Peloton Interactive, Inc. (NASDAQ:PTON – Get Rating) shares rose 5.5% on Friday . The stock traded as high as $12.49 and last traded at $12.45. Approximately 3,917,151 shares changed hands during trading, a decline of 62% from the average daily volume of 10,402,647 shares. The stock had previously closed at $11.80.
Analyst Ratings Changes
PTON has been the topic of several recent research reports. Cowen lowered shares of Peloton Interactive from an "outperform" rating to a "market perform" rating and cut their price objective for the company from $14.00 to $12.00 in a research report on Monday, November 21st. Bank of America dropped their price target 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. Morgan Stanley dropped their price target on shares of Peloton Interactive from $10.00 to $8.00 and set an "equal weight" rating on the stock in a research report on Tuesday, October 25th. BMO Capital Markets dropped 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, The Goldman Sachs Group dropped their price target 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. Two investment analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and twelve have assigned a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of "Hold" and a consensus target price of $17.56.
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The company has a debt-to-equity ratio of 6.48, a current ratio of 2.47 and a quick ratio of 1.40. The stock's 50 day simple moving average is $10.50 and its two-hundred day simple moving average is $9.96. The stock has a market cap of $4.30 billion, a price-to-earnings ratio of -1.48 and a beta of 1.77.
Peloton Interactive (NASDAQ:PTON – Get Rating) last posted its quarterly earnings results on Thursday, November 3rd. The company reported ($0.70) earnings per share for the quarter, missing analysts' consensus estimates of ($0.65) by ($0.05). Peloton Interactive had a negative return on equity of 116.53% and a negative net margin of 83.97%. The business had revenue of $616.50 million for the quarter, compared to analyst estimates of $638.73 million. On average, analysts forecast that Peloton Interactive, Inc. will post -2.69 earnings per share for the current fiscal year.Institutional Inflows and Outflows
A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Price T Rowe Associates Inc. MD lifted its holdings in shares of Peloton Interactive by 9.3% during the second quarter. Price T Rowe Associates Inc. MD now owns 44,787,453 shares of the company's stock valued at $411,149,000 after acquiring an additional 3,818,380 shares during the period. Vanguard Group Inc. lifted its holdings in shares of Peloton Interactive by 3.4% during the first quarter. Vanguard Group Inc. now owns 25,768,977 shares of the company's stock valued at $680,816,000 after acquiring an additional 851,812 shares during the period. Dragoneer Investment Group LLC lifted its holdings in shares of Peloton Interactive by 5.5% during the third quarter. Dragoneer Investment Group LLC now owns 10,745,815 shares of the company's stock valued at $74,468,000 after acquiring an additional 557,300 shares during the period. Capital World Investors lifted its holdings in shares of Peloton Interactive by 16.2% during the first quarter. Capital World Investors now owns 10,124,402 shares of the company's stock valued at $267,487,000 after acquiring an additional 1,411,171 shares during the period. Finally, Darsana Capital Partners LP bought a new position in shares of Peloton Interactive during the second quarter valued at $68,850,000. 74.43% of the stock is owned by institutional investors.
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.
Further Reading
- Get a free copy of the StockNews.com research report on Peloton Interactive (PTON)
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