Peloton Interactive, Inc. (NASDAQ:PTON) Receives $8.38 Consensus Target Price from Brokerages

Peloton Interactive, Inc. (NASDAQ:PTON) has been assigned an average rating of “Hold” from the twenty analysts that are currently covering the stock, Marketbeat.com reports. Sixteen research analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 1 year price objective among brokerages that have updated their coverage on the stock in the last year is $8.38.

Several research analysts have weighed in on the company. Macquarie reaffirmed a “neutral” rating and set a $9.00 price target on shares of Peloton Interactive in a research report on Monday, February 10th. JMP Securities reaffirmed a “market perform” rating on shares of Peloton Interactive in a research report on Friday, February 7th. UBS Group raised Peloton Interactive from a “sell” rating to a “neutral” rating and boosted their price target for the stock from $2.50 to $10.00 in a research report on Friday, December 6th. The Goldman Sachs Group boosted their price target on Peloton Interactive from $8.00 to $10.00 and gave the stock a “neutral” rating in a research report on Monday, February 10th. Finally, Telsey Advisory Group reaffirmed a “market perform” rating and set a $11.00 price target on shares of Peloton Interactive in a research report on Monday, February 3rd.

Insider Buying and Selling at Peloton Interactive

In other news, CAO Saqib Baig sold 22,662 shares of the business’s stock in a transaction on Wednesday, February 19th. The stock was sold at an average price of $9.75, for a total transaction of $220,954.50. Following the completion of the transaction, the chief accounting officer now owns 130,031 shares of the company’s stock, valued at approximately $1,267,802.25. The trade was a 14.84 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Elizabeth F. Coddington sold 170,819 shares of the business’s stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $9.62, for a total value of $1,643,278.78. Following the transaction, the chief financial officer now directly owns 275,212 shares of the company’s stock, valued at $2,647,539.44. This trade represents a 38.30 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 584,719 shares of company stock valued at $4,958,301 in the last three months. Corporate insiders own 1.34% of the company’s stock.

Hedge Funds Weigh In On Peloton Interactive

A number of institutional investors have recently modified their holdings of the business. Townsquare Capital LLC raised its holdings in shares of Peloton Interactive by 6.5% during the 4th quarter. Townsquare Capital LLC now owns 19,280 shares of the company’s stock worth $168,000 after buying an additional 1,172 shares in the last quarter. PDT Partners LLC increased its holdings in Peloton Interactive by 0.7% in the 3rd quarter. PDT Partners LLC now owns 205,573 shares of the company’s stock worth $962,000 after purchasing an additional 1,373 shares in the last quarter. Comerica Bank increased its holdings in Peloton Interactive by 29.1% in the 4th quarter. Comerica Bank now owns 6,164 shares of the company’s stock worth $54,000 after purchasing an additional 1,389 shares in the last quarter. Cetera Investment Advisers increased its holdings in Peloton Interactive by 9.1% in the 4th quarter. Cetera Investment Advisers now owns 17,144 shares of the company’s stock worth $149,000 after purchasing an additional 1,432 shares in the last quarter. Finally, Victory Capital Management Inc. increased its holdings in Peloton Interactive by 3.8% in the 4th quarter. Victory Capital Management Inc. now owns 42,084 shares of the company’s stock worth $366,000 after purchasing an additional 1,534 shares in the last quarter. Institutional investors and hedge funds own 77.01% of the company’s stock.

Peloton Interactive Stock Performance

Shares of Peloton Interactive stock opened at $6.21 on Wednesday. The business’s 50 day simple moving average is $8.39 and its 200 day simple moving average is $7.40. Peloton Interactive has a 52-week low of $2.70 and a 52-week high of $10.90. The firm has a market cap of $2.42 billion, a PE ratio of -8.06 and a beta of 1.95.

Peloton Interactive (NASDAQ:PTON) last announced its earnings results on Thursday, February 6th. The company reported ($0.24) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.20) by ($0.04). As a group, equities research analysts predict that Peloton Interactive will post -0.36 EPS for the current year.

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.