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

Peloton Interactive, Inc. (NASDAQ:PTON) has received a consensus recommendation of “Hold” from the twenty ratings firms that are covering the stock, 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 1 year price objective among brokerages that have covered the stock in the last year is $8.38.

A number of research firms recently issued reports on PTON. Macquarie reiterated a “neutral” rating and set a $9.00 price objective on shares of Peloton Interactive in a report on Monday, February 10th. The Goldman Sachs Group increased their price objective on Peloton Interactive from $8.00 to $10.00 and gave the stock a “neutral” rating in a report on Monday, February 10th. JMP Securities reiterated a “market perform” rating on shares of Peloton Interactive in a report on Friday, February 7th. Citigroup decreased their price target on Peloton Interactive from $11.00 to $10.00 and set a “neutral” rating for the company in a research note on Monday, February 10th. Finally, Truist Financial raised 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.

Peloton Interactive Price Performance

NASDAQ PTON opened at $9.77 on Friday. The firm has a market cap of $3.73 billion, a P/E ratio of -12.69 and a beta of 1.95. The stock’s 50-day moving average is $8.88 and its 200-day moving average is $6.79. Peloton Interactive has a one year low of $2.70 and a one year high of $10.90.

Peloton Interactive (NASDAQ:PTON) last posted its quarterly earnings data on Thursday, February 6th. The company reported ($0.24) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.20) by ($0.04). Equities analysts anticipate that Peloton Interactive will post -0.39 EPS for the current year.

Insider Buying and Selling

In related news, CEO Karen Boone sold 16,925 shares of Peloton Interactive stock in a transaction that occurred on Thursday, December 5th. The stock was sold at an average price of $9.64, for a total transaction of $163,157.00. Following the completion of the sale, 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 transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CAO Saqib Baig sold 36,776 shares of Peloton Interactive stock in a transaction that occurred on Monday, November 18th. The stock was sold at an average price of $7.53, for a total value of $276,923.28. Following the sale, the chief accounting officer now directly owns 137,357 shares of the company’s stock, valued at approximately $1,034,298.21. The trade was a 21.12 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 395,813 shares of company stock valued at $3,041,724. Insiders own 1.34% of the company’s stock.

Hedge Funds Weigh In On Peloton Interactive

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. raised its holdings in Peloton Interactive by 4.9% in the 4th quarter. Vanguard Group Inc. now owns 35,059,790 shares of the company’s stock valued at $305,020,000 after acquiring an additional 1,645,640 shares in the last quarter. T. Rowe Price Investment Management Inc. raised its holdings in Peloton Interactive by 38.0% in the 4th quarter. T. Rowe Price Investment Management Inc. now owns 16,820,256 shares of the company’s stock valued at $146,337,000 after acquiring an additional 4,635,667 shares in the last quarter. Gtcr LLC acquired a new position in Peloton Interactive in the 3rd quarter valued at $65,520,000. Hennessy Advisors Inc. acquired a new position in Peloton Interactive in the 4th quarter valued at $85,260,000. Finally, Geode Capital Management LLC raised its holdings in Peloton Interactive by 2.1% in the 4th quarter. Geode Capital Management LLC now owns 8,270,328 shares of the company’s stock valued at $71,969,000 after acquiring an additional 170,901 shares in the last quarter. 77.01% of the stock is owned by institutional investors and hedge funds.

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.