Peloton Interactive, Inc. (NASDAQ:PTON) Receives $8.69 Consensus PT from Brokerages

Peloton Interactive, Inc. (NASDAQ:PTON) has earned a consensus recommendation of “Hold” from the twenty brokerages that are covering the stock, MarketBeat.com reports. Fifteen research analysts have rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average 1 year price target among brokerages that have issued ratings on the stock in the last year is $8.69.

PTON has been the subject of a number of research reports. The Goldman Sachs Group boosted their target price on shares of Peloton Interactive from $8.00 to $10.00 and gave the company a “neutral” rating in a research note on Monday, February 10th. Macquarie reissued a “neutral” rating and issued a $9.00 target price on shares of Peloton Interactive in a report on Monday, February 10th. Citigroup cut their price target on Peloton Interactive from $11.00 to $10.00 and set a “neutral” rating for the company in a research note on Monday, February 10th. Needham & Company LLC reiterated a “hold” rating on shares of Peloton Interactive in a research note on Thursday, February 6th. Finally, Telsey Advisory Group restated a “market perform” rating and set a $11.00 target price on shares of Peloton Interactive in a research report on Monday, February 3rd.

Insiders Place Their Bets

In other Peloton Interactive news, insider Nick V. Caldwell sold 68,727 shares of the business’s stock in a transaction that occurred on Monday, March 17th. The stock was sold at an average price of $6.59, for a total transaction of $452,910.93. Following the sale, the insider now directly owns 474,234 shares of the company’s stock, valued at $3,125,202.06. The trade was a 12.66 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Jennifer Cunningham Cotter sold 187,238 shares of the firm’s stock in a transaction that occurred on Thursday, March 6th. The shares were sold at an average price of $6.45, for a total value of $1,207,685.10. Following the completion of the sale, the insider now directly owns 100,269 shares of the company’s stock, valued at $646,735.05. The trade was a 65.12 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 674,338 shares of company stock valued at $5,522,838 in the last quarter. 1.34% of the stock is currently owned by insiders.

Institutional Trading of Peloton Interactive

Institutional investors have recently bought and sold shares of the stock. Wealth Enhancement Advisory Services LLC bought a new position in Peloton Interactive during the fourth quarter valued at $108,000. Carolinas Wealth Consulting LLC purchased a new position in shares of Peloton Interactive during the 4th quarter worth about $87,000. Garde Capital Inc. grew its holdings in Peloton Interactive by 96.0% during the 4th quarter. Garde Capital Inc. now owns 459,427 shares of the company’s stock valued at $3,997,000 after purchasing an additional 225,000 shares during the last quarter. Mackenzie Financial Corp raised its position in Peloton Interactive by 497.8% in the 4th quarter. Mackenzie Financial Corp now owns 128,810 shares of the company’s stock worth $1,121,000 after purchasing an additional 107,264 shares during the period. Finally, Castleark Management LLC bought a new stake in Peloton Interactive in the fourth quarter worth about $3,507,000. 77.01% of the stock is currently owned by institutional investors.

Peloton Interactive Trading Down 6.9 %

Peloton Interactive stock opened at $5.03 on Friday. Peloton Interactive has a 12 month low of $2.70 and a 12 month high of $10.90. The stock has a fifty day simple moving average of $7.47 and a two-hundred day simple moving average of $7.63. The firm has a market cap of $1.96 billion, a price-to-earnings ratio of -6.53 and a beta of 2.21.

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

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.