Brokerages Set Peloton Interactive, Inc. (NASDAQ:PTON) Target Price at $8.30

Peloton Interactive, Inc. (NASDAQ:PTON) has received a consensus recommendation of “Hold” from the twenty ratings firms that are currently covering the stock, Marketbeat reports. Thirteen equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The average 1 year target price among analysts that have issued a report on the stock in the last year is $8.30.

Several research firms have recently issued reports on PTON. Truist Financial raised Peloton Interactive from a “hold” rating to a “buy” rating and set a $11.00 price target for the company in a research note on Monday, April 28th. JMP Securities reaffirmed a “market perform” rating on shares of Peloton Interactive in a research note on Monday, April 14th. Needham & Company LLC reaffirmed a “hold” rating on shares of Peloton Interactive in a research note on Friday, May 9th. The Goldman Sachs Group decreased their target price on Peloton Interactive from $10.00 to $7.00 and set a “neutral” rating for the company in a research note on Friday, May 9th. Finally, Bank of America decreased their target price on Peloton Interactive from $11.50 to $9.50 and set a “buy” rating for the company in a research note on Tuesday, April 15th.

Insider Activity

In related news, insider Dion C. Sanders sold 122,036 shares of the stock in a transaction dated Friday, May 16th. The stock was sold at an average price of $6.25, for a total value of $762,725.00. Following the completion of the sale, the insider now directly owns 114,318 shares of the company’s stock, valued at approximately $714,487.50. This represents a 51.63% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Jennifer Cunningham Cotter sold 145,622 shares of the stock in a transaction dated Friday, May 16th. The stock was sold at an average price of $6.25, for a total value of $910,137.50. Following the completion of the sale, the insider now directly owns 235,439 shares of the company’s stock, valued at approximately $1,471,493.75. This represents a 38.21% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 453,319 shares of company stock valued at $2,840,670 over the last three months. Insiders own 1.34% of the company’s stock.

Institutional Investors Weigh In On Peloton Interactive

Hedge funds have recently bought and sold shares of the business. Russell Investments Group Ltd. lifted its stake in Peloton Interactive by 969.6% in the 4th quarter. Russell Investments Group Ltd. now owns 4,011 shares of the company’s stock worth $35,000 after acquiring an additional 3,636 shares in the last quarter. FNY Investment Advisers LLC purchased a new stake in Peloton Interactive in the 1st quarter worth about $37,000. Comerica Bank lifted its stake in Peloton Interactive by 29.1% in 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. Nisa Investment Advisors LLC lifted its stake in Peloton Interactive by 40.2% in the 1st quarter. Nisa Investment Advisors LLC now owns 6,503 shares of the company’s stock worth $41,000 after acquiring an additional 1,864 shares in the last quarter. Finally, SBI Securities Co. Ltd. purchased a new stake in Peloton Interactive in the 4th quarter worth about $69,000. 77.01% of the stock is owned by hedge funds and other institutional investors.

Peloton Interactive Stock Performance

NASDAQ:PTON opened at $6.96 on Friday. Peloton Interactive has a 1 year low of $2.83 and a 1 year high of $10.90. The stock has a market cap of $2.71 billion, a price-to-earnings ratio of -9.04 and a beta of 2.15. The business has a fifty day moving average of $6.57 and a 200-day moving average of $7.62.

Peloton Interactive (NASDAQ:PTON) last released its quarterly earnings results on Thursday, May 8th. The company reported ($0.12) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.06) by ($0.06). The firm had revenue of $624.00 million during the quarter, compared to the consensus estimate of $620.39 million. During the same period last year, the firm posted ($0.45) earnings per share. The business’s quarterly revenue was down 13.1% on a year-over-year basis. On average, equities research analysts predict that Peloton Interactive will post -0.36 EPS 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.