Brokerages Set Peloton Interactive, Inc. (NASDAQ:PTON) PT at $19.36

Peloton Interactive, Inc. (NASDAQ:PTONGet Rating) has received a consensus rating of “Hold” from the twenty-nine ratings firms that are presently covering the firm, MarketBeat.com reports. Two research analysts have rated the stock with a sell recommendation, eleven have issued a hold recommendation and twelve have assigned a buy recommendation to the company. The average 12 month target price among brokerages that have issued ratings on the stock in the last year is $19.36.

A number of brokerages have recently commented on PTON. Cowen lowered Peloton Interactive from an “outperform” rating to a “market perform” rating and cut their price target for the stock from $14.00 to $12.00 in a report on Monday, November 21st. Morgan Stanley lowered their price target on Peloton Interactive from $10.00 to $8.00 and set an “equal weight” rating on the stock in a research report on Tuesday, October 25th. Bank of America reduced their price objective on Peloton Interactive from $19.00 to $16.00 and set a “buy” rating on the stock in a research note on Wednesday, November 2nd. Cowen lowered Peloton Interactive from an “outperform” rating to a “market perform” rating and cut their price target for the company from $14.00 to $12.00 in a research note on Monday, November 21st. Finally, BMO Capital Markets cut their target price on Peloton Interactive from $8.50 to $8.00 and set an “underperform” rating on the stock in a research note on Friday, November 4th.

Peloton Interactive Trading Down 5.9 %

Shares of PTON stock opened at $10.44 on Friday. The company has a quick ratio of 1.40, a current ratio of 2.47 and a debt-to-equity ratio of 6.48. Peloton Interactive has a fifty-two week low of $6.66 and a fifty-two week high of $40.35. The stock has a market capitalization of $3.55 billion, a P/E ratio of -1.22 and a beta of 1.77. The stock has a 50-day simple moving average of $10.42 and a 200 day simple moving average of $9.88.

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

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the company. Price T Rowe Associates Inc. MD raised its position in shares of Peloton Interactive by 9.3% during the 2nd quarter. Price T Rowe Associates Inc. MD now owns 44,787,453 shares of the company’s stock valued at $411,149,000 after buying an additional 3,818,380 shares in the last quarter. Vanguard Group Inc. increased its position in shares of Peloton Interactive by 3.4% during the first 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 period. Dragoneer Investment Group LLC boosted its stake in shares of Peloton Interactive by 5.5% during the third quarter. Dragoneer Investment Group LLC now owns 10,745,815 shares of the company’s stock valued at $74,468,000 after purchasing an additional 557,300 shares in the last quarter. Capital World Investors boosted its stake in shares of Peloton Interactive by 16.2% during the first quarter. Capital World Investors now owns 10,124,402 shares of the company’s stock valued at $267,487,000 after purchasing an additional 1,411,171 shares in the last quarter. Finally, Darsana Capital Partners LP bought a new position in shares of Peloton Interactive during the second quarter valued at approximately $68,850,000. Institutional investors own 74.43% of the company’s stock.

About Peloton Interactive

(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.

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