Peloton Interactive Inc (NASDAQ:PTON) shares traded -5.00% lower at $9.50 on Wall Street last session.
PTON stock price is now 30.10% away from the 50-day moving average and 101.26% away from the 200-day moving average. The market capitalization of the company currently stands at $3.62B.
With the price target enhanced from $2.50 to $10, UBS Upgraded its rating from Sell to Neutral for Peloton Interactive Inc (NASDAQ: PTON). On November 04, 2024, BofA Securities Upgraded its previous ‘Underperform’ rating to ‘Buy’ on the stock increasing its target price from $3.75 to quote $9, while ‘Telsey Advisory Group’ rates the stock as ‘Market Perform’
In other news, Baig Saqib, Chief Accounting Officer sold 23,784 shares of the company’s stock on Dec 05 ’24. The stock was sold for $225,506 at an average price of $9.48. Upon completion of the transaction, the Chief Accounting Officer now directly owns 113,573 shares in the company, valued at $1.08 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Dec 05 ’24, Interim CEO and President Boone Karen sold 16,925 shares of the business’s stock. A total of $163,228 was realized by selling the stock at an average price of $9.64. This leaves the insider owning 228,217 shares of the company worth $2.17 million. A total of 10.84% 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 $10.59. The fifty day moving average price for PTON is $7.2054 and a two-hundred day moving average price translates $4.69555 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.
