Peloton Interactive, Inc. (NASDAQ:PTON) Receives $8.42 Average PT from Brokerages

Peloton Interactive, Inc. (NASDAQ:PTON) has been assigned a consensus rating of “Hold” from the seventeen research firms that are presently covering the stock, MarketBeat.com reports. One analyst has rated the stock with a sell rating, nine have given a hold rating and seven have issued a buy rating on the company. The average twelve-month price objective among brokerages that have issued a report on the stock in the last year is $8.4182.

A number of research firms recently weighed in on PTON. Weiss Ratings restated a “sell (d-)” rating on shares of Peloton Interactive in a research report on Friday, January 9th. UBS Group reiterated a “buy” rating on shares of Peloton Interactive in a report on Tuesday, February 3rd. Argus lowered shares of Peloton Interactive from a “buy” rating to a “hold” rating in a research note on Tuesday, February 10th. Wall Street Zen cut Peloton Interactive from a “buy” rating to a “hold” rating in a report on Sunday, March 8th. Finally, Bank of America set a $9.00 price target on Peloton Interactive in a research report on Friday, January 30th.

Peloton Interactive Stock Performance

NASDAQ PTON opened at $3.84 on Friday. The business has a fifty day moving average price of $4.80 and a 200 day moving average price of $6.37. The company has a market cap of $1.63 billion, a P/E ratio of -29.54, a P/E/G ratio of 0.76 and a beta of 2.47. Peloton Interactive has a one year low of $3.65 and a one year high of $9.20.

Peloton Interactive (NASDAQ:PTON) last announced its 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). During the same period in the prior year, the business earned ($0.24) EPS. The business’s revenue for the quarter was down 2.5% on a year-over-year basis. As a group, sell-side analysts predict that Peloton Interactive will post -0.36 EPS for the current fiscal year.

Insider Activity at Peloton Interactive

In other Peloton Interactive news, insider Nick V. Caldwell sold 75,762 shares of the company’s stock in a transaction on Friday, January 9th. The stock was sold at an average price of $7.00, for a total value of $530,334.00. Following the completion of the sale, the insider directly owned 764,220 shares in the company, valued at $5,349,540. This represents a 9.02% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Dion C. Sanders sold 146,844 shares of the firm’s stock in a transaction on Friday, February 20th. The stock was sold at an average price of $4.41, for a total value of $647,582.04. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 1,052,924 shares of company stock valued at $4,823,092 in the last three months. Company insiders own 1.30% 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 the company. Royal Bank of Canada boosted its holdings in Peloton Interactive by 342.6% in the 1st quarter. Royal Bank of Canada now owns 616,367 shares of the company’s stock valued at $3,896,000 after purchasing an additional 477,106 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in shares of Peloton Interactive by 2.4% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 290,981 shares of the company’s stock worth $1,839,000 after buying an additional 6,921 shares during the last quarter. NewEdge Advisors LLC increased its holdings in shares of Peloton Interactive by 3,132.6% during the 1st quarter. NewEdge Advisors LLC now owns 15,549 shares of the company’s stock worth $98,000 after buying an additional 15,068 shares during the last quarter. Goldman Sachs Group Inc. raised its position in shares of Peloton Interactive by 27.1% during the 1st quarter. Goldman Sachs Group Inc. now owns 7,056,642 shares of the company’s stock valued at $44,598,000 after buying an additional 1,503,680 shares during the period. Finally, Caxton Associates LLP purchased a new stake in shares of Peloton Interactive during the 1st quarter valued at approximately $282,000. 77.01% of the stock is currently owned by institutional investors and hedge funds.

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.