Peloton Interactive, Inc. (NASDAQ:PTON) Receives $8.25 Consensus Target Price from Brokerages

Peloton Interactive, Inc. (NASDAQ:PTON) has been assigned an average rating of “Hold” from the fourteen brokerages that are presently covering the stock, MarketBeat reports. One research analyst has rated the stock with a sell recommendation, eight have issued a hold recommendation and five have assigned a buy recommendation to the company. The average 1-year price objective among analysts that have issued a report on the stock in the last year is $8.25.

PTON has been the subject of several recent research reports. Wall Street Zen raised Peloton Interactive from a “hold” rating to a “buy” rating in a research report on Saturday, May 16th. Weiss Ratings raised Peloton Interactive from a “sell (d)” rating to a “sell (d+)” rating in a research report on Tuesday, May 26th. Telsey Advisory Group reissued a “market perform” rating on shares of Peloton Interactive in a research report on Wednesday, May 27th. UBS Group reissued a “buy” rating on shares of Peloton Interactive in a research report on Monday, June 15th. Finally, The Goldman Sachs Group lifted their price target on shares of Peloton Interactive from $7.00 to $8.00 and gave the company a “buy” rating in a research report on Friday, May 8th.

Insider Transactions at Peloton Interactive

In other news, COO Charles Peter Kirol sold 19,806 shares of the business’s stock in a transaction that occurred on Thursday, April 16th. The stock was sold at an average price of $5.02, for a total value of $99,426.12. Following the sale, the chief operating officer directly owned 125,112 shares of the company’s stock, valued at $628,062.24. The trade was a 13.67% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Dion C. Sanders sold 112,523 shares of the business’s stock in a transaction that occurred on Wednesday, May 20th. The stock was sold at an average price of $5.19, for a total value of $583,994.37. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 196,047 shares of company stock valued at $1,024,633 in the last ninety days. 1.30% of the stock is currently owned by corporate insiders.

Institutional Trading of Peloton Interactive

A number of hedge funds have recently made changes to their positions in the stock. Sankala Group LLC bought a new stake in Peloton Interactive during the 4th quarter valued at about $31,000. Advisory Services Network LLC bought a new position in shares of Peloton Interactive in the third quarter worth approximately $48,000. Quarry LP bought a new position in shares of Peloton Interactive in the third quarter worth approximately $71,000. Cora Capital Advisors LLC purchased a new position in Peloton Interactive in the 1st quarter worth approximately $43,000. Finally, Evolve Private Wealth LLC purchased a new position in Peloton Interactive in the 4th quarter worth approximately $62,000. 77.01% of the stock is owned by institutional investors.

Peloton Interactive Trading Up 0.9%

Shares of PTON opened at $5.77 on Tuesday. The firm’s 50-day moving average price is $5.56 and its 200-day moving average price is $5.27. The firm has a market capitalization of $2.50 billion, a price-to-earnings ratio of 144.29, a PEG ratio of 0.97 and a beta of 2.54. 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 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 net margin of 0.94% and a negative return on equity of 6.95%. During the same quarter in the previous year, the firm posted ($0.12) EPS. The firm’s revenue was up 1.1% compared to the same quarter last year. On average, research analysts forecast that Peloton Interactive will post 0.13 EPS for the current fiscal year.

About Peloton Interactive

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.