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

Peloton Interactive, Inc. (NASDAQ:PTON) has been given an average recommendation of “Hold” by the fourteen analysts that are covering the firm, MarketBeat.com reports. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and five have assigned a buy rating to the company. The average 12-month target price among analysts that have issued a report on the stock in the last year is $8.25.

PTON has been the topic of several analyst reports. Wall Street Zen upgraded shares of Peloton Interactive from a “hold” rating to a “buy” rating in a report on Saturday, May 16th. Weiss Ratings raised shares of Peloton Interactive from a “sell (d)” rating to a “sell (d+)” rating in a research note on Tuesday, May 26th. Telsey Advisory Group restated a “market perform” rating on shares of Peloton Interactive in a research report on Wednesday, May 27th. UBS Group reaffirmed a “buy” rating on shares of Peloton Interactive in a research note on Monday, June 15th. Finally, The Goldman Sachs Group increased their price target on Peloton Interactive from $7.00 to $8.00 and gave the stock a “buy” rating in a report on Friday, May 8th.

Peloton Interactive Stock Down 2.7%

NASDAQ PTON opened at $6.12 on Friday. Peloton Interactive has a 52 week low of $3.65 and a 52 week high of $9.20. The firm has a market capitalization of $2.65 billion, a price-to-earnings ratio of 153.04, a PEG ratio of 0.47 and a beta of 2.52. The company has a fifty day moving average of $5.75 and a two-hundred day moving average of $5.25.

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

Insiders Place Their Bets

In other Peloton Interactive news, insider Dion C. Sanders sold 112,523 shares of the company’s stock in a transaction on Wednesday, May 20th. The stock was sold at an average price of $5.19, for a total value of $583,994.37. The sale was disclosed in a filing with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Saqib Baig sold 29,075 shares of the stock in a transaction on Monday, May 18th. The stock was sold at an average price of $5.27, for a total value of $153,225.25. Following the completion of the sale, the chief financial officer owned 250,019 shares in the company, valued at approximately $1,317,600.13. The trade was a 10.42% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders have sold 176,241 shares of company stock valued at $925,207. 1.30% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in PTON. Hennessy Advisors Inc. bought a new position in shares of Peloton Interactive during the fourth quarter valued at approximately $30,533,000. Jackson Creek Investment Advisors LLC bought a new position in Peloton Interactive in the fourth quarter worth approximately $1,110,000. Vanguard Group Inc. raised its stake in Peloton Interactive by 1.5% in the fourth quarter. Vanguard Group Inc. now owns 39,227,591 shares of the company’s stock worth $241,642,000 after buying an additional 591,300 shares in the last quarter. Jupiter Asset Management Ltd. lifted its holdings in Peloton Interactive by 18.3% during the fourth quarter. Jupiter Asset Management Ltd. now owns 1,849,503 shares of the company’s stock worth $11,393,000 after buying an additional 286,254 shares during the period. Finally, Bastion Asset Management Inc. purchased a new stake in Peloton Interactive during the first quarter worth $7,020,000. 77.01% of the stock is currently owned by institutional investors.

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.