The stock of Peloton Interactive Inc (NASDAQ:PTON) last traded at $4.30, down -3.37% from the previous session.
Data from the available sources indicates that Peloton Interactive Inc (NASDAQ:PTON) is covered by 25 analysts. 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 $4.00, we find $7.00. Given the previous closing price of $4.45, this indicates a potential upside of 57.3 percent. PTON stock price is now -19.65% away from the 50-day moving average and -51.19% away from the 200-day moving average. The market capitalization of the company currently stands at $1.54B.
In total, 14 analysts have assigned it a hold rating, and 6 have given it a buy rating. Brokers who have rated the stock have averaged $7.59 as their price target over the next twelve months.
With the price target reduced from $6.50 to $4.15, BofA Securities Downgraded its rating from Neutral to Underperform for Peloton Interactive Inc (NASDAQ: PTON).
In other news, Coddington Elizabeth F, Chief Financial Officer sold 10,215 shares of the company’s stock on Sep 14. The stock was sold for $52,323 at an average price of $5.12. Upon completion of the transaction, the Chief Financial Officer now directly owns 32,441 shares in the company, valued at $0.14 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Aug 18, Chief Content Officer Cotter Jennifer Cunningham sold 19,462 shares of the business’s stock. A total of $135,847 was realized by selling the stock at an average price of $6.98. This leaves the insider owning 44,868 shares of the company worth $0.19 million. Insiders disposed of 544,079 shares of company stock worth roughly $2.34 million over the past 1 year. A total of 13.60% 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 $9,406,000. SQUAREPOINT OPS LLC invested $4,990,000 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 $4,520,000. TB ALTERNATIVE ASSETS LTD. acquired a new stake in PTON for approximately $3,329,000. CENTERBOOK PARTNERS LP purchased a new stake in PTON valued at around $2,461,000 in the second quarter. In total, there are 512 active investors with 75.50% ownership of the company’s stock.
With an opening price of $4.4900 on Friday morning, Peloton Interactive Inc (NASDAQ: PTON) set off the trading day. During the past 12 months, Peloton Interactive Inc has had a low of $4.30 and a high of $17.83. The fifty day moving average price for PTON is $5.2998 and a two-hundred day moving average price translates $8.7773 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 net profit margin was -45.05% and return on equity was -847.28% for PTON. 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 $591M 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, Peloton Tread+, Peloton Guide, and Peloton Row names. 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.
