Peloton Interactive (NASDAQ:PTON) PT Lowered to $27.00 at Loop Capital

Peloton Interactive (NASDAQ:PTONGet Rating) had its price target dropped by analysts at Loop Capital from $55.00 to $27.00 in a report issued on Wednesday, The Fly reports. Loop Capital’s price target indicates a potential upside of 109.30% from the stock’s current price.

A number of other research firms have also recently commented on PTON. Wolfe Research upped their price target on shares of Peloton Interactive from $30.00 to $32.00 and gave the stock a “peer perform” rating in a report on Wednesday, February 9th. Needham & Company LLC cut their price target on shares of Peloton Interactive from $105.00 to $50.00 and set a “buy” rating on the stock in a report on Friday, January 21st. Deutsche Bank Aktiengesellschaft upped their price target on shares of Peloton Interactive from $42.00 to $51.00 and gave the stock a “buy” rating in a report on Wednesday, February 9th. Robert W. Baird dropped their target price on shares of Peloton Interactive from $70.00 to $40.00 in a report on Wednesday, January 26th. Finally, Evercore ISI dropped their target price on shares of Peloton Interactive from $72.00 to $40.00 and set an “in-line” rating on the stock in a report on Friday, January 21st. One equities research analyst has rated the stock with a sell rating, fifteen have assigned a hold rating and seventeen have given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $51.90.

PTON stock opened at $12.90 on Wednesday. The company has a quick ratio of 1.29, a current ratio of 2.33 and a debt-to-equity ratio of 0.36. Peloton Interactive has a twelve month low of $11.25 and a twelve month high of $129.70. The stock has a market capitalization of $4.28 billion, a price-to-earnings ratio of -3.47 and a beta of 1.26. The firm’s fifty day simple moving average is $23.04 and its two-hundred day simple moving average is $35.35.

Peloton Interactive (NASDAQ:PTONGet Rating) last posted its quarterly earnings data on Tuesday, May 10th. The company reported ($2.27) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.83) by ($1.44). The firm 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%. The company’s revenue was down 23.6% on a year-over-year basis. During the same quarter last year, the firm earned ($0.03) EPS. As a group, equities research analysts expect that Peloton Interactive will post -3.94 EPS for the current year.

In other Peloton Interactive news, COO Mariana Garavaglia sold 2,459 shares of the firm’s stock in a transaction that occurred on Thursday, February 17th. The shares were sold at an average price of $31.99, for a total transaction of $78,663.41. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director William Lynch sold 6,250 shares of the firm’s stock in a transaction that occurred on Thursday, February 17th. The stock was sold at an average price of $32.49, for a total transaction of $203,062.50. The disclosure for this sale can be found here. Insiders have sold a total of 10,768 shares of company stock valued at $347,387 over the last three months. 13.18% of the stock is currently owned by insiders.

Hedge funds and other institutional investors have recently bought and sold shares of the company. Viking Global Investors LP raised its holdings in Peloton Interactive by 1,135.7% in the 3rd quarter. Viking Global Investors LP now owns 6,485,107 shares of the company’s stock valued at $564,529,000 after buying an additional 5,960,315 shares during the period. Baillie Gifford & Co. lifted its stake in Peloton Interactive by 12.1% in the fourth quarter. Baillie Gifford & Co. now owns 31,609,257 shares of the company’s stock valued at $1,130,347,000 after buying an additional 3,420,226 shares during the last quarter. Capital World Investors lifted its stake in Peloton Interactive by 38.5% in the fourth quarter. Capital World Investors now owns 8,713,231 shares of the company’s stock valued at $311,585,000 after buying an additional 2,423,001 shares during the last quarter. Bank of Montreal Can raised its stake in shares of Peloton Interactive by 1,088.3% during the fourth quarter. Bank of Montreal Can now owns 2,517,052 shares of the company’s stock worth $93,687,000 after purchasing an additional 2,305,230 shares during the last quarter. Finally, MFA Wealth Advisors LLC grew its holdings in Peloton Interactive by 7,835.9% during the third quarter. MFA Wealth Advisors LLC now owns 2,173,884 shares of the company’s stock worth $2,371,000 after acquiring an additional 2,146,491 shares during the period. Institutional investors and hedge funds own 82.42% of the company’s stock.

About Peloton Interactive (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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