The stock of Peloton Interactive Inc (NASDAQ:PTON) last traded at $2.99, down -5.08% from the previous session.
PTON stock price is now -19.69% away from the 50-day moving average and -39.85% away from the 200-day moving average. The market capitalization of the company currently stands at $1.11B.
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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, Cotter Jennifer Cunningham, Chief Content Officer sold 57,353 shares of the company’s stock on May 20 ’24. The stock was sold for $223,103 at an average price of $3.89. Upon completion of the transaction, the Chief Content Officer now directly owns 70,855 shares in the company, valued at $0.21 million. An SEC document containing details of the transaction can be found on the SEC’s website. On May 20 ’24, Chief Supply Chain Officer RENDICH ANDREW S sold 27,741 shares of the business’s stock. A total of $108,379 was realized by selling the stock at an average price of $3.91. This leaves the insider owning 113,288 shares of the company worth $0.34 million. A total of 11.51% 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. The fifty day moving average price for PTON is $3.7232 and a two-hundred day moving average price translates $4.9711 for the stock.
The latest earnings results from Peloton Interactive Inc (NASDAQ: PTON) was released for 2024-03-31. 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 $629.09M in revenue.
