The stock of Peloton Interactive Inc (NASDAQ:PTON) last traded at $4.19, down -0.48% from the previous session.
PTON stock price is now 8.11% away from the 50-day moving average and -19.83% away from the 200-day moving average. The market capitalization of the company currently stands at $1.54B.
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With the price target reduced from $8 to $4, Citigroup Downgraded its rating from Buy to Neutral for Peloton Interactive Inc (NASDAQ: PTON). On May 03, 2024, Bernstein Downgraded its previous ‘Outperform’ rating to ‘Mkt Perform’ on the stock reducing its target price from $8 to quote $3.80, while ‘Telsey Advisory Group’ rates the stock as ‘Market Perform’
In other news, Coddington Elizabeth F, Chief Financial Officer sold 8,977 shares of the company’s stock on Mar 14 ’24. The stock was sold for $38,975 at an average price of $4.34. Upon completion of the transaction, the Chief Financial Officer now directly owns 104,428 shares in the company, valued at $0.44 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Mar 07 ’24, Chief Content Officer Cotter Jennifer Cunningham sold 104,620 shares of the business’s stock. A total of $463,540 was realized by selling the stock at an average price of $4.43. This leaves the insider owning 32,363 shares of the company worth $0.14 million. A total of 11.50% 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 $9.87.
According to the Leisure Company, earnings per share came in at -0.68, missing analysts’ expectations of -0.4 by -0.28. This compares to -$0.79 EPS in the same period last year. The net profit margin was -28.28% and return on equity was -847.28% for PTON. The company reported revenue of $717.7 million for the quarter, compared to $748.9 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -4.17 percent. For the current quarter, analysts expect PTON to generate $630.28M in revenue.
