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

Key Points

• Analysts give Peloton a consensus "Hold" rating (14 firms: 1 sell / 8 hold / 5 buy) with an average 12‑month target of $8.60, though several brokers recently cut targets to the $5–$6 range while UBS reaffirmed a buy.
• Peloton missed quarterly estimates, reporting EPS of ($0.09) vs. ($0.07) expected and revenue of $656.5M vs. $675M expected, with revenue down 2.5% year‑over‑year.
• Insiders have sold about 949,584 shares (~$4.05M) over the past 90 days, even as institutional investors materially increased positions (DNB, Alyeska, Schonfeld, Norges Bank), leaving institutions with roughly 77% ownership.

Peloton Interactive, Inc. (NASDAQ:PTON - Get Free Report) has earned a consensus recommendation of "Hold" from the fourteen ratings firms that are covering the firm, MarketBeat.com reports. One equities research analyst has rated the stock with a sell recommendation, eight have given a hold recommendation and five have given a buy recommendation to the company. The average 12-month target price among brokerages that have updated their coverage on the stock in the last year is $8.60.

A number of analysts recently weighed in on PTON shares. Telsey Advisory Group decreased their target price on shares of Peloton Interactive from $8.00 to $6.00 and set a "market perform" rating on the stock in a report on Friday, February 6th. JPMorgan Chase & Co. decreased their target price on shares of Peloton Interactive from $9.00 to $6.00 and set a "neutral" rating on the stock in a report on Friday, February 6th. Citigroup decreased their target price on shares of Peloton Interactive from $8.25 to $5.00 and set a "neutral" rating on the stock in a report on Thursday, February 12th. UBS Group reaffirmed a "buy" rating on shares of Peloton Interactive in a report on Tuesday, February 3rd. Finally, Wall Street Zen lowered shares of Peloton Interactive from a "buy" rating to a "hold" rating in a report on Saturday, April 18th.

Insider Transactions at Peloton Interactive

In other news, insider Dion C. Sanders sold 146,844 shares of the stock in a transaction on Friday, February 20th. The shares were sold at an average price of $4.41, for a total value of $647,582.04. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Nick V. Caldwell sold 50,570 shares of the stock in a transaction on Tuesday, February 17th. The stock was sold at an average price of $4.15, for a total transaction of $209,865.50. Following the completion of the transaction, the insider directly owned 807,847 shares in the company, valued at $3,352,565.05. The trade was a 5.89% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders have sold 949,584 shares of company stock worth $4,048,638. Company insiders own 1.30% of the company's stock.

Hedge Funds Weigh In On Peloton Interactive

A number of institutional investors have recently made changes to their positions in PTON. DNB Asset Management AS increased its holdings in shares of Peloton Interactive by 142.4% in the 4th quarter. DNB Asset Management AS now owns 10,776,627 shares of the company's stock worth $66,384,000 after buying an additional 6,331,510 shares during the last quarter. Hennessy Advisors Inc. bought a new position in shares of Peloton Interactive during the 4th quarter valued at $30,533,000. Alyeska Investment Group L.P. grew its holdings in shares of Peloton Interactive by 306.0% during the 4th quarter. Alyeska Investment Group L.P. now owns 5,462,344 shares of the company's stock valued at $33,648,000 after purchasing an additional 4,116,986 shares during the last quarter. Norges Bank bought a new position in shares of Peloton Interactive during the 4th quarter valued at $23,796,000. Finally, Schonfeld Strategic Advisors LLC grew its holdings in shares of Peloton Interactive by 113.1% during the 4th quarter. Schonfeld Strategic Advisors LLC now owns 6,331,853 shares of the company's stock valued at $39,004,000 after purchasing an additional 3,360,183 shares during the last quarter. Institutional investors own 77.01% of the company's stock.

Peloton Interactive Stock Performance

Peloton Interactive stock opened at $5.36 on Monday. The firm's 50 day simple moving average is $4.40 and its 200 day simple moving average is $5.69. The firm has a market capitalization of $2.28 billion, a PE ratio of -41.23, a price-to-earnings-growth ratio of 0.88 and a beta of 2.50. Peloton Interactive has a 1-year low of $3.65 and a 1-year high of $9.20.

Peloton Interactive (NASDAQ:PTON - Get Free Report) last posted its earnings results on Thursday, February 5th. The company reported ($0.09) earnings per share for the quarter, missing analysts' consensus estimates of ($0.07) by ($0.02). The company had revenue of $656.50 million for the quarter, compared to analyst estimates of $675.04 million. The company's revenue for the quarter was down 2.5% compared to the same quarter last year. During the same quarter in the previous year, the business earned ($0.24) earnings per share. Research analysts forecast that Peloton Interactive will post 0.14 earnings per share for the current year.

Peloton Interactive Company Profile

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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