Peloton Interactive, Inc. (NASDAQ:PTON) Receives Consensus Rating of “Hold” from Analysts

Shares of Peloton Interactive, Inc. (NASDAQ:PTON) have earned a consensus recommendation of “Hold” from the twenty research firms that are presently covering the stock, MarketBeat.com reports. Thirteen research analysts have rated the stock with a hold recommendation and seven have issued a buy recommendation on the company. The average 1-year target price among analysts that have issued a report on the stock in the last year is $8.30.

PTON has been the subject of a number of research analyst reports. JPMorgan Chase & Co. cut their price target on Peloton Interactive from $8.00 to $7.00 and set a “neutral” rating for the company in a report on Tuesday, April 8th. Canaccord Genuity Group upgraded Peloton Interactive from a “hold” rating to a “buy” rating and set a $10.00 price target on the stock in a research report on Friday, March 14th. Needham & Company LLC restated a “hold” rating on shares of Peloton Interactive in a report on Friday, May 9th. Deutsche Bank Aktiengesellschaft upgraded Peloton Interactive from a “hold” rating to a “buy” rating and set a $6.60 target price on the stock in a report on Monday, April 14th. Finally, Bank of America cut their price target on Peloton Interactive from $11.50 to $9.50 and set a “buy” rating on the stock in a research note on Tuesday, April 15th.

Peloton Interactive Stock Performance

PTON opened at $6.22 on Friday. The business has a 50 day moving average price of $6.63 and a 200 day moving average price of $7.55. Peloton Interactive has a twelve month low of $2.83 and a twelve month high of $10.90. The firm has a market cap of $2.43 billion, a P/E ratio of -14.14 and a beta of 2.15.

Peloton Interactive (NASDAQ:PTON) last issued its quarterly earnings results on Thursday, May 8th. The company reported ($0.12) EPS for the quarter, missing analysts’ consensus estimates of ($0.06) by ($0.06). The firm had revenue of $624.00 million during the quarter, compared to the consensus estimate of $620.39 million. During the same period in the previous year, the business posted ($0.45) EPS. The firm’s revenue was down 13.1% on a year-over-year basis. As a group, analysts anticipate that Peloton Interactive will post -0.36 earnings per share for the current fiscal year.

Insider Transactions at Peloton Interactive

In other news, insider Nick V. Caldwell sold 63,925 shares of the firm’s stock in a transaction dated Monday, June 16th. The stock was sold at an average price of $6.99, for a total transaction of $446,835.75. Following the sale, the insider now owns 578,668 shares of the company’s stock, valued at $4,044,889.32. This trade represents a 9.95% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Elizabeth F. Coddington sold 38,708 shares of the firm’s stock in a transaction dated Monday, June 16th. The stock was sold at an average price of $6.96, for a total value of $269,407.68. Following the sale, the chief financial officer now directly owns 294,342 shares in the company, valued at approximately $2,048,620.32. This represents a 11.62% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 555,952 shares of company stock valued at $3,556,914 over the last 90 days. 1.34% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of PTON. T. Rowe Price Investment Management Inc. grew its holdings in shares of Peloton Interactive by 29.4% during the first quarter. T. Rowe Price Investment Management Inc. now owns 21,760,678 shares of the company’s stock worth $137,528,000 after buying an additional 4,940,422 shares in the last quarter. Nuveen LLC acquired a new stake in Peloton Interactive during the 1st quarter worth approximately $23,239,000. Connor Clark & Lunn Investment Management Ltd. lifted its holdings in Peloton Interactive by 245.7% during the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 4,227,854 shares of the company’s stock worth $36,782,000 after purchasing an additional 3,004,757 shares during the last quarter. Voloridge Investment Management LLC lifted its holdings in Peloton Interactive by 1,438.9% during the 4th quarter. Voloridge Investment Management LLC now owns 3,109,054 shares of the company’s stock worth $27,049,000 after purchasing an additional 2,907,023 shares during the last quarter. Finally, Vanguard Group Inc. raised its holdings in Peloton Interactive by 6.2% in the 1st quarter. Vanguard Group Inc. now owns 37,246,652 shares of the company’s stock valued at $235,399,000 after acquiring an additional 2,186,862 shares in the last quarter. 77.01% of the stock is currently owned by institutional investors.

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.