Peloton Interactive (NASDAQ:PTON) Trading 7.3% Higher After Strong Earnings

Peloton Interactive, Inc. (NASDAQ:PTON)’s share price shot up 7.3% on Friday following a better than expected earnings announcement. The company traded as high as $7.29 and last traded at $7.1990. 3,803,805 shares were traded during trading, a decline of 72% from the average session volume of 13,744,750 shares. The stock had previously closed at $6.71.

The company reported $0.03 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.01 by $0.02. The firm had revenue of $550.80 million for the quarter, compared to the consensus estimate of $540.61 million. The business’s revenue for the quarter was down 6.0% compared to the same quarter last year. Peloton Interactive has set its Q2 2026 guidance at EPS. FY 2026 guidance at EPS.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on PTON. The Goldman Sachs Group reissued a “buy” rating and issued a $11.50 price target on shares of Peloton Interactive in a report on Thursday, October 2nd. Telsey Advisory Group reiterated a “market perform” rating and set a $9.00 target price on shares of Peloton Interactive in a research report on Monday. Morgan Stanley raised their price target on Peloton Interactive from $4.00 to $5.75 and gave the stock an “equal weight” rating in a research report on Monday, August 4th. Needham & Company LLC restated a “hold” rating on shares of Peloton Interactive in a report on Thursday, August 7th. Finally, Zacks Research raised shares of Peloton Interactive from a “hold” rating to a “strong-buy” rating in a research report on Monday, October 6th. One investment analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, Peloton Interactive presently has a consensus rating of “Moderate Buy” and a consensus target price of $9.78.

Insider Activity

In other Peloton Interactive news, insider Dion C. Sanders sold 127,911 shares of the firm’s stock in a transaction on Tuesday, September 16th. The stock was sold at an average price of $7.78, for a total value of $995,147.58. Following the sale, the insider owned 110,753 shares of the company’s stock, valued at approximately $861,658.34. This trade represents a 53.59% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CFO Elizabeth F. Coddington sold 238,664 shares of the business’s stock in a transaction that occurred on Tuesday, September 16th. The stock was sold at an average price of $7.85, for a total transaction of $1,873,512.40. Following the completion of the transaction, the chief financial officer owned 346,535 shares in the company, valued at $2,720,299.75. This trade represents a 40.78% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 1,834,177 shares of company stock valued at $14,655,695 in the last three months. Company insiders own 1.30% of the company’s stock.

Hedge Funds Weigh In On Peloton Interactive

Hedge funds have recently made changes to their positions in the business. Bessemer Group Inc. grew its holdings in shares of Peloton Interactive by 1,602.6% during the 2nd quarter. Bessemer Group Inc. now owns 5,312 shares of the company’s stock worth $37,000 after acquiring an additional 5,000 shares during the period. MAI Capital Management increased its stake in shares of Peloton Interactive by 64.6% in the second quarter. MAI Capital Management now owns 5,498 shares of the company’s stock worth $38,000 after purchasing an additional 2,158 shares in the last quarter. Nisa Investment Advisors LLC grew its position in shares of Peloton Interactive by 40.2% during the first quarter. Nisa Investment Advisors LLC now owns 6,503 shares of the company’s stock worth $41,000 after purchasing an additional 1,864 shares in the last quarter. Abel Hall LLC bought a new stake in Peloton Interactive in the 1st quarter valued at $64,000. Finally, AE Wealth Management LLC bought a new stake in Peloton Interactive in the first quarter worth $65,000. 77.01% of the stock is owned by hedge funds and other institutional investors.

Peloton Interactive Stock Up 3.7%

The firm has a market capitalization of $2.84 billion, a PE ratio of -22.59, a price-to-earnings-growth ratio of 2.44 and a beta of 2.33. The company’s 50-day simple moving average is $7.80 and its 200 day simple moving average is $7.22.

Peloton Interactive Company Profile

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.