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

Peloton Interactive logo with Consumer Discretionary background

Key Points

  • Telsey Advisory Group reaffirmed Peloton Interactive's stock rating as "market perform" with a target price set at $8.00, suggesting a potential upside of 12.04% from its previous close.
  • Peloton's recent earnings report showed a loss of ($0.12) EPS, which missed analysts' expectations, while the company's revenue declined by 13.1% year-over-year.
  • Insider selling activity saw notable transactions, with insider Dion C. Sanders selling 122,036 shares valued at around $762,725, indicating reduced confidence in the company's stock.
  • Five stocks to consider instead of Peloton Interactive.

Peloton Interactive (NASDAQ:PTON - Get Free Report)'s stock had its "market perform" rating reaffirmed by research analysts at Telsey Advisory Group in a research report issued to clients and investors on Friday,Benzinga reports. They currently have a $8.00 target price on the stock. Telsey Advisory Group's price target indicates a potential upside of 12.04% from the company's previous close.

Several other research firms have also issued reports on PTON. Needham & Company LLC restated a "hold" rating on shares of Peloton Interactive in a report on Friday, May 9th. JPMorgan Chase & Co. lowered their target price on shares of Peloton Interactive from $8.00 to $7.00 and set a "neutral" rating for the company in a research note on Tuesday, April 8th. Bank of America reduced their target price on shares of Peloton Interactive from $11.50 to $9.50 and set a "buy" rating for the company in a report on Tuesday, April 15th. JMP Securities reiterated a "market perform" rating on shares of Peloton Interactive in a research note on Monday, April 14th. Finally, UBS Group raised shares of Peloton Interactive from a "neutral" rating to a "buy" rating and boosted their price target for the stock from $7.50 to $11.00 in a report on Wednesday. Eleven analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of "Hold" and a consensus target price of $8.36.

Read Our Latest Stock Report on PTON

Peloton Interactive Price Performance

NASDAQ:PTON opened at $7.14 on Friday. Peloton Interactive has a one year low of $2.83 and a one year high of $10.90. The company's 50-day simple moving average is $6.76 and its 200 day simple moving average is $6.97. The firm has a market capitalization of $2.78 billion, a P/E ratio of -16.23 and a beta of 2.11.

Peloton Interactive (NASDAQ:PTON - Get Free Report) last announced its earnings results on Thursday, May 8th. The company reported ($0.12) EPS for the quarter, missing analysts' consensus estimates of ($0.06) by ($0.06). The business had revenue of $624.00 million for the quarter, compared to analyst estimates of $620.39 million. During the same period in the prior year, the company posted ($0.45) earnings per share. The company's revenue was down 13.1% compared to the same quarter last year. On average, equities research 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 Peloton Interactive news, insider Dion C. Sanders sold 122,036 shares of the company's stock in a transaction dated Friday, May 16th. The stock was sold at an average price of $6.25, for a total value of $762,725.00. Following the transaction, the insider directly owned 114,318 shares of the company's stock, valued at $714,487.50. This represents a 51.63% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, COO Charles Peter Kirol sold 20,633 shares of the stock in a transaction dated Wednesday, July 16th. The shares were sold at an average price of $6.39, for a total value of $131,844.87. Following the transaction, the chief operating officer directly owned 35,877 shares in the company, valued at approximately $229,254.03. This represents a 36.51% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 576,585 shares of company stock valued at $3,688,758 over the last 90 days. 1.34% of the stock is owned by insiders.

Hedge Funds Weigh In On Peloton Interactive

Several hedge funds and other institutional investors have recently modified their holdings of PTON. Townsquare Capital LLC lifted its stake in shares of Peloton Interactive by 6.5% during the fourth quarter. Townsquare Capital LLC now owns 19,280 shares of the company's stock valued at $168,000 after acquiring an additional 1,172 shares during the period. Comerica Bank boosted its position in Peloton Interactive by 29.1% during the fourth quarter. Comerica Bank now owns 6,164 shares of the company's stock valued at $54,000 after purchasing an additional 1,389 shares during the last quarter. Cetera Investment Advisers lifted its position in shares of Peloton Interactive by 9.1% in the fourth quarter. Cetera Investment Advisers now owns 17,144 shares of the company's stock valued at $149,000 after buying an additional 1,432 shares during the last quarter. Federated Hermes Inc. increased its stake in shares of Peloton Interactive by 0.3% during the first quarter. Federated Hermes Inc. now owns 533,820 shares of the company's stock worth $3,374,000 after purchasing an additional 1,643 shares during the period. Finally, Victory Capital Management Inc. increased its stake in shares of Peloton Interactive by 4.4% during the first quarter. Victory Capital Management Inc. now owns 43,944 shares of the company's stock worth $278,000 after purchasing an additional 1,860 shares during the period. Institutional investors own 77.01% of the company's stock.

About Peloton Interactive

(Get Free Report)

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.

Further Reading

Analyst Recommendations for Peloton Interactive (NASDAQ:PTON)

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.

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