Peloton Interactive, Inc. (NASDAQ:PTON) Receives $8.38 Average PT from Analysts

Peloton Interactive, Inc. (NASDAQ:PTON - Get Free Report) has been given an average rating of "Hold" by the twenty ratings firms that are presently covering the firm, Marketbeat Ratings reports. Sixteen equities research analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average 1-year price target among brokerages that have issued a report on the stock in the last year is $8.38.

PTON has been the subject of a number of research reports. Macquarie reissued a "neutral" rating and set a $9.00 target price on shares of Peloton Interactive in a research note on Monday, February 10th. Citigroup cut their price objective on Peloton Interactive from $11.00 to $10.00 and set a "neutral" rating for the company in a research note on Monday, February 10th. Needham & Company LLC reissued a "hold" rating on shares of Peloton Interactive in a report on Thursday, February 6th. The Goldman Sachs Group lifted their price target on Peloton Interactive from $8.00 to $10.00 and gave the stock a "neutral" rating in a research note on Monday, February 10th. Finally, Telsey Advisory Group reissued a "market perform" rating and issued a $11.00 price objective on shares of Peloton Interactive in a research note on Monday, February 3rd.

Insiders Place Their Bets

In related news, CEO Karen Boone sold 16,925 shares of the business's stock in a transaction that occurred on Thursday, December 5th. The stock was sold at an average price of $9.64, for a total transaction of $163,157.00. Following the completion of the sale, the chief executive officer now owns 228,217 shares in the company, valued at $2,200,011.88. The trade was a 6.90 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Andrew S. Rendich sold 17,401 shares of the business's stock in a transaction that occurred on Wednesday, February 26th. The stock was sold at an average price of $8.18, for a total transaction of $142,340.18. Following the sale, the insider now owns 362,573 shares of the company's stock, valued at $2,965,847.14. This represents a 4.58 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 414,406 shares of company stock worth $3,913,773 over the last 90 days. Corporate insiders own 1.34% of the company's stock.

Institutional Investors Weigh In On Peloton Interactive

Several hedge funds and other institutional investors have recently bought and sold shares of PTON. R Squared Ltd purchased a new position in shares of Peloton Interactive during the fourth quarter worth about $28,000. Russell Investments Group Ltd. raised its position in shares of Peloton Interactive by 969.6% during the 4th 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 during the last quarter. Comerica Bank lifted its holdings in Peloton Interactive by 29.1% in the 4th quarter. Comerica Bank now owns 6,164 shares of the company's stock valued at $54,000 after purchasing an additional 1,389 shares in the last quarter. 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 acquiring an additional 1,597 shares during the last quarter. Finally, SBI Securities Co. Ltd. purchased a new stake in shares of Peloton Interactive in the fourth quarter valued at $69,000. 77.01% of the stock is currently owned by institutional investors and hedge funds.

Peloton Interactive Price Performance

NASDAQ PTON traded down $0.06 during trading hours on Wednesday, reaching $6.89. The company's stock had a trading volume of 16,761,167 shares, compared to its average volume of 15,594,841. The firm has a market capitalization of $2.69 billion, a price-to-earnings ratio of -8.95 and a beta of 1.95. The company's 50-day moving average is $8.58 and its two-hundred day moving average is $7.33. Peloton Interactive has a 1-year low of $2.70 and a 1-year high of $10.90.

Peloton Interactive (NASDAQ:PTON - Get Free Report) last announced its earnings results on Thursday, February 6th. The company reported ($0.24) earnings per share for the quarter, missing the consensus estimate of ($0.20) by ($0.04). Equities analysts forecast that Peloton Interactive will post -0.36 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.