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

Shares of Peloton Interactive, Inc. (NASDAQ:PTON - Get Free Report) have been assigned an average rating of "Hold" from the twenty ratings firms that are currently covering the stock, Marketbeat.com reports. Thirteen equities research analysts have rated the stock with a hold recommendation and seven have issued a buy recommendation on the company. The average 1-year target price among brokerages that have updated their coverage on the stock in the last year is $8.30.

A number of brokerages recently commented on PTON. JMP Securities reissued a "market perform" rating on shares of Peloton Interactive in a research note on Monday, April 14th. Needham & Company LLC reissued a "hold" rating on shares of Peloton Interactive in a research note on Friday, May 9th. Deutsche Bank Aktiengesellschaft upgraded Peloton Interactive from a "hold" rating to a "buy" rating and set a $6.60 target price on the stock in a research note on Monday, April 14th. Morgan Stanley cut their target price on Peloton Interactive from $5.75 to $4.00 and set an "equal weight" rating on the stock in a research note on Thursday, April 17th. Finally, Canaccord Genuity Group upgraded Peloton Interactive from a "hold" rating to a "buy" rating and set a $10.00 target price on the stock in a research note on Friday, March 14th.

Insider Buying and Selling at Peloton Interactive

In other Peloton Interactive news, CFO Elizabeth F. Coddington sold 38,151 shares of the company's stock in a transaction that occurred on Friday, March 14th. The stock was sold at an average price of $6.83, for a total value of $260,571.33. Following the sale, the chief financial officer now owns 258,880 shares in the company, valued at approximately $1,768,150.40. This represents a 12.84% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, CAO Saqib Baig sold 22,662 shares of the firm's stock in a transaction that occurred on Wednesday, February 19th. The stock was sold at an average price of $9.75, for a total transaction of $220,954.50. Following the sale, the chief accounting officer now directly owns 130,031 shares in the company, valued at $1,267,802.25. The trade was a 14.84% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 834,955 shares of company stock worth $5,557,466. 1.34% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Peloton Interactive

A number of hedge funds and other institutional investors have recently made changes to their positions in PTON. R Squared Ltd acquired a new position in shares of Peloton Interactive in the fourth quarter worth about $28,000. Russell Investments Group Ltd. raised its position in shares of Peloton Interactive by 969.6% in the fourth quarter. Russell Investments Group Ltd. now owns 4,011 shares of the company's stock worth $35,000 after acquiring an additional 3,636 shares during the period. FNY Investment Advisers LLC acquired a new position in shares of Peloton Interactive in the first quarter worth about $37,000. Nisa Investment Advisors LLC raised its position in shares of Peloton Interactive by 40.2% in the first quarter. Nisa Investment Advisors LLC now owns 6,503 shares of the company's stock worth $41,000 after acquiring an additional 1,864 shares during the period. Finally, GAMMA Investing LLC increased its position in shares of Peloton Interactive by 1,082.5% in the first quarter. GAMMA Investing LLC now owns 8,159 shares of the company's stock valued at $52,000 after buying an additional 7,469 shares in the last quarter. Institutional investors and hedge funds own 77.01% of the company's stock.

Peloton Interactive Stock Up 6.8%

PTON stock traded up $0.43 during trading on Monday, hitting $6.72. The company had a trading volume of 18,497,080 shares, compared to its average volume of 15,537,004. The firm has a market capitalization of $2.62 billion, a P/E ratio of -8.73 and a beta of 2.25. Peloton Interactive has a 52-week low of $2.83 and a 52-week high of $10.90. The company has a 50 day simple moving average of $6.24 and a 200-day simple moving average of $7.80.

Peloton Interactive (NASDAQ:PTON - Get Free Report) last announced its quarterly earnings data on Thursday, May 8th. The company reported ($0.12) earnings per share (EPS) 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 the consensus estimate of $620.39 million. During the same quarter in the prior year, the business posted ($0.45) earnings per share. The firm's quarterly revenue was down 13.1% compared to the same quarter last year. Sell-side analysts forecast that Peloton Interactive will post -0.36 earnings per share for the current year.

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.