The stock of Peloton Interactive Inc (NASDAQ:PTON) last traded at $3.23, up 0.62% from the previous session.
PTON stock price is now -7.05% away from the 50-day moving average and -26.40% away from the 200-day moving average. The market capitalization of the company currently stands at $1.20B.
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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, JENNIFER CUNNINGHAM COTTER, Officer bought 47,327 shares of the company’s stock on Aug 19 ’24. The stock was bought for $151,920 at an average price of $3.21. An SEC document containing details of the transaction can be found on the SEC’s website. On Aug 19 ’24, Officer ANDREW RENDICH bought 24,265 shares of the business’s stock. A total of $77,891 was incurred on buying the stock at an average price of $3.21. A total of 15.26% 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 $7.49. The fifty day moving average price for PTON is $3.4648 and a two-hundred day moving average price translates $4.38095 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.
