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

Shares of Peloton Interactive, Inc. (NASDAQ:PTON) have earned an average recommendation of “Hold” from the seventeen analysts that are presently covering the firm, Marketbeat reports. One equities research analyst has rated the stock with a sell recommendation, eight have given a hold recommendation, seven have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average twelve-month price objective among brokers that have covered the stock in the last year is $8.4182.

A number of analysts have issued reports on the stock. Morgan Stanley boosted their price target on shares of Peloton Interactive from $6.00 to $6.50 and gave the stock an “equal weight” rating in a research note on Wednesday, November 19th. Truist Financial dropped their price objective on shares of Peloton Interactive from $12.00 to $9.00 and set a “buy” rating for the company in a report on Friday, February 6th. Zacks Research raised shares of Peloton Interactive from a “hold” rating to a “strong-buy” rating in a research note on Monday, January 26th. Bank of America set a $9.00 price target on shares of Peloton Interactive in a research report on Friday, January 30th. Finally, Weiss Ratings restated a “sell (d-)” rating on shares of Peloton Interactive in a research note on Friday, January 9th.

Peloton Interactive Stock Down 1.4%

PTON opened at $4.19 on Wednesday. Peloton Interactive has a 52 week low of $4.08 and a 52 week high of $10.02. The business has a fifty day simple moving average of $5.88 and a 200-day simple moving average of $6.97. The firm has a market cap of $1.78 billion, a P/E ratio of -32.23, a P/E/G ratio of 0.87 and a beta of 2.41.

Peloton Interactive (NASDAQ:PTON) last posted its quarterly earnings data on Thursday, February 5th. The company reported ($0.09) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.07) by ($0.02). The company had revenue of $656.50 million during the quarter, compared to analysts’ expectations of $675.04 million. During the same quarter in the previous year, the company earned ($0.24) EPS. The company’s revenue for the quarter was down 2.5% on a year-over-year basis. Sell-side analysts expect that Peloton Interactive will post -0.36 earnings per share for the current year.

Insider Activity

In other Peloton Interactive news, insider Jennifer Cunningham Cotter sold 131,495 shares of the company’s stock in a transaction dated Thursday, November 20th. The stock was sold at an average price of $6.64, for a total transaction of $873,126.80. Following the sale, the insider owned 100,269 shares in the company, valued at $665,786.16. This represents a 56.74% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CFO Elizabeth F. Coddington sold 21,820 shares of the stock in a transaction dated Monday, December 15th. The shares were sold at an average price of $6.31, for a total value of $137,684.20. Following the completion of the sale, the chief financial officer directly owned 346,535 shares in the company, valued at $2,186,635.85. This represents a 5.92% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 475,784 shares of company stock worth $3,156,629 over the last three months. Company insiders own 1.30% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in PTON. Eminence Capital LP acquired a new stake in Peloton Interactive in the second quarter valued at $112,681,000. DNB Asset Management AS increased its holdings in shares of Peloton Interactive by 142.4% in 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 last quarter. Hennessy Advisors Inc. acquired a new stake in shares of Peloton Interactive during the 4th quarter worth about $30,533,000. Alyeska Investment Group L.P. lifted 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 purchasing an additional 4,116,986 shares during the last quarter. Finally, Norges Bank purchased a new stake in Peloton Interactive during the fourth quarter worth approximately $23,796,000. Hedge funds and other institutional investors own 77.01% of the company’s stock.

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.