Peloton Interactive, Inc. (NASDAQ:PTON) Receives $4.52 Average Price Target from Brokerages

Peloton Interactive, Inc. (NASDAQ:PTON) has been given a consensus recommendation of “Hold” by the eighteen research firms that are presently covering the firm, MarketBeat.com reports. Fifteen analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average twelve-month target price among analysts that have covered the stock in the last year is $6.75.

A number of analysts recently commented on the stock. TD Cowen upped their price target on shares of Peloton Interactive from $3.00 to $4.00 and gave the company a “hold” rating in a research note on Friday, August 23rd. Canaccord Genuity Group increased their target price on Peloton Interactive from $4.00 to $5.00 and gave the stock a “hold” rating in a research report on Friday, August 23rd. Bank of America upgraded Peloton Interactive from an “underperform” rating to a “buy” rating and boosted their price objective for the company from $3.75 to $9.00 in a research note on Monday. Telsey Advisory Group increased their price objective on Peloton Interactive from $5.00 to $9.00 and gave the stock a “market perform” rating in a report on Friday, November 1st. Finally, Roth Mkm lifted their target price on Peloton Interactive from $5.00 to $6.00 and gave the company a “buy” rating in a report on Friday, August 23rd.

Peloton Interactive Stock Performance

NASDAQ PTON opened at $7.93 on Thursday. Peloton Interactive has a 52-week low of $2.70 and a 52-week high of $8.92. The company has a 50-day simple moving average of $5.29 and a 200 day simple moving average of $4.16. The company has a market capitalization of $2.99 billion, a PE ratio of -7.41 and a beta of 1.93.

Peloton Interactive (NASDAQ:PTON) last released its earnings results on Thursday, October 31st. The company reported ($0.16) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.15) by ($0.01). The business had revenue of $586.00 million during the quarter, compared to analyst estimates of $572.97 million. During the same period in the prior year, the company earned ($0.44) earnings per share. Peloton Interactive’s revenue was down 1.6% on a year-over-year basis. As a group, analysts forecast that Peloton Interactive will post -0.43 EPS for the current fiscal year.

Insider Buying and Selling at Peloton Interactive

In other news, CAO Saqib Baig sold 50,000 shares of the company’s stock in a transaction dated Friday, August 23rd. The stock was sold at an average price of $4.88, for a total value of $244,000.00. Following the completion of the transaction, the chief accounting officer now directly owns 87,014 shares in the company, valued at approximately $424,628.32. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In related news, insider Nick V. Caldwell acquired 31,337 shares of the firm’s stock in a transaction dated Friday, August 23rd. The shares were purchased at an average price of $4.25 per share, for a total transaction of $133,182.25. Following the completion of the acquisition, the insider now owns 31,337 shares in the company, valued at approximately $133,182.25. The purchase was disclosed in a filing with the SEC, which is available at this link. Also, CAO Saqib Baig sold 50,000 shares of the stock in a transaction dated Friday, August 23rd. The shares were sold at an average price of $4.88, for a total value of $244,000.00. Following the sale, the chief accounting officer now owns 87,014 shares of the company’s stock, valued at $424,628.32. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 194,888 shares of company stock worth $1,038,717 over the last 90 days. Corporate insiders own 1.34% of the company’s stock.

Institutional Trading of Peloton Interactive

Several hedge funds and other institutional investors have recently bought and sold shares of PTON. Mercer Global Advisors Inc. ADV purchased a new position in shares of Peloton Interactive in the second quarter worth $27,000. Skylands Capital LLC bought a new stake in Peloton Interactive in the 2nd quarter worth $30,000. Nisa Investment Advisors LLC increased its position in shares of Peloton Interactive by 1,836.7% in the second quarter. Nisa Investment Advisors LLC now owns 9,490 shares of the company’s stock valued at $32,000 after acquiring an additional 9,000 shares during the period. Schneider Downs Wealth Management Advisors LP bought a new position in shares of Peloton Interactive during the second quarter valued at about $35,000. Finally, CIBC Asset Management Inc purchased a new stake in shares of Peloton Interactive during the second quarter worth about $35,000. Institutional investors own 77.01% of the company’s stock.

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.