Telsey Advisory Group Reiterates Market Perform Rating for Peloton Interactive (NASDAQ:PTON)

Telsey Advisory Group reiterated their market perform rating on shares of Peloton Interactive (NASDAQ:PTON) in a research report released on Friday, Benzinga reports. The brokerage currently has a $4.00 price target on the stock.

A number of other equities analysts also recently commented on the company. Needham & Company LLC reiterated a hold rating on shares of Peloton Interactive in a research report on Friday, May 3rd. JMP Securities reiterated a market perform rating on shares of Peloton Interactive in a report on Tuesday, July 2nd. Macquarie lowered their price target on shares of Peloton Interactive from $4.50 to $2.53 and set a neutral rating on the stock in a research report on Friday, May 3rd. Robert W. Baird raised their price objective on shares of Peloton Interactive from $3.50 to $4.00 and gave the stock a neutral rating in a research report on Tuesday, May 21st. Finally, Sanford C. Bernstein lowered shares of Peloton Interactive from an outperform rating to a market perform rating and decreased their target price for the company from $8.00 to $3.80 in a report on Friday, May 3rd. Two research analysts have rated the stock with a sell rating, sixteen have issued a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of Hold and a consensus price target of $5.09.

Peloton Interactive Price Performance

PTON opened at $3.21 on Friday. The firm has a market capitalization of $1.19 billion, a price-to-earnings ratio of -1.52 and a beta of 2.02. The company’s 50 day simple moving average is $3.47 and its two-hundred day simple moving average is $3.78. Peloton Interactive has a 1-year low of $2.70 and a 1-year high of $7.49.

Insider Activity at Peloton Interactive

In related news, CEO Chris Bruzzo sold 15,113 shares of the firm’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 in the company, valued at approximately $333,220.86. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Peloton Interactive news, CFO Elizabeth F. Coddington sold 8,923 shares of the business’s stock in a transaction on Friday, June 14th. The shares were sold at an average price of $3.68, for a total value of $32,836.64. Following the completion of the transaction, the chief financial officer now owns 186,466 shares in the company, valued at $686,194.88. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Chris Bruzzo sold 15,113 shares of the stock in a transaction on Thursday, August 1st. The shares were sold at an average price of $3.42, for a total value of $51,686.46. Following the completion of the sale, the chief executive officer now owns 97,433 shares in the company, valued at $333,220.86. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 53,813 shares of company stock worth $187,715. 3.28% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the stock. Raymond James Financial Services Advisors Inc. lifted its stake in Peloton Interactive by 6.4% in the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 31,983 shares of the company’s stock worth $195,000 after acquiring an additional 1,921 shares during the last quarter. Abundance Wealth Counselors lifted its position in shares of Peloton Interactive by 24.7% during the 2nd quarter. Abundance Wealth Counselors now owns 13,380 shares of the company’s stock worth $45,000 after purchasing an additional 2,654 shares during the last quarter. Signaturefd LLC grew its stake in shares of Peloton Interactive by 2.7% during 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 holdings 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 during the last quarter. Finally, Private Advisor Group LLC raised its position in shares of Peloton Interactive by 11.5% during the 4th quarter. Private Advisor Group LLC now owns 37,373 shares of the company’s stock worth $228,000 after acquiring an additional 3,855 shares in the last quarter. 77.01% of the stock is owned by institutional investors and hedge funds.

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.