The price of Peloton Interactive Inc (NASDAQ:PTON) shares last traded on Wall Street rose 4.50% to $3.02.
PTON stock price is now -14.26% away from the 50-day moving average and -31.63% away from the 200-day moving average. The market capitalization of the company currently stands at $1.12B.
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On May 06, 2024, Citigroup Downgraded its previous ‘Buy’ rating to ‘Neutral’ on the stock reducing its target price from $8 to quote $4, while ‘Bernstein’ rates the stock as ‘Mkt Perform’
In other news, KAREN BOONE, Officer bought 15,080 shares of the company’s stock on Aug 01 ’24. The stock was bought for $51,675 at an average price of $3.43. An SEC document containing details of the transaction can be found on the SEC’s website. On Aug 01 ’24, Officer CHRISTOPHER LOREN BRUZZO bought 15,113 shares of the business’s stock. A total of $51,674 was incurred on buying the stock at an average price of $3.42. A total of 11.39% 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 $7.79. The fifty day moving average price for PTON is $3.51 and a two-hundred day moving average price translates $4.409 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.
