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

Peloton Interactive (NASDAQ:PTON) had its target price upped by Telsey Advisory Group from $8.00 to $9.00 in a report released on Thursday, Marketbeat Ratings reports. The brokerage currently has a market perform rating on the stock.

A number of other research firms have also recently weighed in on PTON. Macquarie increased their price target on Peloton Interactive from $10.00 to $11.00 and gave the stock an “outperform” rating in a report on Thursday, August 14th. The Goldman Sachs Group upgraded Peloton Interactive from a “neutral” rating to a “buy” rating and increased their price target for the stock from $7.00 to $11.50 in a report on Friday, August 8th. UBS Group upgraded Peloton Interactive from a “neutral” rating to a “buy” rating and raised their target price for the company from $7.50 to $11.00 in a report on Wednesday, July 30th. Truist Financial set a $11.00 target price on Peloton Interactive in a report on Thursday, August 7th. Finally, Morgan Stanley raised their target price on Peloton Interactive from $4.00 to $5.75 and gave the company an “equal weight” rating in a report on Monday, August 4th. Eight analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $9.36.

Peloton Interactive Stock Up 0.1%

Shares of NASDAQ:PTON opened at $8.68 on Thursday. The business has a fifty day moving average of $7.82 and a two-hundred day moving average of $6.95. The stock has a market cap of $3.54 billion, a P/E ratio of -28.00, a PEG ratio of 3.33 and a beta of 2.27. Peloton Interactive has a 52-week low of $4.49 and a 52-week high of $10.90.

Peloton Interactive (NASDAQ:PTON) last issued its earnings results on Thursday, August 7th. The company reported $0.05 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.07) by $0.12. The company had revenue of $606.90 million during the quarter, compared to analysts’ expectations of $580.29 million. The firm’s quarterly revenue was down 5.8% compared to the same quarter last year. During the same quarter in the previous year, the company earned ($0.08) earnings per share. Peloton Interactive has set its FY 2025 guidance at EPS. On average, equities analysts anticipate that Peloton Interactive will post -0.36 earnings per share for the current year.

Insider Buying and Selling at Peloton Interactive

In other Peloton Interactive news, insider Nick V. Caldwell sold 206,901 shares of Peloton Interactive stock in a transaction that occurred on Tuesday, September 16th. The stock was sold at an average price of $7.78, for a total transaction of $1,609,689.78. Following the transaction, the insider owned 737,788 shares of the company’s stock, valued at $5,739,990.64. The trade was a 21.90% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider Dion C. Sanders sold 110,753 shares of Peloton Interactive stock in a transaction that occurred on Thursday, September 18th. The stock was sold at an average price of $8.05, for a total value of $891,561.65. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 1,851,961 shares of company stock worth $14,775,168. 1.34% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in PTON. FNY Investment Advisers LLC purchased a new position in shares of Peloton Interactive in the 1st quarter valued at approximately $37,000. Bessemer Group Inc. grew its stake in shares of Peloton Interactive by 1,602.6% in the 2nd quarter. Bessemer Group Inc. now owns 5,312 shares of the company’s stock valued at $37,000 after purchasing an additional 5,000 shares during the last quarter. MAI Capital Management grew its stake in shares of Peloton Interactive by 64.6% in the 2nd quarter. MAI Capital Management now owns 5,498 shares of the company’s stock valued at $38,000 after purchasing an additional 2,158 shares during the last quarter. Nisa Investment Advisors LLC boosted its stake in shares of Peloton Interactive by 40.2% in the first quarter. Nisa Investment Advisors LLC now owns 6,503 shares of the company’s stock valued at $41,000 after buying an additional 1,864 shares in the last quarter. Finally, GAMMA Investing LLC boosted its stake in shares of Peloton Interactive by 1,082.5% in the first quarter. GAMMA Investing LLC now owns 8,159 shares of the company’s stock valued at $52,000 after buying an additional 7,469 shares in the last quarter. 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.