Peloton Interactive’s (PTON) “Market Perform” Rating Reiterated at Telsey Advisory Group

Telsey Advisory Group reaffirmed their market perform rating on shares of Peloton Interactive (NASDAQ:PTON) in a report issued on Thursday, Benzinga reports. They currently have a $5.00 target price on the stock.

Several other equities research analysts have also recently commented on the company. Morgan Stanley increased their price target on Peloton Interactive from $2.50 to $3.50 and gave the company an “equal weight” rating in a report on Friday, August 23rd. Wolfe Research assumed coverage on Peloton Interactive in a research note on Tuesday, July 16th. They issued a “peer perform” rating for the company. JMP Securities reissued a “market perform” rating on shares of Peloton Interactive in a research report on Thursday, October 3rd. Sanford C. Bernstein raised their price objective on shares of Peloton Interactive from $3.80 to $4.25 and gave the stock a “market perform” rating in a research report on Friday, August 23rd. Finally, Roth Mkm boosted their target price on shares of Peloton Interactive from $5.00 to $6.00 and gave the company a “buy” rating in a report on Friday, August 23rd. One analyst has rated the stock with a sell rating, seventeen have issued a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat, Peloton Interactive currently has a consensus rating of “Hold” and an average price target of $4.52.

Peloton Interactive Stock Performance

Shares of PTON stock opened at $6.28 on Thursday. Peloton Interactive has a fifty-two week low of $2.70 and a fifty-two week high of $7.24. The firm has a market capitalization of $2.33 billion, a P/E ratio of -2.98 and a beta of 2.04. The stock’s fifty day moving average is $4.79 and its two-hundred day moving average is $3.94.

Peloton Interactive (NASDAQ:PTON) last posted its quarterly earnings results on Thursday, August 22nd. The company reported ($0.08) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.18) by $0.10. The business had revenue of $644.00 million for the quarter, compared to analyst estimates of $633.00 million. The business’s revenue was up .3% compared to the same quarter last year. During the same quarter in the previous year, the firm posted ($0.68) earnings per share. On average, equities analysts forecast that Peloton Interactive will post -0.65 earnings per share for the current year.

Insider Buying and Selling at Peloton Interactive

In other Peloton Interactive news, CEO Chris Bruzzo sold 24,977 shares of the business’s stock in a transaction dated Friday, October 18th. The shares were sold at an average price of $5.80, for a total transaction of $144,866.60. Following the sale, the chief executive officer now directly owns 149,240 shares in the company, valued at $865,592. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other Peloton Interactive news, CAO Saqib Baig sold 50,000 shares of the company’s stock in a transaction dated Friday, August 23rd. The stock was sold at an average price of $4.88, for a total transaction of $244,000.00. Following the sale, the chief accounting officer now owns 87,014 shares in the company, valued at $424,628.32. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Chris Bruzzo sold 24,977 shares of the stock in a transaction dated Friday, October 18th. The shares were sold at an average price of $5.80, for a total value of $144,866.60. Following the completion of the sale, the chief executive officer now directly owns 149,240 shares in the company, valued at $865,592. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 182,993 shares of company stock valued at $867,453 in the last three months. 3.28% of the stock is owned by corporate insiders.

Institutional Trading of Peloton Interactive

Hedge funds have recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its position in shares of Peloton Interactive by 2.5% in the 4th quarter. Vanguard Group Inc. now owns 30,339,435 shares of the company’s stock valued at $184,767,000 after purchasing an additional 735,658 shares during the last quarter. State of Michigan Retirement System raised its stake in Peloton Interactive by 412.1% in the first quarter. State of Michigan Retirement System now owns 596,477 shares of the company’s stock valued at $2,556,000 after buying an additional 480,000 shares in the last quarter. Abundance Wealth Counselors purchased a new stake in Peloton Interactive during the 1st quarter worth about $46,000. Lee Johnson Capital Management LLC acquired a new position in shares of Peloton Interactive during the 1st quarter worth about $2,837,000. Finally, First Trust Direct Indexing L.P. purchased a new position in shares of Peloton Interactive in the 1st quarter valued at about $94,000. Institutional investors and hedge funds 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.