Peloton Interactive (NASDAQ:PTON) Given Market Perform Rating at Telsey Advisory Group

Telsey Advisory Group restated their market perform rating on shares of Peloton Interactive (NASDAQ:PTON) in a research report sent to investors on Monday,Benzinga reports. Telsey Advisory Group currently has a $9.00 target price on the stock.

Other research analysts also recently issued research reports about the stock. Truist Financial set a $11.00 price target on shares of Peloton Interactive in a report on Thursday, August 7th. Zacks Research upgraded shares of Peloton Interactive from a “hold” rating to a “strong-buy” rating in a research report on Monday, October 6th. Needham & Company LLC reiterated a “hold” rating on shares of Peloton Interactive in a research report on Thursday, August 7th. Morgan Stanley lifted their price target on shares of Peloton Interactive from $4.00 to $5.75 and gave the company an “equal weight” rating in a report on Monday, August 4th. Finally, Macquarie boosted their target price on shares of Peloton Interactive from $10.00 to $11.00 and gave the stock an “outperform” rating in a research note on Thursday, August 14th. One equities research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, six have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, Peloton Interactive currently has a consensus rating of “Moderate Buy” and an average price target of $9.78.

Peloton Interactive Stock Performance

Shares of NASDAQ:PTON opened at $7.27 on Monday. The company has a market cap of $2.96 billion, a PE ratio of -23.45, a price-to-earnings-growth ratio of 2.49 and a beta of 2.33. Peloton Interactive has a 52 week low of $4.63 and a 52 week high of $10.90. The firm has a 50 day simple moving average of $7.84 and a 200 day simple moving average of $7.21.

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

Insider Activity at Peloton Interactive

In other news, CFO Elizabeth F. Coddington sold 238,664 shares of the business’s stock in a transaction on Tuesday, September 16th. The shares were sold at an average price of $7.85, for a total value of $1,873,512.40. Following the sale, the chief financial officer owned 346,535 shares of the company’s stock, valued at $2,720,299.75. The trade was a 40.78% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Dion C. Sanders sold 127,911 shares of the business’s stock in a transaction on Tuesday, September 16th. The stock was sold at an average price of $7.78, for a total transaction of $995,147.58. Following the completion of the sale, the insider directly owned 110,753 shares in the company, valued at approximately $861,658.34. This represents a 53.59% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 1,864,467 shares of company stock worth $14,898,015 over the last ninety days. 1.30% of the stock is owned by corporate insiders.

Institutional Trading of Peloton Interactive

Several institutional investors and hedge funds have recently added to or reduced their stakes in PTON. Bessemer Group Inc. increased its holdings in shares of Peloton Interactive by 1,602.6% in the second 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 Peloton Interactive by 64.6% during the second quarter. MAI Capital Management now owns 5,498 shares of the company’s stock worth $38,000 after buying an additional 2,158 shares in the last quarter. Nisa Investment Advisors LLC boosted its stake in shares of Peloton Interactive by 40.2% in the 1st quarter. Nisa Investment Advisors LLC now owns 6,503 shares of the company’s stock valued at $41,000 after purchasing an additional 1,864 shares in the last quarter. Farther Finance Advisors LLC raised its holdings in Peloton Interactive by 158.3% in the 3rd quarter. Farther Finance Advisors LLC now owns 7,986 shares of the company’s stock valued at $72,000 after buying an additional 4,894 shares during the last quarter. Finally, Abel Hall LLC bought a new position in Peloton Interactive in the 1st quarter valued at approximately $64,000. 77.01% of the stock is owned by institutional investors.

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.