Brokerages Set Peloton Interactive, Inc. (NASDAQ:PTON) Price Target at $7.50

Peloton Interactive, Inc. (NASDAQ:PTON - Get Free Report) has earned a consensus rating of "Hold" from the twenty-one analysts that are presently covering the firm, MarketBeat.com reports. Three analysts have rated the stock with a sell recommendation, thirteen have assigned a hold recommendation and five have issued a buy recommendation on the company. The average 12-month price target among brokerages that have updated their coverage on the stock in the last year is $7.50.

A number of research analysts recently weighed in on PTON shares. JPMorgan Chase & Co. cut their price objective on Peloton Interactive from $9.00 to $8.00 and set an "overweight" rating on the stock in a research note on Friday, February 2nd. The Goldman Sachs Group lowered their target price on shares of Peloton Interactive from $6.50 to $5.75 and set a "neutral" rating on the stock in a research note on Friday, February 2nd. Morgan Stanley started coverage on shares of Peloton Interactive in a research report on Monday, March 11th. They set an "equal weight" rating and a $3.00 target price for the company. Truist Financial lowered their price target on Peloton Interactive from $7.00 to $6.00 and set a "hold" rating on the stock in a research report on Friday, February 2nd. Finally, Telsey Advisory Group cut their price objective on Peloton Interactive from $6.00 to $5.00 and set a "market perform" rating for the company in a research report on Friday, February 2nd.

Insider Buying and Selling at Peloton Interactive

In related news, CFO Elizabeth F. Coddington sold 8,977 shares of Peloton Interactive stock in a transaction dated Thursday, March 14th. The stock was sold at an average price of $4.34, for a total value of $38,960.18. Following the completion of the transaction, the chief financial officer now directly owns 104,428 shares of the company's stock, valued at $453,217.52. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In related news, CFO Elizabeth F. Coddington sold 8,977 shares of Peloton Interactive stock in a transaction dated Thursday, March 14th. The stock was sold at an average price of $4.34, for a total value of $38,960.18. Following the completion of the sale, the chief financial officer now directly owns 104,428 shares in the company, valued at $453,217.52. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Karen Boone sold 50,000 shares of Peloton Interactive stock in a transaction dated Thursday, February 1st. The stock was sold at an average price of $4.33, for a total value of $216,500.00. Following the completion of the sale, the director now owns 34,966 shares of the company's stock, valued at $151,402.78. The disclosure for this sale can be found here. Company insiders own 3.28% of the company's stock.

Institutional Trading of Peloton Interactive

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Covestor Ltd grew its position in shares of Peloton Interactive by 1,054.2% during the 1st quarter. Covestor Ltd now owns 1,385 shares of the company's stock worth $37,000 after buying an additional 1,265 shares during the period. ICA Group Wealth Management LLC acquired a new position in shares of Peloton Interactive in the 4th quarter valued at approximately $39,000. Captrust Financial Advisors grew its position in shares of Peloton Interactive by 63.0% in the 1st quarter. Captrust Financial Advisors now owns 5,454 shares of the company's stock valued at $144,000 after purchasing an additional 2,109 shares during the period. KBC Group NV acquired a new position in shares of Peloton Interactive in the 4th quarter valued at approximately $45,000. Finally, Rakuten Securities Inc. acquired a new position in shares of Peloton Interactive in the 4th quarter valued at approximately $47,000. 77.01% of the stock is currently owned by institutional investors and hedge funds.

Peloton Interactive Stock Performance

Shares of Peloton Interactive stock traded down $0.17 during trading on Friday, hitting $3.55. 7,786,311 shares of the stock traded hands, compared to its average volume of 10,667,582. The company has a fifty day moving average price of $4.32 and a two-hundred day moving average price of $5.08. Peloton Interactive has a twelve month low of $3.50 and a twelve month high of $10.44. The stock has a market cap of $1.30 billion, a P/E ratio of -1.45 and a beta of 1.96.

Peloton Interactive (NASDAQ:PTON - Get Free Report) last posted its earnings results on Thursday, February 1st. The company reported ($0.54) EPS for the quarter, topping the consensus estimate of ($0.55) by $0.01. The business had revenue of $743.60 million during the quarter, compared to the consensus estimate of $733.17 million. During the same period in the prior year, the firm earned ($0.98) earnings per share. The business's revenue was down 6.2% on a year-over-year basis. On average, equities research analysts expect that Peloton Interactive will post -1.6 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.