Peloton Interactive, Inc. (NASDAQ:PTON) Receives $8.25 Consensus PT from Analysts

Shares of Peloton Interactive, Inc. (NASDAQ:PTON) have received a consensus rating of “Hold” from the fourteen ratings firms that are currently covering the firm, MarketBeat.com reports. One analyst has rated the stock with a sell recommendation, eight have assigned a hold recommendation and five have issued a buy recommendation on the company. The average 1 year target price among brokers that have issued ratings on the stock in the last year is $8.25.

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

Insider Buying and Selling

In other news, insider Dion C. Sanders sold 112,523 shares of the business’s stock in a transaction on Wednesday, May 20th. The shares were sold at an average price of $5.19, for a total value of $583,994.37. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Saqib Baig sold 5,000 shares of the firm’s stock in a transaction on Tuesday, June 9th. The stock was sold at an average price of $5.66, for a total value of $28,300.00. Following the sale, the chief financial officer directly owned 234,046 shares in the company, valued at $1,324,700.36. The trade was a 2.09% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 172,571 shares of company stock worth $906,269 over the last quarter. 1.30% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Peloton Interactive

A number of hedge funds have recently modified their holdings of PTON. Vident Advisory LLC raised its position in Peloton Interactive by 1.1% in the 2nd quarter. Vident Advisory LLC now owns 110,258 shares of the company’s stock valued at $765,000 after buying an additional 1,180 shares during the last quarter. Cresset Asset Management LLC boosted its position in Peloton Interactive by 11.9% during the 3rd quarter. Cresset Asset Management LLC now owns 12,748 shares of the company’s stock worth $115,000 after acquiring an additional 1,354 shares during the last quarter. Vise Technologies Inc. boosted its position in Peloton Interactive by 10.3% during the 3rd quarter. Vise Technologies Inc. now owns 15,680 shares of the company’s stock worth $141,000 after acquiring an additional 1,466 shares during the last quarter. Principal Financial Group Inc. grew its stake in shares of Peloton Interactive by 10.2% during the 1st quarter. Principal Financial Group Inc. now owns 21,263 shares of the company’s stock worth $91,000 after acquiring an additional 1,967 shares in the last quarter. Finally, NewEdge Advisors LLC grew its stake in shares of Peloton Interactive by 21.8% during the 1st quarter. NewEdge Advisors LLC now owns 12,405 shares of the company’s stock worth $53,000 after acquiring an additional 2,223 shares in the last quarter. Institutional investors and hedge funds own 77.01% of the company’s stock.

Peloton Interactive Stock Performance

Shares of PTON stock opened at $6.08 on Friday. The firm’s 50 day moving average price is $5.85 and its two-hundred day moving average price is $5.25. 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 $2.63 billion, a PE ratio of 152.04, a PEG ratio of 0.45 and a beta of 2.52.

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