Peloton Interactive (PTON) to Release Earnings on Thursday

Peloton Interactive (NASDAQ:PTON - Get Free Report) 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 interested in listening to the company's conference call can do so using this link.

Peloton Interactive (NASDAQ:PTON - Get Free Report) last announced its earnings results on Thursday, October 31st. The company reported ($0.16) EPS for the quarter, missing the consensus estimate of ($0.15) by ($0.01). The firm had revenue of $586.00 million during the quarter, compared to analyst estimates of $572.97 million. The firm's revenue was down 1.6% compared to the same quarter last year. During the same period last 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 Price Performance

NASDAQ PTON traded down $0.32 on Friday, hitting $7.75. 10,323,866 shares of the company were exchanged, compared to its average volume of 9,662,246. Peloton Interactive has a twelve month low of $2.70 and a twelve month high of $10.90. The company's 50 day moving average price is $9.12 and its 200-day moving average price is $6.51. The firm has a market capitalization of $2.96 billion, a P/E ratio of -7.24 and a beta of 1.95.

Analysts Set New Price Targets

Several equities research analysts recently commented on PTON shares. UBS Group upgraded shares of Peloton Interactive from a "sell" rating to a "neutral" rating and upped their price target for the company from $2.50 to $10.00 in a research report on Friday, December 6th. Telsey Advisory Group increased their target price on Peloton Interactive from $5.00 to $9.00 and gave the company a "market perform" rating in a report on Friday, November 1st. JPMorgan Chase & Co. lifted their price target on Peloton Interactive from $5.00 to $7.00 and gave the company a "neutral" rating in a report on Friday, November 1st. Bank of America raised Peloton Interactive from an "underperform" rating to a "buy" rating and increased their price objective for the stock from $3.75 to $9.00 in a research note on Monday, November 4th. Finally, Sanford C. Bernstein lifted their target price on Peloton Interactive from $4.25 to $6.50 and gave the company a "market perform" rating in a research note on Friday, November 1st. Sixteen analysts have rated the stock with a hold rating and three have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and an average target price of $6.97.

Insiders Place Their Bets

In other news, insider Andrew S. Rendich sold 138,391 shares of the business's stock in a transaction on Monday, November 18th. The shares were sold at an average price of $7.51, for a total value of $1,039,316.41. Following the completion of the sale, the insider now directly owns 287,973 shares in the company, valued at approximately $2,162,677.23. The trade was a 32.46 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Elizabeth F. Coddington sold 186,462 shares of Peloton Interactive stock in a transaction on 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 completion of the transaction, the chief financial officer now owns 223,017 shares in the company, valued at $1,690,468.86. This trade represents a 45.54 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 395,813 shares of company stock valued at $3,041,724 over the last quarter. Insiders own 1.34% 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.