Peloton Interactive (NASDAQ:PTON) Rating Lowered to Hold at Wall Street Zen

Peloton Interactive (NASDAQ:PTON) was downgraded by equities research analysts at Wall Street Zen from a “buy” rating to a “hold” rating in a research note issued to investors on Saturday.

Several other research firms have also weighed in on PTON. UBS Group reissued a “buy” rating on shares of Peloton Interactive in a research note on Tuesday, February 3rd. Argus lowered Peloton Interactive from a “buy” rating to a “hold” rating in a research report on Tuesday, February 10th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Peloton Interactive in a report on Friday, January 9th. Bank of America set a $9.00 price target on Peloton Interactive in a research report on Friday, January 30th. Finally, Truist Financial dropped their price target on Peloton Interactive from $12.00 to $9.00 and set a “buy” rating on the stock in a research note on Friday, February 6th. Five investment analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $8.60.

Peloton Interactive Price Performance

PTON stock opened at $5.10 on Friday. Peloton Interactive has a 12 month low of $3.65 and a 12 month high of $9.20. The firm has a market cap of $2.17 billion, a PE ratio of -39.23, a P/E/G ratio of 0.83 and a beta of 2.37. The firm has a 50 day simple moving average of $4.24 and a 200 day simple moving average of $5.85.

Peloton Interactive (NASDAQ:PTON) last issued its earnings results on Thursday, February 5th. The company reported ($0.09) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.07) by ($0.02). The company had revenue of $656.50 million for the quarter, compared to analysts’ expectations of $675.04 million. The business’s quarterly revenue was down 2.5% compared to the same quarter last year. During the same period last year, the firm earned ($0.24) EPS. As a group, sell-side analysts expect that Peloton Interactive will post -0.36 earnings per share for the current year.

Insider Activity

In other news, CAO Saqib Baig sold 30,918 shares of the firm’s stock in a transaction on Tuesday, February 17th. The stock was sold at an average price of $4.14, for a total value of $128,000.52. Following the completion of the sale, the chief accounting officer owned 219,781 shares of the company’s stock, valued at $909,893.34. This trade represents a 12.33% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, CFO Elizabeth F. Coddington sold 238,013 shares of the firm’s stock in a transaction on Tuesday, February 17th. The stock was sold at an average price of $4.18, for a total value of $994,894.34. Following the completion of the sale, the chief financial officer directly owned 346,535 shares of the company’s stock, valued at approximately $1,448,516.30. This trade represents a 40.72% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders sold 934,313 shares of company stock worth $3,967,085. 1.30% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Peloton Interactive

Several hedge funds have recently bought and sold shares of PTON. Vident Advisory LLC grew its stake in Peloton Interactive by 1.1% during the 2nd quarter. Vident Advisory LLC now owns 110,258 shares of the company’s stock valued at $765,000 after acquiring an additional 1,180 shares in the last quarter. Cresset Asset Management LLC lifted its position in shares of Peloton Interactive by 11.9% in the third quarter. Cresset Asset Management LLC now owns 12,748 shares of the company’s stock worth $115,000 after purchasing an additional 1,354 shares in the last quarter. Kirr Marbach & Co. LLC IN lifted its position in shares of Peloton Interactive by 0.3% in the third quarter. Kirr Marbach & Co. LLC IN now owns 471,946 shares of the company’s stock worth $4,248,000 after purchasing an additional 1,464 shares in the last quarter. Vise Technologies Inc. boosted its holdings in shares of Peloton Interactive by 10.3% during the third quarter. Vise Technologies Inc. now owns 15,680 shares of the company’s stock worth $141,000 after purchasing an additional 1,466 shares during the period. Finally, Principal Financial Group Inc. boosted its holdings in shares of Peloton Interactive by 6.0% during the third quarter. Principal Financial Group Inc. now owns 27,126 shares of the company’s stock worth $244,000 after purchasing an additional 1,526 shares during the period. 77.01% of the stock is owned by hedge funds and other institutional investors.

Peloton Interactive Company Profile

Peloton Interactive, Inc operates a digital fitness platform that combines connected exercise equipment with live and on-demand workout classes. The company’s core products include stationary bikes (Peloton Bike and Bike+), treadmills (Peloton Tread and Tread+), and the Peloton Row. Each device integrates a touchscreen display that streams instructor-led cycling, running, strength, yoga, meditation and other fitness classes. Peloton generates recurring revenue through subscription plans, which grant users access to its growing library of workouts, performance tracking tools and community features.

Founded in 2012 by John Foley and headquartered in New York City, Peloton set out to deliver an immersive home-fitness experience by blending hardware, software and content.