Peloton Interactive (NASDAQ:PTON) Price Target Raised to $9.00 at Telsey Advisory Group

Peloton Interactive (NASDAQ:PTON) had its price objective increased by Telsey Advisory Group from $5.00 to $9.00 in a report released on Friday, Marketbeat reports. They currently have a market perform rating on the stock.

A number of other brokerages have also commented on PTON. Roth Mkm lifted their price target on shares of Peloton Interactive from $5.00 to $6.00 and gave the stock a “buy” rating in a research note on Friday, August 23rd. TD Cowen increased their price target on Peloton Interactive from $3.00 to $4.00 and gave the company a “hold” rating in a report on Friday, August 23rd. JPMorgan Chase & Co. lowered Peloton Interactive from an “overweight” rating to a “neutral” rating and cut their price objective for the stock from $7.00 to $5.00 in a report on Friday, August 23rd. Needham & Company LLC reaffirmed a “hold” rating on shares of Peloton Interactive in a report on Thursday, August 22nd. Finally, BMO Capital Markets reaffirmed a “market perform” rating and issued a $6.50 price objective on shares of Peloton Interactive in a research note on Tuesday, October 1st. One equities research 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’s stock. According to MarketBeat, Peloton Interactive has an average rating of “Hold” and a consensus target price of $5.98.

Peloton Interactive Price Performance

Shares of NASDAQ:PTON traded down $1.25 on Friday, hitting $7.25. 44,046,727 shares of the company traded hands, compared to its average volume of 20,077,132. The stock has a 50 day simple moving average of $5.11 and a 200-day simple moving average of $4.06. Peloton Interactive has a 52 week low of $2.70 and a 52 week high of $8.92.

Peloton Interactive (NASDAQ:PTON) last issued its earnings results on Thursday, October 31st. The company reported ($0.16) earnings per share (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 analyst estimates of $572.97 million. During the same period in the previous year, the business earned ($0.44) earnings per share. The business’s revenue was down 1.6% on a year-over-year basis. As a group, equities analysts expect that Peloton Interactive will post -0.65 EPS for the current fiscal year.

Insider Activity at Peloton Interactive

In related news, CAO Saqib Baig sold 50,000 shares of the business’s stock in a transaction on Friday, August 23rd. The stock was sold at an average price of $4.88, for a total transaction of $244,000.00. Following the completion of the transaction, the chief accounting officer now owns 87,014 shares in the company, valued at $424,628.32. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, CAO Saqib Baig sold 50,000 shares of the firm’s stock in a transaction dated Friday, August 23rd. The shares were sold at an average price of $4.88, for a total value of $244,000.00. Following the transaction, the chief accounting officer now owns 87,014 shares of the company’s stock, valued at $424,628.32. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Nick V. Caldwell acquired 31,337 shares of the stock in a transaction on Friday, August 23rd. The stock was bought at an average cost of $4.25 per share, with a total value of $133,182.25. Following the completion of 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. In the last ninety days, insiders have sold 167,880 shares of company stock worth $815,767. Insiders own 1.34% of the company’s stock.

Institutional Trading of Peloton Interactive

Hedge funds have recently added to or reduced their stakes in the business. Abundance Wealth Counselors raised its position in shares of Peloton Interactive by 24.7% in the 2nd quarter. Abundance Wealth Counselors now owns 13,380 shares of the company’s stock worth $45,000 after acquiring an additional 2,654 shares in the last quarter. Signaturefd LLC raised its holdings in Peloton Interactive by 2.7% in the second quarter. Signaturefd LLC now owns 113,645 shares of the company’s stock worth $384,000 after purchasing an additional 3,032 shares in the last quarter. Arizona State Retirement System lifted its position in shares of Peloton Interactive by 3.8% during the second quarter. Arizona State Retirement System now owns 92,781 shares of the company’s stock valued at $314,000 after buying an additional 3,377 shares during the last quarter. Kohmann Bosshard Financial Services LLC boosted its holdings in shares of 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 buying an additional 5,000 shares in the last quarter. Finally, Commonwealth Equity Services LLC grew its position 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 worth $452,000 after buying an additional 5,463 shares during 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.