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

Peloton Interactive (NASDAQ:PTON) released its quarterly earnings results on Thursday. The company reported ($0.45) EPS for the quarter, missing analysts’ consensus estimates of ($0.39) by ($0.06), Briefing.com reports. The company had revenue of $717.70 million during the quarter, compared to analyst estimates of $720.85 million. During the same quarter in the previous year, the business posted ($0.79) EPS. Peloton Interactive’s revenue was down 4.2% compared to the same quarter last year.

Peloton Interactive Price Performance

PTON traded up $0.29 during mid-day trading on Friday, hitting $3.43. The stock had a trading volume of 34,761,060 shares, compared to its average volume of 14,940,079. The stock’s fifty day simple moving average is $3.94 and its 200-day simple moving average is $4.88. The firm has a market capitalization of $1.26 billion, a price-to-earnings 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.

Insider Activity

In other Peloton Interactive news, CFO Elizabeth F. Coddington sold 8,977 shares of the stock in a transaction dated Thursday, March 14th. The stock was sold at an average price of $4.34, for a total value of $38,960.18. Following the completion of the sale, the chief financial officer now directly owns 104,428 shares in the company, valued at $453,217.52. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 3.28% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on PTON. Telsey Advisory Group restated 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. BMO Capital Markets lowered their price objective on shares of Peloton Interactive from $7.50 to $6.50 and set a “market perform” rating for the company in a research report on Friday. Bank of America reduced their target price on shares of Peloton Interactive from $4.00 to $3.25 and set an “underperform” rating on the stock in a research report on Monday. Macquarie decreased their price target on shares of Peloton Interactive from $4.50 to $2.53 and set a “neutral” rating on the stock in a research note on Friday. Finally, Roth Mkm reduced their price objective on Peloton Interactive from $7.00 to $5.00 and set a “buy” rating on the stock in a report on Friday. Three analysts have rated the stock with a sell rating, thirteen have issued a hold rating and four have issued a buy rating to the company. According to MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $6.15.

About Peloton Interactive

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.