Peloton Interactive Inc (NASDAQ:PTON) shares traded -7.26% lower at $4.34 on Wall Street last session.
PTON stock price is now 7.79% away from the 50-day moving average and 1.84% away from the 200-day moving average. The market capitalization of the company currently stands at $1.63B.
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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, Coddington Elizabeth F, Chief Financial Officer sold 36,819 shares of the company’s stock on Sep 16 ’24. The stock was sold for $174,408 at an average price of $4.74. Upon completion of the transaction, the Chief Financial Officer now directly owns 171,466 shares in the company, valued at $0.74 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Sep 16 ’24, Officer ELIZABETH F CODDINGTON bought 36,819 shares of the business’s stock. A total of $174,154 was incurred on buying the stock at an average price of $4.73. A total of 15.03% 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 $4.0406 and a two-hundred day moving average price translates $4.25375 for the stock.
The latest earnings results from Peloton Interactive Inc (NASDAQ: PTON) was released for 2024-06-30. 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.
