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

Peloton Interactive, Inc. (NASDAQ:PTON) has been assigned a consensus recommendation of “Hold” from the seventeen brokerages that are presently covering the firm, Marketbeat Ratings reports. One research analyst has rated the stock with a sell recommendation, eight have given a hold recommendation, seven have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1-year price objective among analysts that have updated their coverage on the stock in the last year is $8.4182.

Several analysts have recently weighed in on the company. Truist Financial reduced their target price on Peloton Interactive from $12.00 to $9.00 and set a “buy” rating for the company in a report on Friday, February 6th. Bank of America set a $9.00 price target on Peloton Interactive in a research note on Friday, January 30th. Guggenheim started coverage on Peloton Interactive in a research note on Wednesday, December 10th. They issued a “neutral” rating for the company. Citigroup decreased their price objective on Peloton Interactive from $8.25 to $5.00 and set a “neutral” rating for the company in a report on Thursday, February 12th. Finally, Telsey Advisory Group cut their target price on shares of Peloton Interactive from $8.00 to $6.00 and set a “market perform” rating on the stock in a report on Friday, February 6th.

Peloton Interactive Trading Down 1.4%

Shares of Peloton Interactive stock opened at $4.19 on Wednesday. The company has a fifty day simple moving average of $5.88 and a 200-day simple moving average of $6.97. The stock has a market cap of $1.78 billion, a price-to-earnings ratio of -32.23, a PEG ratio of 0.87 and a beta of 2.41. Peloton Interactive has a 12-month low of $4.08 and a 12-month high of $10.02.

Peloton Interactive (NASDAQ:PTON) last announced its quarterly earnings results on Thursday, February 5th. The company reported ($0.09) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.07) by ($0.02). The company had revenue of $656.50 million for the quarter, compared to analysts’ expectations of $675.04 million. During the same period in the previous year, the business posted ($0.24) earnings per share. Peloton Interactive’s revenue was down 2.5% compared to the same quarter last year. On average, analysts forecast that Peloton Interactive will post -0.36 earnings per share for the current fiscal year.

Insider Activity at Peloton Interactive

In other Peloton Interactive news, insider Jennifer Cunningham Cotter sold 131,495 shares of Peloton Interactive stock in a transaction on Thursday, November 20th. The shares were sold at an average price of $6.64, for a total value of $873,126.80. Following the transaction, the insider directly owned 100,269 shares in the company, valued at approximately $665,786.16. The trade was a 56.74% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, COO Charles Peter Kirol sold 22,520 shares of the company’s stock in a transaction dated Friday, January 16th. The shares were sold at an average price of $6.47, for a total transaction of $145,704.40. Following the completion of the sale, the chief operating officer directly owned 81,001 shares of the company’s stock, valued at $524,076.47. The trade was a 21.75% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 475,784 shares of company stock worth $3,156,629 in the last three months. Company insiders own 1.30% of the company’s stock.

Institutional Trading of Peloton Interactive

A number of hedge funds have recently added to or reduced their stakes in the stock. Vident Advisory LLC boosted its position in shares of Peloton Interactive by 1.1% in the second quarter. Vident Advisory LLC now owns 110,258 shares of the company’s stock worth $765,000 after buying an additional 1,180 shares during the period. Cresset Asset Management LLC raised its holdings in shares of Peloton Interactive by 11.9% during the 3rd quarter. Cresset Asset Management LLC now owns 12,748 shares of the company’s stock valued at $115,000 after buying an additional 1,354 shares during the period. Kirr Marbach & Co. LLC IN lifted its position in Peloton Interactive by 0.3% during the 3rd quarter. Kirr Marbach & Co. LLC IN now owns 471,946 shares of the company’s stock worth $4,248,000 after acquiring an additional 1,464 shares in the last quarter. Vise Technologies Inc. boosted its holdings in Peloton Interactive by 10.3% in the 3rd quarter. Vise Technologies Inc. now owns 15,680 shares of the company’s stock worth $141,000 after acquiring an additional 1,466 shares during the period. Finally, Principal Financial Group Inc. boosted its holdings in Peloton Interactive by 6.0% in the 3rd quarter. Principal Financial Group Inc. now owns 27,126 shares of the company’s stock worth $244,000 after acquiring an additional 1,526 shares during the period. 77.01% of the stock is owned by institutional investors and hedge funds.

About Peloton Interactive

Peloton Interactive, Inc operates a digital fitness platform that combines connected exercise equipment with live and on-demand workout classes. The company’s core products include stationary bikes (Peloton Bike and Bike+), treadmills (Peloton Tread and Tread+), and the Peloton Row. Each device integrates a touchscreen display that streams instructor-led cycling, running, strength, yoga, meditation and other fitness classes. Peloton generates recurring revenue through subscription plans, which grant users access to its growing library of workouts, performance tracking tools and community features.

Founded in 2012 by John Foley and headquartered in New York City, Peloton set out to deliver an immersive home-fitness experience by blending hardware, software and content.