Peloton Interactive (PTON) Scheduled to Post Earnings on Thursday

Peloton Interactive (NASDAQ:PTON) will release its earnings data before the market opens on Thursday, August 22nd. Analysts expect Peloton Interactive to post earnings of ($0.18) per share for the quarter. Parties interested in participating in the company’s conference call can do so using this link.

Peloton Interactive Stock Performance

Shares of NASDAQ:PTON opened at $3.20 on Wednesday. The company has a market capitalization of $1.19 billion, a P/E ratio of -1.52 and a beta of 2.02. The company’s 50-day moving average is $3.45 and its 200 day moving average is $3.77. Peloton Interactive has a fifty-two week low of $2.70 and a fifty-two week high of $7.49.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on the stock. JMP Securities reaffirmed a “market perform” rating on shares of Peloton Interactive in a report on Tuesday, July 2nd. Macquarie reduced their price objective on shares of Peloton Interactive from $4.50 to $2.53 and set a “neutral” rating for the company in a research note on Friday, May 3rd. Citigroup downgraded Peloton Interactive from a “buy” rating to a “neutral” rating and dropped their target price for the stock from $8.00 to $4.00 in a research report on Monday, May 6th. Needham & Company LLC reiterated a “hold” rating on shares of Peloton Interactive in a research report on Friday, May 3rd. Finally, Bank of America dropped their price objective on Peloton Interactive from $4.00 to $3.25 and set an “underperform” rating on the stock in a report on Monday, April 29th. Two investment analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $5.09.

Insider Buying and Selling

In other Peloton Interactive news, CEO Karen Boone sold 14,841 shares of the business’s stock in a transaction dated Monday, July 1st. The shares were sold at an average price of $3.31, for a total value of $49,123.71. Following the transaction, the chief executive officer now owns 116,171 shares in the company, valued at $384,526.01. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, CEO Karen Boone sold 14,841 shares of Peloton Interactive stock in a transaction that occurred on Monday, July 1st. The stock was sold at an average price of $3.31, for a total value of $49,123.71. Following the sale, the chief executive officer now directly owns 116,171 shares in the company, valued at approximately $384,526.01. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CEO Chris Bruzzo sold 14,936 shares of the business’s stock in a transaction that occurred on Tuesday, June 4th. The shares were sold at an average price of $3.62, for a total value of $54,068.32. Following the transaction, the chief executive officer now directly owns 38,680 shares in the company, valued at $140,021.60. The disclosure for this sale can be found here. Insiders have sold a total of 53,813 shares of company stock valued at $187,715 over the last three months. 3.28% of the stock is owned by company insiders.

Peloton Interactive Company Profile

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.