Telsey Advisory Group Increases Peloton Interactive (NASDAQ:PTON) Price Target to $9.00

Key Points

• Telsey Advisory Group raised its price target for Peloton Interactive (NASDAQ:PTON) from $8.00 to $9.00, indicating a potential upside of 3.81% from the current stock price.
• Several other analysts also updated their ratings and price targets for Peloton, with Macquarie increasing theirs to $11.00 and UBS upgrading to a "buy" rating.
• Peleton reported a quarterly EPS of $0.05, surpassing estimates, but its revenue of $606.90 million reflects a 5.8% year-over-year decline.

Peloton Interactive (NASDAQ:PTON - Get Free Report) had its price objective hoisted by analysts at Telsey Advisory Group from $8.00 to $9.00 in a research report issued on Thursday, Marketbeat reports. The brokerage currently has a "market perform" rating on the stock. Telsey Advisory Group's price objective points to a potential upside of 3.81% from the stock's current price.

Other equities research analysts have also recently issued research reports about the company. Macquarie raised their target price on Peloton Interactive from $10.00 to $11.00 and gave the stock an "outperform" rating in a research note on Thursday, August 14th. Needham & Company LLC reissued a "hold" rating on shares of Peloton Interactive in a research note on Thursday, August 7th. UBS Group raised Peloton Interactive from a "neutral" rating to a "buy" rating and raised their target price for the stock from $7.50 to $11.00 in a research note on Wednesday, July 30th. The Goldman Sachs Group raised Peloton Interactive from a "neutral" rating to a "buy" rating and raised their target price for the stock from $7.00 to $11.50 in a research note on Friday, August 8th. Finally, Truist Financial set a $11.00 target price on Peloton Interactive in a research note on Thursday, August 7th. Eight research analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company's stock. Based on data from MarketBeat.com, Peloton Interactive currently has an average rating of "Hold" and an average price target of $9.36.

Peloton Interactive Stock Performance

NASDAQ:PTON opened at $8.67 on Thursday. Peloton Interactive has a one year low of $4.25 and a one year high of $10.90. The stock has a market cap of $3.54 billion, a PE ratio of -27.97, a P/E/G ratio of 3.46 and a beta of 2.27. The stock has a 50 day moving average price of $7.77 and a 200 day moving average price of $6.94.

Peloton Interactive (NASDAQ:PTON - Get Free Report) last posted its quarterly earnings results on Thursday, August 7th. The company reported $0.05 EPS for the quarter, beating the consensus estimate of ($0.07) by $0.12. The company had revenue of $606.90 million during the quarter, compared to analyst estimates of $580.29 million. During the same period in the prior year, the business posted ($0.08) EPS. Peloton Interactive's revenue for the quarter was down 5.8% compared to the same quarter last year. Peloton Interactive has set its FY 2025 guidance at EPS. As a group, analysts predict that Peloton Interactive will post -0.36 earnings per share for the current fiscal year.

Insider Activity at Peloton Interactive

In other Peloton Interactive news, insider Jennifer Cunningham Cotter sold 110,235 shares of Peloton Interactive stock in a transaction dated Thursday, September 18th. The stock was sold at an average price of $8.05, for a total transaction of $887,391.75. Following the completion of the sale, the insider directly owned 100,269 shares of the company's stock, valued at $807,165.45. The trade was a 52.37% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CFO Elizabeth F. Coddington sold 238,664 shares of Peloton Interactive stock in a transaction dated Tuesday, September 16th. The stock was sold at an average price of $7.85, for a total value of $1,873,512.40. Following the sale, the chief financial officer directly owned 346,535 shares of the company's stock, valued at $2,720,299.75. This trade represents a 40.78% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 1,842,992 shares of company stock worth $14,694,447 over the last three months. Company insiders own 1.34% of the company's stock.

Institutional Trading of Peloton Interactive

Institutional investors and hedge funds have recently made changes to their positions in the company. Vident Advisory LLC increased its holdings in Peloton Interactive by 1.1% in the 2nd quarter. Vident Advisory LLC now owns 110,258 shares of the company's stock valued at $765,000 after purchasing an additional 1,180 shares in the last quarter. Federated Hermes Inc. increased its holdings in Peloton Interactive by 0.3% in the 1st quarter. Federated Hermes Inc. now owns 533,820 shares of the company's stock valued at $3,374,000 after purchasing an additional 1,643 shares in the last quarter. Victory Capital Management Inc. increased its holdings in Peloton Interactive by 4.4% in the 1st quarter. Victory Capital Management Inc. now owns 43,944 shares of the company's stock valued at $278,000 after purchasing an additional 1,860 shares in the last quarter. Nisa Investment Advisors LLC grew its stake in shares of Peloton Interactive by 40.2% during the first quarter. Nisa Investment Advisors LLC now owns 6,503 shares of the company's stock valued at $41,000 after acquiring an additional 1,864 shares in the last quarter. Finally, Wealthfront Advisers LLC grew its stake in shares of Peloton Interactive by 11.3% during the first quarter. Wealthfront Advisers LLC now owns 18,463 shares of the company's stock valued at $117,000 after acquiring an additional 1,877 shares in the last quarter. 77.01% of the stock is owned by hedge funds and other institutional investors.

About Peloton Interactive

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.

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