Peloton Interactive, Inc. (NASDAQ:PTON) Stock Has Average Price Target of $7.72 According to Analysts

Peloton Interactive, Inc. (NASDAQ:PTON) has received an average recommendation of “Hold” from the twelve ratings firms that are currently covering the firm, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, seven have given a hold recommendation and four have assigned a buy recommendation to the company. The average 12-month price target among analysts that have issued ratings on the stock in the last year is $7.56.

A number of analysts recently commented on PTON shares. UBS Group dropped their price target on Peloton Interactive from $11.00 to $10.00 and set a “buy” rating for the company in a research note on Tuesday, September 8th. Morgan Stanley lowered shares of Peloton Interactive from an “equal weight” rating to an “underweight” rating and decreased their price objective for the stock from $5.00 to $4.50 in a report on Tuesday, September 8th. Telsey Advisory Group reaffirmed a “market perform” rating on shares of Peloton Interactive in a research report on Monday, August 3rd. Weiss Ratings raised shares of Peloton Interactive from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Friday, October 2nd. Finally, The Goldman Sachs Group cut their target price on shares of Peloton Interactive from $7.50 to $6.50 and set a “buy” rating on the stock in a research note on Monday.

Insider Activity at Peloton Interactive

In other Peloton Interactive news, Director Karen Boone sold 25,000 shares of Peloton Interactive stock in a transaction that occurred on Monday, August 17th. The stock was sold at an average price of $5.35, for a total transaction of $133,750.00. Following the sale, the director directly owned 236,063 shares of the company’s stock, valued at approximately $1,262,937.05. The trade was a 9.58% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Dion C. Sanders sold 112,512 shares of the company’s stock in a transaction that occurred on Wednesday, August 19th. The stock was sold at an average price of $5.45, for a total value of $613,190.40. Following the transaction, the insider owned 18,801 shares in the company, valued at $102,465.45. This trade represents a 85.68% 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. Insiders sold 217,712 shares of company stock valued at $1,177,289 in the last three months. Corporate insiders own 1.30% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the company. State of Wyoming grew its position in shares of Peloton Interactive by 56.0% in the 3rd quarter. State of Wyoming now owns 133,455 shares of the company’s stock worth $666,000 after buying an additional 47,928 shares during the period. Fifth Third Wealth Advisors LLC increased its stake in shares of Peloton Interactive by 92.8% in the 3rd quarter. Fifth Third Wealth Advisors LLC now owns 24,364 shares of the company’s stock worth $122,000 after acquiring an additional 11,725 shares in the last quarter. Sterling Capital Management LLC boosted its stake in Peloton Interactive by 37.0% during the third quarter. Sterling Capital Management LLC now owns 10,218 shares of the company’s stock worth $51,000 after acquiring an additional 2,759 shares in the last quarter. Kirr Marbach & Co. LLC IN boosted its stake in Peloton Interactive by 1.4% during the third quarter. Kirr Marbach & Co. LLC IN now owns 491,557 shares of the company’s stock worth $2,453,000 after acquiring an additional 6,992 shares in the last quarter. Finally, Abel Hall LLC grew its holdings in Peloton Interactive by 40.2% in the third quarter. Abel Hall LLC now owns 26,989 shares of the company’s stock worth $135,000 after purchasing an additional 7,742 shares during the period. Institutional investors own 77.01% of the company’s stock.

Peloton Interactive Price Performance

PTON opened at $5.27 on Monday. The business has a 50 day simple moving average of $5.14 and a two-hundred day simple moving average of $5.25. The firm has a market capitalization of $2.31 billion, a price-to-earnings ratio of 43.92, a PEG ratio of 0.42 and a beta of 2.54. Peloton Interactive has a one year low of $3.65 and a one year high of $7.92.

Peloton Interactive (NASDAQ:PTON) last issued its quarterly earnings data on Thursday, August 6th. The company reported $0.13 earnings per share 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 analyst estimates of $596.60 million. During the same period last year, the company earned $0.05 EPS. The business’s quarterly revenue was up .1% compared to the same quarter last year. As a group, sell-side analysts expect that Peloton Interactive will post 0.31 EPS for the current fiscal year.

About Peloton Interactive

Peloton Interactive, Inc is a connected-fitness company that combines exercise equipment, digital content and subscription services. Its product portfolio includes the Peloton Bike, Bike+, Tread treadmill, Row rowing machine and related accessories, apparel and fitness products. The company’s equipment is designed to connect users with live and on-demand instructor-led workouts through integrated screens and digital platforms.

Peloton offers subscription memberships that provide access to classes in cycling, running, strength training, yoga, meditation, rowing and other fitness disciplines.