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

Peloton Interactive (NASDAQ:PTON)‘s stock had its “market perform” rating restated by equities research analysts at Telsey Advisory Group in a research report issued to clients and investors on Thursday, Benzinga reports. They currently have a $5.00 price objective on the stock. Telsey Advisory Group’s price target points to a potential downside of 20.38% from the company’s previous close.

PTON has been the topic of several other research reports. JPMorgan Chase & Co. downgraded Peloton Interactive from an “overweight” rating to a “neutral” rating and reduced their price objective for the stock from $7.00 to $5.00 in a report on Friday, August 23rd. Roth Mkm upped their price target on Peloton Interactive from $5.00 to $6.00 and gave the company a “buy” rating in a research note on Friday, August 23rd. Macquarie reiterated a “neutral” rating and issued a $2.53 price objective on shares of Peloton Interactive in a research report on Thursday, August 22nd. Needham & Company LLC restated a “hold” rating on shares of Peloton Interactive in a research report on Thursday, August 22nd. Finally, Canaccord Genuity Group lifted their price target on shares of Peloton Interactive from $4.00 to $5.00 and gave the stock a “hold” rating in a research report on Friday, August 23rd. One analyst has rated the stock with a sell rating, seventeen have issued a hold rating and two have issued a buy rating to the company. According to MarketBeat, the company has an average rating of “Hold” and a consensus price target of $4.52.

Peloton Interactive Stock Performance

Shares of NASDAQ:PTON opened at $6.28 on Thursday. The business has a fifty day moving average of $4.72 and a 200-day moving average of $3.92. Peloton Interactive has a twelve month low of $2.70 and a twelve month high of $7.24. The firm has a market cap of $2.33 billion, a PE ratio of -2.98 and a beta of 2.04.

Peloton Interactive (NASDAQ:PTON) last issued its quarterly earnings data on Thursday, August 22nd. The company reported ($0.08) EPS for the quarter, topping analysts’ consensus estimates of ($0.18) by $0.10. The company had revenue of $644.00 million for the quarter, compared to the consensus estimate of $633.00 million. During the same period in the prior year, the company earned ($0.68) EPS. The firm’s revenue was up .3% compared to the same quarter last year. On average, analysts anticipate that Peloton Interactive will post -0.65 EPS for the current fiscal year.

Insider Activity

In related news, insider Nick V. Caldwell bought 31,337 shares of the company’s stock in a transaction on Friday, August 23rd. The shares were purchased at an average cost of $4.25 per share, for a total transaction of $133,182.25. Following the acquisition, the insider now owns 31,337 shares of the company’s stock, valued at approximately $133,182.25. The purchase was disclosed in a filing with the SEC, which can be accessed through this link. In other news, CEO Chris Bruzzo sold 15,113 shares of the company’s stock in a transaction dated Thursday, August 1st. The stock was 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. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Nick V. Caldwell bought 31,337 shares of the company’s stock in a transaction that occurred on Friday, August 23rd. The stock was purchased at an average cost of $4.25 per share, for a total transaction of $133,182.25. Following the transaction, the insider now owns 31,337 shares in the company, valued at $133,182.25. The disclosure for this purchase can be found here. Insiders have sold 182,993 shares of company stock worth $867,453 in the last 90 days. Corporate insiders own 3.28% of the company’s stock.

Hedge Funds Weigh In On Peloton Interactive

Several hedge funds have recently made changes to their positions in PTON. Abundance Wealth Counselors lifted its position in shares of Peloton Interactive by 24.7% in the second quarter. Abundance Wealth Counselors now owns 13,380 shares of the company’s stock worth $45,000 after purchasing an additional 2,654 shares in the last quarter. Signaturefd LLC increased its stake in Peloton Interactive by 2.7% in the 2nd quarter. Signaturefd LLC now owns 113,645 shares of the company’s stock valued at $384,000 after buying an additional 3,032 shares during the last quarter. Arizona State Retirement System lifted its position in Peloton Interactive by 3.8% during the 2nd quarter. Arizona State Retirement System now owns 92,781 shares of the company’s stock worth $314,000 after buying an additional 3,377 shares in the last quarter. Kohmann Bosshard Financial Services LLC boosted its stake in shares of Peloton Interactive by 50.0% during the 3rd quarter. Kohmann Bosshard Financial Services LLC now owns 15,000 shares of the company’s stock worth $70,000 after buying an additional 5,000 shares during the last quarter. Finally, Commonwealth Equity Services LLC grew its holdings in shares of Peloton Interactive by 4.3% in the 2nd quarter. Commonwealth Equity Services LLC now owns 133,765 shares of the company’s stock valued at $452,000 after acquiring an additional 5,463 shares in the last quarter. 77.01% of the stock is owned by 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.