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

Shares of Peloton Interactive, Inc. (NASDAQ:PTON) have been assigned an average rating of “Hold” from the twelve analysts that are presently covering the company, Marketbeat reports. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and four have given a buy rating to the company. The average 1-year price target among analysts that have updated their coverage on the stock in the last year is $7.72.

Several equities analysts have commented on the company. Telsey Advisory Group reaffirmed a “market perform” rating on shares of Peloton Interactive in a research report on Monday, August 3rd. UBS Group lowered their target price 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, September 8th. Weiss Ratings upgraded shares of Peloton Interactive from a “sell (d+)” rating to a “hold (c-)” rating in a report on Friday. Finally, Morgan Stanley downgraded shares of Peloton Interactive from an “equal weight” rating to an “underweight” rating and reduced their price target for the stock from $5.00 to $4.50 in a research note on Tuesday, September 8th.

Peloton Interactive Trading Up 1.8%

Shares of NASDAQ:PTON opened at $5.01 on Thursday. Peloton Interactive has a 12 month low of $3.65 and a 12 month high of $8.80. The company has a market capitalization of $2.20 billion, a price-to-earnings ratio of 41.75, a PEG ratio of 0.39 and a beta of 2.54. The firm’s 50-day moving average is $5.38 and its 200 day moving average is $5.39.

Peloton Interactive (NASDAQ:PTON) last announced its earnings results on Thursday, August 6th. The company reported $0.13 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.11 by $0.02. The business had revenue of $607.70 million during the quarter, compared to analyst estimates of $596.60 million. Peloton Interactive had a negative return on equity of 23.92% and a net margin of 2.58%.The company’s revenue for the quarter was up .1% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.05 earnings per share. As a group, equities analysts forecast that Peloton Interactive will post 0.31 EPS for the current fiscal year.

Insider Transactions at Peloton Interactive

In other news, Director Karen Boone sold 25,000 shares of Peloton Interactive 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 completion of the sale, the director owned 236,063 shares of the company’s stock, valued at approximately $1,262,937.05. The trade was a 9.58% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Dion Sanders sold 112,512 shares of the business’s stock in a transaction that occurred on Wednesday, August 19th. The shares were sold at an average price of $5.45, for a total value of $613,190.40. Following the completion of the sale, the insider owned 18,801 shares of the company’s stock, valued at $102,465.45. The trade was a 85.68% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last three months, insiders have sold 182,061 shares of company stock valued at $989,779. 1.30% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Peloton Interactive

Several hedge funds have recently made changes to their positions in PTON. Sequoia Financial Advisors LLC purchased a new position in shares of Peloton Interactive during the second quarter valued at $80,000. Engineers Gate Manager LP purchased a new stake in Peloton Interactive in the second quarter worth about $1,705,000. Allworth Financial LP lifted its stake in Peloton Interactive by 61.1% in the second quarter. Allworth Financial LP now owns 13,701 shares of the company’s stock worth $81,000 after acquiring an additional 5,194 shares during the period. Nykredit A S bought a new position in Peloton Interactive during the 2nd quarter worth about $70,000. Finally, Corient Private Wealth LP grew its holdings in Peloton Interactive by 477.5% during the 2nd quarter. Corient Private Wealth LP now owns 59,916 shares of the company’s stock worth $354,000 after acquiring an additional 49,541 shares in the last quarter. 77.01% of the stock is currently owned by hedge funds and other institutional investors.

About Peloton Interactive

Peloton Interactive, Inc is a connected fitness company that combines exercise equipment, digital technology and subscription-based workout content. Its platform provides instructor-led and on-demand classes across cycling, running, strength training, rowing, yoga, meditation and other fitness activities.

Peloton’s product portfolio includes the Peloton Bike and Bike+, Tread treadmill, Row rowing machine and Guide strength-training device. The company also offers a standalone Peloton App, which gives members access to digital classes and wellness content on compatible devices without requiring Peloton hardware.

Founded in 2012, Peloton initially built its business around connected indoor cycling before expanding into additional equipment and digital fitness services.