Brokerages Set Peloton Interactive, Inc. (NASDAQ:PTON) Price Target at $8.25

Peloton Interactive, Inc. (NASDAQ:PTON) has been assigned a consensus rating of “Hold” from the fourteen research firms that are presently covering the company, MarketBeat reports. One analyst has rated the stock with a sell rating, eight have issued a hold rating and five have assigned a buy rating to the company. The average 1-year target price among brokerages that have covered the stock in the last year is $8.25.

PTON has been the topic of a number of analyst reports. Wall Street Zen raised Peloton Interactive from a “hold” rating to a “buy” rating in a research note on Saturday, May 16th. UBS Group reissued a “buy” rating on shares of Peloton Interactive in a research note on Monday, June 15th. The Goldman Sachs Group upped their target price on shares of Peloton Interactive from $7.00 to $8.00 and gave the company a “buy” rating in a report on Friday, May 8th. Telsey Advisory Group reaffirmed a “market perform” rating on shares of Peloton Interactive in a research note on Wednesday, May 27th. Finally, Weiss Ratings upgraded shares of Peloton Interactive from a “sell (d)” rating to a “sell (d+)” rating in a report on Tuesday, May 26th.

Insider Activity at Peloton Interactive

In other Peloton Interactive news, insider Dion C. Sanders sold 112,523 shares of the business’s stock in a transaction on Wednesday, May 20th. The stock was sold at an average price of $5.19, for a total value of $583,994.37. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Saqib Baig sold 29,075 shares of the stock in a transaction on Monday, May 18th. The stock was sold at an average price of $5.27, for a total value of $153,225.25. Following the transaction, the chief financial officer directly owned 250,019 shares in the company, valued at approximately $1,317,600.13. This represents a 10.42% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 172,571 shares of company stock worth $906,269 in the last three months. Insiders own 1.30% of the company’s stock.

Hedge Funds Weigh In On Peloton Interactive

Institutional investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. boosted its stake in Peloton Interactive by 1.5% in the 4th quarter. Vanguard Group Inc. now owns 39,227,591 shares of the company’s stock worth $241,642,000 after buying an additional 591,300 shares during the last quarter. Eminence Capital LP increased its stake in shares of Peloton Interactive by 20.3% during the 4th quarter. Eminence Capital LP now owns 18,154,907 shares of the company’s stock valued at $111,834,000 after acquiring an additional 3,069,497 shares during the last quarter. DNB Asset Management AS increased its stake 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 last quarter. Geode Capital Management LLC lifted its holdings in shares of Peloton Interactive by 3.9% during the 4th quarter. Geode Capital Management LLC now owns 9,741,115 shares of the company’s stock worth $60,015,000 after acquiring an additional 369,614 shares during the period. Finally, Goldman Sachs Group Inc. lifted its holdings in shares of Peloton Interactive by 27.1% during the 1st quarter. Goldman Sachs Group Inc. now owns 7,056,642 shares of the company’s stock worth $44,598,000 after acquiring an additional 1,503,680 shares during the period. 77.01% of the stock is currently owned by institutional investors and hedge funds.

Peloton Interactive Stock Performance

PTON stock opened at $6.26 on Friday. The stock’s 50 day moving average price is $5.82 and its 200 day moving average price is $5.25. The firm has a market cap of $2.71 billion, a P/E ratio of 156.54, a PEG ratio of 0.47 and a beta of 2.52. Peloton Interactive has a 1 year low of $3.65 and a 1 year high of $9.20.

Peloton Interactive (NASDAQ:PTON) last released its quarterly earnings results on Thursday, May 7th. The company reported $0.06 earnings per share for the quarter, missing the consensus estimate of $0.07 by ($0.01). Peloton Interactive had a negative return on equity of 6.95% and a net margin of 0.94%.During the same period in the previous year, the company posted ($0.12) EPS. Peloton Interactive’s revenue for the quarter was up 1.1% on a year-over-year basis. On average, research analysts predict that Peloton Interactive will post 0.13 earnings per share for the current 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.