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Is Peloton Interactive Stock a Buy?

TheMotleyFool

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Is Peloton Interactive Stock a Buy?: https://g.foolcdn.com/editorial/images/698418/peloton-bike-lifestyle-01.jpg

Peloton Interactive's (NASDAQ: PTON) stock plunged 18% on Aug. 25 following its fourth-quarter report. The connected fitness equipment maker's revenue fell 28% year over year to $679 million, missing analysts' expectations by $4 million. Its net loss nearly quadrupled from $313 million to $1.24 billion, or $3.68 per share, which also broadly missed the consensus forecast by $2.97.

Peloton's post-earnings drop erased its 20% gain from Aug. 24 in response to its decision to start selling its products on Amazon (NASDAQ: AMZN). The stock also remains more than 60% below its IPO price.

Image source: Getty Images.

Source Fool.com

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