PTON - Peloton Interactive, Inc.

NasdaqGS - NasdaqGS Real Time Price. Currency in USD
24.69
+0.65 (+2.70%)
At close: 4:00PM EST
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Trade prices are not sourced from all markets
Previous Close24.04
Open24.32
Bid0.00 x 900
Ask0.00 x 900
Day's Range24.19 - 24.99
52 Week Range20.46 - 27.98
Volume2,374,760
Avg. Volume6,061,003
Market Cap6.926B
Beta (3Y Monthly)N/A
PE Ratio (TTM)N/A
EPS (TTM)-10.72
Earnings DateNov 5, 2019
Forward Dividend & YieldN/A (N/A)
Ex-Dividend DateN/A
1y Target Est31.47
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  • ACCESSWIRE

    FIRST FIRM TO INVESTIGATE: The Schall Law Firm Announces it is Investigating Claims Against Peloton Interactive, Inc. and Encourages Investors with Losses to Contact the Firm

    LOS ANGELES, CA / ACCESSWIRE / November 8, 2019 / The Schall Law Firm , a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of Peloton Interactive, ...

  • Business Wire

    PELOTON ALERT: Bragar Eagel & Squire, P.C. is Investigating Peloton Interactive, Inc. on Behalf of Stockholders and Encourages Investors to Contact the Firm

    Bragar Eagel & Squire, P.C., a nationally recognized shareholder law firm, is investigating potential claims against Peloton Interactive, Inc. on behalf of Peloton stockholders.

  • Planet Fitness Earnings Top As Stock Tries To Muscle Past Overhead Resistance
    Investor's Business Daily

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  • ACCESSWIRE

    IMPORTANT INVESTOR ALERT: The Schall Law Firm Announces it is Investigating Claims Against Peloton Interactive, Inc. and Encourages Investors with Losses to Contact the Firm

    LOS ANGELES, CA / ACCESSWIRE / November 7, 2019 / The Schall Law Firm , a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of Peloton Interactive, ...

  • Business Wire

    Shareholder Alert: Robbins LLP Reminds Investors It is Investigating Peloton Interactive, Inc. (PTON)

    Shareholder rights law firm Robbins LLP is investigating Peloton Interactive, Inc. for potential violations of federal securities laws pursuant to its September 2019 initial public offering .

  • Silicon Valley Is a Born-Again Believer in Profits
    Bloomberg

    Silicon Valley Is a Born-Again Believer in Profits

    (Bloomberg Opinion) -- Masayoshi Son, the founder of SoftBank Group Corp., has joined the new religion for technology investing.On Wednesday, Son disclosed SoftBank’s third-quarter investment losses from bets on WeWork, Uber Technologies Inc. and other stakes. He also talked about his fealty to corporate cash flow and putting appropriate guardrails on young companies. Son displayed something that seemed like humility — in actuality his typical bravado with some humble words mixed in. Son also said the strategy for SoftBank’s giant tech investment fund has not changed fundamentally, and he disputed the characterization of its recent financial rescue of WeWork as a bailout. It most definitely was a bailout.This was quite a change, at least in tone, for a man who wanted companies to be more “crazy” and more than anyone else is responsible for the recent hyperinflation of startup valuations and founders’ egos. And it shows the pressure Son is under to deliver financial returns for Vision Fund investors and get cash for another one. But Son’s pivot and the circumstances around it also call into question the very foundation of company-building in the last decade.Uber executives, for example, started their third-quarter earnings call this week by discussing the company’s efforts to balance revenue growth with a move toward profitability. If someone had told me at the beginning of the year that Uber would be talking about temperance, I don’t think I would have believed it. Temperance at Uber is relative, to be sure. This year, Uber has bled 25 cents in cash for each dollar of revenue.Contrast Uber’s tone with that of Peloton Interactive Inc., the maker of an indoor bicycle and virtual fitness classes, which has defiantly stuck with a strategy of pouring money into international expansion, heavy marketing to land new customers and other projects to grow faster. It could work, but it’s an approach that has fallen out of fashion. Investors don’t truly buy either company’s strategy. Peloton’s stock price has fallen 22% from its September initial public offering. Uber shares have declined 40% from their IPO price in May and hit a record low on Wednesday as restrictions lifted on the ability of private investors and employees to sell their shares. Most other highly valued startups haven’t done much better as public companies. I suspect share declines for Uber and rival Lyft Inc. would be worse if they hadn’t responded to stock investors’ sudden zeal for financial prudence from young companies. Still, investors’ and companies’ shift to worshiping at the altar of profits might not last. It was only a few years ago that investors started to become anxious about the vast sums of money flying into unprofitable startups. The bubble didn’t burst, but air deflated a bit from the balloon.Investments in startups pulled back for a while, and some young companies died or still haven’t recovered their valuation from those pre-2016 heady times. But then SoftBank unveiled its nearly $100 billion tech investment fund, and it was off to the races again at a speed that made the earlier mania seem sober.The latest turn against fast-growing but possibly unsustainable young companies isn’t only about the specific struggles of WeWork and Uber or SoftBank’s bazooka of startup cash. Stresses on those companies call into question the entire model of funneling oodles of cash into a company to help it grow very big very fast.Of the more than $23 billion in stock that Uber has sold during its lifetime, more than 90% traded at share prices higher than the current one. And for a good chunk of the rest, investors could have done nearly as well in a plain-vanilla equity index fund. This is the most successful company of the uber-unicorn era, and it’s been a poor investment for nearly everyone.This could all turn around, of course. As every young tech company with a sagging stock price likes to say, Facebook Inc.’s share price stumbled in its first 15 months as a public company before a rebound turned the company into one of the best stock investments of this decade.The problem with Uber and other growth companies is they couldn’t exist without the tidal wave of cash available for ambitious startups in the last decade. And yet it’s still not clear how much is a mirage.It’s possible that the natural state of Uber and other highflying unicorns is a healthy business whose economics don’t look fundamentally different from the incumbent industries they’re trying to bust up. That’s hardly the ambitious vision behind the Vision Fund.A version of this column originally appeared in Bloomberg’s Fully Charged technology newsletter. You can sign up here.To contact the author of this story: Shira Ovide at sovide@bloomberg.netTo contact the editor responsible for this story: Daniel Niemi at dniemi1@bloomberg.netThis column does not necessarily reflect the opinion of the editorial board or Bloomberg LP and its owners.Shira Ovide is a Bloomberg Opinion columnist covering technology. She previously was a reporter for the Wall Street Journal.For more articles like this, please visit us at bloomberg.com/opinion©2019 Bloomberg L.P.

  • As Peloton Cycles Ahead, Here's Another IPO Stock To Watch
    Investor's Business Daily

    As Peloton Cycles Ahead, Here's Another IPO Stock To Watch

    As Peloton tries to cycle into a new buy zone, here's another recent IPO that investors should keep an eye on: Arcosa, a leader in construction and energy.

  • Benzinga

    Sell-Side Likes Peloton's Winning First Quarter As Public Company

    Peloton Interactive Inc (NASDAQ: PTON ) saw stronger results than expected in nearly every metric in the connected fitness bike provider's first quarter as a public company , keeping sell-side analysts ...

  • For Peloton to succeed, it needs to turn loyalty into cash
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    For Peloton to succeed, it needs to turn loyalty into cash

    The first earnings report as a public company for Peloton, the internet-connected bike and treadmill exercise firm, was a rocky one. Peloton said it more than doubled its “connected fitness” subscribers year-over-year. The designation—which can refer to people, households, or commercial properties that pay for its exercise services —jumped from 277,000 users in the first quarter of its fiscal 2019 to 563,000 users in the first quarter of its fiscal 2020, the company said in its shareholder letter published Nov. 5.

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  • Peloton Interactive Sales Climb 103% Year Over Year, Topping Views
    Investor's Business Daily

    Peloton Interactive Sales Climb 103% Year Over Year, Topping Views

    Home fitness equipment maker Peloton Interactive on Tuesday beat Wall Street's sales target for its fiscal first quarter, but its loss was larger than expected. Peloton stock fell on the news.

  • Peloton Beat Takes Back Seat as Street Probes Where It’s Headed
    Bloomberg

    Peloton Beat Takes Back Seat as Street Probes Where It’s Headed

    (Bloomberg) -- Peloton Interactive Inc. was on the rise following a beat-and-raise quarter Tuesday morning, but shares pivoted during its first earnings call as a public company, falling as much as 9.6%. Analysts were broadly positive about its fiscal 2020 first quarter beat-and-raise, but questions about where its business was headed continued to be raised as the company provided details, including around its acquisition of a bike manufacturing partner.JPMorgan analyst Douglas Anmuth maintained his overweight rating and price target of $32, saying that while upside was expected, Peloton’s results “exceeded the bar.”Anmuth asked about acquiring its bicycle manufacturing partner Tonic Fitness Technology, to which Chief Executive Officer John Foley replied that while Apple doesn’t own Foxconn, Peloton wanted “a little bit more control” over its supply chain.Raymond James analyst Justin Patterson maintained his outperform rating and price target of $32, attributing Tuesday’s share price action to recent IPO performance around earnings.“That seems like more of a statement on market positioning around recent IPOs than Peloton’s fundamentals,” he said in response to emailed questions.Bloomberg Intelligence analyst Mandeep Singh said that while Peloton results beat, a good quarter was expected, and questions still remain about its path to profitability.“Peloton starting to lower prices on bikes and treadmills speaks to competition. If the subscription business doesn’t offset the hardware gross margin compression, profits will be weighed down. It all goes back to gross margins and [the company] could be making it more challenging by getting into the weeds with manufacturing.”Goldman Sachs analyst Heath Terry also reiterated his buy rating and maintained a price target of $37.Peloton’s outperformance was attributed to better-than-expected product sales with higher connected fitness subscriber net adds.DATAPTON has 19 buys, 1 hold, zero sells; average PT $31: Bloomberg dataShares are down 19% since its Sept. 25 IPO versus the Nasdaq Composite’s +4.6%To contact the reporter on this story: Crystal Kim in New York at ckim426@bloomberg.netTo contact the editors responsible for this story: Brad Olesen at bolesen3@bloomberg.net, Jennifer Bissell-LinskFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.

  • TheStreet.com

    Jim Cramer: Peloton Is 'Overly Hated'

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  • Peloton feels the burn as post-IPO results point to more losses
    Reuters

    Peloton feels the burn as post-IPO results point to more losses

    Known for its on-demand workout programs on exercise bikes which allow riders to join virtually with other participants, the company in September was the latest in a run of startups to receive a subdued reception from stock market investors this year. Peloton, which posted a bigger-than-expected quarterly loss, said it expects to report an adjusted loss of between $150 million and $170 million before interest, tax, depreciation and amortization for 2020. "We are within striking distance of profitability," Chief Executive John Foley said on a call with analysts on Tuesday.

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  • Why Has Peloton Stock Fallen More than 6% Today?
    Market Realist

    Why Has Peloton Stock Fallen More than 6% Today?

    Peloton shares are trading 6.5% lower in early market trading at the time of this writing. The company reported sales of $228 million and an EPS of -$1.29.

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  • Peloton Tumbles as Wall Street Seeks Signs of Path to Profit
    Bloomberg

    Peloton Tumbles as Wall Street Seeks Signs of Path to Profit

    (Bloomberg) -- Peloton Interactive Inc. tumbled after frustrating investors with a focus on growth rather than profitability.“For us, profitability is a managed outcome,” Chief Executive Officer John Foley said on a call with analysts. “I believe if we pulled back on growth, we could be profitable tomorrow, but that is not what the board and the leadership of Peloton believes we should do.”The stock sank following the call, after being up more than 7% in early trading when the earnings were published.Wall Street is increasingly looking for realistic paths to profitability over growth-at-all-costs. Investors have shunned other IPOs this year that hewed to that model, including Uber Technologies Inc., Lyft Inc. and Slack Technologies Inc., which have all dropped at least 15% since their IPOs.New York-based Peloton, which sells a stationary bike, a treadmill and a subscription-based app for live and on-demand classes, said its loss narrowed in the first quarter to $49.8 million, or $1.29 a share, from $54.5 million, or $2.18. That beat analysts’ prediction for a loss of $114 million. But earnings before interest, tax, depreciation and amortization aren’t expected to be positive until 2023.After pricing shares at $29 in September, Peloton has fallen as low as $21.08. The stock was trading at $22.78 at 10:47 a.m. in New York, down 7.4%.In an interview, Foley described the market rout after the IPO as a “perfect storm of being lopped into all kinds of buckets that were unfortunate and wrong.” While various factors, from fitness fads to an IPO hangover and the overall economic environment, conspired against them, Foley said he had no regrets on the timing of the stock listing. “We’re all playing for the long game,” he said in an interview.Sales will be $1.45 billion to $1.5 billion in the year ending in June, Peloton said Tuesday in a statement. Analysts, on average, projected $1.39 billion, according to data compiled by Bloomberg. First-quarter revenue more than doubled from a year earlier to $228 million, compared with estimates of $199.4 million.Founded in 2012, the company describes itself as the “largest interactive fitness platform” in the world. It added 52,000 connected fitness subscribers in the first quarter to almost 563,000, slower growth than what it had experienced in the previous quarters, though the three-month period ended Sept. 30 is historically slow heading into the holiday season, the company said. Peloton, in a presentation to investors, said the fiscal second and third quarters are the strongest for revenue and subscriber growth “when we benefit from holiday sales, New Year’s resolutions and colder weather.”Peloton also has an app that shares its exercise programming with users who don’t own the hardware, but are willing to pay a monthly subscription fee for classes, which include yoga, meditation and strength training.Foley said sales in Canada and the U.K. “are ahead of expectations” and also “dramatically further ahead than at the similar time in the U.S.” Peloton will launch in Germany on Nov. 20, giving it a presence in the three largest fitness markets in the world, according to the company. Germany will also mark the first non-English offering. Sales and marketing expenses for these new areas and a continued push in the U.S. is a key reason why the firm is still operating at a loss.Peloton quietly acquired a Silicon Valley engineering firm, Gossamer Engineering, earlier this year to help it ramp up in-house development of products, according to people familiar with the transaction.The company launched a 30-day in-home free trial in early September, which could help with New Year’s fitness goals looming, JPMorgan Chase analyst Doug Anmuth wrote in a recent note to investors. The company is also planning to open new studios in New York and London, which could boost the stock, according to MKM analyst Rohit Kulkarni. On the call, the firm said that this will impact member churn in the coming quarters, since users that decided to send the hardware back within the 30-days will be counted.(Updates with comments from analyst in fourth paragraph.)To contact the reporter on this story: Julie Verhage in New York at jverhage2@bloomberg.netTo contact the editors responsible for this story: Mark Milian at mmilian@bloomberg.net, Andrew Pollack, Molly SchuetzFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.

  • Peloton CEO on Profitability, Growth Opportunities and M&A
    Bloomberg

    Peloton CEO on Profitability, Growth Opportunities and M&A

    Nov.05 -- John Foley, Peloton Interactive Inc. chief executive officer, discusses the company's outlook and strategy after posting earnings with Bloomberg's Caroline Hyde and Romaine Bostick on "Bloomberg Markets: The Close."

  • Peloton plunges following latest earnings report
    Yahoo Finance Video

    Peloton plunges following latest earnings report

    Shares of Peloton fell after releasing its first quarterly financial results since going public. Despite surpassing analysts’ expectations for its quarterly revenue and fitness subscribers, Peloton is trading lower than its IPO price Tuesday, falling as much as 6%. Yahoo Finance’s Jen Rogers, Myles Udland and Brian Cheung discuss on The Final Round.

  • Peloton shares drop after first earnings report
    Reuters Videos

    Peloton shares drop after first earnings report

    Shares of Peloton dropped Tuesday despite the company reporting quarterly results that topped Wall Street expectations. In Peloton's first earnings report since going public, revenues grew to $228 million - beating out analysts estimates. But it was CEO John Foley's words in the earnings call that frustrated investors, saying that for now, the company would focus on growth over profit. Meanwhile, demand for the company's exercise bikes and on-demand workout programs spiked during the quarter, bringing along more subscribers for the ride. And that helped Peloton lose less money. But the company continues to trade below its $29 IPO price. Peloton listed in September - part of a wave of high-profile market debuts - like Uber and Lyft - which have since seen their shares take a hit as investors grow weary of profit-less companies.

  • Peloton reports first earnings results since IPO
    Yahoo Finance Video

    Peloton reports first earnings results since IPO

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