Telsey Advisory Group Issues Positive Forecast for Peloton Interactive (NASDAQ:PTON) Stock Price

Peloton Interactive (NASDAQ:PTON) had its price target boosted by Telsey Advisory Group from $5.00 to $9.00 in a research report sent to investors on Friday, MarketBeat.com reports. They currently have a market perform rating on the stock.

A number of other research analysts have also recently issued reports on the stock. TD Cowen increased their target price on shares of Peloton Interactive from $3.00 to $4.00 and gave the company a “hold” rating in a report on Friday, August 23rd. Morgan Stanley raised their price objective on Peloton Interactive from $2.50 to $3.50 and gave the company an “equal weight” rating in a research note on Friday, August 23rd. Wolfe Research began coverage on Peloton Interactive in a research report on Tuesday, July 16th. They set a “peer perform” rating on the stock. Sanford C. Bernstein raised their price target on Peloton Interactive from $3.80 to $4.25 and gave the company a “market perform” rating in a research report on Friday, August 23rd. Finally, Needham & Company LLC reiterated a “hold” rating on shares of Peloton Interactive in a research report on Thursday, August 22nd. One equities research analyst has rated the stock with a sell rating, sixteen have assigned a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $6.05.

Peloton Interactive Price Performance

Peloton Interactive stock opened at $7.25 on Friday. The stock’s 50 day moving average price is $5.11 and its 200 day moving average price is $4.07. Peloton Interactive has a 1-year low of $2.70 and a 1-year high of $8.92. The company has a market cap of $2.73 billion, a PE ratio of -6.78 and a beta of 1.92.

Peloton Interactive (NASDAQ:PTON) last issued its earnings results on Thursday, October 31st. The company reported ($0.16) EPS for the quarter, missing the consensus estimate of ($0.15) by ($0.01). The business had revenue of $586.00 million for the quarter, compared to the consensus estimate of $572.97 million. The business’s quarterly revenue was down 1.6% on a year-over-year basis. During the same quarter in the prior year, the firm earned ($0.44) EPS. On average, equities research analysts anticipate that Peloton Interactive will post -0.65 EPS for the current fiscal year.

Insider Activity

In other Peloton Interactive news, CEO Chris Bruzzo sold 24,977 shares of the firm’s stock in a transaction dated Friday, October 18th. The stock was sold at an average price of $5.80, for a total value of $144,866.60. Following the sale, the chief executive officer now directly owns 149,240 shares of the company’s stock, valued at approximately $865,592. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, CEO Chris Bruzzo sold 24,977 shares of the stock in a transaction dated Friday, October 18th. The shares were sold at an average price of $5.80, for a total transaction 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 represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CFO Elizabeth F. Coddington sold 36,819 shares of the business’s stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of $4.74, for a total transaction of $174,522.06. Following the completion of the sale, the chief financial officer now owns 171,466 shares of the company’s stock, valued at approximately $812,748.84. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 167,880 shares of company stock valued at $815,767 over the last quarter. Company insiders own 1.34% of the company’s stock.

Institutional Trading of Peloton Interactive

A number of institutional investors and hedge funds have recently made changes to their positions in PTON. Mercer Global Advisors Inc. ADV purchased a new stake in Peloton Interactive during the second quarter valued at about $27,000. Skylands Capital LLC acquired a new stake in Peloton Interactive during the 2nd quarter worth approximately $30,000. Nisa Investment Advisors LLC raised its holdings in 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 buying an additional 9,000 shares during the period. Schneider Downs Wealth Management Advisors LP acquired a new position in Peloton Interactive during the second quarter valued at approximately $35,000. Finally, CIBC Asset Management Inc purchased a new stake in Peloton Interactive during the second quarter worth approximately $35,000. 77.01% of the stock is currently owned by institutional investors and hedge funds.

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.