Peloton Interactive (NASDAQ:PTON) Earns Market Perform Rating from Telsey Advisory Group

Telsey Advisory Group reissued their market perform rating on shares of Peloton Interactive (NASDAQ:PTON) in a research report sent to investors on Thursday, Benzinga reports. They currently have a $5.00 price objective on the stock.

PTON has been the topic of several other research reports. Sanford C. Bernstein increased their target price 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. Morgan Stanley lifted their target price 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. JMP Securities reissued a “market perform” rating on shares of Peloton Interactive in a research report on Thursday, October 3rd. Needham & Company LLC reaffirmed a “hold” rating on shares of Peloton Interactive in a research report on Thursday, August 22nd. Finally, BMO Capital Markets reissued a “market perform” rating and set a $6.50 target price on shares of Peloton Interactive in a research report on Tuesday, October 1st. 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 MarketBeat, Peloton Interactive currently has a consensus rating of “Hold” and a consensus target price of $4.52.

Peloton Interactive Trading Up 2.3 %

PTON opened at $6.28 on Thursday. The company has a market capitalization of $2.33 billion, a price-to-earnings ratio of -2.98 and a beta of 2.04. Peloton Interactive has a 12-month low of $2.70 and a 12-month high of $7.24. The business’s fifty day simple moving average is $4.79 and its 200-day simple moving average is $3.94.

Peloton Interactive (NASDAQ:PTON) last posted its earnings results on Thursday, August 22nd. The company reported ($0.08) EPS for the quarter, beating analysts’ consensus estimates 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 period last year, the business posted ($0.68) EPS. The company’s revenue for the quarter was up .3% on a year-over-year basis. On average, equities research analysts predict that Peloton Interactive will post -0.65 EPS for the current year.

Insider Activity

In related news, CFO Elizabeth F. Coddington sold 56,084 shares of the business’s stock in a transaction on Tuesday, September 3rd. The shares were sold at an average price of $4.50, for a total transaction of $252,378.00. Following the completion of the transaction, the chief financial officer now directly owns 186,466 shares in the company, valued at $839,097. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In other news, CEO Chris Bruzzo sold 15,113 shares of Peloton Interactive stock in a transaction that occurred on Thursday, August 1st. The shares were sold at an average price of $3.42, for a total transaction of $51,686.46. Following the completion of the transaction, the chief executive officer now directly owns 97,433 shares of the company’s stock, valued at $333,220.86. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Elizabeth F. Coddington sold 56,084 shares of the stock in a transaction on Tuesday, September 3rd. The stock was sold at an average price of $4.50, for a total transaction of $252,378.00. Following the sale, the chief financial officer now directly owns 186,466 shares in the company, valued at $839,097. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 182,993 shares of company stock valued at $867,453 in the last ninety days. Insiders own 3.28% of the company’s stock.

Institutional Investors Weigh In On Peloton Interactive

Several hedge funds have recently modified their holdings of the company. Ballentine Partners LLC purchased a new position in Peloton Interactive during the third quarter worth approximately $55,000. Kohmann Bosshard Financial Services LLC grew its stake in Peloton Interactive by 50.0% in the 3rd quarter. Kohmann Bosshard Financial Services LLC now owns 15,000 shares of the company’s stock valued at $70,000 after acquiring an additional 5,000 shares during the period. nVerses Capital LLC increased its holdings in Peloton Interactive by 57.1% in the 3rd quarter. nVerses Capital LLC now owns 30,000 shares of the company’s stock worth $140,000 after acquiring an additional 10,900 shares in the last quarter. Wedmont Private Capital acquired a new position in Peloton Interactive during the third quarter worth $77,000. Finally, SG Americas Securities LLC lifted its holdings in Peloton Interactive by 122.4% during the third quarter. SG Americas Securities LLC now owns 323,478 shares of the company’s stock valued at $1,514,000 after purchasing an additional 178,037 shares in the last quarter. 77.01% of the stock is owned by hedge funds and other institutional investors.

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.