Loop Capital Begins Coverage on Peloton Interactive (NASDAQ:PTON)

Loop Capital assumed coverage on shares of Peloton Interactive (NASDAQ:PTON) in a research note published on Monday, Analyst Price Targets reports. The brokerage issued a buy rating and a $140.00 price objective on the stock.

A number of other equities analysts have also commented on the company. Evercore ISI reaffirmed an in-line rating and issued a $125.00 price target (down from $160.00) on shares of Peloton Interactive in a report on Tuesday, April 13th. Canaccord Genuity dropped their price objective on Peloton Interactive from $180.00 to $150.00 and set a buy rating for the company in a research note on Friday, May 7th. Credit Suisse Group lowered their price target on Peloton Interactive from $164.00 to $152.00 and set an outperform rating on the stock in a research report on Friday, May 7th. Wedbush lowered their price target on Peloton Interactive from $120.00 to $114.00 and set an outperform rating on the stock in a research report on Friday, May 7th. They noted that the move was a valuation call. Finally, Bank of America restated a neutral rating and set a $100.00 price target (down previously from $150.00) on shares of Peloton Interactive in a research report on Tuesday, May 11th. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and twenty-three have given a buy rating to the company’s stock. The company has an average rating of Buy and an average target price of $141.53.

Shares of NASDAQ PTON opened at $106.08 on Monday. The firm’s fifty day moving average price is $103.99. Peloton Interactive has a 1-year low of $45.51 and a 1-year high of $171.09. The company has a market capitalization of $31.64 billion, a price-to-earnings ratio of 171.10 and a beta of 0.68. The company has a current ratio of 2.74, a quick ratio of 2.26 and a debt-to-equity ratio of 0.41.

Peloton Interactive (NASDAQ:PTON) last posted its quarterly earnings results on Thursday, May 6th. The company reported ($0.03) EPS for the quarter, topping the Zacks’ consensus estimate of ($0.11) by $0.08. Peloton Interactive had a return on equity of 11.53% and a net margin of 5.78%. The firm had revenue of $1.26 billion during the quarter, compared to analyst estimates of $1.12 billion. During the same period last year, the company earned ($0.20) earnings per share. The business’s revenue for the quarter was up 140.6% on a year-over-year basis. On average, equities research analysts anticipate that Peloton Interactive will post -0.08 earnings per share for the current fiscal year.

In other news, CFO Jill Woodworth sold 50,000 shares of the business’s stock in a transaction that occurred on Monday, May 17th. The stock was sold at an average price of $92.10, for a total value of $4,605,000.00. Following the sale, the chief financial officer now directly owns 50,000 shares of the company’s stock, valued at approximately $4,605,000. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CEO John Paul Foley sold 100,000 shares of the business’s stock in a transaction that occurred on Monday, March 15th. The stock was sold at an average price of $110.67, for a total value of $11,067,000.00. Following the completion of the sale, the chief executive officer now directly owns 495,111 shares in the company, valued at $54,793,934.37. The disclosure for this sale can be found here. Over the last ninety days, insiders have acquired 148,239 shares of company stock worth $14,641,211 and have sold 754,804 shares worth $81,606,619. Insiders own 16.50% of the company’s stock.

Several institutional investors and hedge funds have recently modified their holdings of PTON. Eudaimonia Partners LLC purchased a new position in Peloton Interactive in the 4th quarter worth approximately $29,000. Signet Investment Advisory Group Inc. purchased a new position in Peloton Interactive in the 4th quarter worth approximately $30,000. First Quadrant L P CA purchased a new position in Peloton Interactive in the 1st quarter worth approximately $25,000. Childress Capital Advisors LLC purchased a new position in Peloton Interactive in the 4th quarter worth approximately $36,000. Finally, Regency Capital Management Inc. DE purchased a new position in Peloton Interactive in the 1st quarter worth approximately $28,000. 68.75% of the stock is currently owned by hedge funds and other institutional investors.

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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Analyst Recommendations for Peloton Interactive (NASDAQ:PTON)

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