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

Peloton Interactive, Inc. (NASDAQ:PTON) has been given an average rating of “Hold” by the sixteen ratings firms that are covering the company, Marketbeat.com reports. One analyst has rated the stock with a sell rating, seven have issued a hold rating and eight have assigned a buy rating to the company. The average 12 month price objective among brokerages that have issued a report on the stock in the last year is $9.8625.

A number of equities analysts have recently weighed in on PTON shares. Telsey Advisory Group reissued a “market perform” rating and issued a $9.00 price target on shares of Peloton Interactive in a report on Monday, November 3rd. Zacks Research cut Peloton Interactive from a “strong-buy” rating to a “hold” rating in a research report on Friday, November 7th. Weiss Ratings reissued a “sell (d-)” rating on shares of Peloton Interactive in a research note on Tuesday, October 14th. Macquarie raised their price target on shares of Peloton Interactive from $11.00 to $12.00 and gave the stock an “outperform” rating in a research note on Tuesday, November 11th. Finally, The Goldman Sachs Group reiterated a “buy” rating and set a $11.50 price target on shares of Peloton Interactive in a report on Thursday, October 2nd.

Insider Transactions at Peloton Interactive

In other Peloton Interactive news, COO Charles Peter Kirol sold 7,936 shares of Peloton Interactive stock in a transaction that occurred on Monday, November 17th. The shares were sold at an average price of $7.29, for a total value of $57,853.44. Following the completion of the sale, the chief operating officer directly owned 47,011 shares of the company’s stock, valued at approximately $342,710.19. The trade was a 14.44% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Nick V. Caldwell sold 68,262 shares of the stock in a transaction on Monday, November 17th. The stock was sold at an average price of $7.25, for a total value of $494,899.50. Following the transaction, the insider directly owned 788,858 shares in the company, valued at approximately $5,719,220.50. This represents a 7.96% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 1,860,696 shares of company stock worth $13,932,164 in the last three months. 1.30% of the stock is currently owned by company insiders.

Institutional Trading of Peloton Interactive

A number of hedge funds have recently added to or reduced their stakes in PTON. Swiss Life Asset Management Ltd acquired a new stake in shares of Peloton Interactive in the third quarter worth $160,000. Polar Asset Management Partners Inc. acquired a new position in shares of Peloton Interactive during the 3rd quarter valued at $1,158,000. CIBC Bancorp USA Inc. purchased a new stake in Peloton Interactive during the 3rd quarter worth $362,000. Advisory Services Network LLC purchased a new stake in Peloton Interactive during the 3rd quarter worth $48,000. Finally, Woodline Partners LP acquired a new stake in Peloton Interactive in the 3rd quarter valued at $11,417,000. 77.01% of the stock is owned by institutional investors and hedge funds.

Peloton Interactive Price Performance

PTON stock opened at $6.56 on Friday. The company’s 50 day simple moving average is $7.39 and its 200-day simple moving average is $7.28. Peloton Interactive has a 12 month low of $4.63 and a 12 month high of $10.90. The firm has a market capitalization of $2.74 billion, a PE ratio of -23.43, a P/E/G ratio of 1.94 and a beta of 2.46.

Peloton Interactive (NASDAQ:PTON) last posted its earnings results on Thursday, November 6th. The company reported $0.03 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.01 by $0.02. The company had revenue of $550.80 million during the quarter, compared to analysts’ expectations of $540.61 million. The firm’s quarterly revenue was down 6.0% on a year-over-year basis. As a group, sell-side analysts anticipate that Peloton Interactive will post -0.36 earnings per share for the current 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, Peloton Tread+, Peloton Guide, and Peloton Row names.