The stock of Peloton Interactive Inc (NASDAQ:PTON) last traded at $3.58, down -1.65% from the previous session.
PTON stock price is now 0.31% away from the 50-day moving average and -25.28% away from the 200-day moving average. The market capitalization of the company currently stands at $1.33B.
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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, Boone Karen, Interim Co-CEO and President sold 14,953 shares of the company’s stock on Jun 04 ’24. The stock was sold for $54,137 at an average price of $3.62. Upon completion of the transaction, the Interim Co-CEO and President now directly owns 79,305 shares in the company, valued at $0.28 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Jun 04 ’24, Interim Co-CEO and President Bruzzo Chris sold 14,936 shares of the business’s stock. A total of $54,131 was realized by selling the stock at an average price of $3.62. This leaves the insider owning 38,680 shares of the company worth $0.14 million. A total of 11.52% 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 $3.5691 and a two-hundred day moving average price translates $4.791 for the stock.
The latest earnings results from Peloton Interactive Inc (NASDAQ: PTON) was released for 2024-03-31. 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.
