Peloton Interactive, Inc. (NASDAQ:PTON – Get Rating) – Analysts at Oppenheimer upped their Q3 2023 earnings estimates for Peloton Interactive in a report released on Thursday, February 2nd. Oppenheimer analyst B. Nagel now anticipates that the company will post earnings of ($0.61) per share for the quarter, up from their previous forecast of ($0.73). The consensus estimate for Peloton Interactive's current full-year earnings is ($2.86) per share. Oppenheimer also issued estimates for Peloton Interactive's FY2023 earnings at ($3.33) EPS and FY2025 earnings at ($2.23) EPS.

Peloton Interactive (NASDAQ:PTON – Get Rating) last issued its quarterly earnings data on Wednesday, February 1st. The company reported ($0.98) earnings per share for the quarter, missing analysts' consensus estimates of ($0.67) by ($0.31). Peloton Interactive had a negative net margin of 89.95% and a negative return on equity of 204.17%. The company had revenue of $792.70 million for the quarter, compared to the consensus estimate of $712.30 million. During the same quarter last year, the company earned ($1.39) EPS. The firm's revenue for the quarter was down 30.1% on a year-over-year basis.

Peloton Interactive Stock Performance

PTON opened at $16.28 on Monday. Peloton Interactive has a fifty-two week low of $6.66 and a fifty-two week high of $40.35. The company has a debt-to-equity ratio of 54.95, a quick ratio of 1.40 and a current ratio of 2.28. The company has a fifty day moving average of $11.02 and a 200 day moving average of $10.17. The stock has a market capitalization of $5.54 billion, a price-to-earnings ratio of -2.00 and a beta of 1.97.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the business. Wahed Invest LLC acquired a new position in Peloton Interactive in the 2nd quarter worth about $29,000. Exchange Traded Concepts LLC increased its position in Peloton Interactive by 943.8% in the 3rd quarter. Exchange Traded Concepts LLC now owns 4,509 shares of the company's stock worth $31,000 after purchasing an additional 4,077 shares during the last quarter. Covestor Ltd increased its position in Peloton Interactive by 1,054.2% in the 1st quarter. Covestor Ltd now owns 1,385 shares of the company's stock worth $37,000 after purchasing an additional 1,265 shares during the last quarter. Eisler Capital UK Ltd. acquired a new position in Peloton Interactive in the 3rd quarter worth about $44,000. Finally, Parallel Advisors LLC increased its position in Peloton Interactive by 96.5% in the 2nd quarter. Parallel Advisors LLC now owns 4,935 shares of the company's stock worth $45,000 after purchasing an additional 2,424 shares during the last quarter. 74.43% of the stock is owned by institutional investors and hedge funds.

Peloton Interactive Company Profile

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Peloton Interactive, Inc operates interactive fitness platform in North America and internationally. The company 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. It 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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