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

Shares of Peloton Interactive, Inc. (NASDAQ:PTON) have earned an average rating of “Hold” from the twenty ratings firms that are presently covering the firm, Marketbeat reports. Fifteen analysts have rated the stock with a hold rating and five have issued a buy rating on the company. The average twelve-month target price among brokerages that have issued ratings on the stock in the last year is $8.69.

A number of equities analysts have commented on the stock. Citigroup decreased their price objective on shares of Peloton Interactive from $11.00 to $10.00 and set a “neutral” rating for the company in a report on Monday, February 10th. Needham & Company LLC reaffirmed a “hold” rating on shares of Peloton Interactive in a research report on Thursday, February 6th. Telsey Advisory Group reiterated a “market perform” rating and set a $11.00 price objective on shares of Peloton Interactive in a research note on Monday, February 3rd. JMP Securities restated a “market perform” rating on shares of Peloton Interactive in a research note on Friday, February 7th. Finally, UBS Group upgraded Peloton Interactive from a “sell” rating to a “neutral” rating and increased their price target for the stock from $2.50 to $10.00 in a research report on Friday, December 6th.

Insider Activity

In other Peloton Interactive news, insider Andrew S. Rendich sold 121,883 shares of the business’s stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $9.54, for a total value of $1,162,763.82. Following the sale, the insider now directly owns 404,188 shares in the company, valued at approximately $3,855,953.52. The trade was a 23.17 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Elizabeth F. Coddington sold 170,819 shares of the company’s stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $9.62, for a total transaction of $1,643,278.78. Following the completion of the sale, the chief financial officer now directly owns 275,212 shares of the company’s stock, valued at $2,647,539.44. The trade was a 38.30 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 691,597 shares of company stock worth $5,671,783 over the last three months. Corporate insiders own 1.34% of the company’s stock.

Institutional Trading of Peloton Interactive

Institutional investors have recently made changes to their positions in the stock. R Squared Ltd acquired a new position in Peloton Interactive in the 4th quarter valued at approximately $28,000. Point72 Asia Singapore Pte. Ltd. boosted its holdings in Peloton Interactive by 31.9% in the third quarter. Point72 Asia Singapore Pte. Ltd. now owns 6,605 shares of the company’s stock worth $31,000 after purchasing an additional 1,597 shares in the last quarter. Russell Investments Group Ltd. raised its holdings in Peloton Interactive by 969.6% during the fourth quarter. Russell Investments Group Ltd. now owns 4,011 shares of the company’s stock valued at $35,000 after buying an additional 3,636 shares in the last quarter. Comerica Bank boosted its stake in shares of Peloton Interactive by 29.1% during the 4th quarter. Comerica Bank now owns 6,164 shares of the company’s stock worth $54,000 after acquiring an additional 1,389 shares in the last quarter. Finally, Sanctuary Advisors LLC acquired a new position in shares of Peloton Interactive during the 3rd quarter valued at about $58,000. 77.01% of the stock is currently owned by institutional investors and hedge funds.

Peloton Interactive Stock Performance

Shares of Peloton Interactive stock opened at $6.30 on Friday. The firm has a market cap of $2.46 billion, a PE ratio of -8.18 and a beta of 1.95. Peloton Interactive has a 1 year low of $2.70 and a 1 year high of $10.90. The firm’s 50-day simple moving average is $7.73 and its 200-day simple moving average is $7.58.

Peloton Interactive (NASDAQ:PTON) last released its earnings results on Thursday, February 6th. The company reported ($0.24) EPS for the quarter, missing analysts’ consensus estimates of ($0.20) by ($0.04). On average, equities analysts predict that Peloton Interactive will post -0.36 earnings per share for the current year.

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.