Peloton Interactive, Inc. (NASDAQ:PTON) Receives $7.50 Average PT from Brokerages

Shares of Peloton Interactive, Inc. (NASDAQ:PTON) have been given an average recommendation of “Hold” by the twenty brokerages that are covering the company, Marketbeat Ratings reports. Three research analysts have rated the stock with a sell recommendation, twelve have given a hold recommendation and five have assigned a buy recommendation to the company. The average 1 year target price among brokerages that have covered the stock in the last year is $7.50.

A number of equities research analysts have recently issued reports on PTON shares. Morgan Stanley started coverage on shares of Peloton Interactive in a research note on Monday, March 11th. They issued an “equal weight” rating and a $3.00 price objective for the company. Telsey Advisory Group cut their price objective on shares of Peloton Interactive from $6.00 to $5.00 and set a “market perform” rating for the company in a research note on Friday, February 2nd. The Goldman Sachs Group cut their price objective on shares of Peloton Interactive from $6.50 to $5.75 and set a “neutral” rating for the company in a research note on Friday, February 2nd. Truist Financial cut their price objective on shares of Peloton Interactive from $7.00 to $6.00 and set a “hold” rating for the company in a research note on Friday, February 2nd. Finally, JPMorgan Chase & Co. cut their price objective on shares of Peloton Interactive from $9.00 to $8.00 and set an “overweight” rating for the company in a research note on Friday, February 2nd.

Peloton Interactive Price Performance

Shares of NASDAQ:PTON opened at $3.06 on Friday. The company’s fifty day moving average price is $4.22 and its 200-day moving average price is $5.02. The firm has a market capitalization of $1.12 billion, a price-to-earnings ratio of -1.25 and a beta of 1.96. Peloton Interactive has a one year low of $3.02 and a one year high of $9.87.

Peloton Interactive (NASDAQ:PTON) last issued its quarterly earnings results on Thursday, February 1st. The company reported ($0.54) EPS for the quarter, topping analysts’ consensus estimates of ($0.55) by $0.01. The company had revenue of $743.60 million during the quarter, compared to the consensus estimate of $733.17 million. During the same period in the previous year, the company earned ($0.98) EPS. Peloton Interactive’s quarterly revenue was down 6.2% on a year-over-year basis. As a group, equities research analysts expect that Peloton Interactive will post -1.6 EPS for the current year.

Insider Transactions at Peloton Interactive

In other news, CFO Elizabeth F. Coddington sold 8,977 shares of the firm’s stock in a transaction dated Thursday, March 14th. The shares were sold at an average price of $4.34, for a total value of $38,960.18. Following the completion of the sale, the chief financial officer now directly owns 104,428 shares of the company’s stock, valued at approximately $453,217.52. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. In related news, Director Karen Boone sold 50,000 shares of the stock in a transaction dated Thursday, February 1st. The shares were sold at an average price of $4.33, for a total value of $216,500.00. Following the completion of the transaction, the director now directly owns 34,966 shares in the company, valued at approximately $151,402.78. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO Elizabeth F. Coddington sold 8,977 shares of the stock in a transaction dated Thursday, March 14th. The stock was sold at an average price of $4.34, for a total transaction of $38,960.18. Following the completion of the transaction, the chief financial officer now owns 104,428 shares of the company’s stock, valued at $453,217.52. The disclosure for this sale can be found here. Corporate insiders own 3.28% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the business. Cetera Advisor Networks LLC increased its stake in Peloton Interactive by 34.6% during the 1st quarter. Cetera Advisor Networks LLC now owns 8,077 shares of the company’s stock valued at $213,000 after purchasing an additional 2,078 shares in the last quarter. Private Advisor Group LLC increased its stake in Peloton Interactive by 44.6% during the 1st quarter. Private Advisor Group LLC now owns 12,635 shares of the company’s stock valued at $334,000 after purchasing an additional 3,896 shares in the last quarter. MetLife Investment Management LLC bought a new stake in Peloton Interactive during the 1st quarter valued at about $509,000. Panagora Asset Management Inc. increased its stake in Peloton Interactive by 18.6% during the 1st quarter. Panagora Asset Management Inc. now owns 21,337 shares of the company’s stock valued at $564,000 after purchasing an additional 3,347 shares in the last quarter. Finally, Rhumbline Advisers increased its stake in Peloton Interactive by 1.7% during the 1st quarter. Rhumbline Advisers now owns 263,774 shares of the company’s stock valued at $6,969,000 after purchasing an additional 4,384 shares in the last quarter. 77.01% of the stock is currently owned by institutional investors.

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.