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

Key Points

• Peloton Interactive, Inc. has been assigned an average rating of "Hold" by 19 brokerages, with 11 recommending a hold and 8 recommending a buy, while the average 12-month target price is $8.36.
• The company's recent earnings report showed a loss of ($0.12) earnings per share, missing estimates, while revenue totaled $624 million, a 13.1% decrease from the previous year.
• Insiders sold a significant amount of stock recently, including CFO Elizabeth Coddington, who sold 38,708 shares, indicating potential shifts in investor confidence.

Peloton Interactive, Inc. (NASDAQ:PTON - Get Free Report) has been assigned an average rating of "Hold" from the nineteen brokerages that are currently covering the company, MarketBeat.com reports. Eleven equities research analysts have rated the stock with a hold recommendation and eight have assigned a buy recommendation to the company. The average 12-month target price among analysts that have covered the stock in the last year is $8.36.

A number of equities analysts have issued reports on the stock. Deutsche Bank Aktiengesellschaft raised shares of Peloton Interactive from a "hold" rating to a "buy" rating and set a $6.60 target price on the stock in a report on Monday, April 14th. Truist Financial raised Peloton Interactive from a "hold" rating to a "buy" rating and set a $11.00 price target on the stock in a report on Monday, April 28th. UBS Group upgraded Peloton Interactive from a "neutral" rating to a "buy" rating and upped their price objective for the stock from $7.50 to $11.00 in a research note on Wednesday. Bank of America dropped their target price on Peloton Interactive from $11.50 to $9.50 and set a "buy" rating on the stock in a research report on Tuesday, April 15th. Finally, JMP Securities reissued a "market perform" rating on shares of Peloton Interactive in a report on Monday, April 14th.

Peloton Interactive Price Performance

Peloton Interactive stock opened at $6.60 on Friday. Peloton Interactive has a 12 month low of $2.83 and a 12 month high of $10.90. The company has a fifty day moving average price of $6.74 and a two-hundred day moving average price of $6.95. The company has a market cap of $2.57 billion, a PE ratio of -15.00 and a beta of 2.08.

Peloton Interactive (NASDAQ:PTON - Get Free Report) last issued its earnings results on Thursday, May 8th. The company reported ($0.12) earnings per share for the quarter, missing analysts' consensus estimates of ($0.06) by ($0.06). The business had revenue of $624.00 million for the quarter, compared to the consensus estimate of $620.39 million. During the same quarter last year, the business earned ($0.45) earnings per share. The business's revenue for the quarter was down 13.1% compared to the same quarter last year. Equities research analysts anticipate that Peloton Interactive will post -0.36 earnings per share for the current year.

Insider Buying and Selling

In related news, CFO Elizabeth F. Coddington sold 38,708 shares of the firm's stock in a transaction that occurred on Monday, June 16th. The shares were sold at an average price of $6.96, for a total transaction of $269,407.68. Following the transaction, the chief financial officer owned 294,342 shares in the company, valued at $2,048,620.32. This trade represents a 11.62% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Jennifer Cunningham Cotter sold 145,622 shares of the company's stock in a transaction that occurred on Friday, May 16th. The stock was sold at an average price of $6.25, for a total value of $910,137.50. Following the completion of the sale, the insider owned 235,439 shares of the company's stock, valued at $1,471,493.75. This trade represents a 38.21% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 576,585 shares of company stock worth $3,688,758. Company insiders own 1.34% of the company's stock.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the company. Raymond James Financial Inc. acquired a new stake in Peloton Interactive in the 4th quarter valued at about $1,158,000. Sei Investments Co. lifted its stake in Peloton Interactive by 621.4% during the fourth quarter. Sei Investments Co. now owns 142,388 shares of the company's stock valued at $1,239,000 after purchasing an additional 122,649 shares during the last quarter. Vanguard Group Inc. boosted its holdings in Peloton Interactive by 4.9% during the fourth quarter. Vanguard Group Inc. now owns 35,059,790 shares of the company's stock worth $305,020,000 after buying an additional 1,645,640 shares in the last quarter. Pictet Asset Management Holding SA boosted its holdings in Peloton Interactive by 17.6% during the fourth quarter. Pictet Asset Management Holding SA now owns 43,637 shares of the company's stock worth $380,000 after buying an additional 6,528 shares in the last quarter. Finally, O Shaughnessy Asset Management LLC grew its position in Peloton Interactive by 52.2% in the fourth quarter. O Shaughnessy Asset Management LLC now owns 27,680 shares of the company's stock worth $241,000 after buying an additional 9,490 shares during the last quarter. Institutional investors own 77.01% of the company's stock.

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.

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