Peloton Interactive (NASDAQ:PTON) Issues Quarterly Earnings Results, Beats Estimates By $0.02 EPS

Peloton Interactive (NASDAQ:PTON) released its earnings results on Thursday. The company reported $0.03 earnings per share for the quarter, topping the consensus estimate of $0.01 by $0.02, Zacks reports. The business had revenue of $550.80 million for the quarter, compared to analysts’ expectations of $540.61 million. The company’s revenue was down 6.0% compared to the same quarter last year. Peloton Interactive updated its Q2 2026 guidance to EPS and its FY 2026 guidance to EPS.

Peloton Interactive Stock Performance

Shares of NASDAQ:PTON traded down $0.42 during mid-day trading on Thursday, hitting $6.71. 20,539,158 shares of the company traded hands, compared to its average volume of 10,189,689. The firm has a market cap of $2.74 billion, a P/E ratio of -21.64, a PEG ratio of 2.44 and a beta of 2.33. Peloton Interactive has a 52-week low of $4.63 and a 52-week high of $10.90. The firm’s 50 day simple moving average is $7.80 and its 200 day simple moving average is $7.22.

Insider Buying and Selling at Peloton Interactive

In related news, CFO Elizabeth F. Coddington sold 238,664 shares of the firm’s stock in a transaction dated 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 sale, the chief financial officer directly owned 346,535 shares in the company, valued at approximately $2,720,299.75. This trade represents a 40.78% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Dion C. Sanders sold 110,753 shares of the firm’s stock in a transaction dated Thursday, September 18th. The shares were sold at an average price of $8.05, for a total value of $891,561.65. The SEC filing for this sale provides additional information. In the last quarter, insiders sold 1,834,177 shares of company stock worth $14,655,695. Insiders own 1.30% of the company’s stock.

Institutional Investors Weigh In On Peloton Interactive

Several hedge funds have recently modified their holdings of the stock. Goldman Sachs Group Inc. raised its holdings in shares of Peloton Interactive by 27.1% during the 1st quarter. Goldman Sachs Group Inc. now owns 7,056,642 shares of the company’s stock valued at $44,598,000 after buying an additional 1,503,680 shares during the period. Scopia Capital Management LP raised its holdings in shares of Peloton Interactive by 19.1% during the 2nd quarter. Scopia Capital Management LP now owns 4,358,181 shares of the company’s stock valued at $30,246,000 after buying an additional 697,865 shares during the period. PDT Partners LLC increased its holdings in Peloton Interactive by 23.5% during the 2nd quarter. PDT Partners LLC now owns 1,319,724 shares of the company’s stock worth $9,159,000 after purchasing an additional 250,779 shares during the last quarter. Shellback Capital LP increased its holdings in Peloton Interactive by 90.0% during the 2nd quarter. Shellback Capital LP now owns 950,000 shares of the company’s stock worth $6,593,000 after purchasing an additional 450,000 shares during the last quarter. Finally, Orion Porfolio Solutions LLC increased its holdings in Peloton Interactive by 6,414.4% during the 2nd quarter. Orion Porfolio Solutions LLC now owns 789,415 shares of the company’s stock worth $5,479,000 after purchasing an additional 777,297 shares during the last quarter. 77.01% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on PTON shares. Weiss Ratings reiterated a “sell (d-)” rating on shares of Peloton Interactive in a research report on Tuesday, October 14th. The Goldman Sachs Group reiterated a “buy” rating and set a $11.50 target price on shares of Peloton Interactive in a research report on Thursday, October 2nd. Wall Street Zen upgraded Peloton Interactive from a “hold” rating to a “buy” rating in a research report on Friday, October 3rd. Canaccord Genuity Group reiterated a “buy” rating and set a $10.00 target price on shares of Peloton Interactive in a research report on Thursday, October 2nd. Finally, Zacks Research upgraded Peloton Interactive from a “hold” rating to a “strong-buy” rating in a research report on Monday, October 6th. One research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $9.78.

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.