Peloton Interactive (NASDAQ:PTON) Earns “Market Perform” Rating from Telsey Advisory Group

Telsey Advisory Group restated their market perform rating on shares of Peloton Interactive (NASDAQ:PTON) in a research note released on Friday morning, Benzinga reports. They currently have a $4.00 target price on the stock.

Other analysts have also issued research reports about the company. Wolfe Research started coverage on Peloton Interactive in a report on Tuesday, July 16th. They issued a peer perform rating for the company. JPMorgan Chase & Co. reduced their price target on shares of Peloton Interactive from $8.00 to $7.00 and set an overweight rating for the company in a research report on Friday, May 3rd. Oppenheimer reissued an outperform rating on shares of Peloton Interactive in a report on Tuesday, May 7th. Macquarie reduced their target price on shares of Peloton Interactive from $4.50 to $2.53 and set a neutral rating for the company in a report on Friday, May 3rd. Finally, Needham & Company LLC reiterated a hold rating on shares of Peloton Interactive in a research note on Friday, May 3rd. Two equities research analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, Peloton Interactive has a consensus rating of Hold and an average target price of $5.09.

Peloton Interactive Stock Performance

Shares of PTON stock opened at $3.21 on Friday. Peloton Interactive has a 12-month low of $2.70 and a 12-month high of $7.49. The stock has a market capitalization of $1.19 billion, a P/E ratio of -1.52 and a beta of 2.02. The firm’s 50 day moving average is $3.47 and its 200 day moving average is $3.78.

Insider Buying and Selling at Peloton Interactive

In other news, CFO Elizabeth F. Coddington sold 8,923 shares of Peloton Interactive stock in a transaction dated Friday, June 14th. The stock was sold at an average price of $3.68, for a total value of $32,836.64. Following the sale, the chief financial officer now directly owns 186,466 shares of the company’s stock, valued at $686,194.88. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, CEO Chris Bruzzo sold 14,936 shares of the company’s stock in a transaction on Tuesday, June 4th. The shares were sold at an average price of $3.62, for a total transaction of $54,068.32. Following the sale, the chief executive officer now owns 38,680 shares of the company’s stock, valued at $140,021.60. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CFO Elizabeth F. Coddington sold 8,923 shares of Peloton Interactive stock in a transaction on Friday, June 14th. The stock was sold at an average price of $3.68, for a total transaction of $32,836.64. Following the completion of the transaction, the chief financial officer now directly owns 186,466 shares of the company’s stock, valued at $686,194.88. The disclosure for this sale can be found here. Insiders sold 53,813 shares of company stock valued at $187,715 in the last 90 days. Insiders own 3.28% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in PTON. Mercer Global Advisors Inc. ADV bought a new stake in Peloton Interactive during the second quarter worth approximately $27,000. Skylands Capital LLC bought a new position in shares of Peloton Interactive during the 2nd quarter valued at approximately $30,000. Nisa Investment Advisors LLC raised its holdings in Peloton Interactive by 1,836.7% during the 2nd quarter. Nisa Investment Advisors LLC now owns 9,490 shares of the company’s stock valued at $32,000 after buying an additional 9,000 shares during the period. Schneider Downs Wealth Management Advisors LP bought a new stake in Peloton Interactive in the second quarter worth $35,000. Finally, CIBC Asset Management Inc purchased a new position in Peloton Interactive during the second quarter worth $35,000. 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.