Q3 2024 EPS Estimates for Peloton Interactive, Inc. Reduced by Telsey Advisory Group (NASDAQ:PTON)

Peloton Interactive, Inc. (NASDAQ:PTON - Free Report) - Telsey Advisory Group cut their Q3 2024 earnings per share (EPS) estimates for Peloton Interactive in a report issued on Monday, April 29th. Telsey Advisory Group analyst D. Telsey now forecasts that the company will post earnings of ($0.47) per share for the quarter, down from their prior estimate of ($0.38). Telsey Advisory Group currently has a "Market Perform" rating and a $4.00 target price on the stock. The consensus estimate for Peloton Interactive's current full-year earnings is ($1.60) 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.

Other analysts have also issued reports about the stock. Bank of America decreased their price target on shares of Peloton Interactive from $4.00 to $3.25 and set an "underperform" rating on the stock in a research report on Monday. JPMorgan Chase & Co. cut their price target on Peloton Interactive from $9.00 to $8.00 and set an "overweight" rating for the company in a report on Friday, February 2nd. Morgan Stanley initiated coverage on Peloton Interactive in a report on Monday, March 11th. They set an "equal weight" rating and a $3.00 price objective on the stock. Truist Financial cut their target price on Peloton Interactive from $7.00 to $6.00 and set a "hold" rating for the company in a research note on Friday, February 2nd. Finally, The Goldman Sachs Group decreased their price target on shares of Peloton Interactive from $6.50 to $5.75 and set a "neutral" rating on the stock in a research note on Friday, February 2nd. Three investment analysts have rated the stock with a sell rating, twelve have given a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus target price of $7.40.

Peloton Interactive Price Performance

PTON stock traded down $0.09 on Thursday, reaching $3.13. 62,164,613 shares of the company were exchanged, compared to its average volume of 14,704,573. The firm has a market capitalization of $1.15 billion, a PE ratio of -1.28 and a beta of 2.02. Peloton Interactive has a 12 month low of $2.70 and a 12 month high of $9.87. The stock's fifty day moving average price is $3.94 and its 200 day moving average price is $4.88.

Peloton Interactive (NASDAQ:PTON - Get Free Report) last issued its quarterly earnings results on Thursday, February 1st. The company reported ($0.54) EPS for the quarter, topping the consensus estimate of ($0.55) by $0.01. The business had revenue of $743.60 million during the quarter, compared to the consensus estimate of $733.17 million. The business's quarterly revenue was down 6.2% on a year-over-year basis. During the same period in the prior year, the firm earned ($0.98) earnings per share.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. Raymond James Financial Services Advisors Inc. increased its position in Peloton Interactive by 6.4% in the 4th quarter. Raymond James Financial Services Advisors Inc. now owns 31,983 shares of the company's stock valued at $195,000 after acquiring an additional 1,921 shares in the last quarter. Principal Financial Group Inc. increased its holdings in shares of Peloton Interactive by 3.5% in the third quarter. Principal Financial Group Inc. now owns 91,109 shares of the company's stock valued at $460,000 after purchasing an additional 3,071 shares in the last quarter. Arizona State Retirement System raised its position in Peloton Interactive by 4.2% in the 3rd quarter. Arizona State Retirement System now owns 90,921 shares of the company's stock worth $459,000 after purchasing an additional 3,632 shares during the last quarter. M&T Bank Corp lifted its holdings in Peloton Interactive by 25.4% during the 3rd quarter. M&T Bank Corp now owns 18,002 shares of the company's stock worth $91,000 after buying an additional 3,643 shares in the last quarter. Finally, Private Advisor Group LLC boosted its position in Peloton Interactive by 11.5% in the 4th quarter. Private Advisor Group LLC now owns 37,373 shares of the company's stock valued at $228,000 after buying an additional 3,855 shares during the last quarter. 77.01% of the stock is owned by institutional investors.

Insider Activity

In related news, CFO Elizabeth F. Coddington sold 8,977 shares of the stock in a transaction that occurred on Thursday, March 14th. The stock was sold at an average price of $4.34, for a total transaction of $38,960.18. Following the sale, the chief financial officer now directly owns 104,428 shares in the company, valued at approximately $453,217.52. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 3.28% of the stock is currently 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.