Shares of Peloton Interactive, Inc. (NASDAQ:PTON - Get Free Report) have been given a consensus recommendation of "Hold" by the twenty ratings firms that are presently covering the company, Marketbeat reports. Sixteen investment analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average 12 month target price among brokerages that have updated their coverage on the stock in the last year is $8.38.
A number of equities research analysts have commented on PTON shares. Bank of America raised Peloton Interactive from an "underperform" rating to a "buy" rating and raised their price target for the company from $3.75 to $9.00 in a report on Monday, November 4th. Citigroup decreased their price target on Peloton Interactive from $11.00 to $10.00 and set a "neutral" rating on the stock in a report on Monday. Telsey Advisory Group reaffirmed a "market perform" rating and issued a $11.00 target price on shares of Peloton Interactive in a report on Monday, February 3rd. 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. Finally, The Goldman Sachs Group lifted their target price on Peloton Interactive from $8.00 to $10.00 and gave the stock a "neutral" rating in a report on Monday.
Get Our Latest Analysis on PTON
Peloton Interactive Trading Up 2.0 %
Peloton Interactive stock traded up $0.17 during trading on Friday, reaching $8.74. The company had a trading volume of 12,644,299 shares, compared to its average volume of 13,994,609. The firm's 50-day simple moving average is $8.90 and its 200 day simple moving average is $6.71. The firm has a market capitalization of $3.33 billion, a price-to-earnings ratio of -11.35 and a beta of 1.95. Peloton Interactive has a 52 week low of $2.70 and a 52 week high of $10.90.
Peloton Interactive (NASDAQ:PTON - Get Free Report) last posted 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). On average, analysts predict that Peloton Interactive will post -0.39 earnings per share for the current year.
Insider Buying and Selling at Peloton Interactive
In related news, CFO Elizabeth F. Coddington sold 186,462 shares of the business's stock in a transaction that occurred on Monday, November 18th. The stock was sold at an average price of $7.58, for a total value of $1,413,381.96. Following the completion of the sale, the chief financial officer now owns 223,017 shares in the company, valued at approximately $1,690,468.86. The trade was a 45.54 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Andrew S. Rendich sold 138,391 shares of the business's stock in a transaction that occurred on Monday, November 18th. The shares were sold at an average price of $7.51, for a total value of $1,039,316.41. Following the completion of the sale, the insider now owns 287,973 shares of the company's stock, valued at $2,162,677.23. The trade was a 32.46 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 395,813 shares of company stock worth $3,041,724 over the last 90 days. Company insiders own 1.34% of the company's stock.
Institutional Trading of Peloton Interactive
Large investors have recently modified their holdings of the company. PDT Partners LLC raised its stake in Peloton Interactive by 0.7% in the third quarter. PDT Partners LLC now owns 205,573 shares of the company's stock worth $962,000 after buying an additional 1,373 shares in the last quarter. Victory Capital Management Inc. raised its stake in Peloton Interactive by 3.8% in the fourth quarter. Victory Capital Management Inc. now owns 42,084 shares of the company's stock worth $366,000 after buying an additional 1,534 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. raised its stake in Peloton Interactive by 31.9% in the third quarter. Point72 Asia Singapore Pte. Ltd. now owns 6,605 shares of the company's stock worth $31,000 after buying an additional 1,597 shares in the last quarter. Choreo LLC raised its stake in Peloton Interactive by 12.3% in the fourth quarter. Choreo LLC now owns 16,832 shares of the company's stock worth $150,000 after buying an additional 1,838 shares in the last quarter. Finally, Counterpoint Mutual Funds LLC raised its stake in Peloton Interactive by 2.5% in the fourth quarter. Counterpoint Mutual Funds LLC now owns 79,459 shares of the company's stock worth $691,000 after buying an additional 1,951 shares in the last quarter. Hedge funds and other institutional investors own 77.01% of the company's stock.
About Peloton Interactive
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Get Free ReportPeloton 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.
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