Peloton Interactive, Inc. (NASDAQ:PTON – Get Rating) has been assigned an average recommendation of “Hold” from the thirty-six ratings firms that are covering the company, Marketbeat.com reports. Two investment analysts have rated the stock with a sell recommendation, fifteen have issued a hold recommendation and seventeen have assigned a buy recommendation to the company. The average 12 month price target among brokerages that have updated their coverage on the stock in the last year is $35.72.
A number of brokerages have recently weighed in on PTON. Truist Financial cut their price objective on Peloton Interactive from $15.00 to $13.00 and set a “hold” rating on the stock in a research report on Monday, August 22nd. Needham & Company LLC dropped their price target on Peloton Interactive from $25.00 to $14.00 and set a “buy” rating for the company in a research note on Friday, August 26th. Credit Suisse Group dropped their price target on Peloton Interactive from $13.00 to $12.00 and set a “neutral” rating for the company in a research note on Friday, August 26th. Citigroup decreased their price objective on Peloton Interactive from $28.00 to $23.00 and set a “buy” rating for the company in a report on Friday, August 26th. Finally, Oppenheimer started coverage on Peloton Interactive in a report on Wednesday, August 3rd. They issued an “outperform” rating and a $20.00 price objective for the company.
Insider Buying and Selling
In other news, CAO Allen J. Klingsick sold 2,775 shares of Peloton Interactive stock in a transaction that occurred on Tuesday, August 16th. The shares were sold at an average price of $13.88, for a total transaction of $38,517.00. Following the sale, the chief accounting officer now owns 27,127 shares in the company, valued at $376,522.76. The transaction was disclosed in a document filed with the SEC, which is available at this link. In related news, CAO Allen J. Klingsick sold 2,775 shares of the firm’s stock in a transaction on Tuesday, August 16th. The shares were sold at an average price of $13.88, for a total transaction of $38,517.00. Following the completion of the transaction, the chief accounting officer now directly owns 27,127 shares of the company’s stock, valued at $376,522.76. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Kevin Cornils sold 7,037 shares of the firm’s stock in a transaction on Tuesday, August 16th. The shares were sold at an average price of $14.10, for a total transaction of $99,221.70. Following the transaction, the insider now directly owns 13,891 shares of the company’s stock, valued at $195,863.10. The disclosure for this sale can be found here. 13.18% of the stock is owned by insiders.
Hedge Funds Weigh In On Peloton Interactive
Peloton Interactive Stock Up 1.8 %
Peloton Interactive stock opened at $9.92 on Friday. Peloton Interactive has a 1-year low of $8.22 and a 1-year high of $104.13. The company has a current ratio of 2.38, a quick ratio of 1.38 and a debt-to-equity ratio of 2.62. The firm’s fifty day moving average price is $10.50 and its two-hundred day moving average price is $15.22. The firm has a market capitalization of $3.29 billion, a price-to-earnings ratio of -1.15 and a beta of 1.35.
Peloton Interactive (NASDAQ:PTON – Get Rating) last posted its quarterly earnings results on Thursday, August 25th. The company reported ($2.68) EPS for the quarter, missing analysts’ consensus estimates of ($0.70) by ($1.98). Peloton Interactive had a negative return on equity of 102.05% and a negative net margin of 78.64%. The company had revenue of $678.40 million during the quarter, compared to the consensus estimate of $682.93 million. During the same period in the previous year, the business earned ($1.05) earnings per share. Peloton Interactive’s revenue was down 27.6% on a year-over-year basis. On average, equities research analysts predict that Peloton Interactive will post -2.11 earnings per share for the current fiscal year.
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, and Peloton Tread+ names. It also provides connected fitness subscriptions for various household users, and access to various live and on-demand classes, as well as Peloton Digital app for connected fitness subscribers to provide access to its classes.
- Get a free copy of the StockNews.com research report on Peloton Interactive (PTON)
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