Peloton Interactive (NASDAQ:PTON) Posts Earnings Results, Beats Estimates By $0.02 EPS

Peloton Interactive (NASDAQ:PTON) announced its earnings results on Thursday. The company reported $0.03 earnings per share for the quarter, beating the consensus estimate of $0.01 by $0.02, Zacks reports. The firm had revenue of $550.80 million during the quarter, compared to analysts’ expectations of $540.61 million. The business’s revenue was down 6.0% compared to the same quarter last year. Peloton Interactive updated its Q2 2026 guidance to EPS and its FY 2026 guidance to EPS.

Peloton Interactive Stock Down 5.9%

Peloton Interactive stock traded down $0.42 during mid-day trading on Thursday, hitting $6.71. 20,539,158 shares of the company’s stock traded hands, compared to its average volume of 10,189,689. Peloton Interactive has a one year low of $4.63 and a one year high of $10.90. The firm has a 50 day moving average price of $7.80 and a 200 day moving average price of $7.22. The company has a market cap of $2.74 billion, a PE ratio of -21.64, a price-to-earnings-growth ratio of 2.44 and a beta of 2.33.

Insider Activity

In related news, COO Charles Peter Kirol sold 8,989 shares of the firm’s stock in a transaction dated Wednesday, October 22nd. The stock was sold at an average price of $8.00, for a total transaction of $71,912.00. Following the completion of the transaction, the chief operating officer owned 37,723 shares of the company’s stock, valued at $301,784. This trade represents a 19.24% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CFO Elizabeth F. Coddington sold 238,664 shares of the business’s stock in a transaction that occurred on Tuesday, September 16th. The stock was sold at an average price of $7.85, for a total transaction of $1,873,512.40. Following the completion of the sale, the chief financial officer owned 346,535 shares in the company, valued at $2,720,299.75. The trade was a 40.78% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 1,834,177 shares of company stock valued at $14,655,695 over the last 90 days. Corporate insiders own 1.30% of the company’s stock.

Institutional Investors Weigh In On Peloton Interactive

Several large investors have recently modified their holdings of PTON. Royal Bank of Canada raised its position in shares of Peloton Interactive by 342.6% during the first quarter. Royal Bank of Canada now owns 616,367 shares of the company’s stock worth $3,896,000 after purchasing an additional 477,106 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in shares of Peloton Interactive by 2.4% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 290,981 shares of the company’s stock valued at $1,839,000 after purchasing an additional 6,921 shares during the period. NewEdge Advisors LLC increased its stake in Peloton Interactive by 3,132.6% in the 1st quarter. NewEdge Advisors LLC now owns 15,549 shares of the company’s stock worth $98,000 after purchasing an additional 15,068 shares in the last quarter. Goldman Sachs Group Inc. raised its holdings in Peloton Interactive by 27.1% during the 1st quarter. Goldman Sachs Group Inc. now owns 7,056,642 shares of the company’s stock worth $44,598,000 after buying an additional 1,503,680 shares during the period. Finally, Caxton Associates LLP acquired a new stake in Peloton Interactive during the 1st quarter worth about $282,000. 77.01% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

PTON has been the topic of a number of recent analyst reports. Weiss Ratings reiterated a “sell (d-)” rating on shares of Peloton Interactive in a report on Tuesday, October 14th. Morgan Stanley increased their price target on Peloton Interactive from $4.00 to $5.75 and gave the company an “equal weight” rating in a report on Monday, August 4th. Wall Street Zen upgraded Peloton Interactive from a “hold” rating to a “buy” rating in a research note on Friday, October 3rd. Canaccord Genuity Group reiterated a “buy” rating and set a $10.00 target price on shares of Peloton Interactive in a research note on Thursday, October 2nd. Finally, Zacks Research raised shares of Peloton Interactive from a “hold” rating to a “strong-buy” rating in a research report on Monday, October 6th. One analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, six have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $9.78.

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.