Stocks of Peloton Interactive Inc. (NASDAQ:PTON) traded higher last session on Wall Street, up 0.51% to $5.86.
According to the data, Peloton Interactive Inc. (NASDAQ:PTON) has 24 analysts covering its stock. The consensus rating among analysts is ‘Hold’. As we calculate the median target price by taking the range between a high of $13.00 and a low of $4.50, we find $7.75. Given the previous closing price of $5.83, this indicates a potential upside of 32.93 percent. PTON stock price is now -27.79% away from the 50-day moving average and -40.88% away from the 200-day moving average. The market capitalization of the company currently stands at $1.98B.
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A total of 15 analysts have issued a hold rating and 6 have given it a buy rating. Brokers who have rated the stock have averaged $8.33 as their price target over the next twelve months.
With the price target reduced from $10 to $6, Telsey Advisory Group maintained Market Perform rating 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 $0.26 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 $83510.86. Insiders disposed of 435,601 shares of company stock worth roughly $2.55 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 $12,819,000. SQUAREPOINT OPS LLC invested $6,800,000 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 $6,160,000. CENTERBOOK PARTNERS LP acquired a new stake in PTON for approximately $3,354,000. CLEARLINE CAPITAL LP purchased a new stake in PTON valued at around $2,991,000 in the second quarter. In total, there are 512 active investors with 86.60% ownership of the company’s stock.
Monday’s opening bell rang with an opening price of $5.87 for Peloton Interactive Inc. (NASDAQ: PTON). During the past 12 months, Peloton Interactive Inc. has had a low of $5.05 and a high of $17.83. The fifty day moving average price for PTON is $8.05 and a two-hundred day moving average price translates $9.89 for the stock.
The latest earnings results from Peloton Interactive Inc. (NASDAQ: PTON) was released for Jun, 2023. According to the Leisure Company, earnings per share came in at -$0.68, missing analysts’ expectations of -$0.38 by -0.3. This compares to -$3.87 EPS in the same period last year. The company reported revenue of $642.1 million for the quarter, compared to $678.7 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -5.39 percent. For the current quarter, analysts expect PTON to generate $595.08M in revenue.
