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

Shares of Peloton Interactive, Inc. (NASDAQ:PTON) have been assigned a consensus recommendation of “Hold” from the seventeen ratings firms that are currently covering the stock, MarketBeat reports. One equities research analyst has rated the stock with a sell recommendation, eight have assigned a hold recommendation and eight have issued a buy recommendation on the company. The average 1 year price objective among brokerages that have issued ratings on the stock in the last year is $9.8625.

A number of equities research analysts have weighed in on PTON shares. Macquarie upped their price objective on shares of Peloton Interactive from $11.00 to $12.00 and gave the stock an “outperform” rating in a report on Tuesday, November 11th. Citigroup cut their price target on Peloton Interactive from $9.50 to $8.25 and set a “neutral” rating on the stock in a research note on Thursday, November 20th. Guggenheim began coverage on Peloton Interactive in a research note on Wednesday, December 10th. They set a “neutral” rating for the company. Zacks Research downgraded Peloton Interactive from a “strong-buy” rating to a “hold” rating in a report on Friday, November 7th. Finally, The Goldman Sachs Group restated a “buy” rating and set a $11.50 price target on shares of Peloton Interactive in a report on Thursday, October 2nd.

Insider Activity at Peloton Interactive

In other Peloton Interactive news, insider Nick V. Caldwell sold 64,617 shares of the firm’s stock in a transaction dated Tuesday, December 16th. The shares were sold at an average price of $6.21, for a total transaction of $401,271.57. Following the completion of the sale, the insider directly owned 839,982 shares in the company, valued at approximately $5,216,288.22. This trade represents a 7.14% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CAO Saqib Baig sold 5,000 shares of the company’s stock in a transaction that occurred on Monday, December 8th. The stock was sold at an average price of $6.39, for a total transaction of $31,950.00. Following the completion of the transaction, the chief accounting officer owned 185,665 shares in the company, valued at approximately $1,186,399.35. This represents a 2.62% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 998,452 shares of company stock worth $6,988,068 in the last ninety days. 1.30% of the stock is currently owned by company insiders.

Institutional Trading of Peloton Interactive

Several institutional investors have recently added to or reduced their stakes in PTON. Eminence Capital LP purchased a new position in shares of Peloton Interactive in the second quarter worth $112,681,000. DNB Asset Management AS increased its holdings in Peloton Interactive by 592.6% in the 2nd quarter. DNB Asset Management AS now owns 3,711,752 shares of the company’s stock worth $25,760,000 after buying an additional 3,175,861 shares in the last quarter. Pacer Advisors Inc. purchased a new position in Peloton Interactive in the 3rd quarter worth about $17,387,000. Ameriprise Financial Inc. raised its position in Peloton Interactive by 5,654.6% in the 3rd quarter. Ameriprise Financial Inc. now owns 1,705,661 shares of the company’s stock worth $15,351,000 after buying an additional 1,676,021 shares during the last quarter. Finally, Aperture Investors LLC lifted its stake in Peloton Interactive by 184.7% during the 2nd quarter. Aperture Investors LLC now owns 2,376,169 shares of the company’s stock valued at $16,491,000 after acquiring an additional 1,541,536 shares during the period. 77.01% of the stock is currently owned by hedge funds and other institutional investors.

Peloton Interactive Stock Down 0.6%

Shares of PTON stock opened at $6.12 on Tuesday. The business’s fifty day moving average is $6.72 and its 200 day moving average is $7.16. The stock has a market cap of $2.56 billion, a price-to-earnings ratio of -21.86, a PEG ratio of 1.84 and a beta of 2.40. Peloton Interactive has a twelve month low of $4.63 and a twelve month high of $10.25.

Peloton Interactive (NASDAQ:PTON) last announced its earnings results on Thursday, November 6th. The company reported $0.03 EPS for the quarter, beating analysts’ consensus estimates of $0.01 by $0.02. The business had revenue of $550.80 million for the quarter, compared to the consensus estimate of $540.61 million. The business’s revenue was down 6.0% on a year-over-year basis. Equities research analysts expect that Peloton Interactive will post -0.36 earnings per share for the current fiscal year.

Peloton Interactive Company Profile

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.