Peloton Interactive, Inc. (PTON) – What Are Researchers Saying About This Stock?

Shares of Peloton Interactive, Inc. (NASDAQ:PTON) have been assigned a consensus rating of “Hold” from the twelve brokerages that are covering the company, Marketbeat.com reports. One research analyst has rated the stock with a sell recommendation, seven have given a hold recommendation and four have assigned a buy recommendation to the company. The average 1-year price target among brokers that have issued a report on the stock in the last year is $7.56.

Several equities analysts have recently issued reports on PTON shares. UBS Group decreased their price target on shares of Peloton Interactive from $11.00 to $10.00 and set a “buy” rating for the company in a report on Tuesday, September 8th. Morgan Stanley downgraded shares of Peloton Interactive from an “equal weight” rating to an “underweight” rating and cut their target price for the company from $5.00 to $4.50 in a research note on Tuesday, September 8th. Telsey Advisory Group reissued a “market perform” rating on shares of Peloton Interactive in a report on Monday, August 3rd. The Goldman Sachs Group reduced their price target on Peloton Interactive from $7.50 to $6.50 and set a “buy” rating on the stock in a research report on Monday, October 26th. Finally, Weiss Ratings raised Peloton Interactive from a “sell (d+)” rating to a “hold (c-)” rating in a report on Friday, October 2nd.

Peloton Interactive Stock Down 3.0%

PTON stock opened at $5.12 on Monday. The company has a market cap of $2.25 billion, a P/E ratio of 44.00, a PEG ratio of 0.42 and a beta of 2.54. Peloton Interactive has a twelve month low of $3.65 and a twelve month high of $7.92. The business has a fifty day moving average of $5.12 and a 200-day moving average of $5.24.

Peloton Interactive (NASDAQ:PTON) last announced its quarterly earnings data on Thursday, August 6th. The company reported $0.13 earnings per share for the quarter, topping the consensus estimate of $0.11 by $0.02. The firm had revenue of $607.70 million during 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 company’s quarterly revenue was up .1% compared to the same quarter last year. During the same period in the previous year, the business posted $0.05 EPS. As a group, equities research analysts anticipate that Peloton Interactive will post 0.31 earnings per share for the current fiscal year.

Insider Buying and Selling at Peloton Interactive

In other Peloton Interactive news, CAO Saqib Baig sold 10,000 shares of the company’s stock in a transaction that occurred on Tuesday, October 20th. The shares were sold at an average price of $5.45, for a total value of $54,500.00. Following the completion of the transaction, the chief accounting officer directly owned 257,729 shares in the company, valued at approximately $1,404,623.05. This represents a 3.74% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 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 $1,262,937.05. This represents a 9.58% 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. Over the last 90 days, insiders sold 217,712 shares of company stock valued at $1,177,289. 1.30% of the stock is owned by insiders.

Institutional Trading of Peloton Interactive

A number of hedge funds and other institutional investors have recently bought and sold shares of PTON. Principal Financial Group Inc. increased its position in 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 purchasing an additional 1,967 shares during the period. NewEdge Advisors LLC raised its holdings in Peloton Interactive by 21.8% in the 1st quarter. NewEdge Advisors LLC now owns 12,405 shares of the company’s stock valued at $53,000 after acquiring an additional 2,223 shares during the last quarter. GAMMA Investing LLC boosted its holdings in shares of Peloton Interactive by 58.9% in the 3rd quarter. GAMMA Investing LLC now owns 6,992 shares of the company’s stock valued at $35,000 after purchasing an additional 2,593 shares during the last quarter. Wealthfront Advisers LLC increased its stake in Peloton Interactive by 15.7% during the first quarter. Wealthfront Advisers LLC now owns 19,118 shares of the company’s stock worth $82,000 after acquiring an additional 2,595 shares during the last quarter. Finally, Wedmont Private Capital lifted its position in Peloton Interactive by 15.4% during the third quarter. Wedmont Private Capital now owns 19,633 shares of the company’s stock valued at $97,000 after buying an additional 2,624 shares in the last quarter. Institutional investors own 77.01% of the company’s stock.

About Peloton Interactive

Peloton Interactive, Inc is a connected-fitness company that combines exercise equipment, digital content and subscription services. Its product portfolio includes the Peloton Bike, Bike+, Tread treadmill, Row rowing machine and related accessories, apparel and fitness products. The company’s equipment is designed to connect users with live and on-demand instructor-led workouts through integrated screens and digital platforms.

Peloton offers subscription memberships that provide access to classes in cycling, running, strength training, yoga, meditation, rowing and other fitness disciplines.