Brokerages Set Peloton Interactive, Inc. (NASDAQ:PTON) Price Target at $6.75

Shares of Peloton Interactive, Inc. (NASDAQ:PTON) have been given a consensus recommendation of “Hold” by the eighteen analysts that are currently covering the stock, Marketbeat Ratings reports. Fifteen investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average 1-year target price among brokers that have updated their coverage on the stock in the last year is $6.75.

Several research firms have weighed in on PTON. Roth Mkm increased their target price on shares of Peloton Interactive from $5.00 to $6.00 and gave the stock a “buy” rating in a report on Friday, August 23rd. Truist Financial increased their target price on shares of Peloton Interactive from $6.00 to $10.00 and gave the stock a “hold” rating in a report on Friday, November 1st. Canaccord Genuity Group increased their target price on shares of Peloton Interactive from $4.00 to $5.00 and gave the stock a “hold” rating in a report on Friday, August 23rd. Bank of America upgraded shares of Peloton Interactive from an “underperform” rating to a “buy” rating and increased their target price for the stock from $3.75 to $9.00 in a report on Monday, November 4th. Finally, Robert W. Baird raised their price objective on shares of Peloton Interactive from $4.75 to $8.00 and gave the stock a “neutral” rating in a report on Friday, November 1st.

Peloton Interactive Stock Performance

Shares of PTON stock opened at $10.34 on Monday. Peloton Interactive has a 52-week low of $2.70 and a 52-week high of $10.39. The stock has a market cap of $3.94 billion, a PE ratio of -9.66 and a beta of 1.93. The firm’s 50 day moving average price is $6.72 and its two-hundred day moving average price is $4.79.

Peloton Interactive (NASDAQ:PTON) last announced its quarterly earnings data on Thursday, October 31st. The company reported ($0.16) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.15) by ($0.01). The business had revenue of $586.00 million for the quarter, compared to analysts’ expectations of $572.97 million. The business’s revenue was down 1.6% on a year-over-year basis. During the same quarter in the previous year, the firm posted ($0.44) earnings per share. As a group, sell-side analysts predict that Peloton Interactive will post -0.38 earnings per share for the current fiscal year.

Insider Buying and Selling at Peloton Interactive

In other news, insider Andrew S. Rendich sold 138,391 shares of Peloton Interactive stock in a transaction dated Monday, November 18th. The shares were sold at an average price of $7.51, for a total value of $1,039,316.41. Following the completion of the transaction, the insider now owns 287,973 shares of the company’s stock, valued at $2,162,677.23. This trade represents a 32.46 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CFO Elizabeth F. Coddington sold 56,084 shares of Peloton Interactive stock in a transaction dated Tuesday, September 3rd. The shares were sold at an average price of $4.50, for a total transaction of $252,378.00. Following the completion of the transaction, the chief financial officer now directly owns 186,466 shares of the company’s stock, valued at approximately $839,097. This trade represents a 23.12 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 506,517 shares of company stock worth $3,524,339. Insiders own 1.34% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the company. Connor Clark & Lunn Investment Management Ltd. bought a new position in shares of Peloton Interactive in the 3rd quarter valued at about $5,724,000. Gtcr LLC bought a new stake in shares of Peloton Interactive during the 3rd quarter worth about $65,520,000. Russell Investments Group Ltd. boosted its holdings in shares of Peloton Interactive by 25,397.7% during the 1st quarter. Russell Investments Group Ltd. now owns 393,685 shares of the company’s stock worth $1,687,000 after buying an additional 392,141 shares during the period. Select Equity Group L.P. bought a new stake in shares of Peloton Interactive during the 2nd quarter worth about $1,832,000. Finally, Versor Investments LP bought a new stake in shares of Peloton Interactive during the 3rd quarter worth about $415,000. 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.