Analysts Set Peloton Interactive, Inc. (NASDAQ:PTON) PT at $35.72

Peloton Interactive, Inc. (NASDAQ:PTONGet 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

Several institutional investors have recently bought and sold shares of the business. Price T Rowe Associates Inc. MD lifted its position in Peloton Interactive by 9.3% during the second quarter. Price T Rowe Associates Inc. MD now owns 44,787,453 shares of the company’s stock valued at $411,149,000 after purchasing an additional 3,818,380 shares during the last quarter. Baillie Gifford & Co. increased its position in Peloton Interactive by 5.0% during the 1st quarter. Baillie Gifford & Co. now owns 33,191,671 shares of the company’s stock valued at $876,924,000 after purchasing an additional 1,582,414 shares during the period. Vanguard Group Inc. increased its position in Peloton Interactive by 3.4% during the 1st quarter. Vanguard Group Inc. now owns 25,768,977 shares of the company’s stock valued at $680,816,000 after purchasing an additional 851,812 shares during the period. Capital World Investors grew its position in shares of Peloton Interactive by 16.2% in the 1st quarter. Capital World Investors now owns 10,124,402 shares of the company’s stock worth $267,487,000 after buying an additional 1,411,171 shares during the last quarter. Finally, Dragoneer Investment Group LLC grew its position in shares of Peloton Interactive by 79.5% in the 1st quarter. Dragoneer Investment Group LLC now owns 8,672,304 shares of the company’s stock worth $229,122,000 after buying an additional 3,840,044 shares during the last quarter. Institutional investors own 79.40% of the company’s stock.

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:PTONGet 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

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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.

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Analyst Recommendations for Peloton Interactive (NASDAQ:PTON)

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