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

Peloton Interactive, Inc. (NASDAQ:PTON) has been given a consensus rating of “Hold” by the fourteen research firms that are covering the firm, MarketBeat.com reports. One research analyst has rated the stock with a sell recommendation, eight have given a hold recommendation and five have issued a buy recommendation on the company. The average 1-year price objective among analysts that have updated their coverage on the stock in the last year is $8.25.

A number of brokerages have recently issued reports on PTON. Citigroup lowered their price target on Peloton Interactive from $8.25 to $5.00 and set a “neutral” rating on the stock in a research note on Thursday, February 12th. UBS Group reissued a “buy” rating on shares of Peloton Interactive in a research note on Tuesday, February 3rd. Weiss Ratings upgraded Peloton Interactive from a “sell (d)” rating to a “sell (d+)” rating in a report on Tuesday. Bank of America set a $9.00 target price on shares of Peloton Interactive in a research note on Friday, January 30th. Finally, The Goldman Sachs Group upped their target price on shares of Peloton Interactive from $7.00 to $8.00 and gave the stock a “buy” rating in a report on Friday, May 8th.

Insider Activity

In related news, insider Dion C. Sanders sold 112,523 shares of the company’s stock in a transaction dated Wednesday, May 20th. The shares were sold at an average price of $5.19, for a total transaction of $583,994.37. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, COO Charles Peter Kirol sold 19,806 shares of the stock in a transaction dated Thursday, April 16th. The shares were sold at an average price of $5.02, for a total transaction of $99,426.12. Following the completion of the sale, the chief operating officer owned 125,112 shares of the company’s stock, valued at approximately $628,062.24. The trade was a 13.67% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 255,498 shares of company stock valued at $1,245,332 in the last ninety days. 1.30% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Peloton Interactive

Institutional investors have recently added to or reduced their stakes in the stock. Royal Bank of Canada boosted its stake in Peloton Interactive by 342.6% during the first quarter. Royal Bank of Canada now owns 616,367 shares of the company’s stock worth $3,896,000 after buying an additional 477,106 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in Peloton Interactive by 2.4% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 290,981 shares of the company’s stock valued at $1,839,000 after buying an additional 6,921 shares in the last quarter. NewEdge Advisors LLC increased its stake in shares of Peloton Interactive by 3,132.6% in the 1st quarter. NewEdge Advisors LLC now owns 15,549 shares of the company’s stock worth $98,000 after acquiring an additional 15,068 shares during the last quarter. Goldman Sachs Group Inc. raised its holdings in shares of Peloton Interactive by 27.1% during the 1st quarter. Goldman Sachs Group Inc. now owns 7,056,642 shares of the company’s stock worth $44,598,000 after acquiring an additional 1,503,680 shares during the period. Finally, Caxton Associates LLP purchased a new position in shares of Peloton Interactive during the 1st quarter worth $282,000. Hedge funds and other institutional investors own 77.01% of the company’s stock.

Peloton Interactive Stock Up 1.0%

PTON opened at $6.04 on Friday. The company has a market cap of $2.62 billion, a PE ratio of 151.04, a price-to-earnings-growth ratio of 1.01 and a beta of 2.50. Peloton Interactive has a twelve month low of $3.65 and a twelve month high of $9.20. The company has a 50-day moving average price of $4.95 and a 200 day moving average price of $5.43.

Peloton Interactive (NASDAQ:PTON) last posted its quarterly earnings data on Thursday, May 7th. The company reported $0.06 EPS for the quarter, missing the consensus estimate of $0.07 by ($0.01). Peloton Interactive had a negative return on equity of 6.95% and a net margin of 0.94%.During the same period in the previous year, the business earned ($0.12) EPS. The business’s revenue was up 1.1% on a year-over-year basis. As a group, sell-side analysts expect that Peloton Interactive will post 0.13 earnings per share for the current year.

Peloton Interactive Company Profile

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.