Peloton Interactive Inc (NASDAQ:PTON) shares traded 3.59% higher at $7.51 on Wall Street last session.
PTON stock price is now 45.24% away from the 50-day moving average and 78.29% away from the 200-day moving average. The market capitalization of the company currently stands at $2.44B.
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With the price target enhanced from $3.75 to $9, BofA Securities Upgraded its rating from Underperform to Buy for Peloton Interactive Inc (NASDAQ: PTON). On November 01, 2024, Telsey Advisory Group reiterated its ‘Market Perform’ rating on the stock by increasing its target price from $5 to quote $9, while ‘JP Morgan’ rates the stock as ‘Neutral’
In other news, Bruzzo Chris, Director sold 13,524 shares of the company’s stock on Nov 01 ’24. The stock was sold for $111,478 at an average price of $8.24. Upon completion of the transaction, the Director now directly owns 167,362 shares in the company, valued at $1.26 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Nov 01 ’24, Interim CEO and President Boone Karen sold 13,484 shares of the business’s stock. A total of $111,479 was realized by selling the stock at an average price of $8.27. This leaves the insider owning 211,459 shares of the company worth $1.59 million. A total of 13.73% 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 $8.92. The fifty day moving average price for PTON is $5.1172 and a two-hundred day moving average price translates $4.20255 for the stock.
The latest earnings results from Peloton Interactive Inc (NASDAQ: PTON) was released for 2024-09-30. The company reported revenue of $586.0 million for the quarter, compared to $595.5 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -1.6 percent.
