Peloton Interactive’s (PTON) Market Perform Rating Reaffirmed at Telsey Advisory Group

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

Other equities research analysts have also recently issued reports about the company. Macquarie restated a “neutral” rating and set a $2.53 target price on shares of Peloton Interactive in a report on Thursday, August 22nd. Wolfe Research began coverage on shares of Peloton Interactive in a report on Tuesday, July 16th. They issued a “peer perform” rating on the stock. Robert W. Baird upped their price target on shares of Peloton Interactive from $4.00 to $4.75 and gave the company a “neutral” rating in a report on Monday, August 26th. TD Cowen upped their target price on Peloton Interactive from $3.00 to $4.00 and gave the company a “hold” rating in a report on Friday, August 23rd. Finally, Morgan Stanley upped their price objective on Peloton Interactive from $2.50 to $3.50 and gave the company an “equal weight” rating in a research report on Friday, August 23rd. One investment analyst has rated the stock with a sell rating, seventeen have given a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $4.52.

Peloton Interactive Stock Performance

NASDAQ PTON traded up $0.06 on Thursday, hitting $6.20. The stock had a trading volume of 234,696 shares, compared to its average volume of 15,506,277. The firm has a 50-day moving average of $4.67 and a 200-day moving average of $3.91. The company has a market capitalization of $2.33 billion, a price-to-earnings ratio of -4.01 and a beta of 2.04. Peloton Interactive has a 52-week low of $2.70 and a 52-week high of $7.24.

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

Insiders Place Their Bets

In other news, CEO Chris Bruzzo sold 15,113 shares of the company’s stock in a transaction on Thursday, August 1st. The stock was sold at an average price of $3.42, for a total value of $51,686.46. Following the transaction, the chief executive officer now owns 97,433 shares of the company’s stock, valued at $333,220.86. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. In other news, CAO Saqib Baig sold 50,000 shares of the business’s stock in a transaction that occurred on Friday, August 23rd. The shares were sold at an average price of $4.88, for a total value of $244,000.00. Following the completion of the transaction, the chief accounting officer now owns 87,014 shares of the company’s stock, valued at $424,628.32. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Chris Bruzzo sold 15,113 shares of Peloton Interactive stock in a transaction on Thursday, August 1st. The shares were sold at an average price of $3.42, for a total value of $51,686.46. Following the completion of the sale, the chief executive officer now directly owns 97,433 shares of the company’s stock, valued at approximately $333,220.86. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 182,993 shares of company stock valued at $867,453 over the last ninety days. Company insiders own 3.28% of the company’s stock.

Institutional Trading of Peloton Interactive

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

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.