Peloton Interactive Inc. (NASDAQ:PTON) shares traded -5.33% lower at $10.31 on Wall Street last session.
In accordance with the data, 30 analysts cover Peloton Interactive Inc. (NASDAQ:PTON). The consensus rating among analysts is ‘Overweight’. As we calculate the median target price by taking the range between a high of $20.00 and a low of $5.00, we find $13.00. Given the previous closing price of $10.89, this indicates a potential upside of 19.38 percent. PTON stock price is now 16.15% away from the 50-day moving average and -32.50% away from the 200-day moving average. The market capitalization of the company currently stands at $3.70B.
It has been rated a hold by 13 analysts and a buy by 12. Brokers who have rated the stock have averaged $12.72 as their price target over the next twelve months.
With the price target reduced from $19 to $16, BofA Securities maintained Buy rating for Peloton Interactive Inc. (NASDAQ: PTON). On October 28, 2022, Telsey Advisory Group reiterated its ‘Market Perform’ rating on the stock by increasing its target price from $11 to quote $9, while ‘Oppenheimer’ rates the stock as ‘Outperform’.
In other news, Cotter Jennifer Cunningham, Chief Content Officer sold 15,332 shares of the company’s stock on Nov 16. The stock was sold for $170,536 at an average price of $11.12. Upon completion of the transaction, the Chief Content Officer now directly owns 39,769 shares in the company, valued at $0.41 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Nov 16, Chief Product Officer Cortese Thomas sold 11,445 shares of the business’s stock. A total of $127,848 was realized by selling the stock at an average price of $11.17. This leaves the insider owning 18,719 shares of the company worth $0.19 million. Insiders disposed of 35,545 shares of company stock worth roughly $0.37 million over the past 1 year. A total of 0.91% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in PTON stock. A new stake in Peloton Interactive Inc. shares was purchased by EMINENCE CAPITAL, LP during the first quarter worth $47,669,000. CAMBER CAPITAL MANAGEMENT LP invested $30,930,000 in shares of PTON during the first quarter. In the first quarter, TWO SIGMA ADVISERS, LP acquired a new stake in Peloton Interactive Inc. valued at approximately $4,903,000. HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND acquired a new stake in PTON for approximately $3,735,000. SLATE PATH CAPITAL LP purchased a new stake in PTON valued at around $3,505,000 in the second quarter. In total, there are 641 active investors with 86.70% ownership of the company’s stock.
Peloton Interactive Inc. (NASDAQ: PTON) opened at $11.00 on Friday. During the past 12 months, Peloton Interactive Inc. has had a low of $6.66 and a high of $51.80. As of last week, the company has a debt-to-equity ratio of 6.51, a current ratio of 2.50, and a quick ratio of 1.40. The fifty day moving average price for PTON is $8.88 and a two-hundred day moving average price translates $15.20 for the stock.
The latest earnings results from Peloton Interactive Inc. (NASDAQ: PTON) was released for Jun, 2022. According to the Leisure Company, earnings per share came in at -$2.68, missing analysts’ expectations of -$0.72 by -1.96. This compares to -$1.25 EPS in the same period last year. The net profit margin was -84.30% and return on equity was -230.10% for PTON. The company reported revenue of $616.5 million for the quarter, compared to $805.2 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -23.44 percent. For the current quarter, analysts expect PTON to generate $650.08M in revenue.
Peloton Interactive Inc.(PTON) Company Profile
Peloton Interactive, Inc. operates interactive fitness platform in North America and internationally. The company offers connected fitness products with touchscreen that streams live and on-demand classes under the Peloton Bike, Peloton Bike+, Peloton Tread, and Peloton Tread+ names. It also provides connected fitness subscriptions for various household users, and access to various live and on-demand classes, as well as Peloton Digital app for connected fitness subscribers to provide access to its classes. As of June 30, 2022, it had approximately 6.9 million members. The company markets and sells its interactive fitness products directly through its retail showrooms and at onepeloton.com. Peloton Interactive, Inc. was founded in 2012 and is headquartered in New York, New York.