Brokerages Set Peloton Interactive, Inc. (NASDAQ:PTON) Price Target at $6.97

Peloton Interactive, Inc. (NASDAQ:PTON - Get Free Report) has received an average rating of "Hold" from the nineteen ratings firms that are currently covering the company, MarketBeat Ratings reports. Sixteen research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average 1 year price target among brokers that have issued ratings on the stock in the last year is $6.97.

Several analysts recently weighed in on the stock. Robert W. Baird raised their target price on shares of Peloton Interactive from $4.75 to $8.00 and gave the company a "neutral" rating in a report on Friday, November 1st. Morgan Stanley raised their price target on Peloton Interactive from $3.50 to $5.00 and gave the company an "equal weight" rating in a research note on Friday, November 1st. Bank of America raised Peloton Interactive from an "underperform" rating to a "buy" rating and upped their price objective for the stock from $3.75 to $9.00 in a research report on Monday, November 4th. JPMorgan Chase & Co. raised 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. Finally, Sanford C. Bernstein upped their price target on Peloton Interactive from $4.25 to $6.50 and gave the company a "market perform" rating in a report on Friday, November 1st.

Peloton Interactive Price Performance

Shares of PTON stock traded down $0.22 during trading on Tuesday, reaching $8.28. The company's stock had a trading volume of 11,938,078 shares, compared to its average volume of 11,537,085. Peloton Interactive has a 1-year low of $2.70 and a 1-year high of $10.90. The stock's 50-day moving average price is $9.16 and its 200 day moving average price is $6.13. The company has a market capitalization of $3.16 billion, a price-to-earnings ratio of -7.73 and a beta of 1.95.

Peloton Interactive (NASDAQ:PTON - Get Free Report) 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 business had revenue of $586.00 million for the quarter, compared to analyst estimates of $572.97 million. The firm's quarterly revenue was down 1.6% on a year-over-year basis. During the same period last year, the business posted ($0.44) EPS. On average, sell-side analysts anticipate that Peloton Interactive will post -0.39 EPS for the current fiscal year.

Insider Buying and Selling

In related news, insider Andrew S. Rendich sold 138,391 shares of the firm's stock in a transaction dated Monday, November 18th. The shares were sold at an average price of $7.51, for a total value of $1,039,316.41. Following the completion of the sale, the insider now owns 287,973 shares in the company, valued at $2,162,677.23. This trade represents a 32.46 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Karen Boone sold 13,484 shares of the business's stock in a transaction that occurred on Friday, November 1st. The stock was sold at an average price of $8.27, for a total value of $111,512.68. Following the transaction, the chief executive officer now owns 211,459 shares in the company, valued at $1,748,765.93. The trade was a 5.99 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 422,821 shares of company stock valued at $3,264,674 over the last three months. 1.34% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Mercer Global Advisors Inc. ADV purchased a new stake in shares of Peloton Interactive during the 2nd quarter worth approximately $27,000. Point72 Asia Singapore Pte. Ltd. boosted its position in 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. Choreo LLC acquired a new stake in Peloton Interactive in the second quarter valued at $44,000. Verdence Capital Advisors LLC acquired a new stake in Peloton Interactive in the third quarter valued at $52,000. Finally, Ballentine Partners LLC purchased a new position in shares of Peloton Interactive in the third quarter valued at $55,000. 77.01% of the stock is currently owned by institutional investors and hedge funds.

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.