Peloton Interactive, Inc. (NASDAQ:PTON) Receives $8.30 Average Price Target from Brokerages

Shares of Peloton Interactive, Inc. (NASDAQ:PTON - Get Free Report) have been given an average recommendation of "Hold" by the twenty research firms that are currently covering the firm, MarketBeat Ratings reports. Thirteen equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. The average twelve-month price target among analysts that have issued ratings on the stock in the last year is $8.30.

Several research firms recently weighed in on PTON. Telsey Advisory Group reduced their target price on Peloton Interactive from $9.00 to $8.00 and set a "market perform" rating on the stock in a research report on Friday, May 9th. Morgan Stanley cut their price objective on Peloton Interactive from $5.75 to $4.00 and set an "equal weight" rating on the stock in a report on Thursday, April 17th. Canaccord Genuity Group upgraded Peloton Interactive from a "hold" rating to a "buy" rating and set a $10.00 price objective on the stock in a report on Friday, March 14th. Bank of America cut their price objective on Peloton Interactive from $11.50 to $9.50 and set a "buy" rating on the stock in a report on Tuesday, April 15th. Finally, JMP Securities restated a "market perform" rating on shares of Peloton Interactive in a report on Monday, April 14th.

Peloton Interactive Trading Up 4.4%

Shares of NASDAQ:PTON traded up $0.28 on Tuesday, hitting $6.71. The company had a trading volume of 9,234,592 shares, compared to its average volume of 15,400,699. Peloton Interactive has a 52-week low of $2.83 and a 52-week high of $10.90. The business has a 50 day moving average of $6.82 and a 200 day moving average of $7.25. The company has a market cap of $2.62 billion, a PE ratio of -15.25 and a beta of 2.11.

Peloton Interactive (NASDAQ:PTON - Get Free Report) last released its earnings results on Thursday, May 8th. The company reported ($0.12) earnings per share for the quarter, missing the consensus estimate of ($0.06) by ($0.06). The company had revenue of $624.00 million during the quarter, compared to analysts' expectations of $620.39 million. During the same quarter in the previous year, the business earned ($0.45) EPS. The company's revenue for the quarter was down 13.1% compared to the same quarter last year. As a group, equities analysts predict that Peloton Interactive will post -0.36 EPS for the current year.

Insider Activity at Peloton Interactive

In other news, CFO Elizabeth F. Coddington sold 38,708 shares of Peloton Interactive stock in a transaction that occurred on Monday, June 16th. The stock was sold at an average price of $6.96, for a total value of $269,407.68. Following the completion of the transaction, the chief financial officer owned 294,342 shares in the company, valued at approximately $2,048,620.32. This trade represents a 11.62% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Jennifer Cunningham Cotter sold 145,622 shares of Peloton Interactive stock in a transaction that occurred on Friday, May 16th. The stock was sold at an average price of $6.25, for a total value of $910,137.50. Following the completion of the transaction, the insider owned 235,439 shares of the company's stock, valued at approximately $1,471,493.75. The trade was a 38.21% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 555,952 shares of company stock worth $3,556,914. Company insiders own 1.34% of the company's stock.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in PTON. Bank of New York Mellon Corp grew its position in shares of Peloton Interactive by 2.0% in the 4th quarter. Bank of New York Mellon Corp now owns 970,963 shares of the company's stock worth $8,447,000 after acquiring an additional 19,081 shares in the last quarter. Oppenheimer & Co. Inc. acquired a new position in shares of Peloton Interactive in the 4th quarter worth approximately $140,000. Jones Financial Companies Lllp grew its position in shares of Peloton Interactive by 33.9% in the 4th quarter. Jones Financial Companies Lllp now owns 9,496 shares of the company's stock worth $83,000 after acquiring an additional 2,403 shares in the last quarter. SBI Securities Co. Ltd. acquired a new position in shares of Peloton Interactive in the 4th quarter worth approximately $69,000. Finally, Charles Schwab Investment Management Inc. lifted its holdings in shares of Peloton Interactive by 3.5% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 4,136,182 shares of the company's stock worth $35,985,000 after purchasing an additional 139,826 shares during the last quarter. Institutional investors and hedge funds own 77.01% of the company's stock.

About Peloton Interactive

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.