Telsey Advisory Group Issues Pessimistic Forecast for Peloton Interactive (NASDAQ:PTON) Stock Price

Peloton Interactive (NASDAQ:PTON) had its target price reduced by investment analysts at Telsey Advisory Group from $11.00 to $9.00 in a report issued on Monday, Marketbeat reports. The brokerage currently has a “market perform” rating on the stock. Telsey Advisory Group’s price objective would suggest a potential upside of 28.76% from the stock’s previous close.

PTON has been the topic of a number of other reports. Deutsche Bank Aktiengesellschaft upgraded shares of Peloton Interactive from a “hold” rating to a “buy” rating and set a $6.60 target price on the stock in a research note on Monday, April 14th. Morgan Stanley dropped their price objective on Peloton Interactive from $5.75 to $4.00 and set an “equal weight” rating on the stock in a research note on Thursday, April 17th. Canaccord Genuity Group upgraded Peloton Interactive from a “hold” rating to a “buy” rating and set a $10.00 target price for the company in a research note on Friday, March 14th. The Goldman Sachs Group upped their price target on Peloton Interactive from $8.00 to $10.00 and gave the stock a “neutral” rating in a report on Monday, February 10th. Finally, JMP Securities restated a “market perform” rating on shares of Peloton Interactive in a research note on Monday, April 14th. Fourteen analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $8.48.

Peloton Interactive Price Performance

NASDAQ:PTON opened at $6.99 on Monday. The stock has a market cap of $2.73 billion, a PE ratio of -9.08 and a beta of 2.25. Peloton Interactive has a fifty-two week low of $2.83 and a fifty-two week high of $10.90. The stock’s 50-day moving average is $6.24 and its two-hundred day moving average is $7.79.

Peloton Interactive (NASDAQ:PTON) last posted its quarterly earnings results on Thursday, February 6th. The company reported ($0.24) EPS for the quarter, missing the consensus estimate of ($0.20) by ($0.04). On average, equities research analysts anticipate that Peloton Interactive will post -0.36 earnings per share for the current year.

Insider Buying and Selling at Peloton Interactive

In other news, insider Jennifer Cunningham Cotter sold 187,238 shares of the business’s stock in a transaction on Thursday, March 6th. The stock was sold at an average price of $6.45, for a total transaction of $1,207,685.10. Following the completion of the sale, the insider now owns 100,269 shares in the company, valued at $646,735.05. The trade was a 65.12 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CAO Saqib Baig sold 22,662 shares of the firm’s stock in a transaction dated Wednesday, February 19th. The shares were sold at an average price of $9.75, for a total value of $220,954.50. Following the completion of the transaction, the chief accounting officer now owns 130,031 shares in the company, valued at approximately $1,267,802.25. This represents a 14.84 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 674,338 shares of company stock worth $5,522,838. 1.34% of the stock is currently owned by corporate insiders.

Institutional Trading of Peloton Interactive

Institutional investors have recently bought and sold shares of the business. Vanguard Group Inc. grew its stake in shares of Peloton Interactive by 4.9% during the fourth quarter. Vanguard Group Inc. now owns 35,059,790 shares of the company’s stock worth $305,020,000 after purchasing an additional 1,645,640 shares during the period. T. Rowe Price Investment Management Inc. boosted its holdings in Peloton Interactive by 38.0% during the fourth quarter. T. Rowe Price Investment Management Inc. now owns 16,820,256 shares of the company’s stock worth $146,337,000 after buying an additional 4,635,667 shares during the last quarter. DME Capital Management LP grew its position in shares of Peloton Interactive by 10.4% during the 4th quarter. DME Capital Management LP now owns 10,522,687 shares of the company’s stock worth $91,547,000 after buying an additional 992,797 shares during the period. Hennessy Advisors Inc. bought a new stake in shares of Peloton Interactive in the 4th quarter valued at about $85,260,000. Finally, Geode Capital Management LLC raised its position in shares of Peloton Interactive by 2.1% in the 4th quarter. Geode Capital Management LLC now owns 8,270,328 shares of the company’s stock valued at $71,969,000 after acquiring an additional 170,901 shares during the period. Institutional investors and hedge funds 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.