Peloton Interactive (PTON) Expected to Announce Quarterly Earnings on Thursday

Peloton Interactive (NASDAQ:PTON) is expected to issue its quarterly earnings data before the market opens on Thursday, February 6th. Analysts expect the company to announce earnings of ($0.20) per share and revenue of $653.28 million for the quarter. Parties that wish to register for the company’s conference call can do so using this link.

Peloton Interactive (NASDAQ:PTON) last released its earnings results on Thursday, October 31st. The company reported ($0.16) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.15) by ($0.01). The company had revenue of $586.00 million during the quarter, compared to analyst estimates of $572.97 million. The business’s revenue was down 1.6% compared to the same quarter last year. During the same quarter in the prior year, the company posted ($0.44) earnings per share. On average, analysts expect Peloton Interactive to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Peloton Interactive Stock Down 3.2 %

PTON stock opened at $8.05 on Thursday. The company has a market cap of $3.07 billion, a price-to-earnings ratio of -7.52 and a beta of 1.95. Peloton Interactive has a twelve month low of $2.70 and a twelve month high of $10.90. The business has a 50 day moving average price of $9.18 and a two-hundred day moving average price of $6.44.

Insider Buying and Selling at Peloton Interactive

In related news, Director Karen Boone sold 17,259 shares of the business’s stock in a transaction dated Thursday, January 2nd. The stock was sold at an average price of $8.63, for a total value of $148,945.17. Following the completion of the transaction, the director now owns 244,641 shares of the company’s stock, valued at $2,111,251.83. The trade was a 6.59 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CFO Elizabeth F. Coddington sold 186,462 shares of the stock in a transaction dated Monday, November 18th. The stock was sold at an average price of $7.58, for a total transaction of $1,413,381.96. Following the sale, the chief financial officer now owns 223,017 shares in the company, valued at $1,690,468.86. The trade was a 45.54 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 422,821 shares of company stock valued at $3,264,674 in the last quarter. Company insiders own 1.34% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on PTON shares. Sanford C. Bernstein boosted their target price on shares of Peloton Interactive from $4.25 to $6.50 and gave the stock a “market perform” rating in a report on Friday, November 1st. BMO Capital Markets boosted their price objective on shares of Peloton Interactive from $6.50 to $8.50 and gave the stock a “market perform” rating in a research note on Monday, November 4th. Needham & Company LLC reiterated a “hold” rating on shares of Peloton Interactive in a research note on Friday, November 1st. JMP Securities reissued a “market perform” rating on shares of Peloton Interactive in a research report on Thursday, October 3rd. Finally, Morgan Stanley raised their price objective on Peloton Interactive from $3.50 to $5.00 and gave the company an “equal weight” rating in a research report on Friday, November 1st. Sixteen investment analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat.com, Peloton Interactive currently has a consensus rating of “Hold” and an average target price of $6.97.

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.