Peloton Interactive (PTON) Expected to Announce Earnings on Thursday

Peloton Interactive (NASDAQ:PTON) is expected to post its quarterly earnings results before the market opens on Thursday, February 6th. Analysts expect Peloton Interactive to post earnings of ($0.20) per share and revenue of $653.28 million for the quarter. Parties that wish to register for the company’s conference call can do so using this link.

Peloton Interactive Trading Down 5.5 %

Peloton Interactive stock opened at $7.32 on Tuesday. The firm has a market capitalization of $2.79 billion, a PE ratio of -6.84 and a beta of 1.95. Peloton Interactive has a 12-month low of $2.70 and a 12-month high of $10.90. The firm has a 50-day moving average price of $9.12 and a 200-day moving average price of $6.53.

Analysts Set New Price Targets

A number of research firms have weighed in on PTON. Telsey Advisory Group reiterated a “market perform” rating and issued a $11.00 target price on shares of Peloton Interactive in a research note on Monday. UBS Group raised Peloton Interactive from a “sell” rating to a “neutral” rating and increased their price target for the stock from $2.50 to $10.00 in a research report on Friday, December 6th. BMO Capital Markets lifted their price objective on Peloton Interactive from $6.50 to $8.50 and gave the company a “market perform” rating in a report on Monday, November 4th. Sanford C. Bernstein raised their target price on shares of Peloton Interactive from $4.25 to $6.50 and gave the company a “market perform” rating in a research report on Friday, November 1st. Finally, Robert W. Baird upped their price target on shares of Peloton Interactive from $4.75 to $8.00 and gave the stock a “neutral” rating in a research report on Friday, November 1st. Sixteen investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $7.10.

Insider Buying and Selling

In other Peloton Interactive news, CAO Saqib Baig sold 36,776 shares of Peloton Interactive stock in a transaction on Monday, November 18th. The shares were sold at an average price of $7.53, for a total transaction of $276,923.28. Following the sale, the chief accounting officer now owns 137,357 shares of the company’s stock, valued at $1,034,298.21. The trade was a 21.12 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Andrew S. Rendich sold 138,391 shares of the stock in a transaction dated Monday, November 18th. The shares were sold at an average price of $7.51, for a total transaction of $1,039,316.41. Following the completion of the sale, the insider now owns 287,973 shares of the company’s stock, valued at $2,162,677.23. This trade represents a 32.46 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 395,813 shares of company stock valued at $3,041,724. 1.34% of the stock is owned by corporate 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.