Peloton Interactive, Inc. (NASDAQ:PTON) Receives $6.97 Average Target Price from Analysts

Peloton Interactive, Inc. (NASDAQ:PTON) has been given an average rating of “Hold” by the nineteen research firms that are covering the stock, Marketbeat Ratings reports. Sixteen research analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 12 month price objective among analysts that have issued a report on the stock in the last year is $6.97.

A number of research firms have commented on PTON. Bank of America upgraded Peloton Interactive from an “underperform” rating to a “buy” rating and lifted their target price for the company from $3.75 to $9.00 in a research report on Monday, November 4th. Truist Financial upped their target price on shares of Peloton Interactive from $6.00 to $10.00 and gave the company a “hold” rating in a research report on Friday, November 1st. JMP Securities reiterated a “market perform” rating on shares of Peloton Interactive in a research report on Thursday, October 3rd. Needham & Company LLC reissued a “hold” rating on shares of Peloton Interactive in a research note on Friday, November 1st. Finally, BMO Capital Markets increased their price objective on shares of Peloton Interactive from $6.50 to $8.50 and gave the stock a “market perform” rating in a research report on Monday, November 4th.

Peloton Interactive Trading Up 1.6 %

Peloton Interactive stock opened at $9.38 on Friday. The company has a 50-day moving average price of $8.21 and a 200 day moving average price of $5.44. Peloton Interactive has a 12-month low of $2.70 and a 12-month high of $10.90. The stock has a market cap of $3.58 billion, a P/E ratio of -8.77 and a beta of 1.90.

Peloton Interactive (NASDAQ:PTON) last announced its quarterly earnings results on Thursday, October 31st. The company reported ($0.16) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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. During the same period in the prior year, the company earned ($0.44) EPS. Peloton Interactive’s revenue was down 1.6% on a year-over-year basis. As a group, analysts forecast that Peloton Interactive will post -0.38 EPS for the current year.

Insider Transactions at Peloton Interactive

In other news, CEO Karen Boone sold 16,925 shares of the stock in a transaction dated Thursday, December 5th. The stock was sold at an average price of $9.64, for a total value of $163,157.00. Following the transaction, the chief executive officer now owns 228,217 shares in the company, valued at approximately $2,200,011.88. This represents a 6.90 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CAO Saqib Baig sold 36,776 shares of the firm’s stock in a transaction dated Monday, November 18th. The stock was sold at an average price of $7.53, for a total value of $276,923.28. Following the sale, the chief accounting officer now directly owns 137,357 shares in the company, valued at $1,034,298.21. This trade represents a 21.12 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 430,539 shares of company stock valued at $3,260,596. 1.34% of the stock is currently owned by corporate insiders.

Institutional Trading of Peloton Interactive

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Mercer Global Advisors Inc. ADV purchased a new position in shares of Peloton Interactive in the 2nd quarter valued at $27,000. Skylands Capital LLC purchased a new position in shares of Peloton Interactive during the second quarter worth about $30,000. Point72 Asia Singapore Pte. Ltd. increased its position 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 purchasing an additional 1,597 shares in the last quarter. Nisa Investment Advisors LLC lifted its holdings in shares of Peloton Interactive by 1,836.7% in the 2nd 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 purchased a new stake in shares of Peloton Interactive in the 2nd quarter valued at about $35,000. Institutional investors and hedge funds own 77.01% of the company’s stock.

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.