Brokerages Set Peloton Interactive, Inc. (NASDAQ:PTON) Price Target at $7.94

Shares of Peloton Interactive, Inc. (NASDAQ:PTON) have been given a consensus recommendation of “Hold” by the thirteen research firms that are covering the firm, MarketBeat.com reports. One research analyst has rated the stock with a sell recommendation, seven have given a hold recommendation and five have issued a buy recommendation on the company. The average twelve-month target price among brokerages that have issued ratings on the stock in the last year is $7.9444.

Several analysts have issued reports on PTON shares. Wall Street Zen upgraded shares of Peloton Interactive from a “hold” rating to a “buy” rating in a research report on Saturday, May 16th. Weiss Ratings upgraded shares of Peloton Interactive from a “sell (d)” rating to a “sell (d+)” rating in a research note on Tuesday, May 26th. UBS Group reiterated a “buy” rating on shares of Peloton Interactive in a research note on Monday, June 15th. The Goldman Sachs Group lifted their target price on Peloton Interactive from $7.00 to $8.00 and gave the stock a “buy” rating in a research report on Friday, May 8th. Finally, Telsey Advisory Group reaffirmed a “market perform” rating on shares of Peloton Interactive in a report on Monday, August 3rd.

Peloton Interactive Trading Up 1.3%

PTON opened at $5.63 on Wednesday. The business has a 50 day moving average of $5.92 and a 200-day moving average of $5.21. The stock has a market capitalization of $2.47 billion, a price-to-earnings ratio of 46.92, a P/E/G ratio of 0.35 and a beta of 2.52. Peloton Interactive has a 1-year low of $3.65 and a 1-year high of $9.20.

Peloton Interactive (NASDAQ:PTON) last announced its earnings results on Thursday, August 6th. The company reported $0.13 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.11 by $0.02. The business had revenue of $607.70 million for the quarter, compared to analyst estimates of $596.60 million. Peloton Interactive had a net margin of 2.58% and a negative return on equity of 23.92%. Peloton Interactive’s revenue was up .1% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.05 earnings per share. Equities analysts predict that Peloton Interactive will post 0.31 EPS for the current year.

Insider Activity at Peloton Interactive

In related news, insider Dion C. Sanders sold 112,523 shares of the firm’s stock in a transaction on Wednesday, May 20th. The stock was sold at an average price of $5.19, for a total value of $583,994.37. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Saqib Baig sold 5,000 shares of Peloton Interactive stock in a transaction on Tuesday, June 9th. The stock was sold at an average price of $5.66, for a total transaction of $28,300.00. Following the sale, the chief financial officer owned 234,046 shares in the company, valued at $1,324,700.36. This represents a 2.09% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 160,769 shares of company stock worth $844,525 in the last three months. 1.30% of the stock is owned by insiders.

Hedge Funds Weigh In On Peloton Interactive

A number of hedge funds have recently made changes to their positions in the business. GAMMA Investing LLC boosted its position in shares of Peloton Interactive by 232.0% during the 2nd quarter. GAMMA Investing LLC now owns 4,399 shares of the company’s stock valued at $26,000 after acquiring an additional 3,074 shares in the last quarter. Sankala Group LLC acquired a new position in Peloton Interactive in the fourth quarter worth about $31,000. Advisory Services Network LLC acquired a new position in Peloton Interactive in the third quarter worth about $48,000. Quarry LP bought a new position in Peloton Interactive during the third quarter worth about $71,000. Finally, Cora Capital Advisors LLC bought a new position in Peloton Interactive during the first quarter worth about $43,000. 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.