Robert W. Baird downgraded shares of Peloton Interactive (NASDAQ:PTON – Get Rating) from an outperform rating to a neutral rating in a research note published on Tuesday morning, MarketBeat Ratings reports. They currently have $12.00 price target on the stock, down from their previous price target of $14.00.
Several other analysts have also weighed in on the stock. Bank of America decreased their target price on shares of Peloton Interactive from $19.00 to $16.00 and set a buy rating on the stock in a research report on Wednesday, November 2nd. The Goldman Sachs Group decreased their target price on shares of Peloton Interactive from $18.00 to $12.00 and set a neutral rating on the stock in a research report on Friday, November 4th. Barclays reduced their price target on shares of Peloton Interactive from $18.00 to $14.00 in a research report on Sunday, November 6th. BMO Capital Markets reduced their price target on shares of Peloton Interactive from $8.50 to $8.00 and set an underperform rating on the stock in a research report on Friday, November 4th. Finally, Credit Suisse Group reduced their price target on shares of Peloton Interactive from $12.00 to $10.00 and set a neutral rating on the stock in a research report on Friday, November 4th. Two analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and twelve have given a buy rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of Hold and a consensus target price of $17.56.
Get Peloton Interactive alerts:Peloton Interactive Stock Performance
NASDAQ:PTON opened at $11.06 on Tuesday. The firm's 50-day moving average is $10.43 and its 200-day moving average is $9.91. Peloton Interactive has a 52-week low of $6.66 and a 52-week high of $40.35. The company has a debt-to-equity ratio of 6.48, a quick ratio of 1.40 and a current ratio of 2.47. The company has a market cap of $3.76 billion, a price-to-earnings ratio of -1.30 and a beta of 1.77.
Peloton Interactive (NASDAQ:PTON – Get Rating) last issued its earnings results on Thursday, November 3rd. The company reported ($0.70) earnings per share for the quarter, missing the consensus estimate of ($0.65) by ($0.05). Peloton Interactive had a negative net margin of 83.97% and a negative return on equity of 116.53%. The business had revenue of $616.50 million for the quarter, compared to analyst estimates of $638.73 million. Equities research analysts anticipate that Peloton Interactive will post -2.69 earnings per share for the current year.Institutional Inflows and Outflows
Institutional investors and hedge funds have recently made changes to their positions in the stock. Advisory Services Network LLC acquired a new position in shares of Peloton Interactive in the second quarter valued at approximately $156,000. Citizens Financial Group Inc RI acquired a new position in shares of Peloton Interactive in the second quarter valued at approximately $96,000. Avantax Advisory Services Inc. boosted its holdings in shares of Peloton Interactive by 15.7% in the second quarter. Avantax Advisory Services Inc. now owns 15,221 shares of the company's stock valued at $140,000 after buying an additional 2,065 shares during the period. Rathbones Group Plc boosted its holdings in shares of Peloton Interactive by 41.6% in the third quarter. Rathbones Group Plc now owns 16,800 shares of the company's stock valued at $116,000 after buying an additional 4,936 shares during the period. Finally, Activest Wealth Management boosted its holdings in shares of Peloton Interactive by 1,967.0% in the third quarter. Activest Wealth Management now owns 15,854 shares of the company's stock valued at $110,000 after buying an additional 15,087 shares during the period. Institutional investors and hedge funds own 74.43% of the company's stock.
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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