Brokerages Set Peloton Interactive, Inc. (NASDAQ:PTON) PT at $4.52

Shares of Peloton Interactive, Inc. (NASDAQ:PTON) have been assigned an average rating of “Hold” from the twenty ratings firms that are currently covering the company, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, seventeen have issued a hold recommendation and two have given a buy recommendation to the company. The average 12 month price target among analysts that have updated their coverage on the stock in the last year is $4.52.

PTON has been the subject of several recent analyst reports. TD Cowen upped their price target on Peloton Interactive from $3.00 to $4.00 and gave the stock a “hold” rating in a research note on Friday, August 23rd. BMO Capital Markets reiterated a “market perform” rating and set a $6.50 price target on shares of Peloton Interactive in a research note on Tuesday, October 1st. Morgan Stanley upped their price target on Peloton Interactive from $2.50 to $3.50 and gave the stock an “equal weight” rating in a research note on Friday, August 23rd. Wolfe Research initiated coverage on Peloton Interactive in a research note on Tuesday, July 16th. They set a “peer perform” rating for the company. Finally, Telsey Advisory Group upped their price target on Peloton Interactive from $4.00 to $5.00 and gave the stock a “market perform” rating in a research note on Friday, August 23rd.

Peloton Interactive Trading Up 0.4 %

NASDAQ:PTON opened at $4.74 on Friday. The firm has a market capitalization of $1.76 billion, a price-to-earnings ratio of -2.24 and a beta of 2.04. Peloton Interactive has a 1-year low of $2.70 and a 1-year high of $7.24. The business’s fifty day moving average price is $4.19 and its 200 day moving average price is $3.82.

Peloton Interactive (NASDAQ:PTON) last issued its earnings results on Thursday, August 22nd. The company reported ($0.08) EPS for the quarter, beating analysts’ consensus estimates of ($0.18) by $0.10. The firm had revenue of $644.00 million during the quarter, compared to analysts’ expectations of $633.00 million. During the same quarter last year, the firm earned ($0.68) EPS. The business’s revenue for the quarter was up .3% compared to the same quarter last year. Equities analysts forecast that Peloton Interactive will post -0.65 earnings per share for the current year.

Insiders Place Their Bets

In other Peloton Interactive news, CEO Chris Bruzzo sold 15,113 shares of the firm’s stock in a transaction that occurred on Thursday, August 1st. The stock was sold at an average price of $3.42, for a total value of $51,686.46. Following the completion of the sale, the chief executive officer now owns 97,433 shares in the company, valued at approximately $333,220.86. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, CFO Elizabeth F. Coddington sold 36,819 shares of the firm’s stock in a transaction that occurred on Monday, September 16th. The stock was sold at an average price of $4.74, for a total transaction of $174,522.06. Following the completion of the transaction, the chief financial officer now owns 171,466 shares in the company, valued at $812,748.84. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Chris Bruzzo sold 15,113 shares of Peloton Interactive stock in a transaction on Thursday, August 1st. The shares were sold at an average price of $3.42, for a total value of $51,686.46. Following the completion of the transaction, the chief executive officer now owns 97,433 shares of the company’s stock, valued at approximately $333,220.86. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 158,016 shares of company stock worth $722,587. 3.28% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Peloton Interactive

Several institutional investors have recently bought and sold shares of the business. Vanguard Group Inc. increased its stake in shares of Peloton Interactive by 4.0% in the 1st quarter. Vanguard Group Inc. now owns 31,554,832 shares of the company’s stock valued at $135,212,000 after buying an additional 1,215,397 shares during the period. DNB Asset Management AS increased its stake in shares of Peloton Interactive by 42.4% in the 2nd quarter. DNB Asset Management AS now owns 12,130,553 shares of the company’s stock valued at $40,880,000 after buying an additional 3,611,069 shares during the period. DME Capital Management LP acquired a new stake in shares of Peloton Interactive in the 2nd quarter valued at $22,947,000. Patient Capital Management LLC increased its stake in shares of Peloton Interactive by 32.7% in the 4th quarter. Patient Capital Management LLC now owns 6,196,285 shares of the company’s stock valued at $37,735,000 after buying an additional 1,527,471 shares during the period. Finally, Clearline Capital LP acquired a new stake in shares of Peloton Interactive in the 2nd quarter valued at $7,527,000. Institutional investors own 77.01% of the company’s stock.

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.