Peloton Interactive (NASDAQ:PTON) Issues Quarterly Earnings Results

Peloton Interactive (NASDAQ:PTON) issued its quarterly earnings results on Thursday. The company reported ($0.45) EPS for the quarter, missing the consensus estimate of ($0.39) by ($0.06), Briefing.com reports. The business had revenue of $717.70 million during the quarter, compared to the consensus estimate of $720.85 million. The firm’s revenue for the quarter was down 4.2% on a year-over-year basis. During the same quarter in the prior year, the company posted ($0.79) earnings per share.

Peloton Interactive Stock Up 9.4 %

NASDAQ:PTON traded up $0.29 during trading hours on Friday, reaching $3.43. The company had a trading volume of 34,761,060 shares, compared to its average volume of 14,940,079. The stock has a 50-day moving average of $3.94 and a two-hundred day moving average of $4.88. Peloton Interactive has a one year low of $2.70 and a one year high of $9.87. The firm has a market capitalization of $1.26 billion, a PE ratio of -1.40 and a beta of 2.01.

Insider Buying and Selling at Peloton Interactive

In other Peloton Interactive news, CFO Elizabeth F. Coddington sold 8,977 shares of the company’s stock in a transaction on Thursday, March 14th. The stock was sold at an average price of $4.34, for a total value of $38,960.18. Following the sale, the chief financial officer now directly owns 104,428 shares in the company, valued at $453,217.52. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 3.28% of the company’s stock.

Analysts Set New Price Targets

PTON has been the topic of several recent analyst reports. Needham & Company LLC reaffirmed a “hold” rating on shares of Peloton Interactive in a research report on Friday. Morgan Stanley initiated coverage on Peloton Interactive in a research report on Monday, March 11th. They issued an “equal weight” rating and a $3.00 price target on the stock. BMO Capital Markets dropped their price target on Peloton Interactive from $7.50 to $6.50 and set a “market perform” rating on the stock in a research report on Friday. The Goldman Sachs Group dropped their price target on Peloton Interactive from $5.75 to $3.50 and set a “neutral” rating on the stock in a research report on Friday. Finally, Macquarie dropped their price target on Peloton Interactive from $4.50 to $2.53 and set a “neutral” rating on the stock in a research report on Friday. Three analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $6.15.

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.