Q3 2024 EPS Estimates for Peloton Interactive, Inc. (NASDAQ:PTON) Cut by Analyst

Peloton Interactive, Inc. (NASDAQ:PTON) – Telsey Advisory Group reduced their Q3 2024 earnings per share estimates for Peloton Interactive in a research note issued on Monday, April 29th. Telsey Advisory Group analyst D. Telsey now expects that the company will post earnings of ($0.47) per share for the quarter, down from their prior forecast of ($0.38). Telsey Advisory Group currently has a “Market Perform” rating and a $4.00 price target on the stock. The consensus estimate for Peloton Interactive’s current full-year earnings is ($1.61) per share. Telsey Advisory Group also issued estimates for Peloton Interactive’s Q4 2024 earnings at ($0.29) EPS, FY2024 earnings at ($1.73) EPS and FY2025 earnings at ($1.56) EPS.

Peloton Interactive (NASDAQ:PTON) last released its quarterly earnings data on Thursday, May 2nd. The company reported ($0.45) EPS for the quarter, missing the consensus estimate of ($0.39) by ($0.06). The firm had revenue of $717.70 million for the quarter, compared to analyst estimates of $720.85 million. During the same quarter in the prior year, the business earned ($0.79) earnings per share. Peloton Interactive’s revenue was down 4.2% on a year-over-year basis.

Other analysts have also issued reports about the company. Sanford C. Bernstein lowered Peloton Interactive from an “outperform” rating to a “market perform” rating and dropped their target price for the stock from $8.00 to $3.80 in a report on Friday. Robert W. Baird decreased their target price on shares of Peloton Interactive from $5.00 to $3.50 and set a “neutral” rating for the company in a research note on Friday. Roth Mkm dropped their price target on shares of Peloton Interactive from $7.00 to $5.00 and set a “buy” rating on the stock in a research report on Friday. Bank of America decreased their price objective on shares of Peloton Interactive from $4.00 to $3.25 and set an “underperform” rating for the company in a research report on Monday, April 29th. Finally, JPMorgan Chase & Co. dropped their target price on Peloton Interactive from $8.00 to $7.00 and set an “overweight” rating on the stock in a research report on Friday. Three research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat, Peloton Interactive currently has a consensus rating of “Hold” and an average price target of $6.15.

Peloton Interactive Stock Performance

Shares of PTON opened at $3.43 on Thursday. The business’s 50-day moving average is $3.94 and its two-hundred day moving average is $4.88. The company has a market capitalization of $1.26 billion, a P/E ratio of -1.40 and a beta of 2.01. Peloton Interactive has a fifty-two week low of $2.70 and a fifty-two week high of $9.87.

Insider Transactions at Peloton Interactive

In related news, CFO Elizabeth F. Coddington sold 8,977 shares of the company’s stock in a transaction dated Thursday, March 14th. The shares were sold at an average price of $4.34, for a total value of $38,960.18. Following the completion of the sale, the chief financial officer now owns 104,428 shares of the company’s stock, valued at $453,217.52. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 3.28% of the company’s stock.

Institutional Investors Weigh In On Peloton Interactive

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Johnson & White Wealth Management LLC acquired a new stake in shares of Peloton Interactive during the 1st quarter worth about $43,000. Abundance Wealth Counselors purchased a new position in Peloton Interactive during the first quarter worth about $46,000. Rakuten Securities Inc. acquired a new stake in shares of Peloton Interactive during the fourth quarter valued at about $47,000. Carl P. Sherr & Co. LLC acquired a new position in shares of Peloton Interactive in the 3rd quarter worth approximately $55,000. Finally, Clear Harbor Asset Management LLC purchased a new position in shares of Peloton Interactive during the 4th quarter worth approximately $78,000. Hedge funds and other institutional investors own 77.01% of the company’s stock.

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.