Telsey Advisory Group Boosts Peloton Interactive (NASDAQ:PTON) Price Target to $9.00

Peloton Interactive (NASDAQ:PTON) had its price target boosted by analysts at Telsey Advisory Group from $5.00 to $9.00 in a report issued on Friday, Benzinga reports. The firm presently has a “market perform” rating on the stock. Telsey Advisory Group’s price target suggests a potential upside of 5.88% from the company’s previous close.

Other equities analysts have also issued reports about the company. JMP Securities reiterated a “market perform” rating on shares of Peloton Interactive in a research note on Thursday, October 3rd. Roth Mkm lifted their price target on Peloton Interactive from $5.00 to $6.00 and gave the stock a “buy” rating in a research report on Friday, August 23rd. Needham & Company LLC reissued a “hold” rating on shares of Peloton Interactive in a research report on Thursday, August 22nd. TD Cowen boosted their target price on shares of Peloton Interactive from $3.00 to $4.00 and gave the stock a “hold” rating in a research report on Friday, August 23rd. Finally, JPMorgan Chase & Co. cut shares of Peloton Interactive from an “overweight” rating to a “neutral” rating and cut their target price for the company from $7.00 to $5.00 in a research note on Friday, August 23rd. One research analyst has rated the stock with a sell rating, seventeen have issued a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat.com, Peloton Interactive presently has a consensus rating of “Hold” and a consensus price target of $4.97.

Peloton Interactive Stock Up 27.8 %

Shares of Peloton Interactive stock opened at $8.50 on Friday. Peloton Interactive has a 12-month low of $2.70 and a 12-month high of $8.92. The stock has a 50 day moving average price of $5.07 and a two-hundred day moving average price of $4.03. The stock has a market capitalization of $3.20 billion, a P/E ratio of -5.63 and a beta of 2.04.

Peloton Interactive (NASDAQ:PTON) last posted its quarterly earnings data on Thursday, October 31st. The company reported ($0.16) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.15) by ($0.01). The company had revenue of $586.00 million for the quarter, compared to analyst estimates of $572.97 million. The company’s revenue for the quarter was down 1.6% compared to the same quarter last year. During the same period in the prior year, the company posted ($0.44) earnings per share. Sell-side analysts anticipate that Peloton Interactive will post -0.65 earnings per share for the current year.

Insider Buying and Selling at Peloton Interactive

In related news, CAO Saqib Baig sold 50,000 shares of the firm’s stock in a transaction dated Friday, August 23rd. The stock was sold at an average price of $4.88, for a total value of $244,000.00. Following the transaction, the chief accounting officer now owns 87,014 shares in the company, valued at $424,628.32. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, CEO Chris Bruzzo sold 24,977 shares of the firm’s stock in a transaction on Friday, October 18th. The stock was sold at an average price of $5.80, for a total value of $144,866.60. Following the transaction, the chief executive officer now directly owns 149,240 shares in the company, valued at $865,592. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CAO Saqib Baig sold 50,000 shares of the firm’s stock in a transaction dated Friday, August 23rd. The stock was sold at an average price of $4.88, for a total value of $244,000.00. Following the transaction, the chief accounting officer now owns 87,014 shares in the company, valued at approximately $424,628.32. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 167,880 shares of company stock worth $815,767. Insiders own 1.34% of the company’s stock.

Institutional Trading of Peloton Interactive

Hedge funds have recently added to or reduced their stakes in the business. Mercer Global Advisors Inc. ADV acquired a new position in Peloton Interactive in the 2nd quarter worth $27,000. Skylands Capital LLC acquired a new stake in Peloton Interactive in the 2nd quarter valued at approximately $30,000. Nisa Investment Advisors LLC raised its position in Peloton Interactive by 1,836.7% in the 2nd quarter. Nisa Investment Advisors LLC now owns 9,490 shares of the company’s stock valued at $32,000 after buying an additional 9,000 shares during the last quarter. Schneider Downs Wealth Management Advisors LP bought a new position in shares of Peloton Interactive during the 2nd quarter worth approximately $35,000. Finally, CIBC Asset Management Inc acquired a new stake in shares of Peloton Interactive in the second quarter valued at approximately $35,000. Institutional investors and hedge funds own 77.01% of the company’s stock.

About Peloton Interactive

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.