Peloton Interactive Inc (NASDAQ:PTON) shares traded 0.73% higher at $9.65 on Wall Street last session.
PTON stock price is now 50.67% away from the 50-day moving average and 115.39% away from the 200-day moving average. The market capitalization of the company currently stands at $3.68B.
With the price target enhanced from $3.75 to $9, BofA Securities Upgraded its rating from Underperform to Buy for Peloton Interactive Inc (NASDAQ: PTON). On November 01, 2024, Telsey Advisory Group reiterated its ‘Market Perform’ rating on the stock by increasing its target price from $5 to quote $9, while ‘JP Morgan’ rates the stock as ‘Neutral’
In other news, Thomas-Graham Pamela, Director sold 26,630 shares of the company’s stock on Nov 21 ’24. The stock was sold for $239,670 at an average price of $9.00. Upon completion of the transaction, the Director now directly owns 77,349 shares in the company, valued at $0.75 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Nov 21 ’24, Director PAMELA THOMAS-GRAHAM bought 26,630 shares of the business’s stock. A total of $222,627 was incurred on buying the stock at an average price of $8.36. A total of 10.81% of the company’s stock is owned by insiders.
During the past 12 months, Peloton Interactive Inc has had a low of $2.70 and a high of $9.88. The fifty day moving average price for PTON is $6.3038 and a two-hundred day moving average price translates $4.456 for the stock.
The latest earnings results from Peloton Interactive Inc (NASDAQ: PTON) was released for 2024-09-30. The company reported revenue of $586.0 million for the quarter, compared to $595.5 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -1.6 percent.
