Peloton Interactive, Inc. (NASDAQ:PTON) Given Consensus Rating of "Hold" by 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 been assigned an average rating of "Hold" from the seventeen research firms that are presently covering the stock, MarketBeat Ratings reports. Nine analysts have rated the stock with a hold rating and eight have issued a buy rating on the company. The average twelve-month price target among brokers that have issued ratings on the stock in the last year is $9.29.

A number of research analysts have weighed in on the company. Needham & Company LLC reissued a "hold" rating on shares of Peloton Interactive in a report on Thursday, August 7th. Morgan Stanley increased their target price on Peloton Interactive from $4.00 to $5.75 and gave the company an "equal weight" rating in a report on Monday, August 4th. Truist Financial set a $11.00 target price on Peloton Interactive in a report on Thursday, August 7th. UBS Group raised Peloton Interactive from a "neutral" rating to a "buy" rating and increased their target price for the company from $7.50 to $11.00 in a report on Wednesday, July 30th. Finally, The Goldman Sachs Group raised Peloton Interactive from a "neutral" rating to a "buy" rating and increased their target price for the company from $7.00 to $11.50 in a report on Friday, August 8th.

Insider Transactions at Peloton Interactive

In other news, insider Nick V. Caldwell sold 66,949 shares of the firm's stock in a transaction dated Monday, August 18th. The stock was sold at an average price of $8.42, for a total value of $563,710.58. Following 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CAO Saqib Baig sold 32,672 shares of the firm's stock in a transaction dated Monday, August 18th. The stock was 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 $1,478,117. This trade represents a 15.58% decrease in their position. 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. Company insiders own 1.34% of the company's stock.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the stock. FNY Investment Advisers LLC purchased a new stake in shares of Peloton Interactive during the first quarter worth about $37,000. Bessemer Group Inc. grew its position in shares of Peloton Interactive by 1,602.6% during the second quarter. Bessemer Group Inc. now owns 5,312 shares of the company's stock worth $37,000 after purchasing an additional 5,000 shares in the last quarter. MAI Capital Management grew its position in shares of Peloton Interactive by 64.6% during the second quarter. MAI Capital Management now owns 5,498 shares of the company's stock worth $38,000 after purchasing an additional 2,158 shares in the last quarter. Nisa Investment Advisors LLC grew its position in shares of Peloton Interactive by 40.2% during the first quarter. Nisa Investment Advisors LLC now owns 6,503 shares of the company's stock worth $41,000 after purchasing an additional 1,864 shares in the last quarter. Finally, GAMMA Investing LLC grew its position 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 purchasing an additional 7,469 shares in the last quarter. Institutional investors own 77.01% of the company's stock.

Peloton Interactive Trading Up 0.8%

NASDAQ:PTON opened at $7.57 on Wednesday. Peloton Interactive has a 12 month low of $4.19 and a 12 month high of $10.90. The company has a market cap of $3.09 billion, a PE ratio of -24.42 and a beta of 2.08. The company has a 50 day simple moving average of $6.97 and a two-hundred day simple moving average of $6.90.

Peloton Interactive (NASDAQ:PTON - Get Free Report) last posted its earnings results on Thursday, August 7th. The company reported $0.05 EPS for the quarter, topping analysts' consensus estimates of ($0.07) by $0.12. The company had revenue of $606.90 million during the quarter, compared to the consensus estimate of $580.29 million. During the same period last year, the firm posted ($0.08) EPS. The company'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. Research analysts forecast that Peloton Interactive will post -0.36 earnings per share for the current 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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