Peloton Interactive (NASDAQ:PTON) Releases Quarterly Earnings Results, Beats Expectations By $0.10 EPS

Peloton Interactive (NASDAQ:PTON) posted its quarterly earnings results on Thursday. The company reported ($0.08) earnings per share for the quarter, beating the consensus estimate of ($0.18) by $0.10, Briefing.com reports. The company had revenue of $644.00 million during the quarter, compared to the consensus estimate of $633.00 million. During the same period last year, the firm posted ($0.68) earnings per share. The company’s revenue for the quarter was up .3% on a year-over-year basis. Peloton Interactive updated its FY 2025 guidance to EPS and its Q1 2025 guidance to EPS.

Peloton Interactive Stock Performance

Shares of NASDAQ:PTON opened at $4.84 on Friday. Peloton Interactive has a fifty-two week low of $2.70 and a fifty-two week high of $7.24. The company’s 50-day moving average is $3.48 and its 200 day moving average is $3.78. The company has a market capitalization of $1.79 billion, a P/E ratio of -2.29 and a beta of 2.02.

Wall Street Analyst Weigh In

A number of analysts have commented on the stock. BMO Capital Markets decreased their price target on shares of Peloton Interactive from $7.50 to $6.50 and set a “market perform” rating for the company in a research note on Friday, May 3rd. Bank of America decreased their target price on shares of Peloton Interactive from $4.00 to $3.25 and set an “underperform” rating for the company in a research report on Monday, April 29th. Roth Mkm raised their price target on shares of Peloton Interactive from $5.00 to $6.00 and gave the company a “buy” rating in a research report on Friday. Macquarie reissued a “neutral” rating and set a $2.53 price objective on shares of Peloton Interactive in a report on Thursday. Finally, Sanford C. Bernstein raised their target price on Peloton Interactive from $3.80 to $4.25 and gave the company a “market perform” rating in a report on Friday. Two investment analysts have rated the stock with a sell rating, eighteen have issued a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, Peloton Interactive currently has a consensus rating of “Hold” and a consensus price target of $4.53.

Insider Buying and Selling

In other Peloton Interactive news, CEO Chris Bruzzo sold 15,113 shares of the business’s stock in a transaction dated Thursday, August 1st. The shares were sold at an average price of $3.42, for a total value of $51,686.46. Following the transaction, the chief executive officer now directly owns 97,433 shares in the company, valued at $333,220.86. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In other news, CEO Karen Boone sold 14,841 shares of the stock in a transaction on Monday, July 1st. The stock was sold at an average price of $3.31, for a total transaction of $49,123.71. Following the completion of the transaction, the chief executive officer now owns 116,171 shares in the company, valued at approximately $384,526.01. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Chris Bruzzo sold 15,113 shares of the business’s stock in a transaction dated Thursday, August 1st. The shares were sold at an average price of $3.42, for a total value of $51,686.46. Following the completion of the sale, the chief executive officer now owns 97,433 shares in the company, valued at $333,220.86. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 53,813 shares of company stock worth $187,715. Insiders own 3.28% of the company’s stock.

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.