Peloton Interactive, Inc. (NASDAQ:PTON) Receives $9.29 Average PT from Analysts

Key Points

• Peloton Interactive, Inc. has received an average rating of "Hold" from seventeen research firms, with price targets ranging from $4.00 to $11.50.
• Insider selling activity includes significant sales by Nick V. Caldwell and Jennifer Cunningham Cotter, resulting in a decrease of 21.90% and 37.89% in their ownership, respectively.
• The company reported a Q2 earnings per share of $0.05, surpassing analysts' expectations, but faced a 5.8% decline in year-over-year revenue.

Peloton Interactive, Inc. (NASDAQ:PTON - Get Free Report) has been assigned an average rating of "Hold" from the seventeen research firms that are currently covering the firm, Marketbeat reports. Nine investment analysts have rated the stock with a hold recommendation and eight have assigned a buy recommendation to the company. The average 12 month target price among brokerages that have updated their coverage on the stock in the last year is $9.29.

A number of equities analysts recently weighed in on the stock. Morgan Stanley lifted their price objective on shares of Peloton Interactive from $4.00 to $5.75 and gave the company an "equal weight" rating in a research report on Monday, August 4th. Needham & Company LLC reaffirmed a "hold" rating on shares of Peloton Interactive in a report on Thursday, August 7th. Truist Financial set a $11.00 price target on shares of Peloton Interactive in a research note on Thursday, August 7th. UBS Group raised shares of Peloton Interactive from a "neutral" rating to a "buy" rating and increased their price target for the stock 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 lifted their price objective for the company from $7.00 to $11.50 in a report on Friday, August 8th.

Peloton Interactive Price Performance

Shares of NASDAQ:PTON traded up $0.06 on Friday, reaching $8.33. The company's stock had a trading volume of 8,929,150 shares, compared to its average volume of 13,877,358. Peloton Interactive has a 52-week low of $4.25 and a 52-week high of $10.90. The stock has a market capitalization of $3.40 billion, a P/E ratio of -26.87 and a beta of 2.07. The stock's 50-day moving average is $7.44 and its two-hundred day moving average is $6.82.

Peloton Interactive (NASDAQ:PTON - Get Free Report) last issued its quarterly earnings results on Thursday, August 7th. The company reported $0.05 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.07) by $0.12. The company had revenue of $606.90 million during the quarter, compared to analyst estimates of $580.29 million. During the same quarter last year, the firm earned ($0.08) EPS. The business's revenue was down 5.8% on a year-over-year basis. Peloton Interactive has set its FY 2025 guidance at EPS. Equities analysts forecast that Peloton Interactive will post -0.36 earnings per share for the current fiscal year.

Insider Transactions at Peloton Interactive

In related news, insider Nick V. Caldwell sold 206,901 shares of the company's stock in a transaction on Tuesday, September 16th. The stock was sold at an average price of $7.78, for a total transaction of $1,609,689.78. Following the transaction, the insider owned 737,788 shares of the company's stock, valued at $5,739,990.64. This represents a 21.90% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Dion C. Sanders sold 127,911 shares of the firm's stock in a transaction on Tuesday, September 16th. The shares were sold at an average price of $7.78, for a total value of $995,147.58. Following the completion of the sale, the insider directly owned 110,753 shares of the company's stock, valued at approximately $861,658.34. This trade represents a 53.59% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 1,622,004 shares of company stock valued at $12,915,493. 1.34% of the stock is owned by company insiders.

Institutional Trading of Peloton Interactive

Large investors have recently bought and sold shares of the company. Vanguard Group Inc. raised its stake in shares of Peloton Interactive by 6.2% during the 1st quarter. Vanguard Group Inc. now owns 37,246,652 shares of the company's stock worth $235,399,000 after buying an additional 2,186,862 shares during the last quarter. T. Rowe Price Investment Management Inc. lifted its holdings in Peloton Interactive by 29.4% in the 1st quarter. T. Rowe Price Investment Management Inc. now owns 21,760,678 shares of the company's stock valued at $137,528,000 after purchasing an additional 4,940,422 shares in the last quarter. Eminence Capital LP acquired a new stake in shares of Peloton Interactive during the 2nd quarter worth about $112,681,000. Geode Capital Management LLC grew its holdings in shares of Peloton Interactive by 5.7% during the second quarter. Geode Capital Management LLC now owns 9,141,542 shares of the company's stock worth $63,450,000 after buying an additional 490,353 shares in the last quarter. Finally, Goldman Sachs Group Inc. raised its position in shares of Peloton Interactive by 27.1% in the first quarter. Goldman Sachs Group Inc. now owns 7,056,642 shares of the company's stock valued at $44,598,000 after buying an additional 1,503,680 shares during the last quarter. Institutional investors and hedge funds own 77.01% of the company's stock.

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.