Peloton Interactive (PTON) Projected to Post Earnings on Thursday

Peloton Interactive (NASDAQ:PTON) will likely be announcing its earnings results 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 are interested in registering for the company’s earnings conference call can do so using this link.

Peloton Interactive Price Performance

Shares of PTON stock opened at $7.31 on Wednesday. Peloton Interactive has a 1-year low of $2.70 and a 1-year high of $10.90. The business’s fifty day moving average price is $9.08 and its 200 day moving average price is $6.55. The firm has a market capitalization of $2.79 billion, a PE ratio of -6.83 and a beta of 1.95.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on PTON shares. Robert W. Baird increased their price target on shares of Peloton Interactive from $4.75 to $8.00 and gave the company a “neutral” rating in a report on Friday, November 1st. UBS Group raised shares of Peloton Interactive from a “sell” rating to a “neutral” rating and increased their target price for the company from $2.50 to $10.00 in a report on Friday, December 6th. Needham & Company LLC reissued a “hold” rating on shares of Peloton Interactive in a research note on Friday, November 1st. JPMorgan Chase & Co. lifted their price objective on Peloton Interactive from $5.00 to $7.00 and gave the stock a “neutral” rating in a report on Friday, November 1st. Finally, BMO Capital Markets upped their target price on Peloton Interactive from $6.50 to $8.50 and gave the company a “market perform” rating in a report on Monday, November 4th. Sixteen analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $7.10.

Insider Activity

In other news, insider Andrew S. Rendich sold 138,391 shares of the company’s stock in a transaction dated Monday, November 18th. The shares were sold at an average price of $7.51, for a total transaction of $1,039,316.41. Following the completion of the transaction, the insider now owns 287,973 shares of the company’s stock, valued at $2,162,677.23. This represents a 32.46 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, 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 transaction, the chief financial officer now owns 223,017 shares in the company, valued at approximately $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 a total of 395,813 shares of company stock valued at $3,041,724 over the last 90 days. 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.