Peloton Interactive, Inc. (NASDAQ:PTON) Receives Consensus Rating of “Hold” from Brokerages

Shares of Peloton Interactive, Inc. (NASDAQ:PTON) have received a consensus recommendation of “Hold” from the nineteen brokerages that are currently covering the company, MarketBeat Ratings reports. Sixteen equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average 1-year price target among brokers that have issued ratings on the stock in the last year is $6.97.

A number of research analysts have commented on the stock. Truist Financial lifted their price objective on shares of Peloton Interactive from $6.00 to $10.00 and gave the company a “hold” rating in a research note on Friday, November 1st. Morgan Stanley increased their price objective on Peloton Interactive from $3.50 to $5.00 and gave the stock an “equal weight” rating in a research report on Friday, November 1st. Bank of America raised Peloton Interactive from an “underperform” rating to a “buy” rating and increased their price target for the stock from $3.75 to $9.00 in a report on Monday, November 4th. JMP Securities restated a “market perform” rating on shares of Peloton Interactive in a research report on Thursday, October 3rd. Finally, Sanford C. Bernstein lifted their target price on shares of Peloton Interactive from $4.25 to $6.50 and gave the company a “market perform” rating in a report on Friday, November 1st.

Insider Activity at Peloton Interactive

In other Peloton Interactive news, insider Andrew S. Rendich sold 138,391 shares of the company’s stock in a transaction dated Monday, November 18th. The shares were sold at an average price of $7.51, for a total value of $1,039,316.41. Following the sale, the insider now owns 287,973 shares of the company’s stock, valued at $2,162,677.23. This represents a 32.46 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CAO Saqib Baig sold 36,776 shares of the firm’s stock in a transaction that occurred on Monday, November 18th. The stock was sold at an average price of $7.53, for a total transaction of $276,923.28. Following the transaction, the chief accounting officer now directly owns 137,357 shares of the company’s stock, valued at approximately $1,034,298.21. This trade represents a 21.12 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 430,539 shares of company stock valued at $3,260,596 in the last ninety days. Corporate insiders own 1.34% of the company’s stock.

Institutional Trading of Peloton Interactive

A number of large investors have recently made changes to their positions in PTON. PDT Partners LLC boosted its stake in shares of Peloton Interactive by 0.7% during the 3rd quarter. PDT Partners LLC now owns 205,573 shares of the company’s stock worth $962,000 after purchasing an additional 1,373 shares during the last quarter. Point72 Asia Singapore Pte. Ltd. boosted its position in Peloton Interactive by 31.9% during the third quarter. Point72 Asia Singapore Pte. Ltd. now owns 6,605 shares of the company’s stock worth $31,000 after acquiring an additional 1,597 shares during the last quarter. Signaturefd LLC grew its stake in Peloton Interactive by 2.7% in the 2nd quarter. Signaturefd LLC now owns 113,645 shares of the company’s stock worth $384,000 after acquiring an additional 3,032 shares during the period. Arizona State Retirement System raised its holdings in Peloton Interactive by 3.8% in the 2nd quarter. Arizona State Retirement System now owns 92,781 shares of the company’s stock valued at $314,000 after acquiring an additional 3,377 shares during the last quarter. Finally, Kohmann Bosshard Financial Services LLC lifted its stake in shares of Peloton Interactive by 50.0% during the 3rd quarter. Kohmann Bosshard Financial Services LLC now owns 15,000 shares of the company’s stock worth $70,000 after purchasing an additional 5,000 shares during the period. Institutional investors and hedge funds own 77.01% of the company’s stock.

Peloton Interactive Stock Performance

Peloton Interactive stock opened at $9.36 on Friday. The stock has a 50-day simple moving average of $8.29 and a 200-day simple moving average of $5.49. The company has a market capitalization of $3.57 billion, a P/E ratio of -8.75 and a beta of 1.90. Peloton Interactive has a fifty-two week low of $2.70 and a fifty-two week high of $10.90.

Peloton Interactive (NASDAQ:PTON) last posted its quarterly earnings data on Thursday, October 31st. The company reported ($0.16) earnings per share for the quarter, missing the consensus estimate of ($0.15) by ($0.01). The firm had revenue of $586.00 million during the quarter, compared to analyst estimates of $572.97 million. The company’s revenue for the quarter was down 1.6% on a year-over-year basis. During the same period in the prior year, the firm earned ($0.44) earnings per share. As a group, analysts forecast that Peloton Interactive will post -0.38 earnings per share for the current year.

About Peloton Interactive

Peloton Interactive, Inc operates interactive fitness platform in North America and internationally. The company offers connected fitness products with touchscreen that streams live and on-demand classes under the Peloton Bike, Peloton Bike+, Peloton Tread, Peloton Tread+, Peloton Guide, and Peloton Row names.