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

Peloton Interactive, Inc. (NASDAQ:PTON) has received an average rating of “Hold” from the nineteen analysts that are presently covering the stock, Marketbeat reports. Sixteen research analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average twelve-month price objective among brokers that have issued ratings on the stock in the last year is $6.97.

Several brokerages have recently commented on PTON. Morgan Stanley boosted their price objective on Peloton Interactive from $3.50 to $5.00 and gave the company an “equal weight” rating in a research report on Friday, November 1st. BMO Capital Markets boosted their target price on Peloton Interactive from $6.50 to $8.50 and gave the stock a “market perform” rating in a research report on Monday, November 4th. JPMorgan Chase & Co. boosted their target price on Peloton Interactive from $5.00 to $7.00 and gave the stock a “neutral” rating in a research report on Friday, November 1st. Needham & Company LLC reiterated a “hold” rating on shares of Peloton Interactive in a research report on Friday, November 1st. Finally, UBS Group upgraded Peloton Interactive from a “sell” rating to a “neutral” rating and boosted their target price for the stock from $2.50 to $10.00 in a research report on Friday, December 6th.

Peloton Interactive Stock Down 2.6 %

Shares of Peloton Interactive stock opened at $8.27 on Tuesday. The stock’s 50-day simple moving average is $9.15 and its 200-day simple moving average is $6.20. Peloton Interactive has a 52 week low of $2.70 and a 52 week high of $10.90. The company has a market capitalization of $3.15 billion, a price-to-earnings ratio of -7.73 and a beta of 1.95.

Peloton Interactive (NASDAQ:PTON) last announced its quarterly earnings data 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 during the quarter, compared to analyst estimates of $572.97 million. During the same quarter last year, the firm earned ($0.44) EPS. The firm’s quarterly revenue was down 1.6% on a year-over-year basis. On average, equities analysts expect that Peloton Interactive will post -0.39 earnings per share for the current year.

Insider Activity

In other news, CEO Karen Boone sold 16,925 shares of the company’s stock in a transaction that occurred on Thursday, December 5th. The stock was sold at an average price of $9.64, for a total transaction of $163,157.00. Following the transaction, the chief executive officer now owns 228,217 shares of the company’s stock, valued at approximately $2,200,011.88. This represents a 6.90 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CFO Elizabeth F. Coddington sold 186,462 shares of the company’s stock in a transaction that occurred 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 transaction, the chief financial officer now directly owns 223,017 shares in the company, valued at approximately $1,690,468.86. This represents a 45.54 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 422,821 shares of company stock valued at $3,264,674. 1.34% of the stock is currently owned by insiders.

Institutional Trading of Peloton Interactive

A number of large investors have recently modified their holdings of PTON. Mercer Global Advisors Inc. ADV purchased a new stake in shares of Peloton Interactive in the second quarter valued at approximately $27,000. Point72 Asia Singapore Pte. Ltd. boosted its holdings in shares of Peloton Interactive by 31.9% in the third quarter. Point72 Asia Singapore Pte. Ltd. now owns 6,605 shares of the company’s stock valued at $31,000 after purchasing an additional 1,597 shares during the period. Choreo LLC purchased a new stake in shares of Peloton Interactive in the second quarter valued at approximately $44,000. Verdence Capital Advisors LLC purchased a new stake in shares of Peloton Interactive in the third quarter valued at approximately $52,000. Finally, Ballentine Partners LLC purchased a new stake in shares of Peloton Interactive in the third quarter valued at approximately $55,000. Hedge funds and other institutional investors own 77.01% of the company’s stock.

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.