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

Key Points

• Peloton has a consensus “Hold” rating from 13 analysts: seven holds, five buys and one sell. The average 12-month price target is approximately $7.94, versus a recent share price of $5.60.
• Peloton reported quarterly EPS of $0.13, beating expectations of $0.11, while revenue reached $607.7 million versus the $596.6 million consensus estimate.
• Institutional investors own 77.01% of the company, while insiders sold 160,769 shares worth $844,525 during the latest quarter; the CFO’s sale was conducted under a pre-arranged Rule 10b5-1 plan.

Peloton Interactive, Inc. (NASDAQ:PTON - Get Free Report) has been assigned a consensus rating of "Hold" from the thirteen ratings firms that are covering the company, Marketbeat reports. One analyst has rated the stock with a sell recommendation, seven have assigned a hold recommendation and five have assigned a buy recommendation to the company. The average twelve-month price objective among brokers that have updated their coverage on the stock in the last year is $7.9444.

A number of brokerages recently weighed in on PTON. Telsey Advisory Group reissued a "market perform" rating on shares of Peloton Interactive in a research report on Monday, August 3rd. Weiss Ratings raised Peloton Interactive from a "sell (d)" rating to a "sell (d+)" rating in a report on Tuesday, May 26th. UBS Group reiterated a "buy" rating on shares of Peloton Interactive in a research report on Monday, June 15th. The Goldman Sachs Group boosted their target price on Peloton Interactive from $7.00 to $8.00 and gave the company a "buy" rating in a report on Friday, May 8th. Finally, Wall Street Zen raised Peloton Interactive from a "hold" rating to a "buy" rating in a research report on Saturday, May 16th.

Insider Buying and Selling

In other news, CFO Saqib Baig sold 5,000 shares of Peloton Interactive stock in a transaction on Tuesday, June 9th. The shares were sold at an average price of $5.66, for a total value of $28,300.00. Following the transaction, the chief financial officer directly owned 234,046 shares of the company's stock, valued at $1,324,700.36. The trade was a 2.09% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Dion C. Sanders sold 112,523 shares of the company's stock in a transaction on Wednesday, May 20th. The shares were sold at an average price of $5.19, for a total transaction of $583,994.37. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last quarter, insiders sold 160,769 shares of company stock valued at $844,525. 1.30% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Vanguard Group Inc. boosted its stake in shares of Peloton Interactive by 1.5% during the fourth quarter. Vanguard Group Inc. now owns 39,227,591 shares of the company's stock worth $241,642,000 after buying an additional 591,300 shares during the period. Eminence Capital LP increased its position in Peloton Interactive by 20.3% in the 4th quarter. Eminence Capital LP now owns 18,154,907 shares of the company's stock valued at $111,834,000 after acquiring an additional 3,069,497 shares during the period. DNB Asset Management AS raised its stake in Peloton Interactive by 142.4% during the 4th quarter. DNB Asset Management AS now owns 10,776,627 shares of the company's stock valued at $66,384,000 after acquiring an additional 6,331,510 shares during the last quarter. Geode Capital Management LLC raised its stake in Peloton Interactive by 3.9% during the 4th quarter. Geode Capital Management LLC now owns 9,741,115 shares of the company's stock valued at $60,015,000 after acquiring an additional 369,614 shares during the last quarter. Finally, Goldman Sachs Group Inc. lifted its position in Peloton Interactive by 27.1% during the 1st quarter. Goldman Sachs Group Inc. now owns 7,056,642 shares of the company's stock worth $44,598,000 after acquiring an additional 1,503,680 shares during the period. 77.01% of the stock is currently owned by institutional investors and hedge funds.

Peloton Interactive Trading Up 1.6%

PTON stock opened at $5.60 on Wednesday. The stock has a market cap of $2.42 billion, a P/E ratio of 46.67, a PEG ratio of 0.36 and a beta of 2.52. Peloton Interactive has a twelve month low of $3.65 and a twelve month high of $9.20. The company's 50 day moving average is $5.94 and its two-hundred day moving average is $5.22.

Peloton Interactive (NASDAQ:PTON - Get Free Report) last issued its earnings results on Thursday, August 6th. The company reported $0.13 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.11 by $0.02. The business had revenue of $607.70 million during the quarter, compared to analysts' expectations of $596.60 million. Peloton Interactive had a net margin of 2.58% and a negative return on equity of 23.92%. The company's revenue for the quarter was up .1% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.05 EPS. On average, equities research analysts predict that Peloton Interactive will post 0.3 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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