Peloton Interactive (NASDAQ:PTON – Get Note) saw its target price lowered by stock analysts at BMO Capital Markets from $24.00 to $12.00 in a research report released on Wednesday, reports The Fly. BMO Capital Markets’ price target would point to a potential decline of 6.98% from the stock’s previous close.
A number of other analysts have also recently weighed in on the stock. Oppenheimer cut his price target on shares of Peloton Interactive from $45.00 to $18.00 in a research note on Wednesday. Morgan Stanley lowered its price target on Peloton Interactive from $32.00 to $19.00 in a research note on Wednesday. Bank of America raised its target price on Peloton Interactive from $40.00 to $42.00 and gave the company a “buy” rating in a Wednesday, February 9 report. Macquarie reduced its price target on Peloton Interactive from $85.00 to $60.00 and set an “outperform” rating for the company in a Wednesday, February 9 research report. Finally, Sanford C. Bernstein began covering Peloton Interactive stocks in a research report on Monday, March 14. They set an “outperform” rating and a target price of $40.00 for the stock. One research analyst has rated the stock with a sell rating, fifteen have issued a hold rating and seventeen have given the company’s stock a buy rating. Based on data from MarketBeat, Peloton Interactive currently has an average rating of “Hold” and a consensus price target of $48.81.
NASDAQ:PTON shares opened at $12.90 on Wednesday. The company has a current ratio of 2.33, a quick ratio of 1.29 and a debt ratio of 0.36. The stock has a market capitalization of $4.28 billion, a PE ratio of -3.47 and a beta of 1.26. Peloton Interactive has a 1-year minimum of $11.25 and a 1-year maximum of $129.70. The company has a fifty-day moving average price of $23.04 and a 200-day moving average price of $35.35.
Peloton Interactive (NASDAQ:PTON – Get Rating) last announced its quarterly results on Tuesday, May 10. The company reported ($2.27) earnings per share for the quarter, missing analyst consensus estimates of ($0.83) by ($1.44). Peloton Interactive had a negative return on equity of 59.67% and a negative net margin of 27.48%. The company posted revenue of $964.30 million in the quarter, compared to analyst estimates of $969.81 million. During the same period of the previous year, the company achieved EPS of ($0.03). Peloton Interactive’s quarterly revenue was down 23.6% year-over-year. On average, sell-side analysts expect Peloton Interactive to post earnings per share of -3.94 for the current fiscal year.
In other news from Peloton Interactive, COO Mariana Garavaglia sold 2,459 shares in a trade dated Thursday, February 17. The stock was sold at an average price of $31.99, for a total value of $78,663.41. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Additionally, director William Lynch sold 6,250 shares of the company in a trade dated Thursday, February 17. The stock was sold at an average price of $32.49, for a total value of $203,062.50. The disclosure of this sale can be found here. In the past 90 days, insiders have sold 10,768 shares of the company worth $347,387. Company insiders own 13.18% of the company’s shares.
Several large investors have recently changed their positions in PTON. Baillie Gifford & Co. increased its stake in Peloton Interactive by 5.0% in the first quarter. Baillie Gifford & Co. now owns 33,191,671 shares of the company valued at $876,924,000 after acquiring an additional 1,582,414 shares during the period. BlackRock Inc. increased its position in Peloton Interactive by 3.2% during the 4th quarter. BlackRock Inc. now owns 15,521,973 shares of the company worth $555,065,000 after acquiring an additional 475,589 shares in the last quarter. Capital World Investors increased its stake in shares of Peloton Interactive by 38.5% during the 4th quarter. Capital World Investors now owns 8,713,231 shares of the company worth $311,585,000 after acquiring 2,423,001 additional shares last quarter. Viking Global Investors LP increased its holdings of Peloton Interactive shares by 1,135.7% in the third quarter. Viking Global Investors LP now owns 6,485,107 shares of the company valued at $564,529,000 after purchasing an additional 5,960,315 shares in the last quarter. Finally, State Street Corp increased its stake in shares of Peloton Interactive by 5.7% in the fourth quarter. State Street Corp now owns 5,933,855 shares of the company valued at $212,195,000 after purchasing an additional 320,850 shares in the last quarter. Institutional investors and hedge funds hold 82.42% of the company’s shares.
About Interactive Peloton (Get a rating)
Peloton Interactive, Inc provides interactive fitness products in North America and internationally. It offers touchscreen connected fitness products that stream live and on-demand classes under the names Peloton Bike, Peloton Bike+, Peloton Tread and Peloton Tread+. The company also offers connected fitness subscriptions for various home users and access to various live and on-demand classes, as well as the Peloton Digital app for connected fitness subscribers to provide access to its classes.
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