Peloton Interactive, Inc. (NASDAQ:PTON – Get Rating) – Analysts at Oppenheimer upped their Q3 2023 earnings estimates for Peloton Interactive in a report released on Thursday, February 2nd. Oppenheimer analyst B. Nagel now anticipates that the company will post earnings of ($0.61) per share for the quarter, up from their previous forecast of ($0.73). The consensus estimate for Peloton Interactive's current full-year earnings is ($2.86) per share. Oppenheimer also issued estimates for Peloton Interactive's FY2023 earnings at ($3.33) EPS and FY2025 earnings at ($2.23) EPS.
Get Peloton Interactive alerts:Peloton Interactive (NASDAQ:PTON – Get Rating) last issued its quarterly earnings data on Wednesday, February 1st. The company reported ($0.98) earnings per share for the quarter, missing analysts' consensus estimates 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 company had revenue of $792.70 million for the quarter, compared to the consensus estimate of $712.30 million. During the same quarter last year, the company earned ($1.39) EPS. The firm's revenue for the quarter was down 30.1% on a year-over-year basis.
A number of other research firms also recently commented on PTON. The Goldman Sachs Group raised their target price on shares of Peloton Interactive from $12.00 to $14.00 and gave the company a "neutral" rating in a research report on Thursday. Telsey Advisory Group upped their target price on shares of Peloton Interactive from $9.00 to $15.00 and gave the stock a "market perform" rating in a report on Thursday. Canaccord Genuity Group boosted their price target on shares of Peloton Interactive from $15.00 to $20.00 and gave the company a "buy" rating in a research report on Thursday. Evercore ISI upped their target price on shares of Peloton Interactive from $11.00 to $18.00 and gave the company an "in-line" rating in a research report on Thursday. Finally, Bank of America upped their target price on shares of Peloton Interactive from $16.00 to $19.00 and gave the company a "buy" rating in a research report on Thursday. Three analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and twelve have given a buy rating to the stock. Based on data from MarketBeat, Peloton Interactive presently has an average rating of "Hold" and a consensus target price of $18.32.Peloton Interactive Stock Performance
PTON opened at $16.28 on Monday. Peloton Interactive has a fifty-two week low of $6.66 and a fifty-two week high of $40.35. The company has a debt-to-equity ratio of 54.95, a quick ratio of 1.40 and a current ratio of 2.28. The company has a fifty day moving average of $11.02 and a 200 day moving average of $10.17. The stock has a market capitalization of $5.54 billion, a price-to-earnings ratio of -2.00 and a beta of 1.97.
Institutional Inflows and Outflows
Large investors have recently bought and sold shares of the business. Wahed Invest LLC acquired a new position in Peloton Interactive in the 2nd quarter worth about $29,000. Exchange Traded Concepts LLC increased its position in Peloton Interactive by 943.8% in the 3rd quarter. Exchange Traded Concepts LLC now owns 4,509 shares of the company's stock worth $31,000 after purchasing an additional 4,077 shares during the last quarter. Covestor Ltd increased its position in Peloton Interactive by 1,054.2% in the 1st quarter. Covestor Ltd now owns 1,385 shares of the company's stock worth $37,000 after purchasing an additional 1,265 shares during the last quarter. Eisler Capital UK Ltd. acquired a new position in Peloton Interactive in the 3rd quarter worth about $44,000. Finally, Parallel Advisors LLC increased its position in Peloton Interactive by 96.5% in the 2nd quarter. Parallel Advisors LLC now owns 4,935 shares of the company's stock worth $45,000 after purchasing an additional 2,424 shares during the last quarter. 74.43% of the stock is owned by institutional investors and hedge funds.
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)
- Is C3.ai Artificial Intelligence Product Suite a Gamechanger?
- 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
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.