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

Peloton Interactive (NASDAQ:PTON)‘s stock had its “market perform” rating reaffirmed by analysts at Telsey Advisory Group in a report released on Thursday,Benzinga reports. They presently have a $8.00 price target on the stock. Telsey Advisory Group’s price target would indicate a potential upside of 36.99% from the stock’s previous close.

Other equities analysts have also recently issued research reports about the company. Zacks Research upgraded Peloton Interactive from a “hold” rating to a “strong-buy” rating in a report on Monday. Weiss Ratings restated a “sell (d-)” rating on shares of Peloton Interactive in a research report on Friday, January 9th. Truist Financial boosted their price objective on shares of Peloton Interactive from $11.00 to $12.00 and gave the company a “buy” rating in a research report on Friday, November 7th. Macquarie increased their target price on shares of Peloton Interactive from $11.00 to $12.00 and gave the company an “outperform” rating in a research note on Tuesday, November 11th. Finally, Citigroup lowered their target price on shares of Peloton Interactive from $9.50 to $8.25 and set a “neutral” rating for the company in a report on Thursday, November 20th. One investment analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, seven have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $9.78.

Peloton Interactive Stock Down 0.5%

Peloton Interactive stock opened at $5.84 on Thursday. The company’s 50-day moving average price is $6.37 and its 200-day moving average price is $7.14. Peloton Interactive has a twelve month low of $4.63 and a twelve month high of $10.25. The company has a market cap of $2.44 billion, a PE ratio of -20.86, a price-to-earnings-growth ratio of 1.77 and a beta of 2.40.

Peloton Interactive (NASDAQ:PTON) last announced its quarterly earnings results on Thursday, November 6th. The company reported $0.03 EPS for the quarter, beating analysts’ consensus estimates of $0.01 by $0.02. The business had revenue of $550.80 million during the quarter, compared to the consensus estimate of $540.61 million. The firm’s revenue for the quarter was down 6.0% on a year-over-year basis. As a group, sell-side analysts expect that Peloton Interactive will post -0.36 earnings per share for the current fiscal year.

Insider Buying and Selling at Peloton Interactive

In other news, insider Jennifer Cunningham Cotter sold 131,495 shares of the business’s stock in a transaction on Thursday, November 20th. The shares were sold at an average price of $6.64, for a total transaction of $873,126.80. Following the completion of the sale, the insider directly owned 100,269 shares of the company’s stock, valued at approximately $665,786.16. The trade was a 56.74% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Elizabeth F. Coddington sold 21,820 shares of the firm’s stock in a transaction dated Monday, December 15th. The stock was sold at an average price of $6.31, for a total transaction of $137,684.20. Following the completion of the transaction, the chief financial officer directly owned 346,535 shares in the company, valued at $2,186,635.85. This represents a 5.92% decrease in their position. The SEC filing for this sale provides additional information. In the last 90 days, insiders sold 1,107,129 shares of company stock valued at $7,708,694. 1.30% of the stock is owned by company insiders.

Institutional Trading of Peloton Interactive

Institutional investors and hedge funds have recently modified their holdings of the stock. Rakuten Securities Inc. grew its stake in Peloton Interactive by 163.9% in the fourth quarter. Rakuten Securities Inc. now owns 11,951 shares of the company’s stock worth $74,000 after purchasing an additional 7,422 shares in the last quarter. Hennessy Advisors Inc. purchased a new stake in shares of Peloton Interactive in the 4th quarter worth $30,533,000. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in shares of Peloton Interactive by 13.6% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 88,634 shares of the company’s stock worth $546,000 after buying an additional 10,623 shares during the period. LVW Advisors LLC bought a new position in shares of Peloton Interactive during the 4th quarter worth $83,000. Finally, Traynor Capital Management Inc. increased its stake in shares of Peloton Interactive by 49.2% during the fourth quarter. Traynor Capital Management Inc. now owns 24,248 shares of the company’s stock valued at $149,000 after buying an additional 8,000 shares during the period. Institutional investors own 77.01% of the company’s stock.

About Peloton Interactive

Peloton Interactive, Inc operates a digital fitness platform that combines connected exercise equipment with live and on-demand workout classes. The company’s core products include stationary bikes (Peloton Bike and Bike+), treadmills (Peloton Tread and Tread+), and the Peloton Row. Each device integrates a touchscreen display that streams instructor-led cycling, running, strength, yoga, meditation and other fitness classes. Peloton generates recurring revenue through subscription plans, which grant users access to its growing library of workouts, performance tracking tools and community features.

Founded in 2012 by John Foley and headquartered in New York City, Peloton set out to deliver an immersive home-fitness experience by blending hardware, software and content.