Peloton Interactive’s (PTON) Sell (D-) Rating Reaffirmed at Weiss Ratings

Weiss Ratings reissued their sell (d-) rating on shares of Peloton Interactive (NASDAQ:PTON) in a research note published on Tuesday,Weiss Ratings reports.

A number of other research analysts have also recently issued reports on PTON. Needham & Company LLC reaffirmed a “hold” rating on shares of Peloton Interactive in a report on Thursday, August 7th. Telsey Advisory Group increased their target price on shares of Peloton Interactive from $8.00 to $9.00 and gave the company a “market perform” rating in a report on Thursday, October 2nd. Truist Financial set a $11.00 target price on shares of Peloton Interactive in a report on Thursday, August 7th. Macquarie increased their target price on shares of Peloton Interactive from $10.00 to $11.00 and gave the company an “outperform” rating in a report on Thursday, August 14th. Finally, The Goldman Sachs Group reaffirmed a “buy” rating and issued a $11.50 target price on shares of Peloton Interactive in a report on Thursday, October 2nd. One analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, nine have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $9.36.

Peloton Interactive Stock Up 4.6%

Shares of NASDAQ:PTON opened at $7.71 on Tuesday. The company has a market cap of $3.14 billion, a P/E ratio of -24.87, a PEG ratio of 2.52 and a beta of 2.27. Peloton Interactive has a 52 week low of $4.63 and a 52 week high of $10.90. The company has a 50-day moving average price of $7.95 and a 200 day moving average price of $7.00.

Peloton Interactive (NASDAQ:PTON) last announced its quarterly earnings data on Thursday, August 7th. The company reported $0.05 EPS for the quarter, beating analysts’ consensus estimates of ($0.07) by $0.12. The firm had revenue of $606.90 million during the quarter, compared to analyst estimates of $580.29 million. Peloton Interactive’s revenue for the quarter was down 5.8% on a year-over-year basis. During the same quarter in the previous year, the business earned ($0.08) EPS. Peloton Interactive has set its FY 2025 guidance at EPS. Analysts expect that Peloton Interactive will post -0.36 EPS for the current year.

Insider Buying and Selling at Peloton Interactive

In other news, insider Nick V. Caldwell sold 206,901 shares of the firm’s stock in a transaction that occurred on Tuesday, September 16th. The shares were sold at an average price of $7.78, for a total transaction of $1,609,689.78. Following the completion of the transaction, the insider directly owned 737,788 shares of the company’s stock, valued at $5,739,990.64. This trade represents a 21.90% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Jennifer Cunningham Cotter sold 146,315 shares of the firm’s stock in a transaction that occurred on Monday, August 18th. The stock was sold at an average price of $8.37, for a total transaction of $1,224,656.55. Following the transaction, the insider directly owned 234,745 shares of the company’s stock, valued at approximately $1,964,815.65. This trade represents a 38.40% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 1,831,328 shares of company stock valued at $14,643,323. Company insiders own 1.34% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. Vident Advisory LLC grew its stake in Peloton Interactive by 1.1% in the 2nd quarter. Vident Advisory LLC now owns 110,258 shares of the company’s stock worth $765,000 after acquiring an additional 1,180 shares during the period. Kirr Marbach & Co. LLC IN grew its stake in Peloton Interactive by 0.3% in the 3rd quarter. Kirr Marbach & Co. LLC IN now owns 471,946 shares of the company’s stock worth $4,248,000 after acquiring an additional 1,464 shares during the period. Federated Hermes Inc. grew its stake in Peloton Interactive by 0.3% in the 1st quarter. Federated Hermes Inc. now owns 533,820 shares of the company’s stock worth $3,374,000 after acquiring an additional 1,643 shares during the period. Victory Capital Management Inc. grew its stake in Peloton Interactive by 4.4% in the 1st quarter. Victory Capital Management Inc. now owns 43,944 shares of the company’s stock worth $278,000 after acquiring an additional 1,860 shares during the period. Finally, Nisa Investment Advisors LLC grew its stake in Peloton Interactive by 40.2% in the 1st quarter. Nisa Investment Advisors LLC now owns 6,503 shares of the company’s stock worth $41,000 after acquiring an additional 1,864 shares during the period. 77.01% of the stock is owned by hedge funds and other institutional investors.

Peloton Interactive Company Profile

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.