BNP Paribas downgraded shares of Peloton Interactive (NASDAQ:PTON – Get Rating) from a neutral rating to an underperform rating in a report published on Thursday morning, Marketbeat Ratings reports. They currently have $8.00 price objective on the stock.
Several other equities analysts have also commented on PTON. Cowen lowered 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 report on Monday, November 21st. Barclays lowered their target price on Peloton Interactive from $18.00 to $14.00 in a report on Sunday, November 6th. Credit Suisse Group lowered their target price on Peloton Interactive from $12.00 to $10.00 and set a neutral rating for the company in a report on Friday, November 4th. Bank of America lowered their target price on Peloton Interactive from $19.00 to $16.00 and set a buy rating for the company in a report on Wednesday, November 2nd. Finally, Morgan Stanley lowered their target price on Peloton Interactive from $10.00 to $8.00 and set an equal weight rating for the company in a report on Tuesday, October 25th. Three equities research analysts have rated the stock with a sell rating, fourteen have given a hold rating and twelve have issued a buy rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of Hold and an average target price of $18.32.
Get Peloton Interactive alerts:Peloton Interactive Trading Down 4.1 %
Shares of NASDAQ PTON opened at $16.28 on Thursday. The stock's 50 day moving average price is $11.02 and its two-hundred day moving average price is $10.18. Peloton Interactive has a 52-week low of $6.66 and a 52-week high of $40.35. The stock has a market capitalization of $5.54 billion, a P/E ratio of -2.00 and a beta of 1.97. The company has a quick ratio of 1.40, a current ratio of 2.28 and a debt-to-equity ratio of 54.95.
Peloton Interactive (NASDAQ:PTON – Get Rating) last announced its quarterly earnings data on Wednesday, February 1st. The company reported ($0.98) earnings per share (EPS) for the quarter, missing the consensus estimate 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 firm had revenue of $792.70 million for the quarter, compared to analyst estimates of $712.30 million. During the same quarter in the previous year, the company earned ($1.39) EPS. The company's quarterly revenue was down 30.1% compared to the same quarter last year. On average, analysts anticipate that Peloton Interactive will post -2.66 earnings per share for the current fiscal year.Institutional Investors Weigh In On Peloton Interactive
Institutional investors and hedge funds have recently modified their holdings of the stock. Covestor Ltd lifted its position in shares of Peloton Interactive by 1,054.2% during the 1st quarter. Covestor Ltd now owns 1,385 shares of the company's stock valued at $37,000 after acquiring an additional 1,265 shares during the last quarter. IFP Advisors Inc lifted its position in shares of Peloton Interactive by 57.5% during the 3rd quarter. IFP Advisors Inc now owns 3,102 shares of the company's stock valued at $92,000 after acquiring an additional 1,132 shares during the last quarter. Wahed Invest LLC acquired a new stake in shares of Peloton Interactive during the 2nd quarter valued at $29,000. Exchange Traded Concepts LLC lifted its position in shares of Peloton Interactive by 943.8% during the 3rd quarter. Exchange Traded Concepts LLC now owns 4,509 shares of the company's stock valued at $31,000 after acquiring an additional 4,077 shares during the last quarter. Finally, Parallel Advisors LLC lifted its position in shares of Peloton Interactive by 96.5% during the 2nd quarter. Parallel Advisors LLC now owns 4,935 shares of the company's stock valued at $45,000 after acquiring an additional 2,424 shares during the last quarter. Institutional investors and hedge funds own 74.43% of the company's stock.
Peloton Interactive Company Profile
(Get Rating)
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.
Featured Articles
- Get a free copy of the StockNews.com research report on Peloton Interactive (PTON)
- MarketBeat Week in Review – 1/30 – 2/3
- Are Penny Stocks Worth it? Should You Invest in Penny Stocks?
- Zimmer Biomet Beats on Earnings, Growth May be Priced In
- AI Software Maker EPAM Boasts Biggest Tech-Sector Rally
- Ford Stock Going Forward After Big Earnings Flop
Receive News & Ratings for Peloton Interactive Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Peloton Interactive and related companies with MarketBeat.com's FREE daily email newsletter.