William Blair Brokers Decrease Earnings Estimates for Peloton Interactive, Inc. (NASDAQ:PTON)

Peloton Interactive, Inc. (NASDAQ:PTONGet Rating) – Equities research analysts at William Blair decreased their Q4 2022 earnings estimates for Peloton Interactive in a research report issued on Tuesday, May 10th. William Blair analyst R. Schackart now anticipates that the company will post earnings of ($0.60) per share for the quarter, down from their prior forecast of ($0.35). William Blair also issued estimates for Peloton Interactive’s Q1 2023 earnings at ($0.48) EPS, Q2 2023 earnings at ($0.50) EPS, Q3 2023 earnings at ($0.50) EPS, Q4 2023 earnings at ($0.90) EPS, FY2023 earnings at ($1.90) EPS and FY2024 earnings at ($1.46) EPS.

Several other research analysts also recently commented on PTON. Needham & Company LLC lowered their target price on Peloton Interactive from $50.00 to $25.00 in a research note on Wednesday. Telsey Advisory Group lowered their price objective on Peloton Interactive from $40.00 to $28.00 and set a “market perform” rating for the company in a research note on Monday, April 18th. Roth Capital reaffirmed a “buy” rating on shares of Peloton Interactive in a research note on Wednesday. MKM Partners lowered their price objective on Peloton Interactive from $35.00 to $17.00 and set a “neutral” rating for the company in a research note on Wednesday. Finally, Citigroup lowered their price objective on Peloton Interactive from $36.00 to $28.00 in a research note on Wednesday. One analyst has rated the stock with a sell rating, fifteen have assigned a hold rating and seventeen have assigned a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $45.81.

Shares of NASDAQ PTON opened at $14.12 on Friday. The company has a current ratio of 2.33, a quick ratio of 1.29 and a debt-to-equity ratio of 0.36. The company has a market cap of $4.68 billion, a price-to-earnings ratio of -2.29 and a beta of 1.26. Peloton Interactive has a 12 month low of $11.25 and a 12 month high of $129.70. The stock has a 50-day moving average price of $22.80 and a two-hundred day moving average price of $35.19.

Peloton Interactive (NASDAQ:PTONGet Rating) last issued its earnings results on Tuesday, May 10th. The company reported ($2.27) EPS 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 analyst estimates of $969.81 million. Peloton Interactive had a negative return on equity of 77.49% and a negative net margin of 49.10%. The firm’s revenue was down 23.6% compared to the same quarter last year. During the same period in the previous year, the firm posted ($0.03) EPS.

Several institutional investors have recently made changes to their positions in PTON. Viking Global Investors LP increased its position in shares of Peloton Interactive by 1,135.7% during the 3rd quarter. Viking Global Investors LP now owns 6,485,107 shares of the company’s stock valued at $564,529,000 after purchasing an additional 5,960,315 shares during the last quarter. Baillie Gifford & Co. increased its holdings in Peloton Interactive by 12.1% in the 4th quarter. Baillie Gifford & Co. now owns 31,609,257 shares of the company’s stock worth $1,130,347,000 after acquiring an additional 3,420,226 shares during the last quarter. Capital World Investors increased its holdings in Peloton Interactive by 38.5% in the 4th quarter. Capital World Investors now owns 8,713,231 shares of the company’s stock worth $311,585,000 after acquiring an additional 2,423,001 shares during the last quarter. Bank of Montreal Can increased its holdings in Peloton Interactive by 1,088.3% in the 4th quarter. Bank of Montreal Can now owns 2,517,052 shares of the company’s stock worth $93,687,000 after acquiring an additional 2,305,230 shares during the last quarter. Finally, MFA Wealth Advisors LLC increased its holdings in Peloton Interactive by 7,835.9% in the 3rd 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 last quarter. 82.42% of the stock is owned by hedge funds and other institutional investors.

In other Peloton Interactive news, CAO Allen J. Klingsick sold 2,059 shares of the firm’s stock in a transaction on Thursday, February 17th. The stock was sold at an average price of $31.89, for a total transaction of $65,661.51. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, COO Mariana Garavaglia sold 2,459 shares of the firm’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 disclosure for this sale can be found here. Over the last 90 days, insiders have sold 10,768 shares of company stock worth $347,387. Company insiders own 13.18% 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.

Further Reading

Earnings History and Estimates for Peloton Interactive (NASDAQ:PTON)

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