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

Peloton Interactive, Inc. (NASDAQ:PTON) has received a consensus recommendation of “Hold” from the twenty analysts that are presently covering the firm, Marketbeat Ratings reports. Sixteen research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average 12-month target price among analysts that have updated their coverage on the stock in the last year is $8.38.

A number of equities research analysts have recently issued reports on PTON shares. JMP Securities reaffirmed a “market perform” rating on shares of Peloton Interactive in a report on Friday, February 7th. Macquarie restated a “neutral” rating and issued a $9.00 target price on shares of Peloton Interactive in a research report on Monday. Argus raised shares of Peloton Interactive from a “hold” rating to a “buy” rating and set a $15.00 price objective for the company in a research note on Tuesday. Bank of America upgraded Peloton Interactive from an “underperform” rating to a “buy” rating and lifted their target price for the company from $3.75 to $9.00 in a report on Monday, November 4th. Finally, Morgan Stanley boosted their price target on shares of Peloton Interactive from $3.50 to $5.00 and gave the stock an “equal weight” rating in a report on Friday, November 1st.

Peloton Interactive Stock Up 5.0 %

PTON stock opened at $9.18 on Friday. Peloton Interactive has a 52 week low of $2.70 and a 52 week high of $10.90. The stock has a market capitalization of $3.50 billion, a PE ratio of -11.92 and a beta of 1.95. The firm has a 50 day moving average of $8.88 and a 200 day moving average of $6.75.

Peloton Interactive (NASDAQ:PTON) last issued its earnings results on Thursday, February 6th. The company reported ($0.24) EPS for the quarter, missing analysts’ consensus estimates of ($0.20) by ($0.04). On average, equities research analysts expect that Peloton Interactive will post -0.39 earnings per share for the current year.

Insider Transactions at Peloton Interactive

In other news, CFO Elizabeth F. Coddington sold 186,462 shares of Peloton Interactive stock in a transaction that occurred on Monday, November 18th. The shares were sold at an average price of $7.58, for a total value of $1,413,381.96. Following the completion of the sale, the chief financial officer now directly owns 223,017 shares in the company, valued at approximately $1,690,468.86. The trade was a 45.54 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Karen Boone sold 16,925 shares of the business’s stock in a transaction dated Thursday, December 5th. The shares were sold at an average price of $9.64, for a total value of $163,157.00. Following the completion of the transaction, the chief executive officer now directly owns 228,217 shares of the company’s stock, valued at approximately $2,200,011.88. This trade represents a 6.90 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 395,813 shares of company stock valued at $3,041,724 over the last 90 days. 1.34% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in PTON. Connor Clark & Lunn Investment Management Ltd. acquired a new position in shares of Peloton Interactive during the third quarter worth $5,724,000. Gtcr LLC bought a new position in Peloton Interactive in the third quarter worth approximately $65,520,000. Two Sigma Advisers LP grew its position in Peloton Interactive by 2.9% in the 3rd quarter. Two Sigma Advisers LP now owns 7,440,900 shares of the company’s stock valued at $34,823,000 after purchasing an additional 206,500 shares during the period. Versor Investments LP acquired a new position in shares of Peloton Interactive during the third quarter valued at about $415,000. Finally, Franklin Resources Inc. acquired a new position in Peloton Interactive during the 3rd quarter valued at about $505,000. Institutional investors own 77.01% of the company’s stock.

Peloton Interactive Company Profile

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.