Peloton Interactive, Inc. (NASDAQ:PTON) Given Consensus Rating of "Hold" by Brokerages

Key Points

• Peloton has a consensus “Hold” rating from 13 brokerages: seven hold, five buy and one sell. The average 12-month price target is $7.94, compared with the stock’s recent price of $5.40.
• Peloton’s latest quarterly results exceeded expectations, with adjusted earnings of $0.13 per share versus the $0.11 consensus and revenue of $607.7 million versus $596.6 million expected.
• Insiders sold 187,061 shares worth approximately $1.02 million over the past quarter, while institutional investors own 77.01% of the company.

Peloton Interactive, Inc. (NASDAQ:PTON - Get Free Report) has been given a consensus recommendation of "Hold" by the thirteen brokerages that are currently covering the stock, Marketbeat.com reports. One analyst has rated the stock with a sell rating, seven have given a hold rating and five have issued a buy rating on the company. The average 12 month price objective among brokers that have updated their coverage on the stock in the last year is $7.9444.

A number of equities analysts have commented on the stock. Wall Street Zen raised shares of Peloton Interactive from a "hold" rating to a "buy" rating in a research note on Saturday, May 16th. UBS Group restated a "buy" rating on shares of Peloton Interactive in a report on Monday, June 15th. Telsey Advisory Group reaffirmed a "market perform" rating on shares of Peloton Interactive in a research report on Monday, August 3rd. Finally, Weiss Ratings reiterated a "sell (d+)" rating on shares of Peloton Interactive in a report on Friday, August 21st.

Insider Buying and Selling at Peloton Interactive

In other news, insider Dion Sanders sold 112,512 shares of the company's stock in a transaction 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 transaction, the insider owned 18,801 shares of the company's stock, valued at $102,465.45. This represents a 85.68% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CAO Saqib Baig sold 4,912 shares of the stock in a transaction on Wednesday, August 19th. The stock was sold at an average price of $5.45, for a total value of $26,770.40. Following the transaction, the chief accounting officer owned 267,729 shares of the company's stock, valued at approximately $1,459,123.05. This represents a 1.80% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 187,061 shares of company stock worth $1,018,079 over the last quarter. 1.30% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Peloton Interactive

Institutional investors and hedge funds have recently made changes to their positions in the stock. Jackson Creek Investment Advisors LLC acquired a new position in Peloton Interactive during the fourth quarter worth $1,110,000. Vanguard Group Inc. boosted its position in shares of Peloton Interactive by 1.5% during the fourth quarter. Vanguard Group Inc. now owns 39,227,591 shares of the company's stock worth $241,642,000 after buying an additional 591,300 shares during the period. Ardmore Road Asset Management LP grew its stake in shares of Peloton Interactive by 187.9% in the first quarter. Ardmore Road Asset Management LP now owns 1,500,000 shares of the company's stock valued at $6,435,000 after buying an additional 979,058 shares in the last quarter. Bastion Asset Management Inc. purchased a new stake in shares of Peloton Interactive in the 1st quarter valued at $7,020,000. Finally, Kanen Wealth Management LLC acquired a new position in Peloton Interactive during the 1st quarter worth about $7,560,000. 77.01% of the stock is owned by hedge funds and other institutional investors.

Peloton Interactive Stock Performance

NASDAQ PTON opened at $5.40 on Friday. The stock's fifty day moving average is $5.83 and its two-hundred day moving average is $5.24. The firm has a market capitalization of $2.37 billion, a P/E ratio of 45.00, a price-to-earnings-growth ratio of 0.47 and a beta of 2.52. Peloton Interactive has a fifty-two week low of $3.65 and a fifty-two week high of $9.20.

Peloton Interactive (NASDAQ:PTON - Get Free Report) last issued its earnings results on Thursday, August 6th. The company reported $0.13 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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 business had revenue of $607.70 million during the quarter, compared to the consensus estimate of $596.60 million. During the same period last year, the company earned $0.05 EPS. The company's revenue for the quarter was up .1% on a year-over-year basis. As a group, sell-side analysts forecast that Peloton Interactive will post 0.28 EPS for the current year.

About Peloton Interactive

Peloton Interactive, Inc operates a digital fitness platform that combines connected exercise equipment with live and on-demand workout classes. The company's core products include stationary bikes (Peloton Bike and Bike+), treadmills (Peloton Tread and Tread+), and the Peloton Row. Each device integrates a touchscreen display that streams instructor-led cycling, running, strength, yoga, meditation and other fitness classes. Peloton generates recurring revenue through subscription plans, which grant users access to its growing library of workouts, performance tracking tools and community features.

Founded in 2012 by John Foley and headquartered in New York City, Peloton set out to deliver an immersive home-fitness experience by blending hardware, software and content.

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