Peloton (NASDAQ:PTON) Shares Gap Down to $33.48

Peloton (NASDAQ:PTON)’s stock price gapped down prior to trading on Wednesday . The stock had previously closed at $31.05, but opened at $33.48. Peloton shares last traded at $31.66, with a volume of 5,712,922 shares changing hands.

Several equities analysts recently commented on the company. JPMorgan Chase & Co. initiated coverage on Peloton in a research note on Monday, October 21st. They issued an “overweight” rating and a $32.00 target price for the company. Evercore ISI assumed coverage on Peloton in a report on Monday, October 21st. They set an “outperform” rating and a $30.00 target price for the company. Cowen assumed coverage on shares of Peloton in a research report on Monday, October 21st. They set an “outperform” rating and a $34.00 target price for the company. KeyCorp reissued a “buy” rating and set a $45.00 target price (up previously from $32.00) on shares of Peloton in a research report on Monday. Finally, Oppenheimer began coverage on shares of Peloton in a report on Monday, October 21st. They issued an “outperform” rating and a $29.00 price target on the stock. Three research analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the company. The company has a consensus rating of “Buy” and an average price target of $32.28.

The company has a 50-day simple moving average of $23.23. The company has a current ratio of 5.34, a quick ratio of 4.71 and a debt-to-equity ratio of 0.31.

Peloton (NASDAQ:PTON) last released its quarterly earnings results on Tuesday, November 5th. The company reported ($1.29) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.40) by ($0.89). The company had revenue of $228.00 million for the quarter, compared to analyst estimates of $199.35 million. The firm’s revenue for the quarter was up 103.4% compared to the same quarter last year. Research analysts anticipate that Peloton will post -1.16 EPS for the current fiscal year.

In other Peloton news, insider X Cycle L.P. Tcv bought 1,724,137 shares of Peloton stock in a transaction dated Monday, September 30th. The stock was bought at an average cost of $29.00 per share, for a total transaction of $49,999,973.00. Also, Director Howard C. Draft bought 68,965 shares of Peloton stock in a transaction dated Thursday, September 26th. The shares were acquired at an average price of $29.00 per share, with a total value of $1,999,985.00.

Several large investors have recently modified their holdings of the stock. Sageworth Trust Co acquired a new stake in Peloton in the third quarter valued at $25,000. Flagship Harbor Advisors LLC bought a new stake in Peloton in the third quarter valued at about $26,000. St. Johns Investment Management Company LLC acquired a new stake in Peloton during the third quarter valued at approximately $35,000. FNY Investment Advisers LLC bought a new position in Peloton during the 3rd quarter worth approximately $112,000. Finally, Alpine Group USVI LLC bought a new position in Peloton during the 3rd quarter worth approximately $648,000. Institutional investors and hedge funds own 21.46% of the company’s stock.

Peloton Company Profile (NASDAQ:PTON)

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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