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

Peloton Interactive, Inc. (NASDAQ:PTONGet Rating) has been assigned an average rating of “Hold” from the thirty-three ratings firms that are covering the stock, MarketBeat reports. One analyst has rated the stock with a sell rating, fifteen have issued a hold rating and sixteen have issued a buy rating on the company. The average 12 month target price among brokerages that have issued a report on the stock in the last year is $56.31.

A number of research analysts recently issued reports on the stock. Macquarie dropped their target price on shares of Peloton Interactive from $85.00 to $60.00 and set an “outperform” rating on the stock in a research report on Wednesday, February 9th. Barclays lowered their price objective on shares of Peloton Interactive from $90.00 to $60.00 and set an “overweight” rating on the stock in a report on Wednesday, February 9th. MKM Partners upped their target price on shares of Peloton Interactive from $30.00 to $35.00 and gave the stock a “neutral” rating in a research note on Thursday, February 10th. Loop Capital reduced their target price on shares of Peloton Interactive from $90.00 to $55.00 and set a “buy” rating for the company in a research note on Wednesday, February 9th. Finally, Evercore ISI reduced their target price on shares of Peloton Interactive from $72.00 to $40.00 and set an “in-line” rating for the company in a research note on Friday, January 21st.

NASDAQ:PTON opened at $24.53 on Wednesday. The firm’s fifty day moving average is $26.71 and its 200-day moving average is $42.59. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.29 and a current ratio of 2.33. Peloton Interactive has a 52 week low of $20.11 and a 52 week high of $129.70. The firm has a market cap of $8.13 billion, a P/E ratio of -6.59 and a beta of 0.97.

Peloton Interactive (NASDAQ:PTONGet Rating) last posted its quarterly earnings data on Tuesday, February 8th. The company reported ($1.39) EPS for the quarter, missing the Zacks’ consensus estimate of ($1.18) by ($0.21). Peloton Interactive had a negative net margin of 27.48% and a negative return on equity of 59.67%. The firm had revenue of $1.13 billion during the quarter, compared to the consensus estimate of $1.15 billion. During the same period in the prior year, the company posted $0.18 earnings per share. The company’s revenue for the quarter was up 6.5% compared to the same quarter last year. As a group, sell-side analysts anticipate that Peloton Interactive will post -3.94 earnings per share for the current year.

In other news, CAO Allen J. Klingsick sold 2,059 shares of the stock in a transaction dated Thursday, February 17th. The shares were sold at an average price of $31.89, for a total value of $65,661.51. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director William Lynch sold 6,250 shares of the stock in a transaction dated Thursday, February 17th. The stock was sold at an average price of $32.49, for a total transaction of $203,062.50. The disclosure for this sale can be found here. Insiders have sold 10,768 shares of company stock valued at $347,387 in the last quarter. Company insiders own 13.18% of the company’s stock.

Institutional investors have recently made changes to their positions in the company. Baillie Gifford & Co. raised its stake in Peloton Interactive by 12.1% in the fourth quarter. Baillie Gifford & Co. now owns 31,609,257 shares of the company’s stock valued at $1,130,347,000 after purchasing an additional 3,420,226 shares in the last quarter. BlackRock Inc. raised its stake in Peloton Interactive by 3.2% in the fourth quarter. BlackRock Inc. now owns 15,521,973 shares of the company’s stock valued at $555,065,000 after purchasing an additional 475,589 shares in the last quarter. Capital World Investors raised its stake in Peloton Interactive by 38.5% in the fourth quarter. Capital World Investors now owns 8,713,231 shares of the company’s stock valued at $311,585,000 after purchasing an additional 2,423,001 shares in the last quarter. Viking Global Investors LP raised its stake in Peloton Interactive by 1,135.7% in the third quarter. Viking Global Investors LP now owns 6,485,107 shares of the company’s stock valued at $564,529,000 after purchasing an additional 5,960,315 shares in the last quarter. Finally, State Street Corp raised its stake in Peloton Interactive by 5.7% in the fourth quarter. State Street Corp now owns 5,933,855 shares of the company’s stock valued at $212,195,000 after purchasing an additional 320,850 shares in the last quarter. 76.64% of the stock is currently owned by hedge funds and other institutional investors.

Peloton Interactive Company Profile (Get Rating)

Peloton Interactive, Inc provides interactive fitness products in North America and internationally. It offers connected fitness products with touchscreen that streams live and on-demand classes under the Peloton Bike, Peloton Bike+, Peloton Tread, and Peloton Tread+ names. The company also provides connected fitness subscriptions for various household users, and access to various live and on-demand classes, as well as Peloton Digital app for connected fitness subscribers to provide access to its classes.

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Analyst Recommendations for Peloton Interactive (NASDAQ:PTON)

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