Truist Financial Cuts Peloton Interactive (NASDAQ:PTON) Price Target to $9.00

Peloton Interactive (NASDAQ:PTON) had its target price cut by Truist Financial from $12.00 to $9.00 in a report published on Friday,Benzinga reports. They currently have a buy rating on the stock.

A number of other analysts also recently issued reports on PTON. Citigroup cut their target price on Peloton Interactive from $9.50 to $8.25 and set a “neutral” rating for the company in a research note on Thursday, November 20th. Guggenheim began coverage on shares of Peloton Interactive in a research report on Wednesday, December 10th. They set a “neutral” rating for the company. Wall Street Zen raised shares of Peloton Interactive from a “hold” rating to a “buy” rating in a research note on Saturday, January 31st. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Peloton Interactive in a research report on Friday, January 9th. Finally, UBS Group reiterated a “buy” rating on shares of Peloton Interactive in a report on Tuesday, February 3rd. One investment analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $9.26.

Peloton Interactive Price Performance

PTON opened at $4.63 on Friday. The firm has a market capitalization of $1.93 billion, a price-to-earnings ratio of -35.62, a price-to-earnings-growth ratio of 0.82 and a beta of 2.41. The company’s 50 day simple moving average is $6.19 and its two-hundred day simple moving average is $7.09. Peloton Interactive has a 1-year low of $4.09 and a 1-year high of $10.25.

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

Insider Transactions at Peloton Interactive

In other news, COO Charles Peter Kirol sold 22,520 shares of Peloton Interactive stock in a transaction on Friday, January 16th. The stock was sold at an average price of $6.47, for a total value of $145,704.40. Following the completion of the sale, the chief operating officer directly owned 81,001 shares of the company’s stock, valued at approximately $524,076.47. The trade was a 21.75% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, insider Jennifer Cunningham Cotter sold 131,495 shares of the stock in a transaction dated Thursday, November 20th. The stock was sold at an average price of $6.64, for a total value of $873,126.80. Following the transaction, the insider directly owned 100,269 shares in the company, valued at approximately $665,786.16. The trade was a 56.74% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 1,107,129 shares of company stock worth $7,708,694 in the last three months. Company insiders own 1.30% of the company’s stock.

Institutional Trading of Peloton Interactive

Institutional investors and hedge funds have recently bought and sold shares of the business. Vident Advisory LLC boosted its stake in shares of Peloton Interactive by 1.1% in the second quarter. Vident Advisory LLC now owns 110,258 shares of the company’s stock valued at $765,000 after purchasing an additional 1,180 shares during the period. Cresset Asset Management LLC lifted its holdings in Peloton Interactive by 11.9% during the 3rd quarter. Cresset Asset Management LLC now owns 12,748 shares of the company’s stock worth $115,000 after buying an additional 1,354 shares in the last quarter. Kirr Marbach & Co. LLC IN lifted its holdings in Peloton Interactive by 0.3% during the 3rd quarter. Kirr Marbach & Co. LLC IN now owns 471,946 shares of the company’s stock worth $4,248,000 after buying an additional 1,464 shares in the last quarter. Vise Technologies Inc. boosted its position in Peloton Interactive by 10.3% in the 3rd quarter. Vise Technologies Inc. now owns 15,680 shares of the company’s stock valued at $141,000 after buying an additional 1,466 shares during the period. Finally, Principal Financial Group Inc. grew its stake in shares of Peloton Interactive by 6.0% in the third quarter. Principal Financial Group Inc. now owns 27,126 shares of the company’s stock worth $244,000 after acquiring an additional 1,526 shares in the last quarter. 77.01% of the stock is currently owned by hedge funds and other institutional investors.

Peloton Interactive News Summary

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

• Positive Sentiment: Truist kept a “buy” rating and cut its price target to $9, which still implies substantial upside from current levels — a signal that at least some analysts see recovery potential. Benzinga
• Positive Sentiment: Bull case: management’s cost cuts, subscription price increases and margin expansion are improving EBITDA and cash flow, which some investors view as de‑risking the turnaround despite soft top‑line trends. Seeking Alpha
• Positive Sentiment: Unusually large call‑option volume was noted (about 68,000 calls), indicating speculative bullish interest or hedging activity that can amplify intraday moves.
• Neutral Sentiment: Full Q2 earnings and conference call transcripts are available for detail review — useful for investors who want to parse management commentary on subscriptions, product cadence and delivery timing. Earnings Transcript (Yahoo)
• Negative Sentiment: Peloton reported Q2 revenue and EPS below expectations and issued revenue guidance below consensus, which prompted the initial sell‑off. Yahoo: Shares Tumble
• Negative Sentiment: CFO Liz Coddington is leaving for Palmetto, creating near‑term leadership uncertainty at a sensitive time for the turnaround. WSJ
• Negative Sentiment: Several firms trimmed price targets or ratings (JPMorgan lowered its PT to $6 and moved to neutral; Telsey cut to $6 and to market perform), reflecting reduced near‑term confidence among some analysts. Benzinga
• Negative Sentiment: Market reaction: steep intraday/near‑term selling followed the earnings print and weak outlook, amplified by commentary about declining subscription trends and slower equipment upgrades. Barron’s

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.