Peloton Interactive (NASDAQ:PTON – Get Rating) had its price target lifted by analysts at BMO Capital Markets from $8.00 to $9.50 in a research report issued on Thursday, MarketBeat reports. The firm currently has an "underperform" rating on the stock. BMO Capital Markets' price objective suggests a potential downside of 41.65% from the stock's current price.
Other equities analysts have also recently issued research reports about the stock. Cowen cut shares of Peloton Interactive from an "outperform" rating to a "market perform" rating and lowered their target price for the company from $14.00 to $12.00 in a research note on Monday, November 21st. JMP Securities cut shares of Peloton Interactive from an "outperform" rating to a "market perform" rating in a research note on Wednesday. Sanford C. Bernstein upped their target price on shares of Peloton Interactive from $13.00 to $20.00 and gave the company an "outperform" rating in a research note on Thursday. Cowen cut shares of Peloton Interactive from an "outperform" rating to a "market perform" rating and lowered their target price for the company from $14.00 to $12.00 in a research note on Monday, November 21st. Finally, BNP Paribas cut shares of Peloton Interactive from a "neutral" rating to an "underperform" rating and set a $8.00 target price on the stock. in a research note on Thursday. Three analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and twelve have assigned a buy rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus price target of $18.32.
Get Peloton Interactive alerts:Peloton Interactive Stock Performance
Shares of Peloton Interactive stock opened at $16.28 on Thursday. The stock has a market cap of $5.54 billion, a price-to-earnings ratio of -2.00 and a beta of 1.97. The firm's 50-day moving average is $11.02 and its 200 day moving average is $10.17. Peloton Interactive has a 1 year low of $6.66 and a 1 year high of $40.35. The company has a debt-to-equity ratio of 6.48, a current ratio of 2.47 and a quick ratio of 1.40.
Peloton Interactive (NASDAQ:PTON – Get Rating) last announced its quarterly earnings results on Wednesday, February 1st. The company reported ($0.98) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.67) by ($0.31). The firm had revenue of $792.70 million during the quarter, compared to the consensus estimate of $712.30 million. Peloton Interactive had a negative return on equity of 154.92% and a negative net margin of 89.95%. The business's revenue for the quarter was down 30.1% on a year-over-year basis. During the same quarter in the previous year, the firm earned ($1.39) EPS. Sell-side analysts anticipate that Peloton Interactive will post -2.73 EPS for the current fiscal year.Hedge Funds Weigh In On Peloton Interactive
Hedge funds have recently modified their holdings of the stock. Cetera Advisor Networks LLC lifted its stake in Peloton Interactive by 34.6% in the 1st quarter. Cetera Advisor Networks LLC now owns 8,077 shares of the company's stock worth $213,000 after purchasing an additional 2,078 shares in the last quarter. Private Advisor Group LLC lifted its stake in Peloton Interactive by 44.6% in the 1st quarter. Private Advisor Group LLC now owns 12,635 shares of the company's stock worth $334,000 after purchasing an additional 3,896 shares in the last quarter. MetLife Investment Management LLC purchased a new stake in Peloton Interactive in the 1st quarter worth $509,000. Panagora Asset Management Inc. lifted its stake in Peloton Interactive by 18.6% in the 1st quarter. Panagora Asset Management Inc. now owns 21,337 shares of the company's stock worth $564,000 after purchasing an additional 3,347 shares in the last quarter. Finally, Rhumbline Advisers lifted its stake in Peloton Interactive by 1.7% in the 1st quarter. Rhumbline Advisers now owns 263,774 shares of the company's stock worth $6,969,000 after purchasing an additional 4,384 shares in the last quarter. Hedge funds and other institutional investors 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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