Peloton Interactive’s (PTON) Market Perform Rating Reaffirmed at Telsey Advisory Group

Telsey Advisory Group reiterated their market perform rating on shares of Peloton Interactive (NASDAQ:PTON) in a report published on Monday morning, Marketbeat.com reports. They currently have a $4.00 target price on the stock, down from their prior target price of $5.00.

Other equities research analysts have also recently issued research reports about the company. Morgan Stanley started coverage on Peloton Interactive in a research note on Monday, March 11th. They set an equal weight rating and a $3.00 price objective on the stock. Truist Financial cut their price objective on Peloton Interactive from $7.00 to $6.00 and set a hold rating for the company in a research report on Friday, February 2nd. The Goldman Sachs Group decreased their target price on Peloton Interactive from $6.50 to $5.75 and set a neutral rating on the stock in a report on Friday, February 2nd. Finally, JPMorgan Chase & Co. reduced their price objective on shares of Peloton Interactive from $9.00 to $8.00 and set an overweight rating for the company in a research report on Friday, February 2nd. Three analysts have rated the stock with a sell rating, twelve have given a hold rating and five have assigned a buy rating to the stock. According to MarketBeat, the company currently has an average rating of Hold and a consensus price target of $7.40.

Peloton Interactive Stock Performance

Peloton Interactive stock opened at $3.30 on Monday. The firm has a 50-day moving average of $4.01 and a 200-day moving average of $4.92. Peloton Interactive has a one year low of $2.91 and a one year high of $9.87.

Peloton Interactive (NASDAQ:PTON) last released its earnings results on Thursday, February 1st. The company reported ($0.54) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.55) by $0.01. The company had revenue of $743.60 million for the quarter, compared to the consensus estimate of $733.17 million. During the same quarter in the previous year, the company posted ($0.98) EPS. The business’s revenue was down 6.2% on a year-over-year basis. Analysts forecast that Peloton Interactive will post -1.6 EPS for the current year.

Insider Activity

In related news, Director Karen Boone sold 50,000 shares of the stock in a transaction that occurred on Thursday, February 1st. The stock was sold at an average price of $4.33, for a total transaction of $216,500.00. Following the sale, the director now owns 34,966 shares of the company’s stock, valued at $151,402.78. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other Peloton Interactive news, Director Karen Boone sold 50,000 shares of Peloton Interactive stock in a transaction on Thursday, February 1st. The stock was sold at an average price of $4.33, for a total value of $216,500.00. Following the completion of the transaction, the director now directly owns 34,966 shares of the company’s stock, valued at approximately $151,402.78. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Elizabeth F. Coddington sold 8,977 shares of the stock in a transaction on Thursday, March 14th. The stock was sold at an average price of $4.34, for a total value of $38,960.18. Following the sale, the chief financial officer now directly owns 104,428 shares in the company, valued at $453,217.52. The disclosure for this sale can be found here. 3.28% of the stock is owned by company insiders.

Hedge Funds Weigh In On Peloton Interactive

Several hedge funds have recently bought and sold shares of PTON. Rakuten Securities Inc. acquired a new stake in shares of Peloton Interactive during the 4th quarter worth approximately $47,000. Johnson & White Wealth Management LLC bought a new stake in shares of Peloton Interactive during the 1st quarter worth $43,000. Abundance Wealth Counselors acquired a new stake in Peloton Interactive in the first quarter valued at about $46,000. Carl P. Sherr & Co. LLC bought a new position in Peloton Interactive in the third quarter valued at about $55,000. Finally, Clear Harbor Asset Management LLC bought a new position in shares of Peloton Interactive in the fourth quarter worth about $78,000. 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.