Several other research analysts have also commented on the stock. BidaskClub upgraded shares of Peloton from a buy rating to a strong-buy rating in a report on Friday, September 11th. Oppenheimer raised their price target on shares of Peloton from $50.00 to $105.00 and gave the company an outperform rating in a report on Friday, September 11th. JMP Securities raised their price target on shares of Peloton from $59.00 to $109.00 and gave the company an outperform rating in a report on Friday, September 4th. Truist lifted their price objective on shares of Peloton from $60.00 to $115.00 and gave the company a buy rating in a research note on Friday, September 11th. Finally, Telsey Advisory Group lifted their price objective on shares of Peloton from $82.00 to $105.00 and gave the company an outperform rating in a research note on Tuesday, September 8th. One analyst has rated the stock with a sell rating, five have assigned a hold rating, twenty-six have issued a buy rating and one has given a strong buy rating to the company’s stock. The stock has a consensus rating of Buy and an average target price of $95.79.
PTON opened at $82.59 on Monday. The company’s 50 day simple moving average is $73.29 and its 200 day simple moving average is $49.37. The company has a debt-to-equity ratio of 0.33, a quick ratio of 2.96 and a current ratio of 3.32. Peloton has a 1 year low of $17.70 and a 1 year high of $98.61. The stock has a market capitalization of $23.39 billion and a PE ratio of -58.16.
Peloton (NASDAQ:PTON) last posted its quarterly earnings results on Thursday, September 10th. The company reported $0.27 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.10 by $0.17. Peloton had a negative net margin of 3.93% and a negative return on equity of 4.64%. The firm had revenue of $607.10 million for the quarter, compared to analyst estimates of $579.67 million. During the same quarter last year, the firm posted ($2.07) earnings per share. Peloton’s revenue for the quarter was up 171.9% compared to the same quarter last year. As a group, sell-side analysts expect that Peloton will post -0.14 earnings per share for the current fiscal year.
In other Peloton news, insider Mariana Garavaglia sold 5,209 shares of Peloton stock in a transaction on Thursday, September 3rd. The shares were sold at an average price of $83.18, for a total value of $433,284.62. Following the completion of the transaction, the insider now owns 6,310 shares of the company’s stock, valued at $524,865.80. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, President William Lynch sold 313,500 shares of Peloton stock in a transaction on Monday, September 14th. The stock was sold at an average price of $80.88, for a total transaction of $25,355,880.00. Following the completion of the transaction, the president now directly owns 187,500 shares of the company’s stock, valued at approximately $15,165,000. The disclosure for this sale can be found here. In the last ninety days, insiders sold 846,599 shares of company stock valued at $66,255,661.
A number of institutional investors have recently added to or reduced their stakes in the business. Baillie Gifford & Co. lifted its position in shares of Peloton by 27.1% in the 1st quarter. Baillie Gifford & Co. now owns 17,465,459 shares of the company’s stock worth $463,708,000 after acquiring an additional 3,724,613 shares during the period. FMR LLC raised its holdings in Peloton by 402.5% during the 2nd quarter. FMR LLC now owns 16,283,996 shares of the company’s stock worth $940,726,000 after buying an additional 13,043,301 shares during the period. Vanguard Group Inc. raised its holdings in Peloton by 317.6% during the 2nd quarter. Vanguard Group Inc. now owns 14,707,540 shares of the company’s stock worth $849,654,000 after buying an additional 11,185,667 shares during the period. Wellington Management Group LLP grew its stake in shares of Peloton by 85.3% during the 1st quarter. Wellington Management Group LLP now owns 9,355,723 shares of the company’s stock worth $248,395,000 after acquiring an additional 4,306,563 shares in the last quarter. Finally, Capital Research Global Investors grew its stake in shares of Peloton by 478.1% during the 1st quarter. Capital Research Global Investors now owns 8,060,627 shares of the company’s stock worth $214,010,000 after acquiring an additional 6,666,218 shares in the last quarter. 59.54% of the stock is owned by hedge funds and other institutional investors.
Peloton Company Profile
Peloton Interactive, Inc provides interactive fitness products in North America. It offers connected fitness products, such as the Peloton Bike and the Peloton Tread, which include touchscreen that streams live and on-demand classes. The company also provides connected fitness subscriptions for multiple household users, and access to all live and on-demand classes, as well as Peloton Digital app for connected fitness subscribers to provide access to its classes.
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