Analysts Set Peloton Interactive, Inc. (NASDAQ:PTON) PT at $8.42

Shares of Peloton Interactive, Inc. (NASDAQ:PTON) have been given an average recommendation of “Hold” by the seventeen brokerages that are covering the stock, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, eight have given a hold recommendation, seven have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1-year target price among analysts that have issued a report on the stock in the last year is $8.4182.

A number of research analysts have commented on the stock. Weiss Ratings reiterated a “sell (d-)” rating on shares of Peloton Interactive in a research report on Friday, January 9th. Telsey Advisory Group cut their price objective on shares of Peloton Interactive from $8.00 to $6.00 and set a “market perform” rating for the company in a research note on Friday, February 6th. Truist Financial reduced their target price on shares of Peloton Interactive from $12.00 to $9.00 and set a “buy” rating on the stock in a report on Friday, February 6th. Zacks Research raised shares of Peloton Interactive from a “hold” rating to a “strong-buy” rating in a research note on Monday, January 26th. Finally, Bank of America set a $9.00 price objective on Peloton Interactive in a research note on Friday, January 30th.

Peloton Interactive Stock Down 2.2%

PTON opened at $4.04 on Wednesday. The business’s fifty day simple moving average is $5.65 and its 200 day simple moving average is $6.87. Peloton Interactive has a 52 week low of $4.03 and a 52 week high of $9.20. The stock has a market cap of $1.72 billion, a PE ratio of -31.08, a P/E/G ratio of 0.82 and a beta of 2.41.

Peloton Interactive (NASDAQ:PTON) last posted its quarterly earnings data on Thursday, February 5th. The company reported ($0.09) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.07) by ($0.02). The firm had revenue of $656.50 million during the quarter, compared to analysts’ expectations of $675.04 million. The company’s quarterly revenue was down 2.5% on a year-over-year basis. During the same period in the prior year, the firm earned ($0.24) EPS. As a group, equities analysts anticipate that Peloton Interactive will post -0.36 earnings per share for the current year.

Insider Buying and Selling at Peloton Interactive

In other Peloton Interactive news, insider Dion C. Sanders sold 146,844 shares of Peloton Interactive stock in a transaction that occurred on Friday, February 20th. The stock was sold at an average price of $4.41, for a total value of $647,582.04. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CAO Saqib Baig sold 30,918 shares of the stock in a transaction that occurred on Tuesday, February 17th. The shares were sold at an average price of $4.14, for a total value of $128,000.52. Following the sale, the chief accounting officer directly owned 219,781 shares of the company’s stock, valued at approximately $909,893.34. This trade represents a 12.33% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 1,079,910 shares of company stock worth $5,144,999 over the last quarter. Company insiders own 1.30% of the company’s stock.

Institutional Investors Weigh In On Peloton Interactive

A number of large investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its stake in shares of Peloton Interactive by 1.5% during the fourth quarter. Vanguard Group Inc. now owns 39,227,591 shares of the company’s stock valued at $241,642,000 after acquiring an additional 591,300 shares during the last quarter. Eminence Capital LP increased its holdings in 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 purchasing an additional 3,069,497 shares during the period. DNB Asset Management AS raised its position in 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 purchasing an additional 6,331,510 shares during the last quarter. Geode Capital Management LLC lifted its holdings in Peloton Interactive by 3.9% in the 4th quarter. Geode Capital Management LLC now owns 9,741,115 shares of the company’s stock worth $60,015,000 after buying an additional 369,614 shares during the period. Finally, Goldman Sachs Group Inc. lifted its holdings in Peloton Interactive by 27.1% in the 1st quarter. Goldman Sachs Group Inc. now owns 7,056,642 shares of the company’s stock worth $44,598,000 after buying an additional 1,503,680 shares during the period. Institutional investors 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.