Stocks of Peloton Interactive Inc (NASDAQ:PTON) traded higher last session on Wall Street, down -2.19% to $7.58.
PTON stock price is now 29.23% away from the 50-day moving average and 74.54% away from the 200-day moving average. The market capitalization of the company currently stands at $2.80B.
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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, ELIZABETH F CODDINGTON, Officer bought 67,781 shares of the company’s stock on Nov 18 ’24. The stock was bought for $512,838 at an average price of $7.57. An SEC document containing details of the transaction can be found on the SEC’s website. On Nov 18 ’24, Officer ELIZABETH F CODDINGTON bought 118,681 shares of the business’s stock. A total of $919,778 was incurred on buying the stock at an average price of $7.75. A total of 10.79% 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 $8.97. The fifty day moving average price for PTON is $5.802 and a two-hundred day moving average price translates $4.32625 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.
