(Reuters) -A number of private equity firms have been considering a buyout of Peloton as the connected fitness company looks to refinance its debt and return to growth after 13 straight quarters of losses, CNBC reported on Tuesday.

Shares of the fitness equipment maker rose 18.6% in premarket trading.

The New York-based company has had talks with at least one firm in recent months as it considers going private, the report said, citing people familiar with the matter.

Last week, Peloton CEO Barry McCarthy quit and the company announced job cuts to reduce costs after posting weak results.

A number of other private equity firms have been circling Peloton as an acquisition target, but it's unclear if they have held formal discussions, the report added.

Peloton did not immediately respond to a Reuters request for comment.

(Reporting by Kannaki Deka in Bengaluru; Editing by Shinjini Ganguli and Devika Syamnath)