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

Shares of Peloton Interactive, Inc. (NASDAQ:PTON - Get Free Report) have earned a consensus rating of "Hold" from the nineteen ratings firms that are presently covering the firm, Marketbeat Ratings reports. Sixteen research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average 1-year price target among analysts that have updated their coverage on the stock in the last year is $6.97.

A number of analysts have recently weighed in on the stock. Telsey Advisory Group boosted their target price on shares of Peloton Interactive from $5.00 to $9.00 and gave the stock a "market perform" rating in a report on Friday, November 1st. Sanford C. Bernstein lifted their target price on Peloton Interactive from $4.25 to $6.50 and gave the stock a "market perform" rating in a report on Friday, November 1st. BMO Capital Markets upped their price target on shares of Peloton Interactive from $6.50 to $8.50 and gave the company a "market perform" rating in a report on Monday, November 4th. Truist Financial raised their price target on Peloton Interactive from $6.00 to $10.00 and gave the stock a "hold" rating in a research note on Friday, November 1st. Finally, Morgan Stanley raised their price target on shares of Peloton Interactive from $3.50 to $5.00 and gave the stock an "equal weight" rating in a research note on Friday, November 1st.

Peloton Interactive Stock Up 1.6 %

NASDAQ PTON traded up $0.15 on Friday, reaching $9.38. The company had a trading volume of 13,308,495 shares, compared to its average volume of 16,199,247. The stock has a market capitalization of $3.58 billion, a PE ratio of -8.77 and a beta of 1.90. Peloton Interactive has a 12 month low of $2.70 and a 12 month high of $10.90. The firm's 50 day moving average price is $8.21 and its 200 day moving average price is $5.43.

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

Insider Activity

In related news, CFO Elizabeth F. Coddington sold 186,462 shares of the business's stock in a transaction on Monday, November 18th. The shares were sold at an average price of $7.58, for a total value of $1,413,381.96. Following the completion of the transaction, the chief financial officer now directly owns 223,017 shares in the company, valued at $1,690,468.86. The trade was a 45.54 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CAO Saqib Baig sold 36,776 shares of the firm's stock in a transaction on Monday, November 18th. The shares were sold at an average price of $7.53, for a total transaction of $276,923.28. Following the sale, the chief accounting officer now owns 137,357 shares in the company, valued at approximately $1,034,298.21. This represents a 21.12 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 430,539 shares of company stock valued at $3,260,596. Company insiders own 1.34% of the company's stock.

Hedge Funds Weigh In On Peloton Interactive

A number of hedge funds have recently bought and sold shares of PTON. Gtcr LLC acquired a new stake in shares of Peloton Interactive in the third quarter valued at about $65,520,000. DME Capital Management LP acquired a new stake in Peloton Interactive in the 2nd quarter worth about $22,947,000. Clearline Capital LP purchased a new stake in Peloton Interactive during the 2nd quarter worth approximately $7,527,000. Healthcare of Ontario Pension Plan Trust Fund purchased a new stake in Peloton Interactive during the 3rd quarter worth approximately $8,363,000. Finally, Connor Clark & Lunn Investment Management Ltd. acquired a new position in shares of Peloton Interactive during the third quarter valued at approximately $5,724,000. Hedge funds and other institutional investors own 77.01% of the company's stock.

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.