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

Shares of Peloton Interactive, Inc. (NASDAQ:PTON) have been assigned an average recommendation of “Hold” from the twenty-one analysts that are currently covering the company, Marketbeat.com reports. Three equities research analysts have rated the stock with a sell recommendation, thirteen have assigned a hold recommendation and five have issued a buy recommendation on the company. The average 1 year price objective among brokers that have issued ratings on the stock in the last year is $7.50.

A number of research analysts have recently weighed in on the company. Truist Financial cut their price target on Peloton Interactive from $7.00 to $6.00 and set a “hold” rating on the stock in a research note on Friday, February 2nd. The Goldman Sachs Group cut their price target on Peloton Interactive from $6.50 to $5.75 and set a “neutral” rating on the stock in a research note on Friday, February 2nd. Telsey Advisory Group dropped their price objective on Peloton Interactive from $6.00 to $5.00 and set a “market perform” rating on the stock in a research note on Friday, February 2nd. Morgan Stanley assumed coverage on Peloton Interactive in a research note on Monday, March 11th. They set an “equal weight” rating and a $3.00 price objective on the stock. Finally, JPMorgan Chase & Co. dropped their price objective on Peloton Interactive from $9.00 to $8.00 and set an “overweight” rating on the stock in a research note on Friday, February 2nd.

Insider Activity at Peloton Interactive

In related news, CFO Elizabeth F. Coddington sold 8,977 shares of Peloton Interactive stock in a transaction dated Thursday, March 14th. The stock was sold at an average price of $4.34, for a total value of $38,960.18. Following the sale, the chief financial officer now owns 104,428 shares of the company’s stock, valued at $453,217.52. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In related news, Director Karen Boone sold 50,000 shares of Peloton Interactive stock in a transaction dated Thursday, February 1st. The stock was sold at an average price of $4.33, for a total value of $216,500.00. Following the sale, the director now owns 34,966 shares of the company’s stock, valued at $151,402.78. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Elizabeth F. Coddington sold 8,977 shares of the business’s stock in a transaction that occurred 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 transaction, the chief financial officer now directly owns 104,428 shares in the company, valued at approximately $453,217.52. The disclosure for this sale can be found here. 3.28% of the stock is owned by company insiders.

Hedge Funds Weigh In On Peloton Interactive

A number of institutional investors have recently bought and sold shares of PTON. Cetera Advisor Networks LLC increased its position in Peloton Interactive by 34.6% during the first quarter. Cetera Advisor Networks LLC now owns 8,077 shares of the company’s stock worth $213,000 after buying an additional 2,078 shares during the last quarter. Private Advisor Group LLC increased its position in Peloton Interactive by 44.6% during the first quarter. Private Advisor Group LLC now owns 12,635 shares of the company’s stock worth $334,000 after buying an additional 3,896 shares during the last quarter. MetLife Investment Management LLC acquired a new position in Peloton Interactive during the first quarter worth approximately $509,000. Panagora Asset Management Inc. increased its position in Peloton Interactive by 18.6% during the first quarter. Panagora Asset Management Inc. now owns 21,337 shares of the company’s stock worth $564,000 after buying an additional 3,347 shares during the last quarter. Finally, Rhumbline Advisers increased its position in Peloton Interactive by 1.7% during the first quarter. Rhumbline Advisers now owns 263,774 shares of the company’s stock worth $6,969,000 after buying an additional 4,384 shares during the last quarter. Institutional investors and hedge funds own 77.01% of the company’s stock.

Peloton Interactive Stock Performance

Shares of PTON opened at $3.55 on Friday. The firm has a market capitalization of $1.30 billion, a price-to-earnings ratio of -1.45 and a beta of 1.96. The business’s fifty day moving average price is $4.32 and its two-hundred day moving average price is $5.07. Peloton Interactive has a 52 week low of $3.50 and a 52 week high of $10.44.

Peloton Interactive (NASDAQ:PTON) last posted its quarterly earnings results on Thursday, February 1st. The company reported ($0.54) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.55) by $0.01. The company had revenue of $743.60 million during the quarter, compared to analyst estimates of $733.17 million. The business’s revenue for the quarter was down 6.2% compared to the same quarter last year. During the same period last year, the company earned ($0.98) EPS. As a group, research analysts forecast that Peloton Interactive will post -1.6 EPS 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.