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

Peloton Interactive, Inc. (NASDAQ:PTON) has been assigned an average recommendation of “Hold” from the seventeen brokerages that are currently covering the stock, Marketbeat.com reports. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and seven have assigned a buy rating to the company. The average 12 month price objective among brokers that have covered the stock in the last year is $8.4182.

PTON has been the subject of several analyst reports. Telsey Advisory Group dropped their price objective on Peloton Interactive from $8.00 to $6.00 and set a “market perform” rating for the company in a report on Friday, February 6th. Guggenheim began coverage on Peloton Interactive in a report on Wednesday, December 10th. They set a “neutral” rating on the stock. Wall Street Zen cut Peloton Interactive from a “buy” rating to a “hold” rating in a research report on Sunday, March 8th. Truist Financial dropped their price target on Peloton Interactive from $12.00 to $9.00 and set a “buy” rating for the company in a research note on Friday, February 6th. Finally, JPMorgan Chase & Co. cut their price objective on shares of Peloton Interactive from $9.00 to $6.00 and set a “neutral” rating for the company in a research report on Friday, February 6th.

Peloton Interactive Trading Up 0.2%

Shares of PTON opened at $4.06 on Friday. Peloton Interactive has a 12 month low of $3.65 and a 12 month high of $9.20. The firm’s 50 day moving average is $4.86 and its 200-day moving average is $6.40. The stock has a market capitalization of $1.73 billion, a PE ratio of -31.23, a P/E/G ratio of 0.80 and a beta of 2.47.

Peloton Interactive (NASDAQ:PTON) last issued its quarterly earnings results on Thursday, February 5th. The company reported ($0.09) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.07) by ($0.02). The firm’s revenue for the quarter was down 2.5% on a year-over-year basis. During the same quarter last year, the company posted ($0.24) earnings per share. Equities research analysts predict that Peloton Interactive will post -0.36 earnings per share for the current fiscal year.

Insider Activity at Peloton Interactive

In other news, insider Jennifer Cunningham Cotter sold 154,497 shares of the company’s stock in a transaction that occurred on Friday, February 20th. The shares were sold at an average price of $4.41, for a total transaction of $681,331.77. Following the completion of the sale, the insider owned 100,269 shares of the company’s stock, valued at approximately $442,186.29. This represents a 60.64% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CFO Elizabeth F. Coddington sold 21,819 shares of the stock in a transaction that occurred on Monday, March 16th. The stock was sold at an average price of $3.87, for a total transaction of $84,439.53. Following the sale, the chief financial officer owned 346,535 shares in the company, valued at $1,341,090.45. This represents a 5.92% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 1,052,924 shares of company stock worth $4,823,092 in the last 90 days. Corporate insiders own 1.30% of the company’s stock.

Institutional Investors Weigh In On Peloton Interactive

Large investors have recently modified their holdings of the business. Vident Advisory LLC raised its holdings in shares of Peloton Interactive by 1.1% during the 2nd quarter. Vident Advisory LLC now owns 110,258 shares of the company’s stock worth $765,000 after buying an additional 1,180 shares in the last quarter. Cresset Asset Management LLC boosted its stake in Peloton Interactive by 11.9% in the third quarter. Cresset Asset Management LLC now owns 12,748 shares of the company’s stock valued at $115,000 after buying an additional 1,354 shares in the last quarter. Kirr Marbach & Co. LLC IN grew its position in Peloton Interactive by 0.3% in the third quarter. Kirr Marbach & Co. LLC IN now owns 471,946 shares of the company’s stock valued at $4,248,000 after acquiring an additional 1,464 shares during the last quarter. Vise Technologies Inc. grew its position in Peloton Interactive by 10.3% in the third quarter. Vise Technologies Inc. now owns 15,680 shares of the company’s stock valued at $141,000 after acquiring an additional 1,466 shares during the last quarter. Finally, Principal Financial Group Inc. raised its stake in Peloton Interactive by 6.0% during the third quarter. Principal Financial Group Inc. now owns 27,126 shares of the company’s stock worth $244,000 after acquiring an additional 1,526 shares in the last quarter. Institutional investors and hedge funds 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.