Peloton Interactive, Inc. (NASDAQ:PTON) Given Consensus Recommendation of “Hold” by Analysts

Shares of Peloton Interactive, Inc. (NASDAQ:PTON) have been assigned a consensus rating of “Hold” from the twenty-one ratings firms that are covering the stock, MarketBeat Ratings reports. Three research analysts have rated the stock with a sell recommendation, fourteen have assigned a hold recommendation and four have given a buy recommendation to the company. The average twelve-month price target among brokerages that have issued ratings on the stock in the last year is $5.11.

A number of equities research analysts have recently weighed in on the stock. The Goldman Sachs Group cut their target price on shares of Peloton Interactive from $5.75 to $3.50 and set a “neutral” rating on the stock in a research note on Friday, May 3rd. Truist Financial reduced their target price on Peloton Interactive from $7.00 to $6.00 and set a “hold” rating on the stock in a report on Friday, February 2nd. Macquarie lowered their target price on Peloton Interactive from $4.50 to $2.53 and set a “neutral” rating for the company in a research note on Friday, May 3rd. Bank of America reduced their price target on Peloton Interactive from $4.00 to $3.25 and set an “underperform” rating on the stock in a research note on Monday, April 29th. Finally, Morgan Stanley assumed coverage on Peloton Interactive in a research report on Monday, March 11th. They set an “equal weight” rating and a $3.00 price objective for the company.

Insider Buying and Selling at Peloton Interactive

In other news, CFO Elizabeth F. Coddington sold 8,977 shares of the business’s stock in a transaction on Thursday, March 14th. The stock was sold at an average price of $4.34, for a total value of $38,960.18. Following the completion of the transaction, the chief financial officer now owns 104,428 shares in the company, valued at $453,217.52. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 3.28% of the company’s stock.

Institutional Trading of Peloton Interactive

A number of large investors have recently made changes to their positions in the stock. Capital World Investors grew its position in Peloton Interactive by 17.6% in the 4th quarter. Capital World Investors now owns 26,259,325 shares of the company’s stock worth $159,919,000 after purchasing an additional 3,925,000 shares during the period. Norges Bank bought a new stake in shares of Peloton Interactive in the fourth quarter worth $20,824,000. DNB Asset Management AS lifted its holdings in Peloton Interactive by 31.7% in the fourth quarter. DNB Asset Management AS now owns 8,386,903 shares of the company’s stock valued at $51,076,000 after acquiring an additional 2,020,159 shares during the period. Patient Capital Management LLC boosted its position in Peloton Interactive by 32.7% in the fourth quarter. Patient Capital Management LLC now owns 6,196,285 shares of the company’s stock worth $37,735,000 after purchasing an additional 1,527,471 shares during the last quarter. Finally, AQR Capital Management LLC grew its stake in shares of Peloton Interactive by 612.1% during the 3rd quarter. AQR Capital Management LLC now owns 1,235,350 shares of the company’s stock valued at $6,239,000 after purchasing an additional 1,061,868 shares during the period. 77.01% of the stock is currently owned by institutional investors.

Peloton Interactive Stock Performance

NASDAQ PTON opened at $3.94 on Thursday. The stock has a market cap of $1.45 billion, a P/E ratio of -1.87 and a beta of 2.01. Peloton Interactive has a fifty-two week low of $2.70 and a fifty-two week high of $9.87. The stock has a 50 day simple moving average of $3.89 and a two-hundred day simple moving average of $4.85.

Peloton Interactive (NASDAQ:PTON) last announced its quarterly earnings results on Thursday, May 2nd. The company reported ($0.45) EPS for the quarter, missing analysts’ consensus estimates of ($0.39) by ($0.06). The company had revenue of $717.70 million during the quarter, compared to the consensus estimate of $720.85 million. The firm’s revenue for the quarter was down 4.2% compared to the same quarter last year. During the same period last year, the firm earned ($0.79) earnings per share. Sell-side analysts predict that Peloton Interactive will post -1.61 earnings per share for the current year.

About Peloton Interactive

Peloton Interactive, Inc operates interactive fitness platform in North America and internationally. The company offers connected fitness products with touchscreen that streams live and on-demand classes under the Peloton Bike, Peloton Bike+, Peloton Tread, Peloton Tread+, Peloton Guide, and Peloton Row names.