Analysts Set Peloton Interactive, Inc. (NASDAQ:PTON) PT at $6.97

Shares of Peloton Interactive, Inc. (NASDAQ:PTON) have received an average recommendation of “Hold” from the nineteen analysts that are currently covering the company, Marketbeat.com reports. Sixteen investment analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average 12-month price target among brokerages that have covered the stock in the last year is $6.97.

A number of research analysts have recently weighed in on the stock. UBS Group raised shares of Peloton Interactive from a “sell” rating to a “neutral” rating and increased their target price for the company from $2.50 to $10.00 in a research report on Friday, December 6th. Needham & Company LLC reissued a “hold” rating on shares of Peloton Interactive in a research report on Friday, November 1st. Morgan Stanley increased 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 report on Friday, November 1st. Bank of America raised shares of Peloton Interactive from an “underperform” rating to a “buy” rating and increased their target price for the company from $3.75 to $9.00 in a research report on Monday, November 4th. Finally, Robert W. Baird upped their price target on shares of Peloton Interactive from $4.75 to $8.00 and gave the company a “neutral” rating in a research note on Friday, November 1st.

Insiders Place Their Bets

In other news, Director Chris Bruzzo sold 13,524 shares of the stock in a transaction on Friday, November 1st. The shares were sold at an average price of $8.24, for a total value of $111,437.76. Following the transaction, the director now owns 167,362 shares of the company’s stock, valued at $1,379,062.88. This represents a 7.48 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Karen Boone sold 17,259 shares of the stock in a transaction on Thursday, January 2nd. The stock was sold at an average price of $8.63, for a total transaction of $148,945.17. Following the completion of the transaction, the director now directly owns 244,641 shares in the company, valued at $2,111,251.83. The trade was a 6.59 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 422,821 shares of company stock worth $3,264,674 in the last three months. 1.34% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Peloton Interactive

A number of institutional investors have recently made changes to their positions in the stock. PDT Partners LLC increased its holdings in shares of Peloton Interactive by 0.7% in the 3rd quarter. PDT Partners LLC now owns 205,573 shares of the company’s stock worth $962,000 after buying an additional 1,373 shares during the last quarter. Point72 Asia Singapore Pte. Ltd. increased its holdings in shares of Peloton Interactive by 31.9% in the 3rd quarter. Point72 Asia Singapore Pte. Ltd. now owns 6,605 shares of the company’s stock worth $31,000 after buying an additional 1,597 shares during the last quarter. Arizona State Retirement System increased its holdings in shares of Peloton Interactive by 3.8% in the 2nd quarter. Arizona State Retirement System now owns 92,781 shares of the company’s stock worth $314,000 after buying an additional 3,377 shares during the last quarter. Kohmann Bosshard Financial Services LLC increased its holdings in shares of Peloton Interactive by 50.0% in the 3rd quarter. Kohmann Bosshard Financial Services LLC now owns 15,000 shares of the company’s stock worth $70,000 after buying an additional 5,000 shares during the last quarter. Finally, Commonwealth Equity Services LLC grew its holdings in shares of Peloton Interactive by 4.3% during the 2nd quarter. Commonwealth Equity Services LLC now owns 133,765 shares of the company’s stock valued at $452,000 after purchasing an additional 5,463 shares during the last quarter. Institutional investors own 77.01% of the company’s stock.

Peloton Interactive Stock Performance

Shares of PTON stock opened at $8.49 on Tuesday. Peloton Interactive has a 52-week low of $2.70 and a 52-week high of $10.90. The company has a 50-day simple moving average of $9.15 and a two-hundred day simple moving average of $6.11. The company has a market capitalization of $3.24 billion, a price-to-earnings ratio of -7.93 and a beta of 1.95.

Peloton Interactive (NASDAQ:PTON) last released its earnings results on Thursday, October 31st. The company reported ($0.16) earnings per share 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 analysts’ expectations of $572.97 million. During the same period in the prior year, the company earned ($0.44) earnings per share. The firm’s revenue for the quarter was down 1.6% on a year-over-year basis. On average, sell-side analysts forecast that Peloton Interactive will post -0.39 EPS for the current fiscal year.

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.