Analysts Set Peloton Interactive, Inc. (NASDAQ:PTON) Price Target at $7.94

Peloton Interactive, Inc. (NASDAQ:PTON) has received a consensus rating of “Hold” from the thirteen research firms that are presently covering the company, Marketbeat Ratings reports. One analyst has rated the stock with a sell recommendation, seven have given a hold recommendation and five have assigned a buy recommendation to the company. The average 12-month price target among analysts that have covered the stock in the last year is $7.95.

Several equities analysts have weighed in on the stock. Telsey Advisory Group reaffirmed a “market perform” rating on shares of Peloton Interactive in a report on Monday, August 3rd. UBS Group reduced their price objective on shares of Peloton Interactive from $11.00 to $10.00 and set a “buy” rating for the company in a research note on Tuesday. Weiss Ratings upgraded shares of Peloton Interactive from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Friday, September 4th. Morgan Stanley cut shares of Peloton Interactive from an “equal weight” rating to an “underweight” rating and lowered their target price for the company from $5.00 to $4.50 in a research note on Tuesday. Finally, Wall Street Zen raised shares of Peloton Interactive from a “hold” rating to a “buy” rating in a report on Saturday, May 16th.

Insider Activity at Peloton Interactive

In other Peloton Interactive news, insider Dion C. Sanders sold 112,512 shares of the stock in a transaction that occurred on Wednesday, August 19th. The shares were sold at an average price of $5.45, for a total transaction of $613,190.40. Following the completion of the sale, the insider directly owned 18,801 shares of the company’s stock, valued at $102,465.45. This trade represents a 85.68% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Karen Boone sold 25,000 shares of the stock in a transaction that occurred on Monday, August 17th. The shares were sold at an average price of $5.35, for a total transaction of $133,750.00. Following the sale, the director directly owned 236,063 shares of the company’s stock, valued at approximately $1,262,937.05. This trade represents a 9.58% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders have sold 182,061 shares of company stock valued at $989,779. 1.30% of the stock is owned by company insiders.

Hedge Funds Weigh In On Peloton Interactive

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Sequoia Financial Advisors LLC purchased a new position in shares of Peloton Interactive in the second quarter valued at $80,000. Engineers Gate Manager LP bought a new stake in Peloton Interactive in the second quarter worth $1,705,000. Allworth Financial LP raised its stake in Peloton Interactive by 61.1% during the second quarter. Allworth Financial LP now owns 13,701 shares of the company’s stock valued at $81,000 after purchasing an additional 5,194 shares in the last quarter. Nykredit A S purchased a new stake in Peloton Interactive during the second quarter valued at $70,000. Finally, Corient Private Wealth LP lifted its position in Peloton Interactive by 477.5% during the second quarter. Corient Private Wealth LP now owns 59,916 shares of the company’s stock valued at $354,000 after purchasing an additional 49,541 shares during the last quarter. Institutional investors own 77.01% of the company’s stock.

Peloton Interactive Stock Up 0.6%

Shares of PTON opened at $4.95 on Friday. The business has a 50-day simple moving average of $5.76 and a two-hundred day simple moving average of $5.27. Peloton Interactive has a 52 week low of $3.65 and a 52 week high of $9.20. The stock has a market cap of $2.17 billion, a price-to-earnings ratio of 41.25, a PEG ratio of 0.39 and a beta of 2.52.

Peloton Interactive (NASDAQ:PTON) last posted its quarterly earnings data on Thursday, August 6th. The company reported $0.13 earnings per share for the quarter, beating analysts’ consensus estimates of $0.11 by $0.02. The firm had revenue of $607.70 million for the quarter, compared to analysts’ expectations of $596.60 million. Peloton Interactive had a negative return on equity of 23.92% and a net margin of 2.58%.The business’s quarterly revenue was up .1% on a year-over-year basis. During the same period in the previous year, the firm earned $0.05 EPS. On average, equities analysts anticipate that Peloton Interactive will post 0.31 earnings per share for the current fiscal year.

Peloton Interactive Company Profile

Peloton Interactive, Inc is a connected fitness company that combines exercise equipment, digital technology and subscription-based content. Its products include the Peloton Bike and Bike+, Tread and Tread+, Row, and Peloton Guide, along with related accessories and apparel. The company also offers digital memberships that provide access to live and on-demand cycling, running, strength, yoga, meditation and other fitness classes.

Peloton sells its products through its website, retail channels and commercial partnerships, while its subscription services are available to owners of Peloton equipment and, through a separate offering, to customers using compatible third-party devices.