Analysts Set Peloton Interactive, Inc. (NASDAQ:PTON) Target Price at $8.69

Shares of Peloton Interactive, Inc. (NASDAQ:PTON - Get Free Report) have earned an average recommendation of "Hold" from the twenty brokerages that are currently covering the company, MarketBeat.com reports. Fifteen equities research analysts have rated the stock with a hold rating and five have issued a buy rating on the company. The average 12 month price target among brokers that have updated their coverage on the stock in the last year is $8.69.

Several equities analysts have issued reports on PTON shares. Needham & Company LLC reissued a "hold" rating on shares of Peloton Interactive in a research note on Thursday, February 6th. Canaccord Genuity Group raised shares of Peloton Interactive from a "hold" rating to a "buy" rating and set a $10.00 price objective on the stock in a report on Friday, March 14th. JMP Securities reiterated a "market perform" rating on shares of Peloton Interactive in a research report on Friday, February 7th. Macquarie reissued a "neutral" rating and set a $9.00 price objective on shares of Peloton Interactive in a research note on Monday, February 10th. Finally, Telsey Advisory Group restated a "market perform" rating and set a $11.00 price objective on shares of Peloton Interactive in a research report on Monday, February 3rd.

Insider Buying and Selling

In other Peloton Interactive news, insider Andrew S. Rendich sold 121,883 shares of Peloton Interactive stock in a transaction that occurred on Tuesday, February 18th. The stock was sold at an average price of $9.54, for a total transaction of $1,162,763.82. Following the sale, the insider now directly owns 404,188 shares of the company's stock, valued at approximately $3,855,953.52. The trade was a 23.17 % 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 22,662 shares of the firm's stock in a transaction that occurred on Wednesday, February 19th. The shares were sold at an average price of $9.75, for a total value of $220,954.50. Following the completion of the transaction, the chief accounting officer now owns 130,031 shares of the company's stock, valued at approximately $1,267,802.25. The trade was a 14.84 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 691,597 shares of company stock valued at $5,671,783 over the last quarter. 1.34% of the stock is owned by company insiders.

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Institutional Trading of Peloton Interactive

Hedge funds and other institutional investors have recently modified their holdings of the business. Vanguard Group Inc. grew its holdings in Peloton Interactive by 4.9% in the fourth quarter. Vanguard Group Inc. now owns 35,059,790 shares of the company's stock worth $305,020,000 after purchasing an additional 1,645,640 shares during the period. T. Rowe Price Investment Management Inc. boosted its position in shares of Peloton Interactive by 38.0% in the 4th quarter. T. Rowe Price Investment Management Inc. now owns 16,820,256 shares of the company's stock worth $146,337,000 after purchasing an additional 4,635,667 shares in the last quarter. DME Capital Management LP grew its stake in shares of Peloton Interactive by 10.4% in the 4th quarter. DME Capital Management LP now owns 10,522,687 shares of the company's stock worth $91,547,000 after buying an additional 992,797 shares during the last quarter. Hennessy Advisors Inc. bought a new position in Peloton Interactive during the 4th quarter valued at approximately $85,260,000. Finally, Geode Capital Management LLC raised its stake in Peloton Interactive by 2.1% during the fourth quarter. Geode Capital Management LLC now owns 8,270,328 shares of the company's stock valued at $71,969,000 after buying an additional 170,901 shares during the last quarter. 77.01% of the stock is owned by hedge funds and other institutional investors.

Peloton Interactive Trading Down 0.9 %

PTON traded down $0.06 during trading on Friday, reaching $6.27. 4,109,770 shares of the company's stock were exchanged, compared to its average volume of 15,977,378. Peloton Interactive has a one year low of $2.70 and a one year high of $10.90. The stock has a market capitalization of $2.44 billion, a PE ratio of -8.15 and a beta of 1.95. The firm has a fifty day moving average price of $7.69 and a two-hundred day moving average price of $7.62.

Peloton Interactive (NASDAQ:PTON - Get Free Report) last released its earnings results on Thursday, February 6th. The company reported ($0.24) earnings per share for the quarter, missing analysts' consensus estimates of ($0.20) by ($0.04). Sell-side analysts expect that Peloton Interactive will post -0.36 earnings per share for the current year.

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.