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

Shares of Peloton Interactive, Inc. (NASDAQ:PTON) have been given a consensus rating of “Hold” by the seventeen analysts that are presently covering the company, MarketBeat.com reports. One investment analyst has rated the stock with a sell recommendation, nine have assigned a hold recommendation and seven have given a buy recommendation to the company. The average 12 month target price among analysts that have issued ratings on the stock in the last year is $8.4182.

A number of equities analysts have recently commented on PTON shares. Zacks Research lowered shares of Peloton Interactive from a “strong-buy” rating to a “hold” rating in a report on Tuesday, February 24th. Wall Street Zen lowered Peloton Interactive from a “buy” rating to a “hold” rating in a research report on Sunday, March 8th. Citigroup cut their target price on Peloton Interactive from $8.25 to $5.00 and set a “neutral” rating on the stock in a report on Thursday, February 12th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Peloton Interactive in a research report on Friday, January 9th. Finally, Morgan Stanley increased their price target on Peloton Interactive from $6.00 to $6.50 and gave the company an “equal weight” rating in a research note on Wednesday, November 19th.

Insiders Place Their Bets

In other Peloton Interactive news, insider Nick V. Caldwell sold 50,570 shares of the stock in a transaction dated Tuesday, February 17th. The stock was sold at an average price of $4.15, for a total transaction of $209,865.50. Following the completion of the sale, the insider directly owned 807,847 shares in the company, valued at approximately $3,352,565.05. This trade represents a 5.89% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, COO Charles Peter Kirol sold 6,419 shares of the business’s stock in a transaction dated Tuesday, February 17th. The shares were sold at an average price of $4.14, for a total value of $26,574.66. Following the completion of the transaction, the chief operating officer directly owned 88,408 shares in the company, valued at $366,009.12. This represents a 6.77% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 1,074,910 shares of company stock valued at $5,113,049 over the last three months. Insiders own 1.30% of the company’s stock.

Hedge Funds Weigh In On Peloton Interactive

Several institutional investors have recently added to or reduced their stakes in the business. Eminence Capital LP acquired a new stake in shares of Peloton Interactive during the 2nd quarter worth approximately $112,681,000. DNB Asset Management AS lifted its position in shares of Peloton Interactive by 142.4% during the 4th quarter. DNB Asset Management AS now owns 10,776,627 shares of the company’s stock valued at $66,384,000 after acquiring an additional 6,331,510 shares during the period. Hennessy Advisors Inc. acquired a new position in shares of Peloton Interactive during the 4th quarter valued at $30,533,000. Alyeska Investment Group L.P. boosted its stake in Peloton Interactive by 306.0% during the fourth quarter. Alyeska Investment Group L.P. now owns 5,462,344 shares of the company’s stock worth $33,648,000 after acquiring an additional 4,116,986 shares in the last quarter. Finally, Norges Bank bought a new position in Peloton Interactive during the fourth quarter worth $23,796,000. 77.01% of the stock is owned by institutional investors and hedge funds.

Peloton Interactive Price Performance

Shares of NASDAQ PTON opened at $3.71 on Friday. The company has a 50 day simple moving average of $5.06 and a 200 day simple moving average of $6.50. The firm has a market cap of $1.58 billion, a PE ratio of -28.54, a price-to-earnings-growth ratio of 0.73 and a beta of 2.47. Peloton Interactive has a 1 year low of $3.65 and a 1 year high of $9.20.

Peloton Interactive (NASDAQ:PTON) last posted its earnings results on Thursday, February 5th. The company reported ($0.09) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.07) by ($0.02). During the same period in the previous year, the company earned ($0.24) EPS. The firm’s revenue was down 2.5% compared to the same quarter last year. As a group, research analysts anticipate that Peloton Interactive will post -0.36 earnings per share 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.