Peloton Interactive (NASDAQ:PTON) Releases Earnings Results, Misses Expectations By $0.06 EPS

Peloton Interactive (NASDAQ:PTON) issued its earnings results on Thursday. The company reported ($0.45) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.39) by ($0.06), Briefing.com reports. The firm had revenue of $717.70 million during the quarter, compared to analyst estimates of $720.85 million. During the same period in the prior year, the firm earned ($0.79) EPS. The business’s revenue for the quarter was down 4.2% on a year-over-year basis.

Peloton Interactive Price Performance

Shares of PTON stock traded up $0.29 on Friday, hitting $3.43. 34,761,060 shares of the stock traded hands, compared to its average volume of 14,940,079. The company has a market capitalization of $1.26 billion, a PE ratio of -1.40 and a beta of 2.01. Peloton Interactive has a 1-year low of $2.70 and a 1-year high of $9.87. The company’s fifty day moving average is $3.94 and its 200 day moving average is $4.88.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on PTON. Robert W. Baird decreased their target price on Peloton Interactive from $5.00 to $3.50 and set a “neutral” rating for the company in a report on Friday. Macquarie decreased their target price on Peloton Interactive from $4.50 to $2.53 and set a “neutral” rating for the company in a report on Friday. Telsey Advisory Group reiterated a “market perform” rating and set a $4.00 target price (down previously from $5.00) on shares of Peloton Interactive in a report on Monday. Truist Financial decreased their price target on Peloton Interactive from $7.00 to $6.00 and set a “hold” rating for the company in a report on Friday, February 2nd. Finally, BMO Capital Markets decreased their price target on Peloton Interactive from $7.50 to $6.50 and set a “market perform” rating for the company in a report on Friday. Three research analysts have rated the stock with a sell rating, thirteen have given a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $6.15.

Insider Activity at Peloton Interactive

In related news, CFO Elizabeth F. Coddington sold 8,977 shares of the company’s stock in a transaction that occurred on Thursday, March 14th. The stock was sold at an average price of $4.34, for a total transaction of $38,960.18. Following the sale, the chief financial officer now directly owns 104,428 shares of the company’s stock, valued at approximately $453,217.52. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 3.28% of the company’s stock.

Peloton Interactive Company Profile

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, Peloton Tread+, Peloton Guide, and Peloton Row names.