Brokerages Set Peloton Interactive, Inc. (NASDAQ:PTON) PT at $8.30

Shares of Peloton Interactive, Inc. (NASDAQ:PTON - Get Free Report) have been given a consensus recommendation of "Hold" by the twenty analysts that are currently covering the firm, Marketbeat.com reports. Thirteen equities research analysts have rated the stock with a hold rating and seven have issued a buy rating on the company. The average 12 month price objective among brokers that have updated their coverage on the stock in the last year is $8.30.

Several research analysts have issued reports on PTON shares. Telsey Advisory Group dropped their price target on Peloton Interactive from $9.00 to $8.00 and set a "market perform" rating on the stock in a report on Friday, May 9th. JMP Securities reaffirmed a "market perform" rating on shares of Peloton Interactive in a report on Monday, April 14th. Morgan Stanley dropped their price target 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. Macquarie raised Peloton Interactive from a "neutral" rating to an "outperform" rating and upped their price target for the company from $9.00 to $10.00 in a report on Tuesday, May 13th. Finally, JPMorgan Chase & Co. dropped their price target on Peloton Interactive from $8.00 to $7.00 and set a "neutral" rating on the stock in a report on Tuesday, April 8th.

Insider Buying and Selling at Peloton Interactive

In other Peloton Interactive news, insider Jennifer Cunningham Cotter sold 145,622 shares of the stock in a transaction on Friday, May 16th. The shares were sold at an average price of $6.25, for a total transaction of $910,137.50. Following the transaction, the insider directly owned 235,439 shares of the company's stock, valued at $1,471,493.75. This represents a 38.21% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Nick V. Caldwell sold 63,925 shares of the stock in a transaction on Monday, June 16th. The stock was sold at an average price of $6.99, for a total transaction of $446,835.75. Following the transaction, the insider directly owned 578,668 shares in the company, valued at $4,044,889.32. The trade was a 9.95% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 555,952 shares of company stock valued at $3,556,914. Corporate insiders own 1.34% of the company's stock.

Institutional Investors Weigh In On Peloton Interactive

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Vanguard Group Inc. grew its position in shares of Peloton Interactive by 6.2% in the first quarter. Vanguard Group Inc. now owns 37,246,652 shares of the company's stock valued at $235,399,000 after purchasing an additional 2,186,862 shares during the last quarter. T. Rowe Price Investment Management Inc. grew its position in Peloton Interactive by 29.4% during the first quarter. T. Rowe Price Investment Management Inc. now owns 21,760,678 shares of the company's stock worth $137,528,000 after buying an additional 4,940,422 shares in the last quarter. DME Capital Management LP grew its position in Peloton Interactive by 10.4% during the fourth quarter. DME Capital Management LP now owns 10,522,687 shares of the company's stock worth $91,547,000 after buying an additional 992,797 shares in the last quarter. Geode Capital Management LLC grew its position in Peloton Interactive by 2.1% during the fourth quarter. Geode Capital Management LLC now owns 8,270,328 shares of the company's stock worth $71,969,000 after buying an additional 170,901 shares in the last quarter. Finally, Two Sigma Advisers LP grew its position in Peloton Interactive by 1.5% during the fourth quarter. Two Sigma Advisers LP now owns 7,551,800 shares of the company's stock worth $65,701,000 after buying an additional 110,900 shares in the last quarter. 77.01% of the stock is owned by institutional investors and hedge funds.

Peloton Interactive Stock Down 5.1%

PTON traded down $0.34 during trading on Tuesday, reaching $6.38. The stock had a trading volume of 7,350,713 shares, compared to its average volume of 15,416,621. The firm has a market capitalization of $2.49 billion, a price-to-earnings ratio of -14.50 and a beta of 2.11. Peloton Interactive has a 1-year low of $2.83 and a 1-year high of $10.90. The stock has a 50 day moving average of $6.80 and a two-hundred day moving average of $7.23.

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 analysts' consensus estimates of ($0.06) by ($0.06). The business had revenue of $624.00 million during the quarter, compared to analysts' expectations of $620.39 million. Peloton Interactive's revenue for the quarter was down 13.1% compared to the same quarter last year. During the same period last year, the business earned ($0.45) EPS. On average, 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.