Peloton Interactive, Inc. (NASDAQ:PTON) Receives Average Recommendation of “Hold” from Analysts

Shares of Peloton Interactive, Inc. (NASDAQ:PTONGet Rating) have been given a consensus recommendation of “Hold” by the twenty-eight analysts that are presently covering the stock, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a sell rating, twelve have given a hold rating and ten have given a buy rating to the company. The average 12-month price objective among brokers that have issued ratings on the stock in the last year is $17.56.

PTON has been the subject of several recent analyst reports. Robert W. Baird downgraded Peloton Interactive from an “outperform” rating to a “neutral” rating and decreased their price target for the stock from $14.00 to $12.00 in a research note on Tuesday. Credit Suisse Group decreased their price target on Peloton Interactive from $12.00 to $10.00 and set a “neutral” rating for the company in a research note on Friday, November 4th. JMP Securities decreased their price target on Peloton Interactive from $25.00 to $16.00 and set a “market outperform” rating for the company in a research note on Friday, November 4th. Barclays decreased their price target on Peloton Interactive from $18.00 to $14.00 in a research note on Sunday, November 6th. Finally, Morgan Stanley decreased their price target on Peloton Interactive from $10.00 to $8.00 and set an “equal weight” rating for the company in a research note on Tuesday, October 25th.

Peloton Interactive Stock Performance

Shares of NASDAQ PTON opened at $11.06 on Friday. The business’s 50-day moving average price is $10.43 and its two-hundred day moving average price is $9.91. The company has a debt-to-equity ratio of 6.48, a current ratio of 2.47 and a quick ratio of 1.40. Peloton Interactive has a one year low of $6.66 and a one year high of $40.35. The company has a market capitalization of $3.76 billion, a P/E ratio of -1.30 and a beta of 1.77.

Peloton Interactive (NASDAQ:PTONGet Rating) last issued its earnings results on Thursday, November 3rd. The company reported ($0.70) EPS for the quarter, missing analysts’ consensus estimates of ($0.65) by ($0.05). Peloton Interactive had a negative net margin of 83.97% and a negative return on equity of 116.53%. The firm had revenue of $616.50 million during the quarter, compared to analysts’ expectations of $638.73 million. Analysts anticipate that Peloton Interactive will post -2.69 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Peloton Interactive

A number of hedge funds have recently modified their holdings of the stock. Price T Rowe Associates Inc. MD raised its holdings in shares of Peloton Interactive by 9.3% in the 2nd quarter. Price T Rowe Associates Inc. MD now owns 44,787,453 shares of the company’s stock worth $411,149,000 after buying an additional 3,818,380 shares in the last quarter. Vanguard Group Inc. grew its position in Peloton Interactive by 3.4% during the 1st quarter. Vanguard Group Inc. now owns 25,768,977 shares of the company’s stock worth $680,816,000 after acquiring an additional 851,812 shares during the last quarter. Dragoneer Investment Group LLC grew its position in Peloton Interactive by 5.5% during the 3rd quarter. Dragoneer Investment Group LLC now owns 10,745,815 shares of the company’s stock worth $74,468,000 after acquiring an additional 557,300 shares during the last quarter. Capital World Investors grew its position in Peloton Interactive by 16.2% during the 1st quarter. Capital World Investors now owns 10,124,402 shares of the company’s stock worth $267,487,000 after acquiring an additional 1,411,171 shares during the last quarter. Finally, Darsana Capital Partners LP bought a new stake in Peloton Interactive during the 2nd quarter worth approximately $68,850,000. 74.43% of the stock is owned by institutional investors and hedge funds.

Peloton Interactive Company Profile

(Get Rating)

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, and Peloton Tread+ names. It also provides connected fitness subscriptions for various household users, and access to various live and on-demand classes, as well as Peloton Digital app for connected fitness subscribers to provide access to its classes.

Further Reading

Analyst Recommendations for Peloton Interactive (NASDAQ:PTON)

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