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

Shares of Peloton Interactive, Inc. (NASDAQ:PTON) have been assigned a consensus recommendation of “Hold” from the nineteen brokerages that are covering the company, Marketbeat.com reports. One investment analyst has rated the stock with a sell rating, nine have given a hold rating, eight have given a buy rating and one has issued a strong buy rating on the company. The average 1 year target price among brokerages that have updated their coverage on the stock in the last year is $9.3567.

A number of research analysts have recently weighed in on PTON shares. Canaccord Genuity Group reaffirmed a “buy” rating and issued a $10.00 target price on shares of Peloton Interactive in a research note on Thursday, October 2nd. The Goldman Sachs Group reaffirmed a “buy” rating and issued a $11.50 target price on shares of Peloton Interactive in a research note on Thursday, October 2nd. Macquarie lifted their target price on shares of Peloton Interactive from $10.00 to $11.00 and gave the stock an “outperform” rating in a research note on Thursday, August 14th. Needham & Company LLC reaffirmed a “hold” rating on shares of Peloton Interactive in a research note on Thursday, August 7th. Finally, Truist Financial set a $11.00 target price on shares of Peloton Interactive in a research note on Thursday, August 7th.

Peloton Interactive Price Performance

Shares of PTON opened at $7.78 on Thursday. The firm has a 50 day simple moving average of $7.92 and a 200-day simple moving average of $7.06. Peloton Interactive has a 1-year low of $4.63 and a 1-year high of $10.90. The stock has a market cap of $3.17 billion, a price-to-earnings ratio of -25.10, a price-to-earnings-growth ratio of 2.69 and a beta of 2.27.

Peloton Interactive (NASDAQ:PTON) last issued its quarterly earnings data 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 business had revenue of $606.90 million for the quarter, compared to analysts’ expectations of $580.29 million. During the same period last year, the business earned ($0.08) earnings per share. The company’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. On average, equities analysts expect that Peloton Interactive will post -0.36 earnings per share for the current fiscal year.

Insider Transactions at Peloton Interactive

In other Peloton Interactive news, CFO Elizabeth F. Coddington sold 238,664 shares of Peloton Interactive 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 sale, the chief financial officer directly owned 346,535 shares of the company’s stock, valued at approximately $2,720,299.75. The trade was a 40.78% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Nick V. Caldwell sold 206,901 shares of Peloton Interactive 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 $1,609,689.78. Following the completion of the sale, the insider directly owned 737,788 shares of the company’s stock, valued at $5,739,990.64. The trade was a 21.90% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 1,864,467 shares of company stock worth $14,898,015 in the last three months. 1.34% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Peloton Interactive

A number of hedge funds have recently made changes to their positions in the stock. D.A. Davidson & CO. boosted its holdings in shares of Peloton Interactive by 92.1% in the 3rd quarter. D.A. Davidson & CO. now owns 93,557 shares of the company’s stock valued at $842,000 after purchasing an additional 44,849 shares during the last quarter. Allspring Global Investments Holdings LLC boosted its holdings in shares of Peloton Interactive by 124.9% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 548,787 shares of the company’s stock valued at $4,758,000 after purchasing an additional 304,814 shares during the last quarter. VIRGINIA RETIREMENT SYSTEMS ET Al boosted its holdings in shares of Peloton Interactive by 121.0% in the 3rd quarter. VIRGINIA RETIREMENT SYSTEMS ET Al now owns 233,800 shares of the company’s stock valued at $2,104,000 after purchasing an additional 128,000 shares during the last quarter. Pacer Advisors Inc. acquired a new position in shares of Peloton Interactive in the 3rd quarter valued at $17,387,000. Finally, Kirr Marbach & Co. LLC IN boosted its holdings in shares of Peloton Interactive by 0.3% in 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 last quarter. Institutional investors and hedge funds own 77.01% of the company’s stock.

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.