Peloton Interactive (NASDAQ:PTON) Price Target Reduced to $15.00



Peloton Interactive (NASDAQ:PTON – Get Note) saw its target price reduced by equity researchers at Truist Financial from $45.00 to $15.00 in a research note published on Wednesday, reports The Fly. Truist Financial’s target price would indicate a potential upside of 12.78% from the company’s current price.

Several other research companies have also published reports on the PTON. Telsey Advisory Group cut its price target on Peloton Interactive from $40.00 to $28.00 and set a “market performance” rating on the stock in a Monday, April 18 research report. Needham & Company LLC reduced its price target on Peloton Interactive from $50.00 to $25.00 in a research report on Wednesday. Sanford C. Bernstein kicked off Peloton Interactive’s coverage in a research report on Monday, March 14. They set an “outperform” rating and a price target of $40.00 on the stock. Macquarie cut its price target on Peloton Interactive from $85.00 to $60.00 and set an “outperform” rating on the stock in a Wednesday, Feb. 9 research report. Finally, Zacks Investment Research upgraded Peloton Interactive from a “sell” rating to a “hold” rating in a Friday, February 18 research report. An equity research analyst rated the stock with a sell rating, fifteen gave the company a hold rating and seventeen gave the company a buy rating. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $45.81.

Shares of Peloton Interactive opened Wednesday at $13.30. The company has a current ratio of 2.33, a quick ratio of 1.29 and a debt ratio of 0.36. The company has a market capitalization of $4.41 billion, a PE ratio of -3.57 and a beta of 1.26. The company’s 50-day moving average price is $23.04 and its 200-day moving average price is $35.35. Peloton Interactive has a 12 month minimum of $11.25 and a 12 month maximum of $129.70.

Peloton Interactive (NASDAQ:PTON – Get Rating) last reported quarterly earnings data on Tuesday, May 10. The company reported ($2.27) EPS for the quarter, missing the ($0.83) consensus estimate of ($1.44). The company posted revenue of $964.30 million for the quarter, versus a consensus estimate of $969.81 million. Peloton Interactive had a negative net margin of 27.48% and a negative return on equity of 59.67%. Peloton Interactive’s revenue for the quarter decreased 23.6% compared to the same quarter last year. In the same quarter last year, the company posted ($0.03) earnings per share. As a group, analysts predict Peloton Interactive will post -3.94 earnings per share for the current fiscal year.

Separately, director William Lynch sold 6,250 shares of the company in a trade on Thursday, February 17. The stock was sold at an average price of $32.49, for a total transaction of $203,062.50. The sale was disclosed in a filing with the SEC, accessible via this hyperlink. Additionally, CAO Allen J. Klingsick sold 2,059 shares of the company in a trade on Thursday, February 17. The shares were sold at an average price of $31.89, for a total value of $65,661.51. The disclosure of this sale can be found here. Insiders have sold 10,768 shares of the company worth $347,387 over the past three months. Company insiders own 13.18% of the company’s shares.

Several large investors have recently changed their positions in PTON. Viking Global Investors LP increased its holdings of Peloton Interactive shares by 1,135.7% during 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. Baillie Gifford & Co. increased its position in Peloton Interactive by 12.1% during the fourth quarter. Baillie Gifford & Co. now owns 31,609,257 shares of the company valued at $1,130,347,000 after acquiring 3,420,226 additional shares in the last quarter. Capital World Investors increased its position in Peloton Interactive by 38.5% during the fourth quarter. Capital World Investors now owns 8,713,231 shares of the company valued at $311,585,000 after acquiring an additional 2,423,001 shares in the last quarter. Bank of Montreal Can increased its position in Peloton Interactive by 1,088.3% during the fourth quarter. Bank of Montreal Can now owns 2,517,052 shares of the company valued at $93,687,000 after acquiring an additional 2,305,230 shares in the last quarter. Finally, MFA Wealth Advisors LLC increased its position in Peloton Interactive by 7,835.9% during the third quarter. MFA Wealth Advisors LLC now owns 2,173,884 shares of the company valued at $2,371,000 after acquiring an additional 2,146,491 shares in the last quarter. 82.42% of the shares are currently held by hedge funds and other institutional investors.

About Interactive Peloton (Get an evaluation)

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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Analyst Recommendations for Peloton Interactive (NASDAQ: PTON)



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