Peloton Interactive (PTON) Projected to Post Quarterly Earnings on Thursday

Peloton Interactive (NASDAQ:PTON) will likely be issuing its quarterly earnings data 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. Investors that wish to listen to the company’s conference call can do so using this link.

Peloton Interactive Price Performance

NASDAQ PTON opened at $7.32 on Tuesday. The company has a market cap of $2.79 billion, a P/E ratio of -6.84 and a beta of 1.95. Peloton Interactive has a 1-year low of $2.70 and a 1-year high of $10.90. The stock has a 50-day moving average of $9.12 and a two-hundred day moving average of $6.53.

Analyst Upgrades and Downgrades

Several equities analysts have commented on the stock. Bank of America raised shares of Peloton Interactive from an “underperform” rating to a “buy” rating and raised their price target for the company from $3.75 to $9.00 in a research report on Monday, November 4th. Needham & Company LLC restated a “hold” rating on shares of Peloton Interactive in a report on Friday, November 1st. Sanford C. Bernstein lifted their price objective on Peloton Interactive from $4.25 to $6.50 and gave the company a “market perform” rating in a research note on Friday, November 1st. Telsey Advisory Group restated a “market perform” rating and set a $11.00 target price on shares of Peloton Interactive in a research note on Monday. Finally, BMO Capital Markets lifted their price target on shares of Peloton Interactive from $6.50 to $8.50 and gave the stock a “market perform” rating in a research note on Monday, November 4th. Sixteen research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Hold” and an average price target of $7.10.

Insider Transactions at Peloton Interactive

In related news, CFO Elizabeth F. Coddington sold 186,462 shares of the stock in a transaction on Monday, November 18th. The stock was sold at an average price of $7.58, for a total value of $1,413,381.96. Following the transaction, the chief financial officer now directly owns 223,017 shares of the company’s stock, valued at approximately $1,690,468.86. This trade represents a 45.54 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Karen Boone sold 17,259 shares of the business’s stock in a transaction that occurred on Thursday, January 2nd. The stock was sold at an average price of $8.63, for a total transaction of $148,945.17. Following the sale, the director now owns 244,641 shares of the company’s stock, valued at approximately $2,111,251.83. This represents a 6.59 % 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 three months. 1.34% of the stock is currently owned by insiders.

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.