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

Peloton Interactive, Inc. (NASDAQ:PTON) has been given an average rating of “Hold” by the eighteen ratings firms that are presently covering the firm, MarketBeat Ratings reports. Fifteen investment analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average 1-year price target among brokerages that have updated their coverage on the stock in the last year is $6.75.

A number of brokerages have issued reports on PTON. BMO Capital Markets raised their target price on Peloton Interactive from $6.50 to $8.50 and gave the stock a “market perform” rating in a report on Monday, November 4th. Robert W. Baird raised their target price on Peloton Interactive from $4.75 to $8.00 and gave the stock a “neutral” rating in a report on Friday, November 1st. TD Cowen raised their target price on Peloton Interactive from $3.00 to $4.00 and gave the stock a “hold” rating in a report on Friday, August 23rd. Morgan Stanley lifted their price objective on Peloton Interactive from $3.50 to $5.00 and gave the company an “equal weight” rating in a report on Friday, November 1st. Finally, Telsey Advisory Group lifted their price objective on Peloton Interactive from $5.00 to $9.00 and gave the company a “market perform” rating in a report on Friday, November 1st.

Peloton Interactive Stock Up 6.3 %

Shares of PTON stock opened at $10.34 on Monday. The stock has a 50-day moving average price of $6.72 and a 200 day moving average price of $4.78. The firm has a market cap of $3.94 billion, a price-to-earnings ratio of -9.66 and a beta of 1.93. Peloton Interactive has a 12 month low of $2.70 and a 12 month high of $10.39.

Peloton Interactive (NASDAQ:PTON) last announced its quarterly earnings data on Thursday, October 31st. The company reported ($0.16) EPS for the quarter, missing analysts’ consensus estimates of ($0.15) by ($0.01). The company had revenue of $586.00 million during the quarter, compared to analysts’ expectations of $572.97 million. During the same period last year, the firm posted ($0.44) EPS. The firm’s revenue for the quarter was down 1.6% on a year-over-year basis. Sell-side analysts predict that Peloton Interactive will post -0.38 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, CEO Karen Boone sold 13,484 shares of the business’s stock in a transaction on Friday, November 1st. The stock was sold at an average price of $8.27, for a total value of $111,512.68. Following the completion of the sale, the chief executive officer now directly owns 211,459 shares in the company, valued at $1,748,765.93. The trade was a 5.99 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CFO Elizabeth F. Coddington sold 186,462 shares of the business’s stock in a transaction on Monday, November 18th. The shares were sold at an average price of $7.58, for a total value of $1,413,381.96. Following the completion of the sale, the chief financial officer now owns 223,017 shares of the company’s stock, valued at $1,690,468.86. This trade represents a 45.54 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 506,517 shares of company stock valued at $3,524,339. 1.34% of the stock is owned by insiders.

Institutional Trading of Peloton Interactive

Several institutional investors have recently added to or reduced their stakes in PTON. Gtcr LLC bought a new stake in shares of Peloton Interactive during the 3rd quarter valued at $65,520,000. DME Capital Management LP bought a new stake in shares of Peloton Interactive during the 2nd quarter valued at $22,947,000. DNB Asset Management AS lifted its position in shares of Peloton Interactive by 42.4% during the 2nd quarter. DNB Asset Management AS now owns 12,130,553 shares of the company’s stock valued at $40,880,000 after acquiring an additional 3,611,069 shares during the period. Clearline Capital LP bought a new stake in shares of Peloton Interactive during the 2nd quarter valued at $7,527,000. Finally, Healthcare of Ontario Pension Plan Trust Fund bought a new stake in shares of Peloton Interactive during the 3rd quarter valued at $8,363,000. 77.01% of the stock is currently owned by institutional investors.

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.