In yesterday’s Wall Street session, Peloton Interactive Inc. (NASDAQ:PTON) shares traded at $6.99, down -0.43% from the previous session.
As of this writing, 26 analysts cover Peloton Interactive Inc. (NASDAQ:PTON). The consensus rating among analysts is ‘Hold’. As we calculate the median target price by taking the range between a high of $20.00 and a low of $4.50, we find $10.00. Given the previous closing price of $7.02, this indicates a potential upside of 42.45 percent. PTON stock price is now -16.47% away from the 50-day moving average and -29.94% away from the 200-day moving average. The market capitalization of the company currently stands at $2.44B.
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There are 13 analysts who have given it a hold rating, whereas 8 have given it a buy rating. Brokers who have rated the stock have averaged $11.36 as their price target over the next twelve months.
With the price target maintained at $6, Wolfe Research recently Downgraded its rating from Peer Perform to Underperform for Peloton Interactive Inc. (NASDAQ: PTON).
In other news, Cotter Jennifer Cunningham, Chief Content Officer sold 19,462 shares of the company’s stock on Aug 18. The stock was sold for $135,847 at an average price of $6.98. Upon completion of the transaction, the Chief Content Officer now directly owns 44,868 shares in the company, valued at $0.31 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Aug 18, Chief Product Officer Cortese Thomas sold 14,135 shares of the business’s stock. A total of $98,651 was realized by selling the stock at an average price of $6.98. This leaves the insider owning 14,251 shares of the company worth $99614.49. Insiders disposed of 435,601 shares of company stock worth roughly $3.04 million over the past 1 year. A total of 2.25% 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 ALYESKA INVESTMENT GROUP, L.P. during the first quarter worth $15,290,000. SQUAREPOINT OPS LLC invested $8,112,000 in shares of PTON during the first quarter. In the first quarter, MOORE CAPITAL MANAGEMENT, LP acquired a new stake in Peloton Interactive Inc. valued at approximately $7,348,000. CENTERBOOK PARTNERS LP acquired a new stake in PTON for approximately $4,001,000. CLEARLINE CAPITAL LP purchased a new stake in PTON valued at around $3,568,000 in the second quarter. In total, there are 512 active investors with 86.60% ownership of the company’s stock.
Tuesday morning saw Peloton Interactive Inc. (NASDAQ: PTON) opened at $7.13. During the past 12 months, Peloton Interactive Inc. has had a low of $6.62 and a high of $17.83. The fifty day moving average price for PTON is $8.34 and a two-hundred day moving average price translates $9.97 for the stock.
The latest earnings results from Peloton Interactive Inc. (NASDAQ: PTON) was released for Mar, 2023. According to the Leisure Company, earnings per share came in at -$0.79, missing analysts’ expectations of -$0.46 by -0.33. This compares to -$2.27 EPS in the same period last year. The company reported revenue of $748.9 million for the quarter, compared to $964.3 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -22.34 percent. For the current quarter, analysts expect PTON to generate $639.9M 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.
