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

Peloton Interactive, Inc. (NASDAQ:PTON) has received a consensus rating of “Hold” from the thirteen analysts that are currently covering the firm, MarketBeat reports. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and five have assigned a buy rating to the company. The average 12 month price objective among brokers that have issued a report on the stock in the last year is $7.9444.

A number of equities analysts recently commented on the company. UBS Group reaffirmed a “buy” rating on shares of Peloton Interactive in a report on Monday, June 15th. Wall Street Zen upgraded Peloton Interactive from a “hold” rating to a “buy” rating in a research report on Saturday, May 16th. Weiss Ratings raised Peloton Interactive from a “sell (d)” rating to a “sell (d+)” rating in a research report on Tuesday, May 26th. Telsey Advisory Group reiterated a “market perform” rating on shares of Peloton Interactive in a research note on Monday, August 3rd. Finally, The Goldman Sachs Group boosted their price objective on Peloton Interactive from $7.00 to $8.00 and gave the company a “buy” rating in a research note on Friday, May 8th.

Insider Transactions at Peloton Interactive

In other Peloton Interactive news, CFO Saqib Baig sold 5,973 shares of the company’s stock in a transaction that occurred on Wednesday, May 20th. The stock was sold at an average price of $5.19, for a total value of $30,999.87. Following the completion of the transaction, the chief financial officer directly owned 244,046 shares in the company, valued at $1,266,598.74. This represents a 2.39% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Dion C. Sanders sold 112,523 shares of the stock in a transaction that occurred on Wednesday, May 20th. The shares were sold at an average price of $5.19, for a total transaction of $583,994.37. 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 ninety days, insiders sold 131,694 shares of company stock valued at $691,299. Corporate insiders own 1.30% of the company’s stock.

Hedge Funds Weigh In On Peloton Interactive

Several institutional investors have recently bought and sold shares of PTON. Royal Bank of Canada lifted its stake in Peloton Interactive by 342.6% in the 1st quarter. Royal Bank of Canada now owns 616,367 shares of the company’s stock worth $3,896,000 after purchasing an additional 477,106 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in shares of Peloton Interactive by 2.4% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 290,981 shares of the company’s stock worth $1,839,000 after purchasing an additional 6,921 shares during the last quarter. NewEdge Advisors LLC increased its holdings in shares of Peloton Interactive by 3,132.6% in the first quarter. NewEdge Advisors LLC now owns 15,549 shares of the company’s stock worth $98,000 after purchasing an additional 15,068 shares during the last quarter. Goldman Sachs Group Inc. increased its holdings in shares of Peloton Interactive by 27.1% in the first quarter. Goldman Sachs Group Inc. now owns 7,056,642 shares of the company’s stock worth $44,598,000 after purchasing an additional 1,503,680 shares during the last quarter. Finally, Caxton Associates LLP purchased a new stake in shares of Peloton Interactive in the first quarter worth about $282,000. 77.01% of the stock is owned by hedge funds and other institutional investors.

Peloton Interactive Stock Performance

Peloton Interactive stock opened at $5.63 on Wednesday. Peloton Interactive has a 12 month low of $3.65 and a 12 month high of $9.20. The stock has a fifty day simple moving average of $5.92 and a two-hundred day simple moving average of $5.21. The firm has a market cap of $2.47 billion, a price-to-earnings ratio of 46.92, a PEG ratio of 0.36 and a beta of 2.52.

Peloton Interactive (NASDAQ:PTON) last released its quarterly earnings results on Thursday, August 6th. The company reported $0.13 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.11 by $0.02. Peloton Interactive had a negative return on equity of 23.92% and a net margin of 2.58%.The firm had revenue of $607.70 million for the quarter, compared to the consensus estimate of $596.60 million. During the same period last year, the business posted $0.05 EPS. The company’s revenue for the quarter was up .1% on a year-over-year basis. On average, equities research analysts forecast that Peloton Interactive will post 0.31 EPS for the current fiscal year.

About Peloton Interactive

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.