Peloton Pedals Back To Profit: Analysts Weigh In On Company's Growth Plan
Peloton Interactive Inc PTON shares rose in trading on Friday, after the company reported upbeat quarterly sales.
Peloton's subscriber weakness keeps analysts cautious despite earnings beat
Analysts at Bank of America have repeated their ‘Underperform' rating on exercise equipment company Peloton Interactive Inc (NASDAQ:PTON) as they wait for subscriber growth to inflect, despite it reporting a quarterly earnings beat. Peloton shares surged on Thursday after the company, known primarily for its stationary exercise bikes, reported fiscal fourth quarter earnings above estimates.
Peloton adds $95 activation fee for used equipment
In a shareholder letter released Thursday, Peloton outlined its ongoing strategy to regain its financial footing. It highlights the implementation of a new one-time “used equipment fee” of $95 USD / $126 CAD.
Here's why Peloton (PTON) stock is surging
In one of the biggest daily gains in 2024, Peloton (NASDAQ: PTON) stock added 35% to its value in a single trading session after the company announced surprise quarterly revenue growth for Q4.
Peloton brings in fee for second hand bikes
Peloton Interactive Inc (NASDAQ:PTON) is to start charging people who buy bikes second-hand so they can use them. Users will have to hand over a US$95 (£72) “activation fee” for access to its fitness platform.
After Peloton's Huge Stock Jump, Analysts Suggest Tempering the Excitement
J.P. Morgan analyst Doug Anmuth downgrades shares of Peloton to Neutral from Overweight.
Peloton Still Has No Future
24/7 Wall St. Insights Peloton Interactive Inc. (NASDAQ: PTON) shares surged after its earnings beat.
Peloton to charge sizable 'activation fee' for used equipment purchases
Some people who buy their Peloton exercise machines second hand will face a "used equipment activation fee," the fitness company announced.
Are Peloton's (PTON) Earnings the Start of a Turnaround?
The stock soared during the pandemic but fell heavily in recent years. Peloton (PTON) reported a beat on its fourth-quarter earnings, but also noted headwinds that include its search for a new CEO.
Peloton Confronts Subscription Declines Amid Strategic Shifts
Despite a solid financial footing and promising strategic innovations, Peloton's fourth-quarter results reported Thursday (Aug. 22) expose a troubling reality: a dramatic plunge in subscription numbers.
Peloton Shares Jump 36% In Biggest Daily Gain Ever—But Still Below 2021 Peak
Shares of Peloton swelled by more than 36% on Thursday, pacing the exercise machine company's largest single-day percentage gain since going public in 2019, after the company reported year-over-year revenue growth for the first time in two years—though Peloton's market cap is still well below an all-time high reached during the pandemic.
Peloton sales rise in latest quarter but will the turnaround plan continue?
Peloton Interactive, which suffered mounting losses when people returned to their old workout habits after the pandemic, reported a slight uptick in sales.
