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

Shares of Peloton Interactive, Inc. (NASDAQ:PTON - Get Free Report) have received an average rating of "Hold" from the twenty-one analysts that are currently covering the firm, Marketbeat Ratings reports. Fifteen equities research analysts have rated the stock with a hold recommendation and six have issued a buy recommendation on the company. The average 12 month target price among brokers that have updated their coverage on the stock in the last year is $8.54.

A number of equities research analysts recently commented on PTON shares. Citigroup dropped their price objective on shares of Peloton Interactive from $11.00 to $10.00 and set a "neutral" rating on the stock in a report on Monday, February 10th. JPMorgan Chase & Co. cut their price target on shares of Peloton Interactive from $8.00 to $7.00 and set a "neutral" rating for the company in a research note on Tuesday, April 8th. JMP Securities reiterated a "market perform" rating on shares of Peloton Interactive in a research note on Monday, April 14th. The Goldman Sachs Group upped their price target on shares of Peloton Interactive from $8.00 to $10.00 and gave the company a "neutral" rating in a research note on Monday, February 10th. Finally, Macquarie reissued a "neutral" rating and set a $9.00 target price on shares of Peloton Interactive in a report on Monday, February 10th.

Peloton Interactive Trading Up 0.2 %

Shares of NASDAQ:PTON traded up $0.01 during trading on Thursday, hitting $6.29. 9,488,895 shares of the company's stock were exchanged, compared to its average volume of 16,093,763. The firm has a 50-day moving average price of $6.48 and a two-hundred day moving average price of $7.69. Peloton Interactive has a 1-year low of $2.70 and a 1-year high of $10.90. The firm has a market cap of $2.45 billion, a P/E ratio of -8.17 and a beta of 2.21.

Peloton Interactive (NASDAQ:PTON - Get Free Report) last announced its quarterly earnings results on Thursday, February 6th. The company reported ($0.24) EPS for the quarter, missing analysts' consensus estimates of ($0.20) by ($0.04). As a group, research analysts predict that Peloton Interactive will post -0.36 EPS for the current year.

Insider Transactions at Peloton Interactive

In other news, insider Andrew S. Rendich sold 17,401 shares of Peloton Interactive stock in a transaction dated Wednesday, February 26th. The shares were sold at an average price of $8.18, for a total transaction of $142,340.18. Following the completion of the transaction, the insider now directly owns 362,573 shares in the company, valued at $2,965,847.14. This trade represents a 4.58 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Jennifer Cunningham Cotter sold 187,238 shares of Peloton Interactive stock in a transaction dated Thursday, March 6th. The shares were sold at an average price of $6.45, for a total value of $1,207,685.10. Following the transaction, the insider now owns 100,269 shares of the company's stock, valued at $646,735.05. This trade represents a 65.12 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 674,338 shares of company stock worth $5,522,838 over the last three months. 1.34% of the stock is owned by company insiders.

Hedge Funds Weigh In On Peloton Interactive

Several large investors have recently bought and sold shares of the stock. R Squared Ltd bought a new position in shares of Peloton Interactive in the fourth quarter valued at approximately $28,000. Russell Investments Group Ltd. increased its stake in shares of Peloton Interactive by 969.6% in the fourth quarter. Russell Investments Group Ltd. now owns 4,011 shares of the company's stock worth $35,000 after purchasing an additional 3,636 shares in the last quarter. FNY Investment Advisers LLC purchased a new position in Peloton Interactive in the 1st quarter valued at approximately $37,000. GAMMA Investing LLC raised its stake in shares of Peloton Interactive by 1,082.5% during the 1st quarter. GAMMA Investing LLC now owns 8,159 shares of the company's stock valued at $52,000 after purchasing an additional 7,469 shares during the period. Finally, Comerica Bank increased its position in shares of Peloton Interactive by 29.1% during the fourth quarter. Comerica Bank now owns 6,164 shares of the company's stock valued at $54,000 after buying an additional 1,389 shares during the period. 77.01% of the stock is currently owned by institutional investors.

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.