Stocks of Peloton Interactive Inc (NASDAQ:PTON) traded higher last session on Wall Street, down -2.90% to $8.70.
PTON stock price is now 1.21% away from the 50-day moving average and 71.52% away from the 200-day moving average. The market capitalization of the company currently stands at $3.22B.
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, Coddington Elizabeth F, Chief Financial Officer sold 36,820 shares of the company’s stock on Dec 16 ’24. The stock was sold for $371,495 at an average price of $10.09. Upon completion of the transaction, the Chief Financial Officer now directly owns 208,017 shares in the company, valued at $1.81 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Dec 16 ’24, Officer ELIZABETH F CODDINGTON bought 36,820 shares of the business’s stock. A total of $352,736 was incurred on buying the stock at an average price of $9.58. 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 $10.90. The fifty day moving average price for PTON is $8.596 and a two-hundred day moving average price translates $5.0724 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.
