Peloton Interactive, Inc. (NASDAQ:PTON) Receives $6.75 Average PT from Analysts

Peloton Interactive, Inc. (NASDAQ:PTON) has been assigned a consensus rating of “Hold” from the eighteen brokerages that are currently covering the firm, MarketBeat reports. Fifteen research analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average 1-year target price among analysts that have issued a report on the stock in the last year is $6.75.

A number of equities analysts have recently issued reports on PTON shares. Canaccord Genuity Group upped their target price on shares of Peloton Interactive from $4.00 to $5.00 and gave the stock a “hold” rating in a research report on Friday, August 23rd. Telsey Advisory Group upped their price objective on Peloton Interactive from $5.00 to $9.00 and gave the stock a “market perform” rating in a report on Friday, November 1st. Roth Mkm lifted their target price on Peloton Interactive from $5.00 to $6.00 and gave the company a “buy” rating in a research note on Friday, August 23rd. Truist Financial upped their price target on Peloton Interactive from $6.00 to $10.00 and gave the company a “hold” rating in a research note on Friday, November 1st. Finally, Sanford C. Bernstein lifted their price objective on Peloton Interactive from $4.25 to $6.50 and gave the stock a “market perform” rating in a research report on Friday, November 1st.

Peloton Interactive Stock Performance

Shares of NASDAQ:PTON opened at $9.73 on Monday. The company has a market capitalization of $3.71 billion, a PE ratio of -9.09 and a beta of 1.93. Peloton Interactive has a 52 week low of $2.70 and a 52 week high of $10.10. The company’s fifty day moving average is $6.51 and its 200-day moving average is $4.71.

Peloton Interactive (NASDAQ:PTON) last announced its earnings results on Thursday, October 31st. The company reported ($0.16) EPS for the quarter, missing the consensus estimate of ($0.15) by ($0.01). The firm had revenue of $586.00 million during the quarter, compared to analyst estimates of $572.97 million. During the same quarter in the prior year, the firm earned ($0.44) earnings per share. Peloton Interactive’s quarterly revenue was down 1.6% compared to the same quarter last year. On average, analysts forecast that Peloton Interactive will post -0.38 EPS for the current year.

Insider Buying and Selling

In other news, CEO Karen Boone sold 13,484 shares of Peloton Interactive stock in a transaction that occurred on Friday, November 1st. The shares were sold at an average price of $8.27, for a total value of $111,512.68. Following the sale, the chief executive officer now directly owns 211,459 shares in the company, valued at $1,748,765.93. This trade represents a 5.99 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Elizabeth F. Coddington sold 56,084 shares of the business’s stock in a transaction dated Tuesday, September 3rd. The stock was sold at an average price of $4.50, for a total transaction of $252,378.00. Following the sale, the chief financial officer now directly owns 186,466 shares in the company, valued at $839,097. This trade represents a 23.12 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 506,517 shares of company stock valued at $3,524,339. 1.34% of the stock is owned by company insiders.

Institutional Investors Weigh In On Peloton Interactive

Several hedge funds have recently bought and sold shares of the company. PDT Partners LLC raised its stake in Peloton Interactive by 0.7% in the 3rd quarter. PDT Partners LLC now owns 205,573 shares of the company’s stock valued at $962,000 after acquiring an additional 1,373 shares during the period. Point72 Asia Singapore Pte. Ltd. raised its holdings in Peloton Interactive by 31.9% in the 3rd quarter. Point72 Asia Singapore Pte. Ltd. now owns 6,605 shares of the company’s stock valued at $31,000 after acquiring an additional 1,597 shares during the period. Abundance Wealth Counselors lifted its position in Peloton Interactive by 24.7% during the second quarter. Abundance Wealth Counselors now owns 13,380 shares of the company’s stock worth $45,000 after acquiring an additional 2,654 shares during the last quarter. Signaturefd LLC grew its position in shares of Peloton Interactive by 2.7% in the second quarter. Signaturefd LLC now owns 113,645 shares of the company’s stock valued at $384,000 after purchasing an additional 3,032 shares during the last quarter. Finally, Arizona State Retirement System increased its stake in shares of Peloton Interactive by 3.8% during the second quarter. Arizona State Retirement System now owns 92,781 shares of the company’s stock worth $314,000 after purchasing an additional 3,377 shares during the period. 77.01% of the stock is currently owned by institutional investors and hedge funds.

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.