Peloton Interactive, Inc. (NASDAQ:PTON) Given Average Rating of "Hold" by Analysts

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

PTON has been the topic of a number of recent analyst reports. Needham & Company LLC reiterated a "hold" rating on shares of Peloton Interactive in a report on Friday, May 9th. JPMorgan Chase & Co. reduced their price objective on shares of Peloton Interactive from $8.00 to $7.00 and set a "neutral" rating on the stock in a report on Tuesday, April 8th. Morgan Stanley lowered their price target on Peloton Interactive from $5.75 to $4.00 and set an "equal weight" rating for the company in a report on Thursday, April 17th. JMP Securities reaffirmed a "market perform" rating on shares of Peloton Interactive in a report on Monday, April 14th. Finally, Bank of America cut their target price on shares of Peloton Interactive from $11.50 to $9.50 and set a "buy" rating on the stock in a report on Tuesday, April 15th.

Peloton Interactive Price Performance

PTON stock traded down $0.36 during trading on Friday, hitting $6.96. The stock had a trading volume of 14,303,279 shares, compared to its average volume of 15,340,394. The company's 50-day moving average price is $6.53 and its two-hundred day moving average price is $7.67. The stock has a market capitalization of $2.71 billion, a P/E ratio of -9.04 and a beta of 2.15. Peloton Interactive has a twelve month low of $2.83 and a twelve month high of $10.90.

Peloton Interactive (NASDAQ:PTON - Get Free Report) last posted its quarterly earnings results on Thursday, May 8th. The company reported ($0.12) 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 analysts' expectations of $620.39 million. The business's revenue was down 13.1% on a year-over-year basis. During the same period in the previous year, the company posted ($0.45) earnings per share. As a group, sell-side analysts expect that Peloton Interactive will post -0.36 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, CFO Elizabeth F. Coddington sold 185,661 shares of Peloton Interactive stock in a transaction dated Friday, May 16th. The shares were sold at an average price of $6.29, for a total transaction of $1,167,807.69. Following the completion of the sale, the chief financial officer now directly owns 311,231 shares in the company, valued at $1,957,642.99. The trade was a 37.36% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Nick V. Caldwell sold 68,727 shares of the firm's stock in a transaction on Monday, March 17th. The stock was sold at an average price of $6.59, for a total value of $452,910.93. Following the sale, the insider now owns 474,234 shares in the company, valued at $3,125,202.06. This trade represents a 12.66% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 522,046 shares of company stock worth $3,293,581. 1.34% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in the company. Choreo LLC grew its position in Peloton Interactive by 12.3% in the fourth quarter. Choreo LLC now owns 16,832 shares of the company's stock valued at $150,000 after acquiring an additional 1,838 shares in the last quarter. Allspring Global Investments Holdings LLC bought a new position in Peloton Interactive during the 4th quarter worth approximately $5,277,000. Vontobel Holding Ltd. bought a new position in Peloton Interactive during the fourth quarter worth $178,000. Rhumbline Advisers boosted its holdings in shares of Peloton Interactive by 7.8% in the 4th quarter. Rhumbline Advisers now owns 479,134 shares of the company's stock valued at $4,168,000 after buying an additional 34,514 shares during the period. Finally, State of New Jersey Common Pension Fund D acquired a new position in Peloton Interactive in the fourth quarter valued at approximately $2,300,000. 77.01% of the stock is owned by hedge funds and other institutional investors.

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.