “market perform” rating on shares of Peloton Interactive in a research report on Wednesday, May 27th.

Peloton Interactive Stock Up 2.8%

Shares of Peloton Interactive stock opened at $6.17 on Friday. Peloton Interactive has a 52-week low of $3.65 and a 52-week high of $9.20. The firm’s 50 day moving average price is $5.18 and its 200-day moving average price is $5.39. The company has a market cap of $2.67 billion, a P/E ratio of 154.29, a PEG ratio of 1.02 and a beta of 2.54.

Peloton Interactive (NASDAQ:PTON) last released its quarterly earnings results on Thursday, May 7th. The company reported $0.06 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.07 by ($0.01). Peloton Interactive had a negative return on equity of 6.95% and a net margin of 0.94%.Peloton Interactive’s revenue was up 1.1% on a year-over-year basis. During the same quarter in the previous year, the business earned ($0.12) earnings per share. As a group, equities research analysts forecast that Peloton Interactive will post 0.13 EPS for the current fiscal year.

Insider Buying and Selling at Peloton Interactive

In other Peloton Interactive news, insider Nick V. Caldwell sold 42,632 shares of the firm’s stock in a transaction on Monday, March 16th. The shares were sold at an average price of $3.86, for a total value of $164,559.52. Following the completion of the transaction, the insider owned 880,956 shares of the company’s stock, valued at approximately $3,400,490.16. This trade represents a 4.62% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, COO Charles Peter Kirol sold 19,806 shares of Peloton Interactive stock in a transaction on Thursday, April 16th. The stock was sold at an average price of $5.02, for a total transaction of $99,426.12. Following the sale, the chief operating officer owned 125,112 shares of the company’s stock, valued at $628,062.24. The trade was a 13.67% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 255,498 shares of company stock worth $1,245,332 in the last three months. 1.30% of the stock is owned by company insiders.

Institutional Trading of Peloton Interactive

Several large investors have recently added to or reduced their stakes in the company. Sankala Group LLC acquired a new stake in shares of Peloton Interactive during the fourth quarter worth about $31,000. Cora Capital Advisors LLC acquired a new position in Peloton Interactive in the 1st quarter worth approximately $43,000. Advisory Services Network LLC acquired a new position in Peloton Interactive in the 3rd quarter worth approximately $48,000. SummitTX Capital L.P. purchased a new position in Peloton Interactive during the 1st quarter worth approximately $50,000. Finally, waypoint wealth counsel acquired a new stake in Peloton Interactive during the 1st quarter valued at approximately $53,000. Hedge funds and other institutional investors own 77.01% of the company’s stock.

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.