Peloton Interactive (NASDAQ:PTON) Receives Sell (D-) Rating from Weiss Ratings

Key Points

• Peloton Interactive received a "Sell (D-)" rating from Weiss Ratings, highlighting ongoing concerns about its financial performance.
• The company's stock saw a slight increase, trading at $7.73, with a current market capitalization of $3.15 billion.
• Analysts are divided on Peloton's outlook, with ratings ranging from "Strong Buy" to "Sell," leading to a consensus rating of "Hold" and an average target price of $9.36.

Peloton Interactive (NASDAQ:PTON - Get Free Report)'s stock had its "sell (d-)" rating reissued by investment analysts at Weiss Ratings in a note issued to investors on Tuesday,Weiss Ratings reports.

A number of other research firms also recently weighed in on PTON. Needham & Company LLC restated a "hold" rating on shares of Peloton Interactive in a report on Thursday, August 7th. Morgan Stanley boosted their target price on shares of Peloton Interactive from $4.00 to $5.75 and gave the stock an "equal weight" rating in a report on Monday, August 4th. Zacks Research upgraded shares of Peloton Interactive from a "hold" rating to a "strong-buy" rating in a report on Monday, October 6th. Telsey Advisory Group boosted their target price on shares of Peloton Interactive from $8.00 to $9.00 and gave the stock a "market perform" rating in a report on Thursday, October 2nd. Finally, UBS Group upgraded shares of Peloton Interactive from a "neutral" rating to a "buy" rating and boosted their target price for the stock from $7.50 to $11.00 in a report on Wednesday, July 30th. One research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, nine have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average target price of $9.36.

Peloton Interactive Price Performance

Shares of PTON stock traded up $0.36 on Tuesday, hitting $7.73. 6,893,024 shares of the stock traded hands, compared to its average volume of 14,091,234. The firm has a market cap of $3.15 billion, a price-to-earnings ratio of -24.89, a PEG ratio of 2.38 and a beta of 2.27. Peloton Interactive has a 52 week low of $4.63 and a 52 week high of $10.90. The firm has a 50 day simple moving average of $7.94 and a two-hundred day simple moving average of $6.99.

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

Insider Buying and Selling

In other news, insider Dion C. Sanders sold 110,753 shares of the business's stock in a transaction dated Thursday, September 18th. The shares were sold at an average price of $8.05, for a total value of $891,561.65. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO Elizabeth F. Coddington sold 238,664 shares of the business's stock in a transaction dated Tuesday, September 16th. The shares were sold at an average price of $7.85, for a total transaction of $1,873,512.40. Following the completion of the sale, the chief financial officer owned 346,535 shares of the company's stock, valued at approximately $2,720,299.75. This represents a 40.78% decrease in their position. The disclosure for this sale can be found here. Insiders sold 1,851,961 shares of company stock worth $14,775,168 over the last 90 days. Corporate insiders own 1.34% of the company's stock.

Institutional Investors Weigh In On Peloton Interactive

Large investors have recently modified their holdings of the business. Bessemer Group Inc. raised its holdings in shares of Peloton Interactive by 1,602.6% in the 2nd quarter. Bessemer Group Inc. now owns 5,312 shares of the company's stock valued at $37,000 after purchasing an additional 5,000 shares in the last quarter. MAI Capital Management lifted its position in Peloton Interactive by 64.6% during the second quarter. MAI Capital Management now owns 5,498 shares of the company's stock valued at $38,000 after acquiring an additional 2,158 shares during the last quarter. FNY Investment Advisers LLC purchased a new stake in Peloton Interactive during the first quarter valued at approximately $37,000. Nisa Investment Advisors LLC lifted its position in Peloton Interactive by 40.2% during the first quarter. Nisa Investment Advisors LLC now owns 6,503 shares of the company's stock valued at $41,000 after acquiring an additional 1,864 shares during the last quarter. Finally, GAMMA Investing LLC lifted its position in Peloton Interactive by 1,082.5% during the first quarter. GAMMA Investing LLC now owns 8,159 shares of the company's stock valued at $52,000 after acquiring an additional 7,469 shares during the last quarter. Institutional investors 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.

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