Peloton Interactive (NASDAQ:PTON) Downgraded to Hold Rating by Wall Street Zen

Wall Street Zen downgraded shares of Peloton Interactive (NASDAQ:PTON) from a buy rating to a hold rating in a research note released on Saturday.

PTON has been the subject of a number of other reports. Canaccord Genuity Group restated a “buy” rating and issued a $10.00 price objective on shares of Peloton Interactive in a report on Thursday, October 2nd. Telsey Advisory Group restated a “market perform” rating and set a $9.00 price target on shares of Peloton Interactive in a report on Monday, November 3rd. Needham & Company LLC reaffirmed a “hold” rating on shares of Peloton Interactive in a research report on Thursday, August 7th. Truist Financial boosted their price objective on Peloton Interactive from $11.00 to $12.00 and gave the stock a “buy” rating in a research report on Friday. Finally, The Goldman Sachs Group reaffirmed a “buy” rating and issued a $11.50 target price on shares of Peloton Interactive in a report on Thursday, October 2nd. One equities research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, Peloton Interactive currently has an average rating of “Moderate Buy” and an average price target of $9.86.

Peloton Interactive Stock Up 14.2%

Shares of NASDAQ:PTON traded up $0.95 during trading on Friday, hitting $7.66. 29,768,282 shares of the stock traded hands, compared to its average volume of 10,563,003. The company has a market cap of $3.12 billion, a price-to-earnings ratio of -27.36, a P/E/G ratio of 2.62 and a beta of 2.33. The company has a fifty day moving average price of $7.80 and a two-hundred day moving average price of $7.24. Peloton Interactive has a 52-week low of $4.63 and a 52-week high of $10.90.

Peloton Interactive (NASDAQ:PTON) last posted its quarterly earnings data on Thursday, November 6th. The company reported $0.03 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.01 by $0.02. The firm had revenue of $550.80 million during the quarter, compared to analyst estimates of $540.61 million. The company’s revenue for the quarter was down 6.0% on a year-over-year basis. Peloton Interactive has set its Q2 2026 guidance at EPS. FY 2026 guidance at EPS. On average, equities research analysts predict that Peloton Interactive will post -0.36 EPS for the current fiscal year.

Insider Activity

In other news, insider Nick V. Caldwell sold 206,901 shares of the firm’s stock in a transaction that occurred on Tuesday, September 16th. The shares were sold at an average price of $7.78, for a total transaction of $1,609,689.78. Following the transaction, the insider directly owned 737,788 shares in the company, valued at approximately $5,739,990.64. This trade represents a 21.90% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Jennifer Cunningham Cotter sold 110,235 shares of Peloton Interactive stock in a transaction on Thursday, September 18th. The shares were sold at an average price of $8.05, for a total transaction of $887,391.75. Following the completion of the transaction, the insider directly owned 100,269 shares in the company, valued at $807,165.45. The trade was a 52.37% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 1,834,177 shares of company stock valued at $14,655,695 over the last 90 days. Insiders own 1.30% of the company’s stock.

Institutional Investors Weigh In On Peloton Interactive

A number of institutional investors and hedge funds have recently made changes to their positions in PTON. Eminence Capital LP acquired a new position in Peloton Interactive in the 2nd quarter valued at about $112,681,000. T. Rowe Price Investment Management Inc. increased its holdings in shares of Peloton Interactive by 29.4% in the first quarter. T. Rowe Price Investment Management Inc. now owns 21,760,678 shares of the company’s stock valued at $137,528,000 after purchasing an additional 4,940,422 shares during the period. Nuveen LLC acquired a new position in shares of Peloton Interactive in the first quarter valued at approximately $23,239,000. DNB Asset Management AS raised its stake in shares of Peloton Interactive by 592.6% during the second quarter. DNB Asset Management AS now owns 3,711,752 shares of the company’s stock worth $25,760,000 after purchasing an additional 3,175,861 shares during the last quarter. Finally, Vanguard Group Inc. lifted its holdings in shares of Peloton Interactive by 6.2% during the first quarter. Vanguard Group Inc. now owns 37,246,652 shares of the company’s stock worth $235,399,000 after purchasing an additional 2,186,862 shares during the period. 77.01% of the stock is owned by hedge funds and other 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.