Analysts Are Downgrading These 5 Stocks

4. Peloton Interactive, Inc. (NASDAQ:PTON)

Number of Hedge Fund Holders: 45

JMP Securities lowered its ratings for Peloton Interactive, Inc. (NASDAQ:PTON) from “Outperform” to “Market Perform” on Wednesday, February 1. The research firm believes PTON’s share price now reflects its full value.

The downgrade follows the company’s financial results for Q2. Peloton Interactive, Inc. (NASDAQ:PTON) reported a loss of 98 cents per share for the three months ended December 31, narrower than a loss of $1.39 per share in the year-ago period.

Revenue for the quarter dropped 30 percent on a year-over-year basis to $792.7 million. Analysts expected Peloton Interactive, Inc. (NASDAQ:PTON) to report a loss of 64 cents per share on revenue of $710 million.

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