Peloton (NASDAQ:PTON) had its price objective hoisted by Oppenheimer from $29.00 to $38.00 in a research report report published on Tuesday, BenzingaRatingsTable reports. The brokerage currently has an outperform rating on the stock. Oppenheimer also issued estimates for Peloton’s Q3 2020 earnings at ($0.20) EPS, Q4 2020 earnings at ($0.24) EPS, FY2020 earnings at ($1.18) EPS and FY2021 earnings at ($0.65) EPS.
PTON has been the subject of several other research reports. Evercore ISI began coverage on Peloton in a research note on Monday, October 21st. They set an outperform rating and a $30.00 price objective for the company. Sanford C. Bernstein started coverage on Peloton in a research note on Wednesday, October 23rd. They issued an outperform rating on the stock. JMP Securities raised their price target on Peloton from $34.00 to $38.00 and gave the company a market outperform rating in a report on Thursday, December 5th. MKM Partners started coverage on Peloton in a report on Monday, October 21st. They issued a neutral rating on the stock. Finally, UBS Group lifted their price target on Peloton from $29.00 to $38.00 and gave the company a positive rating in a research report on Tuesday. They noted that the move was a valuation call. Three investment analysts have rated the stock with a hold rating and twenty have issued a buy rating to the company. The stock has a consensus rating of Buy and an average target price of $33.84.
NASDAQ PTON traded down $0.10 on Tuesday, hitting $30.75. The stock had a trading volume of 7,811 shares, compared to its average volume of 5,607,153. The business has a 50-day moving average of $24.95. The company has a debt-to-equity ratio of 0.31, a current ratio of 5.34 and a quick ratio of 4.71. Peloton has a 52-week low of $20.46 and a 52-week high of $37.02.
Peloton (NASDAQ:PTON) last released its quarterly earnings results on Tuesday, November 5th. The company reported ($1.29) EPS for the quarter, missing analysts’ consensus estimates of ($0.40) by ($0.89). The firm 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% compared to the same quarter last year. On average, research analysts anticipate that Peloton will post -1.15 EPS for the current year.
In other Peloton news, Director Howard C. Draft purchased 68,965 shares of Peloton stock in a transaction on Thursday, September 26th. The shares were acquired at an average cost of $29.00 per share, for a total transaction of $1,999,985.00. Also, insider X Cycle L.P. Tcv purchased 1,724,137 shares of the firm’s stock in a transaction on Monday, September 30th. The shares were acquired at an average cost of $29.00 per share, for a total transaction of $49,999,973.00.
Several hedge funds have recently added to or reduced their stakes in the stock. Nomura Holdings Inc. bought a new stake in Peloton in the third quarter worth $571,000. Gilder Gagnon Howe & Co. LLC purchased a new stake in Peloton during the third quarter valued at about $79,603,000. Millennium Management LLC bought a new position in shares of Peloton during the third quarter valued at about $18,860,000. Soros Fund Management LLC bought a new position in shares of Peloton during the third quarter valued at about $39,533,000. Finally, Canyon Capital Advisors LLC bought a new position in shares of Peloton during the third quarter valued at about $6,275,000. 21.46% of the stock is currently owned by institutional investors.
Peloton Company Profile
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.
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