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

Peloton Interactive, Inc. (NASDAQ:PTON) has been given an average recommendation of “Hold” by the twenty-one analysts that are currently covering the firm, Marketbeat.com reports. Two analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and four have assigned a buy rating to the company. The average 12 month target price among brokerages that have covered the stock in the last year is $5.09.

A number of brokerages have recently commented on PTON. BMO Capital Markets lowered their price objective on Peloton Interactive from $7.50 to $6.50 and set a “market perform” rating for the company in a research report on Friday, May 3rd. JPMorgan Chase & Co. cut their price objective on shares of Peloton Interactive from $8.00 to $7.00 and set an “overweight” rating on the stock in a report on Friday, May 3rd. Citigroup downgraded shares of Peloton Interactive from a “buy” rating to a “neutral” rating and lowered their target price for the company from $8.00 to $4.00 in a report on Monday, May 6th. Macquarie cut their price target on shares of Peloton Interactive from $4.50 to $2.53 and set a “neutral” rating on the stock in a research note on Friday, May 3rd. Finally, Roth Mkm lowered their price objective on shares of Peloton Interactive from $7.00 to $5.00 and set a “buy” rating for the company in a research note on Friday, May 3rd.

Peloton Interactive Trading Down 0.6 %

Shares of PTON stock opened at $3.37 on Friday. The company has a market capitalization of $1.25 billion, a price-to-earnings ratio of -1.60 and a beta of 2.02. The firm has a 50-day moving average price of $3.59 and a 200 day moving average price of $4.37. Peloton Interactive has a twelve month low of $2.70 and a twelve month high of $9.87.

Peloton Interactive (NASDAQ:PTON) last announced its quarterly earnings data on Thursday, May 2nd. The company reported ($0.45) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.39) by ($0.06). The company had revenue of $717.70 million for the quarter, compared to analyst estimates of $720.85 million. The business’s revenue for the quarter was down 4.2% on a year-over-year basis. During the same quarter last year, the firm earned ($0.79) earnings per share. As a group, research analysts predict that Peloton Interactive will post -1.62 earnings per share for the current year.

Insider Activity at Peloton Interactive

In other news, CEO Karen Boone sold 14,841 shares of the firm’s stock in a transaction dated Monday, July 1st. The stock was sold at an average price of $3.31, for a total transaction of $49,123.71. Following the completion of the sale, the chief executive officer now directly owns 116,171 shares in the company, valued at $384,526.01. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, CEO Karen Boone sold 14,841 shares of the stock in a transaction that occurred on Monday, July 1st. The stock was sold at an average price of $3.31, for a total transaction of $49,123.71. Following the completion of the transaction, the chief executive officer now directly owns 116,171 shares in the company, valued at approximately $384,526.01. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider Andrew S. Rendich sold 27,741 shares of Peloton Interactive stock in a transaction on Monday, May 20th. The stock was sold at an average price of $3.91, for a total transaction of $108,467.31. Following the completion of the sale, the insider now owns 113,288 shares of the company’s stock, valued at approximately $442,956.08. The disclosure for this sale can be found here. In the last three months, insiders sold 66,441 shares of company stock valued at $244,496. Corporate insiders own 3.28% of the company’s stock.

Hedge Funds Weigh In On Peloton Interactive

Several large investors have recently modified their holdings of the stock. Charles Schwab Investment Management Inc. raised its stake in Peloton Interactive by 13.2% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 2,528,222 shares of the company’s stock valued at $15,397,000 after buying an additional 295,436 shares in the last quarter. Vanguard Group Inc. raised its position in shares of Peloton Interactive by 0.8% during the 3rd quarter. Vanguard Group Inc. now owns 29,603,777 shares of the company’s stock valued at $149,499,000 after acquiring an additional 248,314 shares in the last quarter. Versor Investments LP bought a new position in Peloton Interactive during the fourth quarter worth $202,000. Clear Harbor Asset Management LLC acquired a new position in Peloton Interactive in the fourth quarter worth $78,000. Finally, Seven Eight Capital LP bought a new stake in Peloton Interactive during the fourth quarter valued at $855,000. Institutional investors own 77.01% of the company’s stock.

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.