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

Key Points

• Peloton Interactive, Inc. (NASDAQ:PTON) has received an average rating of "Hold" from nineteen brokerage firms, with one sell rating, nine hold ratings, eight buy ratings, and one strong buy rating.
• Analysts have set an average one-year price target of $9.36 for Peloton's stock, with notable price target increases from various firms in recent analysis.
• Insiders sold a total of 1,831,328 shares of Peloton stock valued at approximately $14.6 million over the last quarter, representing significant ownership reductions by companies' executives.

Peloton Interactive, Inc. (NASDAQ:PTON - Get Free Report) has earned an average rating of "Hold" from the nineteen ratings firms that are currently covering the stock, Marketbeat.com reports. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating, eight have given a buy rating and one has given a strong buy rating to the company. The average 1-year price target among brokers that have issued a report on the stock in the last year is $9.3567.

A number of equities analysts have recently issued reports on PTON shares. Telsey Advisory Group increased their price objective on shares of Peloton Interactive from $8.00 to $9.00 and gave the company a "market perform" rating in a research note on Thursday, October 2nd. Weiss Ratings restated a "sell (d-)" rating on shares of Peloton Interactive in a research note on Tuesday. Macquarie raised their target price on shares of Peloton Interactive from $10.00 to $11.00 and gave the company an "outperform" rating in a research note on Thursday, August 14th. Morgan Stanley raised their target price on shares of Peloton Interactive from $4.00 to $5.75 and gave the company an "equal weight" rating in a research note on Monday, August 4th. Finally, Zacks Research upgraded shares of Peloton Interactive from a "hold" rating to a "strong-buy" rating in a research note on Monday, October 6th.

Insider Buying and Selling

In other Peloton Interactive news, insider Nick V. Caldwell sold 206,901 shares of the firm's stock in a transaction that occurred on Tuesday, September 16th. The shares were sold at an average price of $7.78, for a total value of $1,609,689.78. Following the completion of the sale, the insider directly owned 737,788 shares in the company, valued at $5,739,990.64. This trade represents a 21.90% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Elizabeth F. Coddington sold 238,664 shares of the firm's stock in a transaction that occurred on Tuesday, September 16th. The shares were sold at an average price of $7.85, for a total transaction of $1,873,512.40. Following the completion of the sale, the chief financial officer owned 346,535 shares of the company's stock, valued at approximately $2,720,299.75. This trade represents a 40.78% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 1,831,328 shares of company stock valued at $14,643,323 over the last quarter. Insiders own 1.34% of the company's stock.

Institutional Investors Weigh In On Peloton Interactive

Several institutional investors and hedge funds have recently made changes to their positions in PTON. Wealth Enhancement Advisory Services LLC acquired a new stake in shares of Peloton Interactive during the fourth quarter worth $108,000. GAMMA Investing LLC lifted its stake in shares of Peloton Interactive by 1,082.5% during the first quarter. GAMMA Investing LLC now owns 8,159 shares of the company's stock worth $52,000 after buying an additional 7,469 shares during the period. SG Americas Securities LLC lifted its stake in shares of Peloton Interactive by 689.7% during the first quarter. SG Americas Securities LLC now owns 117,888 shares of the company's stock worth $745,000 after buying an additional 102,959 shares during the period. FNY Investment Advisers LLC acquired a new stake in shares of Peloton Interactive during the first quarter worth $37,000. Finally, Diversified Trust Co acquired a new stake in shares of Peloton Interactive during the first quarter worth $391,000. 77.01% of the stock is currently owned by institutional investors and hedge funds.

Peloton Interactive Stock Performance

NASDAQ PTON opened at $7.62 on Thursday. The firm's 50 day moving average price is $7.96 and its 200-day moving average price is $7.00. Peloton Interactive has a 52-week low of $4.63 and a 52-week high of $10.90. The company has a market cap of $3.11 billion, a PE ratio of -24.58, a P/E/G ratio of 2.64 and a beta of 2.27.

Peloton Interactive (NASDAQ:PTON - Get Free Report) last released its quarterly earnings data on Thursday, August 7th. The company reported $0.05 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.07) by $0.12. The business had revenue of $606.90 million for the quarter, compared to the consensus estimate of $580.29 million. During the same quarter in the prior year, the business posted ($0.08) earnings per share. Peloton Interactive's revenue for the quarter was down 5.8% on a year-over-year basis. Peloton Interactive has set its FY 2025 guidance at EPS. On average, analysts forecast that Peloton Interactive will post -0.36 earnings per share 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.

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