According to Zacks, “Peloton Interactive creates fitness products. The brand’s content is accessible through the Peloton Bike, the Peloton Tread, and Peloton Digital, which provides a full slate of fitness offerings, anytime, anywhere, through IOS and Android as well as most tablets and computers. “
A number of other research firms also recently weighed in on PTON. Needham & Company LLC lifted their price objective on Peloton Interactive from $125.00 to $140.00 and gave the company a “buy” rating in a report on Wednesday, December 2nd. Bank of America lifted their price objective on Peloton Interactive from $150.00 to $175.00 and gave the company a “buy” rating in a report on Wednesday. Gordon Haskett began coverage on Peloton Interactive in a report on Friday, January 8th. They set a “buy” rating and a $190.00 price objective on the stock. Rosenblatt Securities decreased their price objective on Peloton Interactive from $155.00 to $145.00 and set a “buy” rating on the stock in a report on Wednesday, November 11th. Finally, Exane BNP Paribas assumed coverage on Peloton Interactive in a report on Friday, November 13th. They issued an “outperform” rating and a $142.00 target price on the stock. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and twenty-five have issued a buy rating to the stock. Peloton Interactive presently has a consensus rating of “Buy” and a consensus price target of $133.69.
Peloton Interactive (NASDAQ:PTON) last posted its quarterly earnings data on Thursday, November 5th. The company reported $0.20 EPS for the quarter, topping analysts’ consensus estimates of $0.12 by $0.08. Peloton Interactive had a negative return on equity of 4.54% and a negative net margin of 3.93%. The business had revenue of $757.90 million for the quarter, compared to analyst estimates of $733.74 million. During the same period in the previous year, the company posted ($1.29) earnings per share. The firm’s revenue for the quarter was up 232.4% on a year-over-year basis. On average, analysts forecast that Peloton Interactive will post 0.25 earnings per share for the current fiscal year.
In other Peloton Interactive news, insider Mariana Garavaglia sold 4,688 shares of the company’s stock in a transaction on Wednesday, October 28th. The shares were sold at an average price of $122.08, for a total transaction of $572,311.04. Following the completion of the sale, the insider now owns 5,789 shares in the company, valued at approximately $706,721.12. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Howard C. Draft sold 20,000 shares of the company’s stock in a transaction on Monday, October 19th. The shares were sold at an average price of $131.65, for a total transaction of $2,633,000.00. Following the sale, the director now owns 122,084 shares of the company’s stock, valued at approximately $16,072,358.60. The disclosure for this sale can be found here. Insiders have sold a total of 597,197 shares of company stock valued at $70,605,456 in the last quarter.
Institutional investors have recently modified their holdings of the business. Adams Wealth Management acquired a new position in shares of Peloton Interactive in the 3rd quarter valued at $30,000. Kathmere Capital Management LLC acquired a new position in shares of Peloton Interactive in the 3rd quarter valued at $31,000. Hartford Financial Management Inc. acquired a new position in shares of Peloton Interactive in the 3rd quarter valued at $35,000. Manchester Capital Management LLC acquired a new position in shares of Peloton Interactive in the 3rd quarter valued at $38,000. Finally, Summit X LLC acquired a new position in shares of Peloton Interactive in the 3rd quarter valued at $50,000. Institutional investors own 59.54% of the company’s stock.
About Peloton Interactive
Peloton Interactive, Inc provides interactive fitness products in North America and internationally. 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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