Peloton Interactive, Inc. (NASDAQ:PTON) Given Consensus Recommendation of "Hold" by Brokerages

Shares of Peloton Interactive, Inc. (NASDAQ:PTON - Get Free Report) have been given an average recommendation of "Hold" by the nineteen brokerages that are currently covering the company, MarketBeat reports. Sixteen analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average 1-year price target among brokers that have updated their coverage on the stock in the last year is $6.97.

PTON has been the subject of several research reports. Robert W. Baird increased their price objective on shares of Peloton Interactive from $4.75 to $8.00 and gave the company a "neutral" rating in a research report on Friday, November 1st. Sanford C. Bernstein increased their price target on shares of Peloton Interactive from $4.25 to $6.50 and gave the company a "market perform" rating in a report on Friday, November 1st. Telsey Advisory Group lifted their price target on Peloton Interactive from $5.00 to $9.00 and gave the stock a "market perform" rating in a research report on Friday, November 1st. Bank of America upgraded Peloton Interactive from an "underperform" rating to a "buy" rating and upped their price objective for the company from $3.75 to $9.00 in a research report on Monday, November 4th. Finally, BMO Capital Markets lifted their target price on Peloton Interactive from $6.50 to $8.50 and gave the stock a "market perform" rating in a report on Monday, November 4th.

Peloton Interactive Stock Down 2.6 %

PTON traded down $0.23 during trading on Tuesday, hitting $8.73. The company's stock had a trading volume of 15,652,685 shares, compared to its average volume of 11,785,458. The business's 50 day simple moving average is $9.13 and its 200-day simple moving average is $6.09. The firm has a market cap of $3.33 billion, a PE ratio of -8.16 and a beta of 1.95. Peloton Interactive has a one year low of $2.70 and a one year high of $10.90.

Peloton Interactive (NASDAQ:PTON - Get Free Report) last released its earnings results on Thursday, October 31st. The company reported ($0.16) earnings per share for the quarter, missing the consensus estimate of ($0.15) by ($0.01). The company had revenue of $586.00 million during the quarter, compared to the consensus estimate of $572.97 million. The business's quarterly revenue was down 1.6% compared to the same quarter last year. During the same quarter in the previous year, the business earned ($0.44) EPS. Equities research analysts expect that Peloton Interactive will post -0.38 EPS for the current fiscal year.

Insider Activity at Peloton Interactive

In other news, CFO Elizabeth F. Coddington sold 186,462 shares of the company's stock in a transaction on Monday, November 18th. The stock was sold at an average price of $7.58, for a total transaction of $1,413,381.96. Following the transaction, the chief financial officer now directly owns 223,017 shares of the company's stock, valued at approximately $1,690,468.86. This represents a 45.54 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Karen Boone sold 13,484 shares of the firm's stock in a transaction 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 completion of the sale, the chief executive officer now directly owns 211,459 shares of the company's stock, 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 447,798 shares of company stock worth $3,409,541 over the last three months. 1.34% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Peloton Interactive

Several institutional investors and hedge funds have recently made changes to their positions in PTON. Connor Clark & Lunn Investment Management Ltd. purchased a new position in Peloton Interactive in the 3rd quarter worth $5,724,000. Gtcr LLC purchased a new position in shares of Peloton Interactive in the third quarter worth about $65,520,000. Two Sigma Advisers LP lifted its holdings in shares of Peloton Interactive by 2.9% during the third quarter. Two Sigma Advisers LP now owns 7,440,900 shares of the company's stock worth $34,823,000 after purchasing an additional 206,500 shares during the period. Select Equity Group L.P. purchased a new stake in Peloton Interactive in the second quarter valued at approximately $1,832,000. Finally, Versor Investments LP acquired a new stake in Peloton Interactive during the 3rd quarter valued at approximately $415,000. 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.