Despite Peloton Interactive Inc [PTON]’s great opportunity, the stock is a bit overvalued

The price of Peloton Interactive Inc (NASDAQ:PTON) shares last traded on Wall Street fell -3.65% to $5.02.

Based on available information, 26 analysts follow 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 $3.00, we find $6.50. Given the previous closing price of $5.21, this indicates a potential upside of 24.76 percent. PTON stock price is now -2.67% away from the 50-day moving average and -41.77% away from the 200-day moving average. The market capitalization of the company currently stands at $1.81B.

Among analysts, 15 rate the stock a hold while 6 rate it a buy. Brokers who have rated the stock have averaged $7.65 as their price target over the next twelve months.

With the price target maintained at $5, Canaccord Genuity recently Downgraded its rating from Buy to Hold 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 $0.16 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 $0.23 million. Insiders disposed of 544,079 shares of company stock worth roughly $2.73 million over the past 1 year. A total of 11.42% of the company’s stock is owned by insiders.

A candlestick chart of Peloton Interactive Inc (NASDAQ: PTON) showed a price of $5.20 on Monday morning. During the past 12 months, Peloton Interactive Inc has had a low of $4.28 and a high of $17.83. The fifty day moving average price for PTON is $5.16 and a two-hundred day moving average price translates $8.62 for the stock.

The latest earnings results from Peloton Interactive Inc (NASDAQ: PTON) was released for Sep, 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 -$1.21 EPS in the same period last year. The net profit margin was -36.43% and return on equity was -847.28% for PTON. The company reported revenue of $595.5 million for the quarter, compared to $616.5 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -3.41 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 Peloton Interactive, Inc. was founded in 2012 and is headquartered in New York, New York.

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