Peloton Interactive, Inc. (NASDAQ:PTON) Receives $7.94 Average Target Price from Analysts

Peloton Interactive, Inc. (NASDAQ:PTON) has been assigned a consensus rating of “Hold” from the thirteen ratings firms that are currently covering the stock, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and five have issued a buy rating on the company. The average 12 month price objective among brokers that have issued ratings on the stock in the last year is $7.95.

PTON has been the topic of a number of analyst reports. Morgan Stanley lowered shares of Peloton Interactive from an “equal weight” rating to an “underweight” rating and reduced their price objective for the company from $5.00 to $4.50 in a research note on Tuesday. Telsey Advisory Group reissued a “market perform” rating on shares of Peloton Interactive in a research note on Monday, August 3rd. Weiss Ratings upgraded shares of Peloton Interactive from a “sell (d+)” rating to a “hold (c-)” rating in a report on Friday. Wall Street Zen upgraded shares of Peloton Interactive from a “hold” rating to a “buy” rating in a report on Saturday, May 16th. Finally, UBS Group cut their price target on shares of Peloton Interactive from $11.00 to $10.00 and set a “buy” rating on the stock in a research report on Tuesday.

Insider Activity

In related news, CAO Saqib Baig sold 36,439 shares of the company’s stock in a transaction dated Monday, August 17th. The stock was sold at an average price of $5.36, for a total transaction of $195,313.04. Following the sale, the chief accounting officer owned 272,641 shares in the company, valued at $1,461,355.76. This represents a 11.79% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Karen Boone sold 25,000 shares of the firm’s stock in a transaction that occurred 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 sale, the director directly owned 236,063 shares of the company’s stock, valued at $1,262,937.05. This represents a 9.58% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 182,061 shares of company stock valued at $989,779 in the last ninety days. 1.30% of the stock is owned by company insiders.

Institutional Trading of Peloton Interactive

Several large investors have recently modified their holdings of PTON. Allworth Financial LP lifted its position in shares of Peloton Interactive by 61.1% during the 2nd quarter. Allworth Financial LP now owns 13,701 shares of the company’s stock valued at $81,000 after acquiring an additional 5,194 shares during the period. Nykredit A S bought a new position in Peloton Interactive during the second quarter worth $70,000. Corient Private Wealth LP boosted its stake in Peloton Interactive by 477.5% during the second quarter. Corient Private Wealth LP now owns 59,916 shares of the company’s stock worth $354,000 after acquiring an additional 49,541 shares in the last quarter. VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new stake in Peloton Interactive in the second quarter worth $571,000. Finally, California State Teachers Retirement System grew its holdings in Peloton Interactive by 475.4% in the second quarter. California State Teachers Retirement System now owns 2,709,546 shares of the company’s stock worth $16,013,000 after purchasing an additional 2,238,671 shares during the period. Institutional investors and hedge funds own 77.01% of the company’s stock.

Peloton Interactive Stock Down 6.7%

Shares of Peloton Interactive stock opened at $5.04 on Friday. The stock has a market cap of $2.21 billion, a price-to-earnings ratio of 42.00, a P/E/G ratio of 0.47 and a beta of 2.52. The company’s fifty day moving average is $5.81 and its 200 day moving average is $5.26. Peloton Interactive has a twelve month low of $3.65 and a twelve month high of $9.20.

Peloton Interactive (NASDAQ:PTON) last posted its quarterly earnings data on Thursday, August 6th. The company reported $0.13 EPS for the quarter, topping analysts’ consensus estimates of $0.11 by $0.02. The company had revenue of $607.70 million for the quarter, compared to analyst estimates of $596.60 million. Peloton Interactive had a negative return on equity of 23.92% and a net margin of 2.58%.The firm’s quarterly revenue was up .1% on a year-over-year basis. During the same period in the previous year, the firm earned $0.05 earnings per share. As a group, equities analysts anticipate that Peloton Interactive will post 0.28 earnings per share for the current fiscal year.

Trending Headlines about Peloton Interactive

Here are the key news stories impacting Peloton Interactive this week:

• Negative Sentiment: Morgan Stanley downgraded Peloton to Underweight from Equal Weight and reduced its price target to $4.50 from $5.00–$5.50, signaling limited upside and reinforcing selling pressure. Morgan Stanley downgrades Peloton Interactive
• Negative Sentiment: Analyst Nathan Feather said new subscriber additions have fallen approximately 78% from pandemic-era peak levels, raising concerns about Peloton’s ability to expand its connected-fitness platform. Peloton stock trades down
• Negative Sentiment: Morgan Stanley expects continued pressure from consumers shifting toward strength training and traditional gyms. The firm characterized these as structural headwinds that could weigh on subscriber growth and increase churn over time. Morgan Stanley cuts Peloton rating
• Neutral Sentiment: The downgrade was the primary market-moving development highlighted in premarket trading coverage, while no new company operating announcement was reported. Stocks making the biggest moves premarket

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.