Peloton Interactive, Inc. (NASDAQ:PTON) Receives Consensus Rating of "Hold" from Analysts

Shares of Peloton Interactive, Inc. (NASDAQ:PTON - Get Free Report) have earned an average rating of "Hold" from the twenty-three ratings firms that are covering the stock, Marketbeat reports. Two analysts have rated the stock with a sell recommendation, eighteen have assigned a hold recommendation and three have assigned a buy recommendation to the company. The average twelve-month price target among brokers that have updated their coverage on the stock in the last year is $4.57.

A number of analysts have recently commented on PTON shares. TD Cowen upped their target price on Peloton Interactive from $3.00 to $4.00 and gave the stock a "hold" rating in a research note on Friday, August 23rd. Robert W. Baird upped their price objective on shares of Peloton Interactive from $4.00 to $4.75 and gave the stock a "neutral" rating in a research report on Monday, August 26th. Roth Mkm lifted their target price on shares of Peloton Interactive from $5.00 to $6.00 and gave the company a "buy" rating in a research report on Friday, August 23rd. Macquarie reiterated a "neutral" rating and set a $2.53 price target on shares of Peloton Interactive in a research report on Thursday, August 22nd. Finally, JPMorgan Chase & Co. cut Peloton Interactive from an "overweight" rating to a "neutral" rating and lowered their target price for the stock from $7.00 to $5.00 in a report on Friday, August 23rd.

Insider Buying and Selling at Peloton Interactive

In other news, CEO Chris Bruzzo sold 15,113 shares of the stock in a transaction that occurred on Thursday, August 1st. The stock was sold at an average price of $3.42, for a total value of $51,686.46. Following the completion of the transaction, the chief executive officer now directly owns 97,433 shares of the company's stock, valued at approximately $333,220.86. The sale was disclosed in a legal filing with the SEC, which is available at this link. In other news, CFO Elizabeth F. Coddington sold 8,923 shares of the company's stock in a transaction that occurred on Friday, June 14th. The shares were sold at an average price of $3.68, for a total transaction of $32,836.64. Following the transaction, the chief financial officer now directly owns 186,466 shares in the company, valued at $686,194.88. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Chris Bruzzo sold 15,113 shares of Peloton Interactive stock in a transaction that occurred on Thursday, August 1st. The stock was sold at an average price of $3.42, for a total transaction of $51,686.46. Following the sale, the chief executive officer now owns 97,433 shares of the company's stock, valued at approximately $333,220.86. The disclosure for this sale can be found here. Insiders have sold 144,961 shares of company stock valued at $630,025 in the last 90 days. 3.28% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Peloton Interactive

Institutional investors have recently modified their holdings of the business. Mercer Global Advisors Inc. ADV acquired a new position in shares of Peloton Interactive during the 2nd quarter worth approximately $27,000. Skylands Capital LLC acquired a new position in Peloton Interactive in the 2nd quarter valued at $30,000. Nisa Investment Advisors LLC grew its stake 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 worth $32,000 after buying an additional 9,000 shares in the last quarter. Schneider Downs Wealth Management Advisors LP bought a new position in shares of Peloton Interactive in the 2nd quarter valued at $35,000. Finally, CIBC Asset Management Inc acquired a new position in Peloton Interactive during the second quarter worth about $35,000. Institutional investors own 77.01% of the company's stock.

Peloton Interactive Stock Performance

PTON stock traded down $0.01 during mid-day trading on Wednesday, reaching $4.42. 6,062,436 shares of the stock traded hands, compared to its average volume of 16,105,631. The stock has a market capitalization of $1.64 billion, a PE ratio of -2.09 and a beta of 2.04. Peloton Interactive has a one year low of $2.70 and a one year high of $7.24. The business has a 50-day moving average price of $3.76 and a two-hundred day moving average price of $3.78.

Peloton Interactive (NASDAQ:PTON - Get Free Report) last posted its earnings results on Thursday, August 22nd. The company reported ($0.08) EPS for the quarter, beating analysts' consensus estimates of ($0.18) by $0.10. The firm had revenue of $644.00 million for the quarter, compared to analysts' expectations of $633.00 million. The company's revenue was up .3% on a year-over-year basis. During the same period in the previous year, the company earned ($0.68) EPS. On average, equities analysts expect that Peloton Interactive will post -0.65 earnings per share 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.