Peloton Interactive, Inc. (NASDAQ:PTON) Receives $9.29 Consensus Price Target from Analysts

Key Points

• Peloton Interactive, Inc. has received a consensus rating of "Hold" from 17 research firms, with an average 12-month price target of $9.29.
• Recent insider transactions include sales by Nick V. Caldwell and CAO Saqib Baig, indicating a decrease in insider ownership as insiders sold almost 1 million shares in the last three months.
• Peloton reported $0.05 EPS for the last quarter, exceeding analysts' expectations, but revenue fell 5.8% year-over-year, prompting forecasting of a -0.36 EPS for the current year.

Shares of Peloton Interactive, Inc. (NASDAQ:PTON - Get Free Report) have earned a consensus recommendation of "Hold" from the seventeen ratings firms that are presently covering the company, MarketBeat reports. Nine equities research analysts have rated the stock with a hold recommendation and eight have given a buy recommendation to the company. The average 12 month price objective among brokers that have updated their coverage on the stock in the last year is $9.29.

Several equities analysts recently weighed in on the stock. Macquarie increased their price target on shares of Peloton Interactive from $10.00 to $11.00 and gave the company an "outperform" rating in a research report on Thursday, August 14th. UBS Group upgraded shares of Peloton Interactive from a "neutral" rating to a "buy" rating and lifted their target price for the stock from $7.50 to $11.00 in a research note on Wednesday, July 30th. Truist Financial set a $11.00 target price on shares of Peloton Interactive in a research note on Thursday, August 7th. Needham & Company LLC reiterated a "hold" rating on shares of Peloton Interactive in a research note on Thursday, August 7th. Finally, Morgan Stanley lifted their target price on shares of Peloton Interactive from $4.00 to $5.75 and gave the stock an "equal weight" rating in a research note on Monday, August 4th.

Insider Transactions at Peloton Interactive

In other news, CAO Saqib Baig sold 32,672 shares of the firm's stock in a transaction that occurred on Monday, August 18th. The shares were sold at an average price of $8.35, for a total value of $272,811.20. Following the completion of the transaction, the chief accounting officer directly owned 177,020 shares in the company, valued at approximately $1,478,117. This trade represents a 15.58% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Nick V. Caldwell sold 66,949 shares of the firm's stock in a transaction that occurred on Monday, August 18th. The shares were sold at an average price of $8.42, for a total transaction of $563,710.58. Following the completion of the transaction, the insider owned 600,761 shares of the company's stock, valued at $5,058,407.62. This trade represents a 10.03% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 988,357 shares of company stock valued at $7,877,396. 1.34% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Peloton Interactive

A number of large investors have recently modified their holdings of the company. Vident Advisory LLC boosted its position in shares of Peloton Interactive by 1.1% in the second quarter. Vident Advisory LLC now owns 110,258 shares of the company's stock valued at $765,000 after acquiring an additional 1,180 shares during the period. Comerica Bank boosted its position in shares of Peloton Interactive by 29.1% in the fourth quarter. Comerica Bank now owns 6,164 shares of the company's stock valued at $54,000 after acquiring an additional 1,389 shares during the period. Cetera Investment Advisers boosted its position in shares of Peloton Interactive by 9.1% in the fourth quarter. Cetera Investment Advisers now owns 17,144 shares of the company's stock valued at $149,000 after acquiring an additional 1,432 shares during the period. Federated Hermes Inc. boosted its position in shares of Peloton Interactive by 0.3% in the first quarter. Federated Hermes Inc. now owns 533,820 shares of the company's stock valued at $3,374,000 after acquiring an additional 1,643 shares during the period. Finally, Victory Capital Management Inc. boosted its position in shares of Peloton Interactive by 4.4% in the first quarter. Victory Capital Management Inc. now owns 43,944 shares of the company's stock valued at $278,000 after acquiring an additional 1,860 shares during the period. 77.01% of the stock is currently owned by institutional investors.

Peloton Interactive Stock Up 0.3%

PTON traded up $0.02 during trading on Wednesday, hitting $7.60. 17,916,414 shares of the company traded hands, compared to its average volume of 14,381,237. The firm has a market cap of $3.10 billion, a P/E ratio of -24.52 and a beta of 2.07. The stock's fifty day moving average is $7.08 and its 200 day moving average is $6.84. Peloton Interactive has a one year low of $4.19 and a one year high of $10.90.

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