Peloton Interactive’s (PTON) “Market Perform” Rating Reiterated at Telsey Advisory Group

Telsey Advisory Group reissued their market perform rating on shares of Peloton Interactive (NASDAQ:PTON) in a report issued on Monday morning, Marketbeat reports. They currently have a $11.00 target price on the stock.

Several other equities research analysts also recently weighed in on the stock. Sanford C. Bernstein lifted their price target on shares of Peloton Interactive from $4.25 to $6.50 and gave the company a “market perform” rating in a research note on Friday, November 1st. BMO Capital Markets upped their price target on Peloton Interactive from $6.50 to $8.50 and gave the stock a “market perform” rating in a research note on Monday, November 4th. JPMorgan Chase & Co. raised their price objective on Peloton Interactive from $5.00 to $7.00 and gave the company a “neutral” rating in a research note on Friday, November 1st. Truist Financial upped their target price on Peloton Interactive from $6.00 to $10.00 and gave the stock a “hold” rating in a research report on Friday, November 1st. Finally, Morgan Stanley lifted their price target on shares of Peloton Interactive from $3.50 to $5.00 and gave the company an “equal weight” rating in a research report on Friday, November 1st. Sixteen investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $7.10.

Peloton Interactive Stock Up 3.7 %

Shares of PTON stock opened at $7.58 on Monday. Peloton Interactive has a 52 week low of $2.70 and a 52 week high of $10.90. The firm has a 50 day moving average of $9.03 and a 200-day moving average of $6.58. The company has a market cap of $2.89 billion, a price-to-earnings ratio of -7.08 and a beta of 1.95.

Insiders Place Their Bets

In related news, CEO Karen Boone sold 16,925 shares of the stock in a transaction dated Thursday, December 5th. The shares were sold at an average price of $9.64, for a total transaction of $163,157.00. Following the completion of the transaction, the chief executive officer now owns 228,217 shares in the company, valued at approximately $2,200,011.88. This represents a 6.90 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Andrew S. Rendich sold 138,391 shares of Peloton Interactive stock in a transaction dated Monday, November 18th. The stock was sold at an average price of $7.51, for a total transaction of $1,039,316.41. Following the completion of the sale, the insider now directly owns 287,973 shares in the company, valued at approximately $2,162,677.23. This represents a 32.46 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 395,813 shares of company stock valued at $3,041,724 in the last 90 days. 1.34% of the stock is currently owned by corporate insiders.

Institutional Trading of Peloton Interactive

A number of large investors have recently bought and sold shares of PTON. Gtcr LLC purchased a new stake in Peloton Interactive in the 3rd quarter worth about $65,520,000. Hennessy Advisors Inc. purchased a new position in shares of Peloton Interactive in the fourth quarter worth about $85,260,000. Assenagon Asset Management S.A. bought a new stake in shares of Peloton Interactive in the fourth quarter valued at approximately $39,992,000. Healthcare of Ontario Pension Plan Trust Fund purchased a new stake in shares of Peloton Interactive during the 3rd quarter valued at approximately $8,363,000. Finally, Connor Clark & Lunn Investment Management Ltd. bought a new position in Peloton Interactive in the 3rd quarter worth approximately $5,724,000. 77.01% of the stock is owned by hedge funds and other institutional investors.

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.