Peloton Interactive (NASDAQ:PTON – Get Rating) had its price objective lifted by analysts at Evercore ISI from $11.00 to $18.00 in a report released on Thursday, MarketBeat reports. The brokerage currently has an "in-line" rating on the stock. Evercore ISI's price target would suggest a potential upside of 10.57% from the stock's current price.
A number of other analysts also recently issued reports on PTON. Truist Financial lifted their price objective on Peloton Interactive from $10.00 to $15.00 and gave the stock a "hold" rating in a research note on Thursday. The Goldman Sachs Group boosted their target price on Peloton Interactive from $12.00 to $14.00 and gave the company a "neutral" rating in a research report on Thursday. Credit Suisse Group boosted their target price on Peloton Interactive from $10.00 to $12.00 and gave the company a "neutral" rating in a research report on Thursday. BMO Capital Markets boosted their target price on Peloton Interactive from $8.00 to $9.50 and gave the company an "underperform" rating in a research report on Thursday. Finally, JMP Securities downgraded Peloton Interactive from an "outperform" rating to a "market perform" rating in a research report on Wednesday. Three equities research analysts have rated the stock with a sell rating, fourteen have given a hold rating and twelve have assigned a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Hold" and a consensus price target of $18.32.
Get Peloton Interactive alerts:Peloton Interactive Stock Down 4.1 %
Shares of PTON opened at $16.28 on Thursday. The business's 50 day moving average is $11.02 and its 200 day moving average is $10.17. The company has a market capitalization of $5.54 billion, a PE ratio of -2.00 and a beta of 1.97. Peloton Interactive has a 12-month low of $6.66 and a 12-month high of $40.35. The company has a current ratio of 2.47, a quick ratio of 1.40 and a debt-to-equity ratio of 6.48.
Peloton Interactive (NASDAQ:PTON – Get Rating) last released its quarterly earnings data 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). Peloton Interactive had a negative return on equity of 154.92% and a negative net margin of 89.95%. The firm had revenue of $792.70 million during the quarter, compared to the consensus estimate of $712.30 million. During the same period in the previous year, the firm earned ($1.39) EPS. The business's revenue was down 30.1% compared to the same quarter last year. Research analysts expect that Peloton Interactive will post -2.73 earnings per share for the current fiscal year.Institutional Investors Weigh In On Peloton Interactive
Hedge funds and other institutional investors have recently made changes to their positions in the stock. Wahed Invest LLC acquired a new stake in shares of Peloton Interactive in the second quarter valued at approximately $29,000. Exchange Traded Concepts LLC increased its holdings in shares of Peloton Interactive by 943.8% in the third quarter. Exchange Traded Concepts LLC now owns 4,509 shares of the company's stock valued at $31,000 after purchasing an additional 4,077 shares during the last quarter. Covestor Ltd increased its holdings in shares of Peloton Interactive by 1,054.2% in the first quarter. Covestor Ltd now owns 1,385 shares of the company's stock valued at $37,000 after purchasing an additional 1,265 shares during the last quarter. Eisler Capital UK Ltd. acquired a new stake in shares of Peloton Interactive in the third quarter valued at approximately $44,000. Finally, Parallel Advisors LLC increased its holdings in shares of Peloton Interactive by 96.5% in the second quarter. Parallel Advisors LLC now owns 4,935 shares of the company's stock valued at $45,000 after purchasing an additional 2,424 shares during the last quarter. Institutional investors and hedge funds own 74.43% of the company's stock.
About Peloton Interactive
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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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