Peloton Interactive (NASDAQ:PTON) Lowered to “Hold” Rating by Wall Street Zen

Wall Street Zen downgraded shares of Peloton Interactive (NASDAQ:PTON) from a buy rating to a hold rating in a research note issued to investors on Saturday morning.

PTON has been the subject of a number of other research reports. Macquarie increased their price target on shares of Peloton Interactive from $11.00 to $12.00 and gave the company an “outperform” rating in a report on Tuesday, November 11th. Guggenheim started coverage on shares of Peloton Interactive in a research report on Wednesday, December 10th. They set a “neutral” rating for the company. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Peloton Interactive in a research note on Tuesday, October 14th. Citigroup lowered their target price on Peloton Interactive from $9.50 to $8.25 and set a “neutral” rating on the stock in a report on Thursday, November 20th. Finally, Telsey Advisory Group restated a “market perform” rating and issued a $9.00 price target on shares of Peloton Interactive in a research report on Monday, November 3rd. Eight investment analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $9.86.

Peloton Interactive Stock Up 1.8%

Shares of NASDAQ:PTON opened at $6.84 on Friday. Peloton Interactive has a 52 week low of $4.63 and a 52 week high of $10.25. The company has a 50-day moving average price of $6.64 and a 200 day moving average price of $7.17. The company has a market cap of $2.86 billion, a P/E ratio of -24.43, a PEG ratio of 2.06 and a beta of 2.40.

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

Insider Transactions at Peloton Interactive

In other Peloton Interactive news, insider Dion C. Sanders sold 124,047 shares of the company’s stock in a transaction dated Monday, November 17th. The shares were sold at an average price of $7.22, for a total value of $895,619.34. Following the transaction, the insider directly owned 111,036 shares in the company, valued at approximately $801,679.92. This represents a 52.77% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Elizabeth F. Coddington sold 238,014 shares of the business’s stock in a transaction that occurred on Monday, November 17th. The shares were sold at an average price of $7.18, for a total transaction of $1,708,940.52. Following the completion of the transaction, the chief financial officer directly owned 346,535 shares of the company’s stock, valued at approximately $2,488,121.30. This represents a 40.72% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 998,452 shares of company stock worth $6,988,068 in the last ninety days. Company insiders own 1.30% of the company’s stock.

Institutional Investors Weigh In On Peloton Interactive

Several hedge funds have recently made changes to their positions in the business. Vident Advisory LLC increased its stake in Peloton Interactive by 1.1% in the second quarter. Vident Advisory LLC now owns 110,258 shares of the company’s stock valued at $765,000 after purchasing an additional 1,180 shares during the last quarter. Cresset Asset Management LLC grew its holdings in Peloton Interactive by 11.9% in the 3rd quarter. Cresset Asset Management LLC now owns 12,748 shares of the company’s stock valued at $115,000 after buying an additional 1,354 shares during the period. Kirr Marbach & Co. LLC IN increased its stake in shares of Peloton Interactive by 0.3% during the 3rd quarter. Kirr Marbach & Co. LLC IN now owns 471,946 shares of the company’s stock valued at $4,248,000 after acquiring an additional 1,464 shares during the last quarter. Vise Technologies Inc. increased its stake in shares of Peloton Interactive by 10.3% during the 3rd quarter. Vise Technologies Inc. now owns 15,680 shares of the company’s stock valued at $141,000 after acquiring an additional 1,466 shares during the last quarter. Finally, Principal Financial Group Inc. lifted its holdings in shares of Peloton Interactive by 6.0% during the 3rd quarter. Principal Financial Group Inc. now owns 27,126 shares of the company’s stock worth $244,000 after acquiring an additional 1,526 shares during the period. Institutional investors and hedge funds 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.