Peloton Interactive Inc (NASDAQ:PTON) shares traded -0.09% lower at $5.30 on Wall Street last session.
In accordance with the data, 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 $3.00, we find $6.00. Given the previous closing price of $5.31, this indicates a potential upside of 12.99 percent. PTON stock price is now 7.44% away from the 50-day moving average and -34.25% away from the 200-day moving average. The market capitalization of the company currently stands at $1.91B.
It has been rated a hold by 16 analysts and a buy by 5. Brokers who have rated the stock have averaged $7.24 as their price target over the next twelve months.
With the price target reduced from $13 to $4, Deutsche Bank Downgraded its rating from Buy to Hold for Peloton Interactive Inc (NASDAQ: PTON).
In other news, Cotter Jennifer Cunningham, Chief Content Officer sold 18,029 shares of the company’s stock on Nov 20. The stock was sold for $99,881 at an average price of $5.54. Upon completion of the transaction, the Chief Content Officer now directly owns 73,243 shares in the company, valued at $0.39 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Nov 16, Chief Content Officer Cotter Jennifer Cunningham sold 54,532 shares of the business’s stock. A total of $284,510 was realized by selling the stock at an average price of $5.22. This leaves the insider owning 91,272 shares of the company worth $0.48 million. Insiders disposed of 516,347 shares of company stock worth roughly $2.74 million over the past 1 year. A total of 13.20% of the company’s stock is owned by insiders.
Peloton Interactive Inc (NASDAQ: PTON) opened at $5.27 on Friday. 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 $4.94 and a two-hundred day moving average price translates $8.02 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 -$0.44, missing analysts’ expectations of -$0.35 by -0.09. 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 $734.73M 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.
