Needham & Company LLC Trims Peloton Interactive (NASDAQ:PTON) Target Price to $25.00

Peloton Interactive (NASDAQ:PTONGet Rating) had its price target lowered by analysts at Needham & Company LLC from $50.00 to $25.00 in a report issued on Wednesday, The Fly reports. Needham & Company LLC’s price objective indicates a potential upside of 88.25% from the company’s current price.

Other equities analysts have also issued research reports about the stock. Credit Suisse Group cut their price objective on shares of Peloton Interactive from $28.00 to $11.00 in a research report on Wednesday. Macquarie lowered their price target on Peloton Interactive from $85.00 to $60.00 and set an “outperform” rating on the stock in a report on Wednesday, February 9th. Evercore ISI lowered their price target on Peloton Interactive from $72.00 to $40.00 and set an “in-line” rating on the stock in a report on Friday, January 21st. Stifel Nicolaus downgraded Peloton Interactive from a “buy” rating to a “hold” rating and lowered their price target for the company from $45.00 to $14.00 in a report on Wednesday. Finally, JPMorgan Chase & Co. lowered their price target on Peloton Interactive from $50.00 to $24.00 in a report on Wednesday. One research analyst has rated the stock with a sell rating, fifteen have given a hold rating and seventeen have assigned a buy rating to the company. According to MarketBeat.com, Peloton Interactive presently has a consensus rating of “Hold” and an average target price of $45.81.

NASDAQ PTON opened at $13.28 on Wednesday. The company has a 50 day simple moving average of $23.04 and a 200-day simple moving average of $35.35. The company has a debt-to-equity ratio of 0.36, a current ratio of 2.33 and a quick ratio of 1.29. The firm has a market capitalization of $4.40 billion, a price-to-earnings ratio of -3.57 and a beta of 1.26. Peloton Interactive has a 52-week low of $11.25 and a 52-week high of $129.70.

Peloton Interactive (NASDAQ:PTONGet Rating) last issued its quarterly earnings data on Tuesday, May 10th. The company reported ($2.27) earnings per share for the quarter, missing the consensus estimate of ($0.83) by ($1.44). The business had revenue of $964.30 million for the quarter, compared to the consensus estimate of $969.81 million. Peloton Interactive had a negative net margin of 27.48% and a negative return on equity of 59.67%. Peloton Interactive’s revenue was down 23.6% compared to the same quarter last year. During the same period in the previous year, the business posted ($0.03) EPS. On average, analysts predict that Peloton Interactive will post -3.94 EPS for the current year.

In other news, COO Mariana Garavaglia sold 2,459 shares of the business’s stock in a transaction on Thursday, February 17th. The shares were sold at an average price of $31.99, for a total value of $78,663.41. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CAO Allen J. Klingsick sold 2,059 shares of the business’s stock in a transaction on Thursday, February 17th. The shares were sold at an average price of $31.89, for a total transaction of $65,661.51. The disclosure for this sale can be found here. Insiders sold a total of 10,768 shares of company stock valued at $347,387 in the last three months. 13.18% of the stock is owned by company insiders.

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Psagot Value Holdings Ltd. acquired a new position in Peloton Interactive in the 3rd quarter worth $30,000. Eagle Bay Advisors LLC boosted its stake in shares of Peloton Interactive by 84.5% during the 3rd quarter. Eagle Bay Advisors LLC now owns 655 shares of the company’s stock worth $57,000 after buying an additional 300 shares during the last quarter. Clearstead Advisors LLC boosted its stake in shares of Peloton Interactive by 442.7% during the 3rd quarter. Clearstead Advisors LLC now owns 673 shares of the company’s stock worth $59,000 after buying an additional 549 shares during the last quarter. Masso Torrence Wealth Management Inc. acquired a new position in shares of Peloton Interactive during the 4th quarter worth about $26,000. Finally, ICICI Prudential Asset Management Co Ltd acquired a new position in shares of Peloton Interactive during the 4th quarter worth about $27,000. 82.42% of the stock is owned by hedge funds and other institutional investors.

Peloton Interactive Company Profile (Get Rating)

Peloton Interactive, Inc provides interactive fitness products in North America and internationally. It offers connected fitness products with touchscreen that streams live and on-demand classes under the Peloton Bike, Peloton Bike+, Peloton Tread, and Peloton Tread+ names. The company also provides connected fitness subscriptions for various household users, and access to various live and on-demand classes, as well as Peloton Digital app for connected fitness subscribers to provide access to its classes.

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