Peloton Interactive, Inc. (NASDAQ:PTON) Given Consensus Recommendation of “Hold” by Analysts

Peloton Interactive, Inc. (NASDAQ:PTON) has received an average rating of “Hold” from the nineteen brokerages that are covering the stock, Marketbeat.com reports. Sixteen 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 objective among brokers that have covered the stock in the last year is $6.97.

A number of research firms recently issued reports on PTON. JPMorgan Chase & Co. boosted their price objective on Peloton Interactive from $5.00 to $7.00 and gave the company a “neutral” rating in a research report on Friday, November 1st. Bank of America raised shares of Peloton Interactive from an “underperform” rating to a “buy” rating and increased their price objective for the stock from $3.75 to $9.00 in a report on Monday, November 4th. Morgan Stanley boosted their target price on shares of Peloton Interactive from $3.50 to $5.00 and gave the company an “equal weight” rating in a research note on Friday, November 1st. Needham & Company LLC restated a “hold” rating on shares of Peloton Interactive in a research note on Friday, November 1st. Finally, Robert W. Baird boosted their price objective on Peloton Interactive from $4.75 to $8.00 and gave the stock a “neutral” rating in a research report on Friday, November 1st.

Insider Transactions at Peloton Interactive

In related news, CAO Saqib Baig sold 36,776 shares of the company’s stock in a transaction on Monday, November 18th. The stock was sold at an average price of $7.53, for a total transaction of $276,923.28. Following the transaction, the chief accounting officer now directly owns 137,357 shares of the company’s stock, valued at approximately $1,034,298.21. The trade was a 21.12 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Chris Bruzzo sold 24,977 shares of the firm’s stock in a transaction dated Friday, October 18th. The stock was sold at an average price of $5.80, for a total value of $144,866.60. Following the sale, the chief executive officer now owns 149,240 shares of the company’s stock, valued at $865,592. The trade was a 14.34 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 430,539 shares of company stock valued at $3,260,596 over the last three months. Company insiders own 1.34% of the company’s stock.

Institutional Trading of Peloton Interactive

A number of hedge funds have recently made changes to their positions in the stock. Mercer Global Advisors Inc. ADV acquired a new position in Peloton Interactive in the 2nd quarter valued at approximately $27,000. Skylands Capital LLC acquired a new position in shares of Peloton Interactive in the second quarter worth $30,000. Point72 Asia Singapore Pte. Ltd. raised its holdings in shares of Peloton Interactive by 31.9% during the third quarter. Point72 Asia Singapore Pte. Ltd. now owns 6,605 shares of the company’s stock worth $31,000 after acquiring an additional 1,597 shares in the last quarter. Nisa Investment Advisors LLC boosted its position in Peloton Interactive by 1,836.7% during the second quarter. Nisa Investment Advisors LLC now owns 9,490 shares of the company’s stock valued at $32,000 after purchasing an additional 9,000 shares during the last quarter. Finally, Schneider Downs Wealth Management Advisors LP acquired a new stake in Peloton Interactive during the second quarter valued at $35,000. 77.01% of the stock is owned by hedge funds and other institutional investors.

Peloton Interactive Price Performance

PTON stock opened at $10.27 on Friday. The firm has a market cap of $3.92 billion, a price-to-earnings ratio of -9.60 and a beta of 1.90. Peloton Interactive has a 1-year low of $2.70 and a 1-year high of $10.90. The firm has a fifty day moving average price of $8.55 and a two-hundred day moving average price of $5.59.

Peloton Interactive (NASDAQ:PTON) last posted its quarterly earnings results on Thursday, October 31st. The company reported ($0.16) EPS for the quarter, missing the consensus estimate of ($0.15) by ($0.01). The firm had revenue of $586.00 million for the quarter, compared to analyst estimates of $572.97 million. The business’s revenue for the quarter was down 1.6% on a year-over-year basis. During the same period in the previous year, the business earned ($0.44) earnings per share. As a group, analysts expect that Peloton Interactive will post -0.38 EPS for the current fiscal year.

Peloton Interactive Company Profile

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.