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Tag: Peloton Interactive Inc.

  • Interest from Amazon & Nike: Peloton Interactive Inc. (PTON) Surges After Hours

    Interest from Amazon & Nike: Peloton Interactive Inc. (PTON) Surges After Hours

    On February 04, reports about interests from potential suitors like Amazon.com Inc. and Nike Inc. emerged for Peloton Interactive Inc. (PTON). Following the chatter in the market, PTON stock surged in the after-hours on Friday to add 26.42%. Hence, the stock was trading at $31.10 at an after-hours volume of 9.75 million.

    The stock had added 1.44% during the regular session, at its closing price of $24.60 per share.

    The at-home fitness platform operator for live and on-demand indoor cycling classes, Peloton Interactive Inc. was founded in 2012. Currently, its 301.35 million outstanding shares trade at a market capitalization of $8.12 billion. PTON stock has lost 31.21% year to date while losing a huge 83.41% last year.

    What is happening with PTON?

    The company has been facing some serious headwinds and hence, has been reported to receive interest from outsiders. On Friday, The Wall Street Journal reported about the interest of the e-commerce giant Amazon, in the company. According to the report, Amazon is exploring an offer and discussing it with advisors. While PTON has not yet decided upon the possibility of a sale, activist investor Blackwells Capital has urged the board for selling the company.

    In addition, another report in the Financial Times claimed a potential bid interest from Nike in the company as well. According to the report, the sportswear company Nike is also assessing a possible bid but has not yet talked with the company.

    What happened before?

    During the peak Covid-19 pandemic days, the company’s sales saw a huge upsurge as everything went online and home-based. But with the increase of vaccination and opening of many businesses including gyms, PTON suffered a downfall. Following the decline in demand, PTON reported halting its connected fitness bike production. The company was recently reported to be reviewing the size of its workforce for resetting productions levels.

    Last week, Blackwells Capital accused the company’s CEO John Foley of many things including hiring his wife as a key executive. Moreover, Blackwells also urged the company board to put it up for sale to buyers like Walt Disney Co., Apple Inc., Nike Inc., etc.

    PTON’s Preliminary Q2 Fiscal 2022 Results

    On January 20, the company provided its preliminary Q2 fiscal 2022 results. As per the report, PTON has revenue of $1.14 billion approx., with adjusted EBITDA between $(270) million and $(260) million. Additionally, the average net monthly connected fitness churn is 0.79% and ending connected fitness subscriptions 2.77 million approx.

    The company will declare the complete Q2 fiscal 2022 financials on Tuesday, February 08, 2022.

  • Peloton Interactive, Inc. (PTON) Stock Improving in the Aftermarket. Here’s why

    Peloton Interactive, Inc. (PTON) is an international platform for interactive fitness portfolios. The company utilizes tech-enabled fitness classes led by instructors for its customers globally. PTON has developed a pioneer subscription portfolio that impeccably combines the latest equipment, exclusive software, and global digital content. The company manufactures fitness bikes and treads for its customers.

    The price of PTON stock during the regular trading on January 20, 2022, was $24.2 with a sharp drop of 23.92%. At last check in the pre-market, the stock was up by 8.30% to $26.23 on Friday.

    PTON: Events and Happenings

    On January 20, 2022, PTON announced its preliminary second-quarter results for Fiscal 2022 ended December 31, 2021. Some of the key updates are as follows.

    Revenue

    Total Revenue was estimated to be $1.14 billion, compared to previous guidance of $1.1-$1.2 billion.

    Net Loss

    The company expects the net loss for the second quarter of 2022 to be approximately $0.42 million to $0.48 million.

    PTON: CEO Comments

    Speaking at the occasion, PTON CEO John Foley said that the company is taking much-needed corrective actions for its profitability enhancement and costs optimization. He further added that the company is focused on its gross margin developments and identification of reduction in its operating expenses.

    On November 16, 2021, PTON reported about the pricing of its underwritten public offering for 23,913,043 shares of the company’s common stock at a price offered to the public worth $46 per share. The company had also granted a 30-day option to acquire an additional 3,260,869 shares.  The gross proceeds from the offering were approximately $1.07 billion. The company intended to use the gross proceeds for corporate purposes. On September 22, 2021, PTON reported that the company’s Executive management participated in Goldman Sachs Communacopia Conference held on the same date.

    Conclusion

    PTON stock dipped sharply by 80% from the last six months period due to uncertainty associated with the pandemic and resultantly the economic progression slowed down. Today’s pre-market rising stock is the result of the company’s optimistic preliminary second-quarter results. The company’s revenue showed positive initial figures in the report. Although the law firms are taking action against the company, the investors are hopeful that the stock of PTON will rise again with great momentum.

  • Peloton (PTON) Added Nearly 400% In A Year

    Peloton Interactive Inc. (PTON), a wired home fitness equipment maker, is acquiring Precor. For the future of Peloton, this transaction is highly necessary as it will strengthen the supply chain and gain access to new markets.
    Closed exercise rooms also contributed to increased demand, including those generated by Peloton, for home sports equipment. The company reports strong demand, which stretches the waiting period to many weeks, for its treadmills and workout bikes. As a result, since they want to get the purchased goods as soon as possible, many prospective buyers also hesitate to buy. The location of Peloton’s production facilities in Taiwan and the related logistical problems are the reason for the delay in deliveries.
    Precor is a major producer of professional exercise products based in the United States with a large supply base. Therefore, Peloton gets the chance to establish simulators close to the main sector.
    The $420 million transactions are expected to end early this year. At the same time, the development of simulators is likely to commence at Precor’s plants.
    Precor will be getting access to new markets as a result of the merger with Peloton. In specific, Precor is now specialized in the manufacture of athletic facilities for gyms, hotels, apartment complexes, and campuses for students. Peloton should then reach these emerging markets quickly and expand distribution to new clients. Moreover, Precor will be used by Peloton to build new product ranges, not just treadmills and exercise bikes.
    Peloton Interactive, Inc. (PTON) was up +1.76% to $148.53 on Tuesday while its performance over the past 5 sessions not remained impressive as the company lost about -2.40 percent in the period. However, the company succeeded to add an impressive 400% value to its stock over the past year, bringing its market capitalization to more than $44 billion.

  • Analysts’ Optimism About Peloton (PTON) Stock After Precor Deal

    Analysts’ Optimism About Peloton (PTON) Stock After Precor Deal

    Peloton announced the acquisition of Precor, a maker of fitness equipment. The deal is priced at 420 million dollars. At the close of trade on Wednesday, the shares increased by 0.96 percent to $16276.

    With the acquisition of Precor, the construction of production facilities in the United States is expected. Precor expects a rise in research and development in the area of cardio and strength training with the support of a knowledgeable team. Until the end of 2021, the production of Peleton fitness products in the United States is scheduled.

    “By combining our talented and dedicated teams and supply chains with the incredibly capable Precor team and their decades of experience, we believe we can become leaders in the online fitness market in both scale and innovation,” said William Lynch, President of Peloton.

    Precor is currently a subsidiary of Amer Sports, the Finnish sporting goods company.

    At the beginning of November, Peloton presented its third quarter 2020 financial results. All of the key indicators for the company rose. This was facilitated by the pandemic, which closed gyms and forced people to work out at home because of it.

    Management has said, however, that it does not have time to satisfy the rising demand. That day, the stock was down 7 percent. Peloton will be able to solve its manufacturing problems and greatly grow if the purchase of Precor is successful. This has now been the reason for the rise of Peloton’s shares, which gained traction of abou 21% over the week.

    Peloton will earn approximately 58,000 square meters of manufacturing space in the United States as part of the contract. Precor sells commercial stationary bikes, elliptical machines, weight lifting equipment, and treadmills. Gyms, hotels, campuses, and other organizations buy equipment.

    So far, the business of Peloton has concentrated on sales to private clients, but the company plans to use the channels of Precor to develop corporate sales.

    On Tuesday, two of the analysts firms came raising their price targets for the Peloton’s stock. Telsey Advisory Group raised its target from $148 to $180 while JMP Securities raise it to $162 from previous target price of $145 for the PTON stock.

    Based on average of these two targets assigned to the stock this week, we can see a mid-term growth of about 6% in the coming weeks.

  • Pelaton Interactive Inc [NASDAQ: PTON] – Why Its Projected to Test $140 Soon

    Pelaton Interactive Inc [NASDAQ: PTON] – Why Its Projected to Test $140 Soon

    Peloton Interactive Inc [NASDAQ: PTON], a fitness and exercise equipment company had its shares rise after a bullish analyst increased his price. Peloton has seen its share price rise by 470% in the last year, raising the value of the company to $37.9 billion. COVID-19 pandemic played a significant role in its growth as gyms closed down forcing most people to workout at home. The bullish analysts are expecting this trend to continue even after the gyms reopen.

    According to FactSet, the mean price current target is about $116.33 even though the stock is mostly bought from Wall Street analysts.  A few bullish analysts have set their targets lower than the current level, but might be forced to evaluate their models to catch up or bring down their ratings.

    Some analysts that have raised their targets to include;

    Jonathan Komp, a Baird analyst that has raised his from $120 to $140. He expects Peloton momentum to continue.

    Truist analyst Youssef Squali on Wednesday raised his projection from $115 to $140 following a survey that interviewed about 1,500 consumers checking on their exercise habits. The survey painted a good picture of the future of the exercise equipment market.

    Out of 1,169 respondents that exercised at home, at least 54% bought a piece of equipment to work out at home. 40% of those who made such purchases said that they had no plans to buy the exercise equipment before the pandemic, while 23% of those planning to buy some sort of equipment is projecting to spend more than$1000. 19% of those planning to make such purchases named Peloton as their brand of choice. It was the highest-ranked. Out of those who name Peloton, 44% are from households making less than $75,000, discrediting the notion that Peloton is a brand for only a specific niche of affluent clientele. 32% of them were between 18 to 34 years. This data shows that the brand is not only for less affluent individuals but also is a choice for most young people.

    Following these developments, Peloton share price rose by 0.4% to a closed on a new high of $131.4 on Wednesday, while the S&P index went down by about 0.7%. The current excitement of the company’s stock and its run on Wall Street is pushing the bar high for the company’s earnings reports to come next month. It is currently trading at 9.61 times that the estimated price for the next 12 months. It must maintain its bullish run to cushion it on Wall Street

  • Here’s Why You Should Hold Peloton (NASDAQ: PTON) Stock In Your Portfolio

    Here’s Why You Should Hold Peloton (NASDAQ: PTON) Stock In Your Portfolio

    Peloton Interactive Inc. (NASDAQ: PTON) has announced it has decided to expand its lineup and reduce the price of its core exercise bike by 16% this week. This move allows Peloton Interactive to resolve complaints about the changing sticker shock.

    The company has disclosed that it will reduce the price of its core bike by $350 to $1,895. It has also announced that it will be refunding the customers due to the reduction in the prices. Peloton Interactive will also introduce more premium options for customers.

    The new Bike+ of Peloton will cost $2,495 and also has a feature of a rotating tablet screen that will more easily allow people to engage in Peloton’s bike workouts and floor-based workouts. Peloton aimed to attract new customers by cutting the prices and launching new products. The company said that its main goal is to be the go-to-at-home solution for as many people as possible.

    Peloton Interactive has announced one more exciting news for its customers. It has disclosed that its new treadmill which is affordable will be available to customers in early 2021. Its existing treadmill which will be renamed Tread+ has a selling price of $4,295 but the new treadmill will have the selling of $2,495. Peloton has fulfilled its promise it has made earlier after announcing the new cheaper products and by reducing the prices.

    Peloton Interactive (NASDAQ: PTON) traded up 6.16% after gaining +4.97. It has a closing price of $85.60. In the past 52-weeks of training, this company has recorded the 52-weeks low and high range of $17.70 and $92.50, respectively. It has traded up 383.62% from its 52-weeks low and traded down -7.46% from its 52-weeks high. Looking at its liquidity, it has a current ratio of 3.30. Peloton Interactive market capitalization has remained high, hitting $24.74 billion at the time of writing.

    The company has also unveiled that it has decided to host the Virtual Investor and Analyst session on Tuesday, September 15, 2020. The company’s management will give presentations in the virtual session and will be webcast live and available over the internet.

  • Here’s What You Need To Know About Week Ahead: Peloton (PTON) & Slack Technologies (WORK) Earnings Ahead

    Here’s What You Need To Know About Week Ahead: Peloton (PTON) & Slack Technologies (WORK) Earnings Ahead

    Equity trading will be shortened in the US this week as the investors are celebrating the Labor Day Holiday which is traditionally celebrated on the first Monday of September. But this week is packed with important events to watch and keep the tabs on.

    Peloton (PTON) and Slack Technologies (WORK) are both scheduled to share their quarterly reports this week. Both the companies are considered to be the king in the pandemic since their products have been mostly utilized as customers started working from home.

    Slack Technologies has earlier reported the financial results for its fiscal quarter. It had reported the total revenue rose $201.7 million year-over-year. Almost 12,000 new paid customers were added in Slack and also added a record of over 90,000 net new organizations on either a free or paid subscription plan.

    Slack Technologies, Inc shares had tumbled down 6.17% on Friday as it lost -1.91. It had a 52-weeks low and high range of $15.10 and $40.07, respectively. Slack Technologies traded up 92.52% from its 52-weeks low and traded down -27.45% from its 52-weeks high. Its market capitalization has remained high, hitting 17.46 billion.

    Now if we look at Peloton (PTON), it will also share its quarter result later this week. If we look at the analysts’ rating, 23 rates the stocks as a buy 1 as a sell, and 2 as Hold. Peloton is one of the top picks along with SNAP, AMZN, and FB. Peloton Upcoming challenge is to meet the customers’ demands in a short period of time.

    Peloton Interactive shares traded down 2.01% as it lost -1.65 on Friday. Shares of PTON has fluctuated between the low of $17.70 and a high of $-12.83%. It has moved up to 355.54% from its 52-weeks low and moved down -12.83% from its 52-weeks low. Peloton Interactve Inc has a total market capitalization of $23.30 billion at the time of writing.

    Turning our focus on the earning calendar, Slack (WORK), Lululemon (LULU), and Coupa Software (COUP) scheduled to report financial results on Tuesday after market close. American Eagle Outfitters (AEO) will report the financial result before the market opens on Wednesday. Zscaler (ZS), GameStop (GME), RH (RH) expected to share quarter earnings after market close on Wednesday. On Thursday, Peloton (PTON), Chewy (CHWY), Dave and Buster’s (PLAY), Oracle (ORCL) are set to post their quarterly result after market close. Kroger (KR) will post the result on Friday before the market open.

     

  • Top Leisure Stocks For September 2020: PTON & SPWH On Top

    Top Leisure Stocks For September 2020: PTON & SPWH On Top

    It’s that time of the year again when there is a need to look at the leisure industry. The leisure industry is considered to be an industry that focuses on customer needs and create a trusted relationship with the customer. The leisure industry has experienced a shock as people preferred to remain indoors due to the coronavirus outbreak. What do you think will be going to happened during 2020 and beyond?

    The leisure industry is expected to gain a significant increase as time passes by. Consumer fundamentals are anticipated to continue to improve in the coming years, promising a more positive environment for the leisure sector.

    Here are the top 15 leisure industries which are striving to add new trends in the industry:

    Peloton Interactive Inc. (NASDAQ: PTON)

    Peloton Interactive Inc. (NASDAQ: PTON) shares were trading up 9.13% at $83.67 at the time of writing on Tuesday. Peloton Interactive Inc. (NASDAQ: PTON) share price went from a low point around $17.70 to briefly over $77.80 in the past 52 weeks, though shares have since pulled back to $83.67. PTON market cap has remained high, hitting $21.93B at the time of writing, giving it a price-to-sales ratio of more than 10.

    If we look at the recent analyst rating PTON, Goldman reiterated coverage on PTON shares with a Buy rating and a $63.83 price target, which implies room for -19.84% downside momentum this year. Peloton has disclosed the formation of Peloton Health and Advisory Council. The company aimed to work for the mental and well-being of the community from around the world.

    Sportsman’s Warehouse Holdings Inc. (NASDAQ: SPWH)

    Sportsman’s Warehouse Holdings Inc. (NASDAQ: SPWH) last closed at $17.51, in a 52-week range of $4.07 to $18.03. Analysts have a consensus price target of $15.70. Sportsman’s Warehouse Holdings Inc has entered into an agreement with The Outdoor Group LLC to sponsor the popular archery hunting show, ‘Respect the Game’ for one year starting December 28, 2020. The show airs on The Sportsman’s Channel, The Hunt Channel, YouTube, Instagram, and Facebook and reaches approximately 32 million homes. SPWH has traded up 330.22% from its 52-weeks low and traded down -2.88% from its 52-weeks high.

    Nautilus Inc. (NYSE: NLS)

    Nautilus Inc. (NYSE: NLS) stock soar by 16.88% to $13.85. The most recent rating by SunTrust, on April 23, 2020, is at a Buy. Nautilus Inc. has earlier launched the Bowflex VeloCore. Bowflex VeloCore is the industry’s first dual-mode bike that combines leaning technology with digital connectivity for a dynamic full-body workout and an immersive digital experience. Nautilus Inc has moved up 1054.71% and moved down -12.95% from its 52-weeks low and 52-weeks high, respectively.

    Carnival Corporation & plc (NYSE: CUK)

    Carnival Corporation & plc (NYSE: CUK) last closed at $13.91, in a 52-week range of $7.08 to $49.03. Carnival Corporation & Plc’s CCL Seabourn has stopped the cruise operations for three of its ships, namely, Seabourn Ovation, Seabourn Encore, and Seabourn Quest amid a coronavirus Pandemic. It has moved up 96.47% from its 52-weeks low and moved down -71.63% from its 52-weeks high. Focusing on its liquidity, it has a current ratio of 0.30. Carnival Corporation has a quick ratio of 0.20.

    Callaway Golf Company (NYSE: ELY)

    Callaway Golf Company (NYSE: ELY) Shares headed rising, higher as much as 2.16%. The most recent rating by Compass Point, on August 07, 2020, is at a Neutral. Callaway Golf Company disclosed that the Phil Mickelson performed well and won the Charles Schwab Series with Callaway Golf. Its stocks traded high 348.63% from its 52-weeks low and traded down -4.57% from its 52-weeks low. Looking at its profitability, its return on assets, return on equity, and return on investment is -7.00%, -18.70%, and 8.50%, respectively.

    Mattel Inc. (NASDAQ: MAT)

    Mattel Inc. (NASDAQ: MAT) Shares headed rising, higher as much as 3.77%. The most recent rating by Jefferies, on June 03, 2020, is at a Buy. Looking at its profitability, it has a return on assets of -4.80%, return on investment of -0.50%, and return on equity of -83.80%. It has traded up 70.75% from its 52-weeks low and has traded down -24.81% from its 52-weeks high.

    Drive Shack Inc. (NYSE: DS)

    Drive Shack Inc. (NYSE: DS) rose 3.60% after gaining more than $0.05 on Tuesday. It has a day low and high range of $1.32 and $1.46, respectively. This company’s stock has fluctuated between the low range of $0.86 and a high range of -70.06%. Turning our focus on its profitability, it has return on assets, returns on equity, and return on investment of -17.90%, 886.10%, and -91.50%.

    YETI Holdings Inc. (NYSE: YETI)

    YETI Holdings Inc. (NYSE: YETI) stock soar by 4.20% to $53.54 after YETI Holdings, Inc. Announces Participation in the Goldman Sachs 27th Annual Global Retailing Conference. The most recent rating by Berenberg, on August 17, 2020, is at a Hold. It has a 52-weeks low range of $15.28 and a 52-weeks high range of $55.04. YETI Holdings has moved up and down $250.39% and -2.73% from its 52-weeks low and high.

    Six Flags Entertainment Corporation (NYSE: SIX)

    Six Flags Entertainment Corporation (NYSE: SIX) fall -1.15% after losing more than -$0.25 on Tuesday. Six Flags Entertainment has a 52-weeks low and high range of $8.85 and $59.39. SIX has moved up 145.49% from its 52-weeks low and moved down -63.83% from its 52-weeks high. Turing our focus on its liquidity, it has a current ratio of 1.20. SIX market cap has remained high, hitting $1.71B at the time of writing.

    SeaWorld Entertainment Inc. (NYSE: SEAS)

    SeaWorld Entertainment Inc. (SEAS) last closed at $20.44, in a 52-week range of $6.75 to $36.96. Analysts have a consensus price target of $19.42. SEAS market cap has remained high, hitting $1.54B at the time of writing. It has a trading volume of 1.34 million as compared to the average volume of 2.21 million.

    Vista Outdoor Inc. (NYSE: VSTO)

    Vista Outdoor Inc. (VSTO) stock soar by 4.53% to $20.29. The most recent rating by Monness Crespi & Hardt, on August 06, 2020, is at a Buy. VSTO’s 52-weeks low and high range are $4.29-$22.60, etc. Looking at its profitability, it has a return on assets of -6.60%, return on equity of -18.40%, and return on investment of -12.10%.

    Planet Fitness Inc. (NYSE: PLNT)

    Planet Fitness Inc. (NYSE: PLNT) Shares headed rising, higher as much as 0.20%. The most recent rating by Raymond James, on June 04, 2020, is at an Mkt perform. Planet Fitness Inc’s market cap has remained high, hitting $5.04B at the time of writing. It had recorded the trading volume of 1.2 million and an average volume of 2.04 million.

    Town Sports International Holdings Inc. (NASDAQ: CLUB)

    Town Sports International Holdings Inc. (NASDAQ: CLUB) rose 0.20% after gaining more than $0.0 on Tuesday. It has a 52-weeks low and high range of $0.30-$3.00, respectively. CLUB has moved up 97.10% from its 52-weeks low and moved down -80.29% from its 52-weeks high.

    Funko Inc. (NASDAQ: FNKO)

    Funko Inc. (FNKO) last closed at $6.03, in a 52-week range of $3.12 to $27.89. Analysts have a consensus price target of $5.51. FNKO market cap has remained high, hitting $292.09 million at the time of writing. FNKO has traded up 93.27% from its 52-weeks low and traded down -78.38% from its 52-weeks high. It had a trading volume of 744.88K as compared to the average volume of 1.00 million.

    Brunswick Corporation (NYSE: BC)

    Brunswick Corporation (NYSE: BC) stock soar by 3.17% to $63.85. The most recent rating by B. Riley FBR, on June 08, 2020, is at a Buy. Looking at its profitability, it has a return on assets of 0.90%, return on equity of -2.40%, and return on investment of 4.10%. Focusing on its liquidity, it has a current ratio of 1.60.  Brunswick’s market cap has remained high, hitting $4.99B at the time of writing.