In yesterday’s Wall Street session, Peloton Interactive Inc (NASDAQ:PTON) shares traded at $4.48, down -3.86% from the previous session.
PTON stock price is now 25.06% away from the 50-day moving average and 2.73% away from the 200-day moving average. The market capitalization of the company currently stands at $1.69B.
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With the price target enhanced from $4 to $5, Telsey Advisory Group maintained Market Perform rating for Peloton Interactive Inc (NASDAQ: PTON). On August 23, 2024, JP Morgan Downgraded its previous ‘Overweight’ rating to ‘Neutral’ on the stock reducing its target price from $7 to quote $5, while ‘Wolfe Research’ rates the stock as ‘Peer Perform’
In other news, ELIZABETH F CODDINGTON, Officer bought 56,084 shares of the company’s stock on Sep 03 ’24. The stock was bought for $261,351 at an average price of $4.66. An SEC document containing details of the transaction can be found on the SEC’s website. On Aug 23 ’24, Chief Product Officer Caldwell Nick V. bought 31,337 shares of the business’s stock. A total of $133,182 was incurred on buying the stock at an average price of $4.25. This leaves the insider owning 31,337 shares of the company worth $0.14 million. A total of 15.19% 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 $7.24. The fifty day moving average price for PTON is $3.5998 and a two-hundred day moving average price translates $4.3576 for the stock.
The latest earnings results from Peloton Interactive Inc (NASDAQ: PTON) was released for 2024-06-30. The net profit margin was -20.44% and return on equity was -847.28% for PTON. The company reported revenue of $643.7 million for the quarter, compared to $642.1 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 0.25 percent.
