|Bid||45.70 x 800|
|Ask||45.90 x 1800|
|Day's Range||44.41 - 46.88|
|52 Week Range||17.70 - 49.68|
|Beta (5Y Monthly)||N/A|
|PE Ratio (TTM)||N/A|
|Earnings Date||Aug. 03, 2020 - Aug. 13, 2020|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||51.68|
Interactive fitness is all the rage, and the shelter-in-place period during the COVID-19 pandemic has accelerated the adoption of connected fitness equipment. Peloton Interactive (NASDAQ: PTON) is quickly building a powerful brand in the market, effectively using marketing to build brand awareness. After three consecutive quarterly earnings reports showing robust revenue growth, the stock has nearly doubled in value.
The company behind the trendy connected-fitness gear has a lot more in common with the market darling of streaming-video services than you probably think.
The Zacks Analyst Blog Highlights: BJ's Wholesale Club, Perdoceo Education, DouYu International, Camping World and Peloton Interactive
New data suggests life is getting back to some form of normal after the worst of the COVID-19 pandemic.
Since announcing in March that they were extending for a short time the free trial of their digital subscription from 30 to 90 days, Peloton has been rolling out more support for TV screens, adding Android TV back in April and announcing today that they've launched an official Apple TV app. Shelter-in-place and the associated shutdowns of gyms across the country have led to a surge in sales of at-home gym equipment that have also benefited Peloton. Peloton's share price has been on a tear since shelter-in-place took hold, nearly doubling in value since early March.
(Bloomberg) -- Peloton Interactive Inc. climbed to near all-time highs after Evercore ISI analysts said that gym goers are unlikely to return to in-person fitness routines once economies begin to open.Shares of the interactive exercise company have rallied 71% this year and are up 170% from their March lows as nationwide stay-at-home orders forced people to alter their work-out routines. In May, the company reported third-quarter revenue jumped 66% and raised its outlook for full-year sales and connected-fitness subscribers.Early digital data from states including Texas, Georgia, Florida and Ohio that have begun to reopen gyms suggests people remain reluctant to return, even when they are allowed to, according to analysts led by Lee Horowitz. In states where gyms have opened, total unique desktop visits for popular boutique fitness studios such as Barry’s Bootcamp and SoulCycle are down 20% to 50% from pre-Covid-19 levels, they said.Shares of Peloton rose as much as 7.3% to $49.20 Tuesday in New York. In mid-May, the stock touched $49.68, the highest since the company went public in September.Peloton has been been able to capitalize on its unique position and recently hosted an All-Star Ride with professional athletes such as golfer Rory McIlroy and Minnesota Vikings tight end Kyle Rudolph to engage customers.Additionally, Peloton CEO John Foley recently said that bringing the price of its bike down is a big focus for the company in the coming years. Affordability presents an opportunity for Peloton to grow its scale, which should accelerate the mix shift of revenue and profit toward subscription, Rosenblatt analyst Bernie McTernan wrote last month.For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
Peloton Interactive's (PTON) business gains from the meteoric rise in demand for its products and services amid the stay-at-home requirement induced by COVID-19.
More than 1,500 stocks have at least doubled since bottoming out in the last two months. Let's look at a few that should keep moving higher.
The COVID-19 pandemic has had a huge impact on the health and well-being of millions of people. Roughly two months ago, when gyms across the nation were closing their doors, savvy investors knew a door had opened for Peloton's business. Peloton, the largest interactive fitness platform in the world, is trying to become a household name, and it's made substantial progress during COVID-19 as consumers have looked for ways to exercise from home.
On Friday, Needham analysts reiterated their buy rating — and $50 price target — on shares of Peloton following comments by the company’s CFO, Jill Woodworth. The firm’s argument was that Peloton has been a key beneficiary of COVID-19 and will continue to do so. The Final Round panel discusses.
Peloton Interactive, Inc. (PTON) today announced that the Company will be participating in the 48th Annual Cowen Virtual Technology, Media & Telecom Conference on Wednesday, May 27, 2020, at 2:45 PM ET. Attending for Peloton will be Jill Woodworth, Chief Financial Officer. Peloton makes fitness entertaining, approachable, effective, and convenient, while fostering social connections that encourage its Members to be the best versions of themselves.
George Foreman III, a former pro boxer who owns a chain of boxing gyms, expects boutique fitness classes will have to shrink to adjust to the new coronavirus normal.
(Bloomberg) -- With U.S. fitness enthusiasts relegated to working out at home during the coronavirus pandemic, Hydrow, which makes rowing machines that use streaming video classes, is in talks to raise new funds.The Cambridge, Massachusetts-based company is in discussions with investors including private equity firm L Catterton about raising at least $25 million, though the figure could be significantly increased to accommodate additional investors, according to people with knowledge of the matter. The company’s valuation hasn’t been finalized, but is slated to be more than $100 million in any deal, said the people, who asked not to be identified because the talks are private.Spokeswomen for Hydrow and L Catterton declined to comment.Hydrow, led by founder and Chief Executive Officer Bruce Smith, a former coach of the U.S. rowing team, has said its workout can burn up to 400 calories in 20 minutes. The company’s machine, sold through its website and Best Buy Co., uses an electromagnetic drag mechanism to simulate the resistance of rowing on water.The company’s machine is priced at $2,199, compared with Peloton Interactive Inc.’s $2,245 bike and $4,295 treadmill. Like Peloton, Hydrow also charges a monthly subscription fee for its video workouts, which feature coaches rowing on open water. Unlike Peloton, which warns customers that bike orders placed now are unlikely to arrive for seven weeks or longer, Hydrow’s says it’s shipping without delays.Hydrow’s sales quadrupled in April from January, Smith told the Boston Globe last week.Fundraising RoundHydrow last year expanded its first sizable private funding round -- initially led by L Catterton -- to $27 million. Other investors included Harvard alumni-backed The Yard Ventures; Rx3 Ventures, co-founded by Green Bay Packers quarterback Aaron Rogers; and Raptor Group, backed by the family office of former hedge fund investor Jim Pallotta. The company’s valuation was $75 million after that round of fundraising, according to data provider Pitchbook.L Catterton has previously backed other fitness-focused companies, including Peloton, Pure Barre, Flywheel Sports Inc., ClassPass and Tonal.With gyms and boutique studios closed to help slow the spread of the coronavirus, workout fans and elite athletes have turned to online and at-home alternatives. Companies including Peloton have benefited. Its shares reached a record earlier this month and have soared about 58% this year, compared with an 8.5% decline for the S&P 500 index.New York-based Peloton is developing its own rowing machine, people familiar with the matter told Bloomberg late last year. Hydrow has said rowing engages roughly 86% of the body’s muscles, almost double the amount used in cycling.(Updates with Peloton’s stock price in ninth paragraph, rowing workout details in last.)For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
Peloton (NASDAQ: PTON) has seen a massive surge in memberships for its interactive workouts, nearly double the year-ago period, while also experiencing the lowest level of customer churn in four years. Twitter and Square have told employees they can work from home forever if they want, instead of coming into the office, while Google parent Alphabet has said its employees will work from home until at least 2021. In a research note to clients, According to thefly.com, Anderson said the twin imperatives resulting from the pandemic are causing her to upgrade her outlook for Lululemon to buy from the previous neutral rating.
A video star, fitness guru, and restaurant chain that hit an all-time this week are among the stocks that the famous mutual fund investor would probably be buying if he didn't retire 30 years ago.
George Foreman III, founder of EverybodyFights, joined Yahoo Finance's Jen Rogers, Myles Udland, and Dan Roberts to discuss how EverybodyFights moved its classes to a digital platform in just 4 days and the future of the fitness industry.