Peloton Interactive, Inc. (NASDAQ:PTON) Receives $8.69 Consensus Target Price from Brokerages

Peloton Interactive, Inc. (NASDAQ:PTON) has been given a consensus rating of “Hold” by the twenty brokerages that are covering the stock, MarketBeat Ratings reports. Fifteen equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The average 1-year price objective among brokerages that have covered the stock in the last year is $8.69.

A number of equities analysts recently weighed in on PTON shares. JMP Securities reissued a “market perform” rating on shares of Peloton Interactive in a report on Friday, February 7th. Canaccord Genuity Group raised shares of Peloton Interactive from a “hold” rating to a “buy” rating and set a $10.00 price objective for the company in a research note on Friday, March 14th. Argus upgraded shares of Peloton Interactive from a “hold” rating to a “buy” rating and set a $15.00 target price on the stock in a research report on Tuesday, February 11th. Macquarie restated a “neutral” rating and set a $9.00 price target on shares of Peloton Interactive in a research report on Monday, February 10th. Finally, Needham & Company LLC reiterated a “hold” rating on shares of Peloton Interactive in a report on Thursday, February 6th.

Peloton Interactive Price Performance

PTON stock opened at $5.03 on Friday. The firm has a 50 day simple moving average of $7.47 and a two-hundred day simple moving average of $7.63. The stock has a market cap of $1.96 billion, a PE ratio of -6.53 and a beta of 2.21. Peloton Interactive has a one year low of $2.70 and a one year high of $10.90.

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

Insider Activity

In other Peloton Interactive news, insider Jennifer Cunningham Cotter sold 187,238 shares of the firm’s stock in a transaction on 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 completion of the transaction, the insider now owns 100,269 shares of the company’s stock, 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 SEC, which can be accessed through this link. Also, CAO Saqib Baig sold 22,662 shares of the company’s stock in a transaction dated Wednesday, February 19th. The stock was sold at an average price of $9.75, for a total transaction of $220,954.50. Following the completion of the sale, the chief accounting officer now directly owns 130,031 shares in the company, valued at $1,267,802.25. This represents a 14.84 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 674,338 shares of company stock valued at $5,522,838. Corporate insiders own 1.34% of the company’s stock.

Institutional Investors Weigh In On Peloton Interactive

A number of hedge funds and other institutional investors have recently bought and sold shares of PTON. Wealth Enhancement Advisory Services LLC bought a new stake in shares of Peloton Interactive in the 4th quarter worth approximately $108,000. Carolinas Wealth Consulting LLC purchased a new stake in shares of Peloton Interactive in the fourth quarter worth $87,000. Garde Capital Inc. increased its holdings in shares of Peloton Interactive by 96.0% during the fourth quarter. Garde Capital Inc. now owns 459,427 shares of the company’s stock valued at $3,997,000 after acquiring an additional 225,000 shares in the last quarter. Mackenzie Financial Corp raised its position in shares of Peloton Interactive by 497.8% in the 4th quarter. Mackenzie Financial Corp now owns 128,810 shares of the company’s stock worth $1,121,000 after purchasing an additional 107,264 shares during the last quarter. Finally, Castleark Management LLC bought a new position in Peloton Interactive in the 4th quarter worth about $3,507,000. Hedge funds and other 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.