Peloton Interactive (NASDAQ:PTON) Price Target Cut to $12.00


Peloton Interactive, Inc. (NASDAQ:PTON – Get Rating) – Equities research analysts at Telsey Advisory Group reduced their Q4 2022 earnings estimates for shares of Peloton Interactive in a research report issued on Wednesday, May 11th. Telsey Advisory Group analyst D. Telsey now anticipates that the company will post earnings of ($0.67) per share for the quarter, down from their previous forecast of ($0.19). Telsey Advisory Group currently has a “Market Perform” rating and a $28.00 target price on the stock. Telsey Advisory Group also issued estimates for Peloton Interactive’s Q1 2023 earnings at ($0.61) EPS, Q2 2023 earnings at ($0.69) EPS, Q3 2023 earnings at ($0.41) EPS, Q4 2023 earnings at ($0.56) EPS and FY2023 earnings at ($2.27) EPS.

PTON has been the subject of several other reports. JMP Securities upgraded Peloton Interactive from a “market perform” rating to an “outperform” rating and set a $25.00 price objective for the company in a report on Wednesday. Oppenheimer cut their target price on Peloton Interactive from $45.00 to $18.00 in a research note on Wednesday. Loop Capital cut their target price on Peloton Interactive from $55.00 to $27.00 in a research note on Wednesday. Cowen boosted their price target on Peloton Interactive from $40.00 to $50.00 and gave the stock an “outperform” rating in a research note on Wednesday, February 9th. Finally, Robert W. Baird dropped their price target on Peloton Interactive from $46.00 to $25.00 in a research note on Wednesday. One investment analyst has rated the stock with a sell rating, fifteen have assigned a hold rating and seventeen have given a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $45.81.

PTON stock opened at $14.12 on Friday. The company has a debt-to-equity ratio of 0.36, a current ratio of 2.33 and a quick ratio of 1.29. The business has a 50-day moving average price of $22.80 and a 200 day moving average price of $35.19. The company has a market capitalization of $4.68 billion, a P/E ratio of -2.29 and a beta of 1.26. Peloton Interactive has a 1-year low of $11.25 and a 1-year high of $129.70.

Peloton Interactive (NASDAQ:PTON – Get Rating) last issued its quarterly earnings results on Tuesday, May 10th. The company reported ($2.27) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.83) by ($1.44). The company had revenue of $964.30 million during the quarter, compared to the consensus estimate of $969.81 million. Peloton Interactive had a negative return on equity of 77.49% and a negative net margin of 49.10%. The firm’s quarterly revenue was down 23.6% compared to the same quarter last year. During the same quarter in the prior year, the business earned ($0.03) earnings per share.

In related news, COO Mariana Garavaglia sold 2,459 shares of the stock in a transaction dated Thursday, February 17th. The stock was sold at an average price of $31.99, for a total transaction of $78,663.41. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director William Lynch sold 6,250 shares of the stock in a transaction dated Thursday, February 17th. The stock was sold at an average price of $32.49, for a total value of $203,062.50. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 10,768 shares of company stock valued at $347,387. Company insiders own 13.18% of the company’s stock.

A number of hedge funds have recently bought and sold shares of PTON. Masso Torrence Wealth Management Inc. acquired a new stake in Peloton Interactive in the 4th quarter valued at about $26,000. Webster Bank N. A. acquired a new stake in Peloton Interactive in the 1st quarter valued at about $26,000. ICICI Prudential Asset Management Co Ltd purchased a new position in Peloton Interactive during the 4th quarter worth approximately $27,000. Credit Agricole S A purchased a new position in Peloton Interactive during the 4th quarter worth approximately $27,000. Finally, McClarren Financial Advisors Inc. grew its stake in Peloton Interactive by 774.6% during the 1st quarter. McClarren Financial Advisors Inc. now owns 1,032 shares of the company’s stock worth $27,000 after buying an additional 914 shares during the last quarter. 82.42% of the stock is currently owned by institutional investors.

Peloton Interactive Company Profile (Get Rating)

Peloton Interactive, Inc provides interactive fitness products in North America and internationally. It offers connected fitness products with touchscreen that streams live and on-demand classes under the Peloton Bike, Peloton Bike+, Peloton Tread, and Peloton Tread+ names. The company also provides connected fitness subscriptions for various household users, and access to various 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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Earnings History and Estimates for Peloton Interactive (NASDAQ:PTON)



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