Peloton Interactive, Inc. (NASDAQ:PTON) Receives $8.38 Consensus Target Price from Analysts

Shares of Peloton Interactive, Inc. (NASDAQ:PTON) have received a consensus rating of “Hold” from the twenty ratings firms that are presently covering the company, Marketbeat.com reports. Sixteen investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average 1 year target price among brokers that have issued a report on the stock in the last year is $8.38.

PTON has been the subject of several recent analyst reports. Argus upgraded Peloton Interactive from a “hold” rating to a “buy” rating and set a $15.00 price objective for the company in a research note on Tuesday, February 11th. UBS Group upgraded Peloton Interactive from a “sell” rating to a “neutral” rating and increased their target price for the stock from $2.50 to $10.00 in a report on Friday, December 6th. The Goldman Sachs Group increased their target price on Peloton Interactive from $8.00 to $10.00 and gave the stock a “neutral” rating in a report on Monday, February 10th. Telsey Advisory Group restated a “market perform” rating and set a $11.00 target price on shares of Peloton Interactive in a report on Monday, February 3rd. Finally, Citigroup decreased their target price on Peloton Interactive from $11.00 to $10.00 and set a “neutral” rating on the stock in a report on Monday, February 10th.

Peloton Interactive Price Performance

Peloton Interactive stock opened at $6.21 on Wednesday. The stock has a fifty day moving average price of $8.39 and a two-hundred day moving average price of $7.40. Peloton Interactive has a 52-week low of $2.70 and a 52-week high of $10.90. The firm has a market capitalization of $2.42 billion, a P/E ratio of -8.06 and a beta of 1.95.

Peloton Interactive (NASDAQ:PTON) last released its quarterly earnings data on Thursday, February 6th. The company reported ($0.24) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.20) by ($0.04). On average, equities research analysts predict that Peloton Interactive will post -0.36 EPS for the current fiscal year.

Insiders Place Their Bets

In other Peloton Interactive news, insider Jennifer Cunningham Cotter sold 187,238 shares of the firm’s stock in a transaction dated Thursday, March 6th. The stock was sold at an average price of $6.45, for a total transaction of $1,207,685.10. Following the transaction, the insider now owns 100,269 shares in the company, valued at approximately $646,735.05. This trade represents a 65.12 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Andrew S. Rendich sold 17,401 shares of the firm’s stock in a transaction dated Wednesday, February 26th. The stock was sold at an average price of $8.18, for a total value of $142,340.18. Following the transaction, the insider now owns 362,573 shares in the company, valued at approximately $2,965,847.14. This trade represents a 4.58 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 584,719 shares of company stock worth $4,958,301. Insiders own 1.34% of the company’s stock.

Institutional Investors Weigh In On Peloton Interactive

A number of hedge funds have recently modified their holdings of PTON. R Squared Ltd acquired a new stake in shares of Peloton Interactive during the fourth quarter worth about $28,000. Point72 Asia Singapore Pte. Ltd. raised its position in shares of Peloton Interactive by 31.9% during the third quarter. Point72 Asia Singapore Pte. Ltd. now owns 6,605 shares of the company’s stock worth $31,000 after purchasing an additional 1,597 shares during the period. Russell Investments Group Ltd. raised its position in shares of Peloton Interactive by 969.6% during the fourth quarter. Russell Investments Group Ltd. now owns 4,011 shares of the company’s stock worth $35,000 after purchasing an additional 3,636 shares during the period. Verdence Capital Advisors LLC acquired a new stake in shares of Peloton Interactive during the third quarter worth about $52,000. Finally, Comerica Bank raised its position in shares of Peloton Interactive by 29.1% during the fourth quarter. Comerica Bank now owns 6,164 shares of the company’s stock worth $54,000 after purchasing an additional 1,389 shares during the period. Institutional investors and hedge funds own 77.01% of the company’s stock.

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.