Weiss Ratings Reaffirms Sell (D-) Rating for Peloton Interactive (NASDAQ:PTON)

Peloton Interactive (NASDAQ:PTON)‘s stock had its “sell (d-)” rating restated by analysts at Weiss Ratings in a research note issued to investors on Tuesday,Weiss Ratings reports.

PTON has been the topic of a number of other research reports. Telsey Advisory Group upped their price objective on shares of Peloton Interactive from $8.00 to $9.00 and gave the stock a “market perform” rating in a report on Thursday, October 2nd. Truist Financial set a $11.00 price objective on shares of Peloton Interactive in a report on Thursday, August 7th. The Goldman Sachs Group restated a “buy” rating and issued a $11.50 price objective on shares of Peloton Interactive in a report on Thursday, October 2nd. UBS Group upgraded shares of Peloton Interactive from a “neutral” rating to a “buy” rating and upped their price objective for the stock from $7.50 to $11.00 in a report on Wednesday, July 30th. Finally, Zacks Research upgraded shares of Peloton Interactive from a “hold” rating to a “strong-buy” rating in a report on Monday, October 6th. One investment analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, nine have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $9.36.

Peloton Interactive Trading Down 1.2%

Peloton Interactive stock opened at $7.62 on Tuesday. The firm has a 50-day moving average of $7.96 and a 200-day moving average of $7.00. The firm has a market cap of $3.11 billion, a P/E ratio of -24.58, a P/E/G ratio of 2.64 and a beta of 2.27. Peloton Interactive has a 1-year low of $4.63 and a 1-year high of $10.90.

Peloton Interactive (NASDAQ:PTON) last posted its earnings results on Thursday, August 7th. The company reported $0.05 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.07) by $0.12. The firm had revenue of $606.90 million for the quarter, compared to analysts’ expectations of $580.29 million. During the same quarter in the prior year, the company posted ($0.08) earnings per share. The business’s revenue for the quarter was down 5.8% on a year-over-year basis. Peloton Interactive has set its FY 2025 guidance at EPS. Research analysts forecast that Peloton Interactive will post -0.36 earnings per share for the current fiscal year.

Insider Activity

In related news, CFO Elizabeth F. Coddington sold 238,664 shares of the business’s stock in a transaction that occurred on Tuesday, September 16th. The shares were sold at an average price of $7.85, for a total value of $1,873,512.40. Following the completion of the transaction, the chief financial officer directly owned 346,535 shares in the company, valued at $2,720,299.75. The trade was a 40.78% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Dion C. Sanders sold 127,911 shares of the business’s stock in a transaction that occurred on Tuesday, September 16th. The stock was sold at an average price of $7.78, for a total transaction of $995,147.58. Following the completion of the transaction, the insider owned 110,753 shares of the company’s stock, valued at approximately $861,658.34. The trade was a 53.59% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 1,831,328 shares of company stock valued at $14,643,323 in the last quarter. Insiders own 1.34% of the company’s stock.

Hedge Funds Weigh In On Peloton Interactive

A number of institutional investors and hedge funds have recently modified their holdings of the company. Pacer Advisors Inc. purchased a new stake in Peloton Interactive during the third quarter valued at $17,387,000. Kirr Marbach & Co. LLC IN grew its stake in shares of Peloton Interactive by 0.3% during the 3rd quarter. Kirr Marbach & Co. LLC IN now owns 471,946 shares of the company’s stock valued at $4,248,000 after purchasing an additional 1,464 shares during the period. Farther Finance Advisors LLC grew its stake in shares of Peloton Interactive by 158.3% during the 3rd quarter. Farther Finance Advisors LLC now owns 7,986 shares of the company’s stock valued at $72,000 after purchasing an additional 4,894 shares during the period. Voya Investment Management LLC increased its position in shares of Peloton Interactive by 325.5% during the 3rd quarter. Voya Investment Management LLC now owns 429,929 shares of the company’s stock valued at $3,869,000 after purchasing an additional 328,894 shares during the last quarter. Finally, Assenagon Asset Management S.A. lifted its stake in shares of Peloton Interactive by 70.7% in the 3rd quarter. Assenagon Asset Management S.A. now owns 196,063 shares of the company’s stock worth $1,765,000 after purchasing an additional 81,229 shares during the period. 77.01% of the stock is currently owned by hedge funds and other institutional investors.

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.