Analysts Set Peloton Interactive, Inc. (NASDAQ:PTON) Target Price at $6.97

Peloton Interactive, Inc. (NASDAQ:PTON) has earned an average recommendation of “Hold” from the nineteen analysts that are presently covering the company, MarketBeat Ratings reports. Sixteen analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average 12 month price target among brokerages that have issued a report on the stock in the last year is $6.97.

Several equities analysts have commented on the company. Morgan Stanley raised their price objective on Peloton Interactive from $3.50 to $5.00 and gave the company an “equal weight” rating in a research report on Friday, November 1st. Truist Financial boosted their price objective on shares of Peloton Interactive from $6.00 to $10.00 and gave the stock a “hold” rating in a research note on Friday, November 1st. Macquarie lifted their target price on shares of Peloton Interactive from $4.90 to $9.00 and gave the company a “neutral” rating in a report on Friday, November 1st. Sanford C. Bernstein boosted their price target 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. Finally, UBS Group raised Peloton Interactive from a “sell” rating to a “neutral” rating and raised their price objective for the company from $2.50 to $10.00 in a research report on Friday, December 6th.

Peloton Interactive Stock Performance

NASDAQ PTON opened at $8.27 on Tuesday. The stock has a market cap of $3.15 billion, a P/E ratio of -7.73 and a beta of 1.95. Peloton Interactive has a fifty-two week low of $2.70 and a fifty-two week high of $10.90. The stock has a 50 day simple moving average of $9.15 and a two-hundred day simple moving average of $6.17.

Peloton Interactive (NASDAQ:PTON) last released its quarterly earnings results on Thursday, October 31st. The company reported ($0.16) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.15) by ($0.01). The company had revenue of $586.00 million for the quarter, compared to the consensus estimate of $572.97 million. Peloton Interactive’s quarterly revenue was down 1.6% compared to the same quarter last year. During the same period in the prior year, the firm posted ($0.44) earnings per share. Sell-side analysts predict that Peloton Interactive will post -0.39 earnings per share for the current year.

Insider Activity

In related news, insider Andrew S. Rendich sold 138,391 shares of Peloton Interactive stock in a transaction on Monday, November 18th. The stock was sold at an average price of $7.51, for a total value of $1,039,316.41. Following the completion of the sale, the insider now owns 287,973 shares of the company’s stock, valued at $2,162,677.23. The trade was a 32.46 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Karen Boone sold 13,484 shares of the firm’s stock in a transaction dated Friday, November 1st. The stock was sold at an average price of $8.27, for a total value of $111,512.68. Following the completion of the transaction, the chief executive officer now directly owns 211,459 shares in the company, valued at $1,748,765.93. The trade was a 5.99 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 422,821 shares of company stock valued at $3,264,674 over the last three months. Insiders own 1.34% of the company’s stock.

Institutional Trading of Peloton Interactive

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in PTON. Wealthcare Advisory Partners LLC bought a new stake in shares of Peloton Interactive during the 4th quarter valued at $104,000. Hennessy Advisors Inc. bought a new stake in Peloton Interactive during the fourth quarter valued at about $85,260,000. Assenagon Asset Management S.A. purchased a new stake in Peloton Interactive in the fourth quarter worth about $39,992,000. Everence Capital Management Inc. bought a new position in shares of Peloton Interactive in the fourth quarter worth about $125,000. Finally, Franklin Resources Inc. purchased a new position in shares of Peloton Interactive during the 3rd quarter valued at about $505,000. 77.01% of the stock is owned by hedge funds and other institutional investors.

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.