Peloton Interactive, Inc. (NASDAQ:PTON) Stock Has Consensus Target Price of $7.72 According to Brokerages

Key Points

• Analysts maintain a “Hold” consensus on Peloton, with seven hold, four buy, and one sell rating among 12 analysts. The average 12-month price target is $7.72, above the stock’s reported $5.37 opening price.
• Peloton exceeded quarterly expectations, reporting $0.13 in earnings per share versus the $0.11 consensus and revenue of $607.7 million versus estimates of $596.6 million.
• Insiders sold 217,712 shares worth approximately $1.18 million over the past 90 days, while institutional investors owned 77.01% of the company.

Peloton Interactive, Inc. (NASDAQ:PTON - Get Free Report) has received a consensus recommendation of "Hold" from the twelve analysts that are presently covering the stock, Marketbeat.com reports. One investment analyst has rated the stock with a sell recommendation, seven have assigned a hold recommendation and four have given a buy recommendation to the company. The average twelve-month price target among brokerages that have updated their coverage on the stock in the last year is $7.72.

Several equities analysts recently commented on the stock. Telsey Advisory Group restated a "market perform" rating on shares of Peloton Interactive in a research note on Monday, August 3rd. Morgan Stanley lowered shares of Peloton Interactive from an "equal weight" rating to an "underweight" rating and lowered their price target for the stock from $5.00 to $4.50 in a research report on Tuesday, September 8th. UBS Group dropped their price objective on shares of Peloton Interactive from $11.00 to $10.00 and set a "buy" rating for the company in a research note on Tuesday, September 8th. Finally, Weiss Ratings raised shares of Peloton Interactive from a "sell (d+)" rating to a "hold (c-)" rating in a report on Friday, October 2nd.

Peloton Interactive Price Performance

PTON opened at $5.37 on Monday. The business has a fifty day simple moving average of $5.14 and a 200 day simple moving average of $5.48. The company has a market capitalization of $2.36 billion, a PE ratio of 44.75, a price-to-earnings-growth ratio of 0.42 and a beta of 2.54. Peloton Interactive has a 1 year low of $3.65 and a 1 year high of $7.97.

Peloton Interactive (NASDAQ:PTON - Get Free Report) last posted its quarterly earnings data on Thursday, August 6th. The company reported $0.13 earnings per share for the quarter, topping the consensus estimate of $0.11 by $0.02. The firm had revenue of $607.70 million for the quarter, compared to analysts' expectations of $596.60 million. Peloton Interactive had a negative return on equity of 23.92% and a net margin of 2.58%. The company's quarterly revenue was up .1% compared to the same quarter last year. During the same quarter last year, the business earned $0.05 EPS. Equities analysts anticipate that Peloton Interactive will post 0.31 earnings per share for the current fiscal year.

Insider Buying and Selling at Peloton Interactive

In other news, insider Dion Sanders sold 112,512 shares of the firm's stock in a transaction that occurred on Wednesday, August 19th. The shares were sold at an average price of $5.45, for a total transaction of $613,190.40. Following the transaction, the insider directly owned 18,801 shares of the company's stock, valued at approximately $102,465.45. This trade represents a 85.68% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, COO Charles Kirol sold 28,849 shares of Peloton Interactive stock in a transaction that occurred on Thursday, October 15th. The shares were sold at an average price of $5.33, for a total transaction of $153,765.17. Following the completion of the sale, the chief operating officer owned 197,334 shares of the company's stock, valued at approximately $1,051,790.22. The trade was a 12.75% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 217,712 shares of company stock valued at $1,177,289 over the last ninety days. Company insiders own 1.30% of the company's stock.

Hedge Funds Weigh In On Peloton Interactive

Hedge funds have recently added to or reduced their stakes in the stock. Pale Fire Capital SE lifted its position in shares of Peloton Interactive by 24.0% during the 2nd quarter. Pale Fire Capital SE now owns 7,728,586 shares of the company's stock valued at $45,676,000 after acquiring an additional 1,494,009 shares during the period. Technology Crossover Management IX Ltd. acquired a new stake in shares of Peloton Interactive during the 2nd quarter worth $21,727,601. Pacer Advisors Inc. increased its position in shares of Peloton Interactive by 40.6% in the first quarter. Pacer Advisors Inc. now owns 3,185,534 shares of the company's stock worth $13,666,000 after purchasing an additional 919,754 shares during the period. Kanen Wealth Management LLC bought a new position in shares of Peloton Interactive in the first quarter worth $7,560,000. Finally, Bank of America Corp DE increased its position in shares of Peloton Interactive by 11.7% in the first quarter. Bank of America Corp DE now owns 1,640,981 shares of the company's stock worth $7,040,000 after purchasing an additional 172,211 shares during the period. Institutional investors own 77.01% of the company's stock.

About Peloton Interactive

Peloton Interactive, Inc is a connected-fitness company that combines exercise equipment, digital content and subscription services. Its product portfolio includes the Peloton Bike, Bike+, Tread treadmill, Row rowing machine and related accessories, apparel and fitness products. The company's equipment is designed to connect users with live and on-demand instructor-led workouts through integrated screens and digital platforms.

Peloton offers subscription memberships that provide access to classes in cycling, running, strength training, yoga, meditation, rowing and other fitness disciplines.

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