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

Peloton Interactive, Inc. (NASDAQ:PTON) has been given a consensus rating of “Hold” by the twenty-one analysts that are covering the stock, Marketbeat reports. Three investment analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and four have issued a buy rating on the company. The average twelve-month price objective among brokers that have updated their coverage on the stock in the last year is $5.11.

PTON has been the subject of several research analyst reports. Macquarie lowered their price objective on shares of Peloton Interactive from $4.50 to $2.53 and set a “neutral” rating for the company in a research report on Friday, May 3rd. The Goldman Sachs Group reduced their price objective on Peloton Interactive from $5.75 to $3.50 and set a “neutral” rating on the stock in a research note on Friday, May 3rd. Roth Mkm lowered their target price on Peloton Interactive from $7.00 to $5.00 and set a “buy” rating for the company in a research note on Friday, May 3rd. Needham & Company LLC reissued a “hold” rating on shares of Peloton Interactive in a report on Friday, May 3rd. Finally, Truist Financial decreased their price target on shares of Peloton Interactive from $7.00 to $6.00 and set a “hold” rating on the stock in a report on Friday, February 2nd.

Peloton Interactive Stock Performance

PTON opened at $3.94 on Thursday. The firm has a market cap of $1.45 billion, a P/E ratio of -1.87 and a beta of 2.01. The business’s fifty day moving average is $3.89 and its 200-day moving average is $4.85. Peloton Interactive has a 52-week low of $2.70 and a 52-week high of $9.87.

Peloton Interactive (NASDAQ:PTON) last announced its quarterly earnings data on Thursday, May 2nd. The company reported ($0.45) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.39) by ($0.06). The business had revenue of $717.70 million for the quarter, compared to analysts’ expectations of $720.85 million. The firm’s quarterly revenue was down 4.2% on a year-over-year basis. During the same quarter last year, the firm earned ($0.79) EPS. On average, research analysts predict that Peloton Interactive will post -1.61 earnings per share for the current fiscal year.

Insider Transactions at Peloton Interactive

In other news, CFO Elizabeth F. Coddington sold 8,977 shares of the stock in a transaction on Thursday, March 14th. The shares were sold at an average price of $4.34, for a total transaction of $38,960.18. Following the completion of the sale, the chief financial officer now directly owns 104,428 shares in the company, valued at $453,217.52. The transaction was disclosed in a filing with the SEC, which is available at this link. Corporate insiders own 3.28% of the company’s stock.

Hedge Funds Weigh In On Peloton Interactive

Several institutional investors have recently added to or reduced their stakes in the business. Rakuten Securities Inc. acquired a new position in shares of Peloton Interactive during the 4th quarter valued at $47,000. Johnson & White Wealth Management LLC acquired a new position in shares of Peloton Interactive during the first quarter valued at about $43,000. Abundance Wealth Counselors bought a new position in shares of Peloton Interactive during the 1st quarter worth about $46,000. Carl P. Sherr & Co. LLC acquired a new stake in shares of Peloton Interactive in the 3rd quarter valued at about $55,000. Finally, Clear Harbor Asset Management LLC bought a new stake in Peloton Interactive in the 4th quarter valued at about $78,000. 77.01% of the stock is 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.