Peloton Interactive, Inc. (NASDAQ:PTON) Stock Has Average Price Target of $7.95 According to Brokerages

Shares of Peloton Interactive, Inc. (NASDAQ:PTON) have been given an average rating of “Hold” by the twelve ratings firms that are presently covering the company, Marketbeat.com reports. Two equities research analysts have rated the stock with a sell recommendation, six have given a hold recommendation and four have assigned a buy recommendation to the company. The average 1-year price objective among analysts that have issued ratings on the stock in the last year is $7.72.

Several analysts recently issued reports on PTON shares. Weiss Ratings cut shares of Peloton Interactive from a “hold (c-)” rating to a “sell (d+)” rating in a report on Friday, September 18th. Morgan Stanley lowered shares of Peloton Interactive from an “equal weight” rating to an “underweight” rating and decreased their price objective for the stock from $5.00 to $4.50 in a report on Tuesday, September 8th. Telsey Advisory Group reissued a “market perform” rating on shares of Peloton Interactive in a research report on Monday, August 3rd. Finally, UBS Group cut their target price on shares of Peloton Interactive from $11.00 to $10.00 and set a “buy” rating on the stock in a research note on Tuesday, September 8th.

Insider Buying and Selling

In other Peloton Interactive news, Director Karen Boone sold 25,000 shares of the stock in a transaction that occurred on Monday, August 17th. The stock was sold at an average price of $5.35, for a total transaction of $133,750.00. Following the transaction, the director owned 236,063 shares of the company’s stock, valued at $1,262,937.05. This trade represents a 9.58% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Dion C. Sanders sold 112,512 shares of Peloton Interactive stock in a transaction that occurred on Wednesday, August 19th. The stock was sold at an average price of $5.45, for a total value of $613,190.40. Following the completion of the transaction, the insider owned 18,801 shares of the company’s stock, valued at approximately $102,465.45. The trade was a 85.68% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last three months, insiders sold 182,061 shares of company stock worth $989,779. Corporate insiders own 1.30% of the company’s stock.

Institutional Investors Weigh In On Peloton Interactive

Institutional investors have recently made changes to their positions in the company. Eminence Capital LP lifted its stake in Peloton Interactive by 20.3% during the fourth quarter. Eminence Capital LP now owns 18,154,907 shares of the company’s stock worth $111,834,000 after purchasing an additional 3,069,497 shares during the last quarter. Pale Fire Capital SE increased its stake in Peloton Interactive by 24.0% during the second quarter. Pale Fire Capital SE now owns 7,728,586 shares of the company’s stock valued at $45,676,000 after purchasing an additional 1,494,009 shares during the last quarter. Norges Bank bought a new stake in Peloton Interactive during the fourth quarter valued at $23,796,000. Technology Crossover Management IX Ltd. acquired a new stake in shares of Peloton Interactive during the second quarter worth $21,727,601. Finally, CastleKnight Management LP raised its holdings in shares of Peloton Interactive by 3.6% during the fourth quarter. CastleKnight Management LP now owns 2,405,200 shares of the company’s stock worth $14,816,000 after purchasing an additional 84,300 shares during the period. 77.01% of the stock is currently owned by institutional investors.

Peloton Interactive Stock Down 1.0%

PTON stock opened at $4.92 on Thursday. Peloton Interactive has a 52-week low of $3.65 and a 52-week high of $9.20. The stock’s 50 day moving average is $5.40 and its two-hundred day moving average is $5.37. The company has a market capitalization of $2.16 billion, a PE ratio of 41.00, a P/E/G ratio of 0.39 and a beta of 2.54.

Peloton Interactive (NASDAQ:PTON) last released its earnings results on Thursday, August 6th. The company reported $0.13 EPS for the quarter, beating the consensus estimate 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 company had revenue of $607.70 million during the quarter, compared to analysts’ expectations of $596.60 million. During the same period in the prior year, the business posted $0.05 EPS. The business’s revenue was up .1% on a year-over-year basis. As a group, sell-side analysts anticipate that Peloton Interactive will post 0.31 EPS for the current year.

About Peloton Interactive

Peloton Interactive, Inc is a connected fitness company that combines exercise equipment, digital technology and subscription-based workout content. Its platform provides instructor-led and on-demand classes across cycling, running, strength training, rowing, yoga, meditation and other fitness activities.

Peloton’s product portfolio includes the Peloton Bike and Bike+, Tread treadmill, Row rowing machine and Guide strength-training device. The company also offers a standalone Peloton App, which gives members access to digital classes and wellness content on compatible devices without requiring Peloton hardware.

Founded in 2012, Peloton initially built its business around connected indoor cycling before expanding into additional equipment and digital fitness services.