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

Peloton Interactive (NASDAQ:PTON) had its price objective trimmed by Telsey Advisory Group from $11.00 to $9.00 in a research note published on Monday morning, Marketbeat.com reports. The brokerage currently has a market perform rating on the stock.

Other analysts also recently issued reports about the company. Deutsche Bank Aktiengesellschaft raised Peloton Interactive from a “hold” rating to a “buy” rating and set a $6.60 target price for the company in a report on Monday, April 14th. Bank of America decreased their price objective on Peloton Interactive from $11.50 to $9.50 and set a “buy” rating for the company in a report on Tuesday, April 15th. Canaccord Genuity Group raised shares of Peloton Interactive from a “hold” rating to a “buy” rating and set a $10.00 target price on the stock in a report on Friday, March 14th. JMP Securities reiterated a “market perform” rating on shares of Peloton Interactive in a research note on Monday, April 14th. Finally, Argus upgraded shares of Peloton Interactive from a “hold” rating to a “buy” rating and set a $15.00 price objective on the stock in a research note on Tuesday, February 11th. Fourteen research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Peloton Interactive has an average rating of “Hold” and an average price target of $8.48.

Peloton Interactive Stock Up 1.0 %

PTON stock opened at $6.89 on Monday. The stock has a market cap of $2.69 billion, a price-to-earnings ratio of -8.95 and a beta of 2.25. Peloton Interactive has a fifty-two week low of $2.83 and a fifty-two week high of $10.90. The business has a 50 day moving average price of $6.25 and a 200 day moving average price of $7.79.

Peloton Interactive (NASDAQ:PTON) last issued its earnings results on Thursday, February 6th. The company reported ($0.24) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.20) by ($0.04). As a group, sell-side analysts anticipate that Peloton Interactive will post -0.36 EPS for the current year.

Insider Buying and Selling

In other Peloton Interactive news, insider Jennifer Cunningham Cotter sold 187,238 shares of the company’s stock in a transaction on Thursday, March 6th. The stock was sold at an average price of $6.45, for a total value of $1,207,685.10. Following the sale, the insider now owns 100,269 shares of the company’s stock, valued at approximately $646,735.05. This represents a 65.12 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CAO Saqib Baig sold 22,662 shares of the business’s stock in a transaction dated Wednesday, February 19th. The stock was sold at an average price of $9.75, for a total transaction of $220,954.50. Following the completion of the sale, the chief accounting officer now owns 130,031 shares in the company, valued at $1,267,802.25. This represents a 14.84 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 674,338 shares of company stock valued at $5,522,838. Corporate insiders own 1.34% 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. Vanguard Group Inc. lifted its holdings in shares of Peloton Interactive by 4.9% during the 4th quarter. Vanguard Group Inc. now owns 35,059,790 shares of the company’s stock worth $305,020,000 after acquiring an additional 1,645,640 shares during the period. T. Rowe Price Investment Management Inc. raised its stake in Peloton Interactive by 38.0% during the fourth quarter. T. Rowe Price Investment Management Inc. now owns 16,820,256 shares of the company’s stock worth $146,337,000 after purchasing an additional 4,635,667 shares during the period. DME Capital Management LP boosted its holdings in shares of Peloton Interactive by 10.4% in the 4th quarter. DME Capital Management LP now owns 10,522,687 shares of the company’s stock valued at $91,547,000 after purchasing an additional 992,797 shares during the last quarter. Hennessy Advisors Inc. purchased a new stake in shares of Peloton Interactive during the 4th quarter valued at $85,260,000. Finally, Geode Capital Management LLC increased its holdings in shares of Peloton Interactive by 2.1% during the 4th quarter. Geode Capital Management LLC now owns 8,270,328 shares of the company’s stock worth $71,969,000 after buying an additional 170,901 shares during the last quarter. 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.