Peloton Interactive (NASDAQ:PTON) Trading Up 7.3% Following Better-Than-Expected Earnings

Peloton Interactive, Inc. (NASDAQ:PTON) rose 7.3% during mid-day trading on Friday after the company announced better than expected quarterly earnings. The stock traded as high as $7.29 and last traded at $7.1990. Approximately 3,803,805 shares changed hands during trading, a decline of 72% from the average daily volume of 13,744,750 shares. The stock had previously closed at $6.71.

The company reported $0.03 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.01 by $0.02. The firm had revenue of $550.80 million during the quarter, compared to analyst estimates of $540.61 million. The company’s revenue for the quarter was down 6.0% on a year-over-year basis. Peloton Interactive has set its Q2 2026 guidance at EPS. FY 2026 guidance at EPS.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on the company. The Goldman Sachs Group restated a “buy” rating and issued a $11.50 price target on shares of Peloton Interactive in a research report on Thursday, October 2nd. Zacks Research upgraded Peloton Interactive from a “hold” rating to a “strong-buy” rating in a research report on Monday, October 6th. Macquarie lifted their price target on shares of Peloton Interactive from $10.00 to $11.00 and gave the company an “outperform” rating in a research report on Thursday, August 14th. Canaccord Genuity Group restated a “buy” rating and issued a $10.00 price objective on shares of Peloton Interactive in a report on Thursday, October 2nd. Finally, UBS Group raised Peloton Interactive from a “neutral” rating to a “buy” rating and increased their target price for the company from $7.50 to $11.00 in a report on Wednesday, July 30th. One equities research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $9.78.

Insider Buying and Selling

In other Peloton Interactive news, insider Nick V. Caldwell sold 206,901 shares of the business’s stock in a transaction on Tuesday, September 16th. The shares were sold at an average price of $7.78, for a total transaction of $1,609,689.78. Following the sale, the insider directly owned 737,788 shares in the company, valued at approximately $5,739,990.64. The trade was a 21.90% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, COO Charles Peter Kirol sold 8,989 shares of the company’s stock in a transaction dated Wednesday, October 22nd. The stock was sold at an average price of $8.00, for a total transaction of $71,912.00. Following the transaction, the chief operating officer owned 37,723 shares in the company, valued at $301,784. The trade was a 19.24% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 1,834,177 shares of company stock valued at $14,655,695 in the last quarter. Corporate insiders own 1.30% of the company’s stock.

Institutional Investors Weigh In On Peloton Interactive

A number of hedge funds and other institutional investors have recently modified their holdings of PTON. Bessemer Group Inc. lifted its stake in shares of Peloton Interactive by 1,602.6% in the 2nd quarter. Bessemer Group Inc. now owns 5,312 shares of the company’s stock worth $37,000 after acquiring an additional 5,000 shares during the period. MAI Capital Management raised its stake in shares of Peloton Interactive by 64.6% in the 2nd quarter. MAI Capital Management now owns 5,498 shares of the company’s stock worth $38,000 after buying an additional 2,158 shares in the last quarter. Nisa Investment Advisors LLC lifted its holdings in shares of Peloton Interactive by 40.2% in the first quarter. Nisa Investment Advisors LLC now owns 6,503 shares of the company’s stock valued at $41,000 after buying an additional 1,864 shares during the period. Abel Hall LLC acquired a new position in Peloton Interactive during the first quarter worth about $64,000. Finally, AE Wealth Management LLC acquired a new position in Peloton Interactive during the first quarter worth about $65,000. 77.01% of the stock is currently owned by institutional investors.

Peloton Interactive Stock Up 3.7%

The stock has a market capitalization of $2.84 billion, a P/E ratio of -22.59, a PEG ratio of 2.44 and a beta of 2.33. The firm’s 50-day simple moving average is $7.80 and its 200 day simple moving average is $7.22.

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.