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

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

A number of research analysts have recently commented on the company. UBS Group reiterated a “buy” rating on shares of Peloton Interactive in a research note on Monday, June 15th. The Goldman Sachs Group lifted their target price on Peloton Interactive from $7.00 to $8.00 and gave the stock a “buy” rating in a report on Friday, May 8th. Telsey Advisory Group reiterated a “market perform” rating on shares of Peloton Interactive in a research report on Wednesday, May 27th. Weiss Ratings upgraded Peloton Interactive from a “sell (d)” rating to a “sell (d+)” rating in a research report on Tuesday, May 26th. Finally, Wall Street Zen upgraded Peloton Interactive from a “hold” rating to a “buy” rating in a research report on Saturday, May 16th.

Insider Buying and Selling at Peloton Interactive

In other Peloton Interactive news, COO Charles Peter Kirol sold 19,806 shares of the company’s stock in a transaction dated Thursday, April 16th. The stock was sold at an average price of $5.02, for a total value of $99,426.12. Following the sale, the chief operating officer owned 125,112 shares in the company, valued at approximately $628,062.24. The trade was a 13.67% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CFO Saqib Baig sold 5,000 shares of the company’s stock in a transaction dated Tuesday, June 9th. The shares were sold at an average price of $5.66, for a total value of $28,300.00. Following the completion of the sale, the chief financial officer owned 234,046 shares in the company, valued at $1,324,700.36. This trade represents a 2.09% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last quarter, insiders have sold 196,047 shares of company stock worth $1,024,633. Insiders own 1.30% of the company’s stock.

Institutional Investors Weigh In On Peloton Interactive

A number of institutional investors have recently made changes to their positions in the stock. Pacer Advisors Inc. grew its position in shares of Peloton Interactive by 40.6% in the 1st quarter. Pacer Advisors Inc. now owns 3,185,534 shares of the company’s stock valued at $13,666,000 after buying an additional 919,754 shares during the last quarter. NewEdge Advisors LLC grew its position in shares of Peloton Interactive by 21.8% in the 1st quarter. NewEdge Advisors LLC now owns 12,405 shares of the company’s stock valued at $53,000 after buying an additional 2,223 shares during the last quarter. Caerus Investment Advisors LLC bought a new stake in shares of Peloton Interactive in the 1st quarter valued at about $88,000. Avidity Partners Management LP bought a new position in shares of Peloton Interactive in the 1st quarter worth about $858,000. Finally, Bank of America Corp DE raised its position in shares of Peloton Interactive by 11.7% in the 1st quarter. Bank of America Corp DE now owns 1,640,981 shares of the company’s stock worth $7,040,000 after acquiring an additional 172,211 shares in the last quarter. Institutional investors own 77.01% of the company’s stock.

Peloton Interactive Stock Performance

Shares of PTON opened at $5.43 on Tuesday. Peloton Interactive has a 52 week low of $3.65 and a 52 week high of $9.20. The stock has a market capitalization of $2.35 billion, a price-to-earnings ratio of 135.78, a PEG ratio of 0.98 and a beta of 2.54. The stock has a fifty day moving average of $5.47 and a 200-day moving average of $5.30.

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