The stock of Peloton Interactive Inc (NASDAQ:PTON) last traded at $5.48, down -6.16% from the previous session.
PTON stock price is now 21.51% away from the 50-day moving average and 31.20% away from the 200-day moving average. The market capitalization of the company currently stands at $2.06B.
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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, Bruzzo Chris, Interim Co-CEO and President sold 24,977 shares of the company’s stock on Oct 18 ’24. The stock was sold for $144,912 at an average price of $5.80. Upon completion of the transaction, the Interim Co-CEO and President now directly owns 149,240 shares in the company, valued at $0.82 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Oct 18 ’24, Interim Co-CEO and President Boone Karen sold 25,009 shares of the business’s stock. A total of $144,915 was realized by selling the stock at an average price of $5.79. This leaves the insider owning 193,297 shares of the company worth $1.06 million. 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 $4.5098 and a two-hundred day moving average price translates $4.1767 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.
