Macquarie Has Lowered Expectations for Peloton Interactive (NASDAQ:PTON) Stock Price

Peloton Interactive (NASDAQ:PTON) had its price objective decreased by investment analysts at Macquarie from $12.00 to $6.00 in a research note issued to investors on Friday,Benzinga reports. The firm presently has an “outperform” rating on the stock. Macquarie’s target price would suggest a potential upside of 36.67% from the stock’s previous close.

PTON has been the topic of a number of other reports. Wall Street Zen raised Peloton Interactive from a “hold” rating to a “buy” rating in a report on Saturday, January 31st. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Peloton Interactive in a research report on Friday, January 9th. Truist Financial boosted their target price on shares of Peloton Interactive from $11.00 to $12.00 and gave the company a “buy” rating in a research note on Friday, November 7th. Citigroup lowered their price target on Peloton Interactive from $9.50 to $8.25 and set a “neutral” rating on the stock in a report on Thursday, November 20th. Finally, Morgan Stanley lifted their price objective on Peloton Interactive from $6.00 to $6.50 and gave the stock an “equal weight” rating in a report on Wednesday, November 19th. One research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, Peloton Interactive currently has an average rating of “Moderate Buy” and an average target price of $9.10.

Peloton Interactive Stock Performance

Shares of NASDAQ PTON opened at $4.39 on Friday. The firm’s 50 day moving average price is $6.24 and its 200-day moving average price is $7.09. Peloton Interactive has a 52-week low of $4.09 and a 52-week high of $10.25. The company has a market cap of $1.83 billion, a PE ratio of -15.68, a P/E/G ratio of 1.37 and a beta of 2.41.

Peloton Interactive (NASDAQ:PTON) last announced its quarterly earnings data on Thursday, February 5th. The company reported ($0.09) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.07) by ($0.02). The company had revenue of $656.50 million for the quarter, compared to the consensus estimate of $675.04 million. The firm’s revenue was down 2.5% compared to the same quarter last year. During the same period in the prior year, the firm posted ($0.24) EPS. On average, analysts forecast that Peloton Interactive will post -0.36 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, CAO Saqib Baig sold 10,000 shares of the business’s stock in a transaction that occurred on Tuesday, January 13th. The stock was sold at an average price of $6.87, for a total transaction of $68,700.00. Following the completion of the transaction, the chief accounting officer directly owned 170,665 shares in the company, valued at approximately $1,172,468.55. The trade was a 5.54% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Nick V. Caldwell sold 25,135 shares of the firm’s stock in a transaction that occurred on Tuesday, January 13th. The stock was sold at an average price of $7.00, for a total transaction of $175,945.00. Following the sale, the insider owned 739,085 shares in the company, valued at approximately $5,173,595. The trade was a 3.29% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders have sold 1,107,129 shares of company stock valued at $7,708,694. 1.30% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Peloton Interactive

Institutional investors have recently added to or reduced their stakes in the stock. Royal Bank of Canada lifted its holdings in shares of Peloton Interactive by 342.6% in the first quarter. Royal Bank of Canada now owns 616,367 shares of the company’s stock worth $3,896,000 after buying an additional 477,106 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in shares of Peloton Interactive by 2.4% during 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 last quarter. NewEdge Advisors LLC grew its position in shares of Peloton Interactive by 3,132.6% during the first quarter. NewEdge Advisors LLC now owns 15,549 shares of the company’s stock valued at $98,000 after purchasing an additional 15,068 shares in the last quarter. Goldman Sachs Group Inc. lifted its position in shares of Peloton Interactive by 27.1% in the first 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 in the last quarter. Finally, Caxton Associates LLP bought a new stake in Peloton Interactive in the first quarter worth $282,000. 77.01% of the stock is owned by hedge funds and other institutional investors.

Key Peloton Interactive News

Here are the key news stories impacting Peloton Interactive this week:

• Positive Sentiment: Management is showing margin progress, cost discipline and price increases that management and some analysts say should lift EBITDA and free cash flow over time; this is the main bullish case for recovery. Peloton: Price Increases Pave The Path To Profit Jump
• Positive Sentiment: Quarter showed improving profitability metrics and deleveraging even as top-line growth lags — a constructive signal for investors focused on cash flow and valuation at these levels. Peloton Misses Q2 Revenue as Equipment Sales Lag, Profitability Improves
• Neutral Sentiment: Telsey Advisory cut its price target from $8 to $6 and moved to “market perform” — the target is lower but still implies upside from current levels, reflecting mixed analyst views. Benzinga
• Negative Sentiment: Q2 results missed expectations: EPS of ($0.09) vs. ($0.07) expected and revenue $656.5M vs. ~$675M consensus. Management gave Q3 revenue guidance below Street estimates ($605M–$625M vs. ~$638M), prompting the sharp sell-off. Peloton shares tumble as revenue misses estimates, CFO departs
• Negative Sentiment: CFO Liz Coddington is leaving for Palmetto, creating near-term leadership and execution uncertainty during a critical turnaround phase; the departure amplified investor concern. Peloton CFO Coddington Leaving for Solar Energy Company Palmetto PALMETTO APPOINTS LIZ CODDINGTON AS CHIEF FINANCIAL OFFICER
• Negative Sentiment: Investor reaction has been swift: heavy post-earnings selling and negative headlines about slowing subscriptions and weak demand for new/price-hiked products. Expect continued volatility until top-line trends stabilize. Peloton posts weak holiday quarter after splashy product overhaul fails to land

Peloton Interactive Company Profile

Peloton Interactive, Inc operates a digital fitness platform that combines connected exercise equipment with live and on-demand workout classes. The company’s core products include stationary bikes (Peloton Bike and Bike+), treadmills (Peloton Tread and Tread+), and the Peloton Row. Each device integrates a touchscreen display that streams instructor-led cycling, running, strength, yoga, meditation and other fitness classes. Peloton generates recurring revenue through subscription plans, which grant users access to its growing library of workouts, performance tracking tools and community features.

Founded in 2012 by John Foley and headquartered in New York City, Peloton set out to deliver an immersive home-fitness experience by blending hardware, software and content.