Peloton Interactive, Inc. (NASDAQ:PTON) Receives $8.25 Consensus PT from Brokerages

Peloton Interactive, Inc. (NASDAQ:PTON) has been assigned a consensus recommendation of “Hold” from the fourteen brokerages that are presently covering the stock, MarketBeat.com reports. One research analyst has rated the stock with a sell recommendation, eight have given a hold recommendation and five have given a buy recommendation to the company. The average twelve-month price target among brokers that have issued ratings on the stock in the last year is $8.25.

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

Insider Activity

In other Peloton Interactive news, CFO Saqib Baig sold 5,000 shares of the firm’s stock in a transaction dated Tuesday, June 9th. The shares were sold at an average price of $5.66, for a total transaction of $28,300.00. Following the completion of the sale, the chief financial officer directly owned 234,046 shares in the company, valued at approximately $1,324,700.36. This trade represents a 2.09% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Dion C. Sanders sold 112,523 shares of Peloton Interactive stock in a transaction dated Wednesday, May 20th. The stock was sold at an average price of $5.19, for a total transaction of $583,994.37. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 172,571 shares of company stock worth $906,269 over the last three months. 1.30% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Peloton Interactive

A number of hedge funds have recently added to or reduced their stakes in the company. Handelsbanken Fonder AB lifted its position in Peloton Interactive by 21.9% in the 2nd quarter. Handelsbanken Fonder AB now owns 119,100 shares of the company’s stock valued at $704,000 after acquiring an additional 21,400 shares in the last quarter. Sage Capital Advisors llc bought a new stake in shares of Peloton Interactive in the 2nd quarter worth $163,000. GAMMA Investing LLC raised its stake in shares of Peloton Interactive by 232.0% in the second quarter. GAMMA Investing LLC now owns 4,399 shares of the company’s stock worth $26,000 after purchasing an additional 3,074 shares during the last quarter. Pacer Advisors Inc. raised its stake in shares of Peloton Interactive by 40.6% in the first quarter. Pacer Advisors Inc. now owns 3,185,534 shares of the company’s stock worth $13,666,000 after purchasing an additional 919,754 shares during the last quarter. Finally, NewEdge Advisors LLC lifted its holdings in shares of Peloton Interactive by 21.8% during the first quarter. NewEdge Advisors LLC now owns 12,405 shares of the company’s stock valued at $53,000 after purchasing an additional 2,223 shares in the last quarter. 77.01% of the stock is currently owned by hedge funds and other institutional investors.

Peloton Interactive Price Performance

NASDAQ:PTON opened at $6.52 on Friday. Peloton Interactive has a one year low of $3.65 and a one year high of $9.20. The company’s 50-day simple moving average is $5.78 and its 200 day simple moving average is $5.24. The firm has a market capitalization of $2.82 billion, a P/E ratio of 163.04, a PEG ratio of 0.45 and a beta of 2.52.

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