Peloton Interactive (PTON) to Release Quarterly Earnings on Thursday

Peloton Interactive (NASDAQ:PTON - Get Free Report) will likely be issuing 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. Individual that wish to listen to the company's earnings conference call can do so using this link.

Peloton Interactive (NASDAQ:PTON - Get Free Report) last issued its quarterly earnings data 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 analysts' expectations of $572.97 million. During the same period last year, the firm earned ($0.44) earnings per share. The company's revenue was down 1.6% on a year-over-year basis. 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 Price Performance

Shares of PTON traded up $0.04 during midday trading on Thursday, reaching $8.09. 4,631,968 shares of the stock were exchanged, compared to its average volume of 10,397,432. Peloton Interactive has a twelve month low of $2.70 and a twelve month high of $10.90. The business's 50-day moving average price is $9.18 and its 200 day moving average price is $6.45. The company has a market capitalization of $3.08 billion, a price-to-earnings ratio of -7.55 and a beta of 1.95.

Insiders Place Their Bets

In related news, CEO Karen Boone sold 13,484 shares of the firm's stock in a transaction on Friday, November 1st. The shares were sold at an average price of $8.27, for a total transaction of $111,512.68. Following the completion of the sale, the chief executive officer now directly owns 211,459 shares of the company's stock, valued at approximately $1,748,765.93. This trade represents a 5.99 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Chris Bruzzo sold 13,524 shares of the business's stock in a transaction that occurred on Friday, November 1st. The shares were sold at an average price of $8.24, for a total value of $111,437.76. Following the completion of the sale, the director now owns 167,362 shares of the company's stock, valued at $1,379,062.88. This trade represents a 7.48 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 422,821 shares of company stock valued at $3,264,674 in the last 90 days. 1.34% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on PTON shares. Needham & Company LLC reissued a "hold" rating on shares of Peloton Interactive in a research report on Friday, November 1st. JPMorgan Chase & Co. raised their price objective on Peloton Interactive from $5.00 to $7.00 and gave the company a "neutral" rating in a research note on Friday, November 1st. Truist Financial increased their target price on shares of Peloton Interactive from $6.00 to $10.00 and gave the stock a "hold" rating in a report on Friday, November 1st. Macquarie increased their target price on shares of Peloton Interactive from $4.90 to $9.00 and gave the company a "neutral" rating in a research note on Friday, November 1st. Finally, Robert W. Baird upped their target price on Peloton Interactive from $4.75 to $8.00 and gave the stock a "neutral" rating in a research report on Friday, November 1st. Sixteen equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Hold" and a consensus price target 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.