Brokerages Set Peloton Interactive, Inc. (NASDAQ:PTON) PT at $7.94

Shares of Peloton Interactive, Inc. (NASDAQ:PTON) have been assigned a consensus rating of “Hold” from the thirteen brokerages that are currently covering the stock, Marketbeat reports. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and five have given a buy rating to the company. The average 12-month price target among brokerages that have covered the stock in the last year is $7.9444.

Several equities analysts have recently issued reports on the stock. Telsey Advisory Group reaffirmed a “market perform” rating on shares of Peloton Interactive in a research note on Monday, August 3rd. The Goldman Sachs Group raised their price objective on shares of Peloton Interactive from $7.00 to $8.00 and gave the company a “buy” rating in a research report on Friday, May 8th. UBS Group reiterated a “buy” rating on shares of Peloton Interactive in a report on Monday, June 15th. Wall Street Zen raised shares of Peloton Interactive from a “hold” rating to a “buy” rating in a research note on Saturday, May 16th. Finally, Weiss Ratings upgraded Peloton Interactive from a “sell (d)” rating to a “sell (d+)” rating in a research note on Tuesday, May 26th.

Insider Transactions at Peloton Interactive

In other Peloton Interactive news, Director Karen Boone sold 25,000 shares of the business’s stock in a transaction on Monday, August 17th. The stock was sold at an average price of $5.35, for a total value of $133,750.00. Following the transaction, the director owned 236,063 shares of the company’s stock, valued at approximately $1,262,937.05. The trade was a 9.58% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CAO Saqib Baig sold 36,439 shares of the firm’s stock in a transaction on Monday, August 17th. The shares were sold at an average price of $5.36, for a total value of $195,313.04. Following the completion of the sale, the chief accounting officer owned 272,641 shares of the company’s stock, valued at approximately $1,461,355.76. This trade represents a 11.79% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders sold 74,637 shares of company stock worth $405,368. Company insiders own 1.30% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of PTON. GAMMA Investing LLC increased its stake in shares of Peloton Interactive by 232.0% in the 2nd quarter. GAMMA Investing LLC now owns 4,399 shares of the company’s stock valued at $26,000 after buying an additional 3,074 shares during the period. Sankala Group LLC acquired a new position in shares of Peloton Interactive during the fourth quarter valued at $31,000. Advisory Services Network LLC bought a new position in Peloton Interactive in the third quarter valued at about $48,000. Quarry LP bought a new position in Peloton Interactive in the third quarter valued at about $71,000. Finally, Cora Capital Advisors LLC acquired a new stake in Peloton Interactive in the first quarter worth about $43,000. Institutional investors and hedge funds own 77.01% of the company’s stock.

Peloton Interactive Trading Up 0.4%

PTON opened at $5.31 on Wednesday. The business’s 50 day moving average is $5.91 and its 200-day moving average is $5.20. The stock has a market cap of $2.33 billion, a PE ratio of 44.25, a price-to-earnings-growth ratio of 0.36 and a beta of 2.52. Peloton Interactive has a twelve month low of $3.65 and a twelve month high of $9.20.

Peloton Interactive (NASDAQ:PTON) last issued its quarterly earnings data on Thursday, August 6th. The company reported $0.13 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.11 by $0.02. Peloton Interactive had a negative return on equity of 23.92% and a net margin of 2.58%.The business had revenue of $607.70 million during the quarter, compared to analyst estimates of $596.60 million. During the same period in the prior year, the company posted $0.05 EPS. The business’s revenue for the quarter was up .1% compared to the same quarter last year. As a group, analysts forecast that Peloton Interactive will post 0.31 EPS for the current year.

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.