Peloton (NASDAQ:PTON) has been given an average recommendation of “Buy” by the twenty-two research firms that are covering the firm, Marketbeat Ratings reports. Three research analysts have rated the stock with a hold rating and eighteen have issued a buy rating on the company. The average twelve-month price objective among analysts that have covered the stock in the last year is $32.76.
A number of brokerages recently issued reports on PTON. SunTrust Banks began coverage on shares of Peloton in a report on Monday, October 21st. They issued a “buy” rating and a $30.00 price objective for the company. Needham & Company LLC reissued a “buy” rating and issued a $30.00 price objective on shares of Peloton in a report on Tuesday, November 5th. Raymond James began coverage on shares of Peloton in a report on Monday, October 21st. They issued an “outperform” rating and a $32.00 price objective for the company. Wolfe Research raised shares of Peloton from an “underperform” rating to a “market perform” rating in a report on Monday, October 21st. Finally, Robert W. Baird upped their price objective on shares of Peloton from $29.00 to $35.00 in a report on Friday, November 29th.
Shares of PTON traded down $0.52 during mid-day trading on Wednesday, reaching $32.96. The stock had a trading volume of 8,623,777 shares, compared to its average volume of 4,841,149. The company has a current ratio of 5.34, a quick ratio of 4.71 and a debt-to-equity ratio of 0.31. Peloton has a 52-week low of $20.46 and a 52-week high of $37.02. The company has a fifty day moving average of $23.45.
Peloton (NASDAQ:PTON) last announced its quarterly earnings data on Tuesday, November 5th. The company reported ($1.29) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.40) by ($0.89). The company had revenue of $228.00 million for the quarter, compared to analysts’ expectations of $199.35 million. The firm’s revenue for the quarter was up 103.4% on a year-over-year basis. Equities research analysts predict that Peloton will post -1.16 earnings per share for the current fiscal year.
In related news, insider X Cycle L.P. Tcv bought 1,724,137 shares of the stock in a transaction on Monday, September 30th. The stock was bought at an average price of $29.00 per share, with a total value of $49,999,973.00. Also, Director Howard C. Draft bought 68,965 shares of the stock in a transaction on Thursday, September 26th. The shares were bought at an average cost of $29.00 per share, with a total value of $1,999,985.00.
Hedge funds have recently made changes to their positions in the business. Soros Fund Management LLC purchased a new position in Peloton during the third quarter worth about $39,533,000. Canyon Capital Advisors LLC acquired a new stake in shares of Peloton during the third quarter worth about $6,275,000. Millennium Management LLC acquired a new stake in shares of Peloton during the third quarter worth about $18,860,000. Pictet Asset Management Ltd. acquired a new stake in shares of Peloton during the third quarter worth about $5,020,000. Finally, Massachusetts Financial Services Co. MA acquired a new stake in shares of Peloton during the third quarter worth about $35,993,000. 21.46% of the stock is owned by institutional investors.
Peloton Interactive, Inc provides interactive fitness products in North America. It offers connected fitness products, such as the Peloton Bike and the Peloton Tread, which include touchscreen that streams live and on-demand classes. The company also provides connected fitness subscriptions for multiple household users, and access to all live and on-demand classes, as well as Peloton Digital app for connected fitness subscribers to provide access to its classes.
Further Reading: Hold Rating
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