Peloton Interactive (NASDAQ:PTON) Stock Rating Reaffirmed by Telsey Advisory Group

Telsey Advisory Group reissued their market perform rating on shares of Peloton Interactive (NASDAQ:PTON) in a report released on Monday, MarketBeat Ratings reports. Telsey Advisory Group currently has a $4.00 price target on the stock, down from their previous price target of $5.00.

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

Peloton Interactive Price Performance

Shares of PTON opened at $3.22 on Monday. Peloton Interactive has a 1-year low of $2.91 and a 1-year high of $9.87. The company has a 50-day moving average of $3.97 and a 200 day moving average of $4.89. The firm has a market capitalization of $1.18 billion, a price-to-earnings ratio of -1.31 and a beta of 1.96.

Peloton Interactive (NASDAQ:PTON) last announced its quarterly earnings data on Thursday, February 1st. The company reported ($0.54) earnings per share for the quarter, beating analysts’ consensus estimates 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 business earned ($0.98) EPS. The company’s quarterly revenue was down 6.2% compared to the same quarter last year. On average, equities analysts anticipate that Peloton Interactive will post -1.6 earnings per share for the current fiscal year.

Insider Transactions at Peloton Interactive

In other Peloton Interactive news, CFO Elizabeth F. Coddington sold 8,977 shares of the business’s stock in a transaction that occurred on Thursday, March 14th. The shares were sold at an average price of $4.34, for a total transaction of $38,960.18. Following the sale, the chief financial officer now owns 104,428 shares of the company’s stock, valued at approximately $453,217.52. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Insiders own 3.28% of the company’s stock.

Institutional Trading of Peloton Interactive

Several large investors have recently bought and sold shares of PTON. Johnson & White Wealth Management LLC purchased a new stake in Peloton Interactive during the 1st quarter worth approximately $43,000. Abundance Wealth Counselors purchased a new stake in Peloton Interactive during the 1st quarter worth approximately $46,000. Rakuten Securities Inc. purchased a new stake in Peloton Interactive during the 4th quarter worth approximately $47,000. Carl P. Sherr & Co. LLC purchased a new stake in Peloton Interactive during the 3rd quarter worth approximately $55,000. Finally, Clear Harbor Asset Management LLC purchased a new stake in Peloton Interactive during the 4th quarter worth approximately $78,000. Hedge funds and other institutional investors own 77.01% of the company’s stock.

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.