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

Peloton Interactive (NASDAQ:PTONGet Free Report) 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), 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.

View Our Latest Analysis on Peloton Interactive

About Peloton Interactive

(Get Free Report)

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.

See Also

Earnings History for Peloton Interactive (NASDAQ:PTON)

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's FREE daily email newsletter.