Reassessing The Changing Outlook For Peloton Interactive Inc (PTON)

Currently, there are 338.75M common shares owned by the public and among those 324.13M shares have been available to trade.

Insiders at the company have transacted a total of 75 times over the past 12 months, according to data filed with the U.S. Securities and Exchange Commission (SEC). 54 of these insider trades were purchases, accounting for 916,887 shares. Insider sales of the common stock occurred on 21 occasions, with total insider shares sold totaling 485,717 shares.

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The company’s stock has a 5-day price change of -9.36% and -31.51% over the past three months. PTON shares are trading -30.05% year to date (YTD), with the 12-month market performance down to -69.26% lower. It has a 12-month low price of $3.96 and touched a high of $14.36 over the same period. PTON has an average intraday trading volume of 14.84 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by -4.98%, -19.70%, and -31.94% respectively.

Institutional ownership of Peloton Interactive Inc (NASDAQ: PTON) shares accounts for 74.36% of the company’s 338.75M shares outstanding.

It has a market capitalization of $1.56B and a beta (3y monthly) value of 1.97. The earnings-per-share (ttm) stands at -$2.45. Price movements for the stock have been influenced by the stock’s volatility, which stands at 6.17% over the week and 5.80% over the month.

Analysts forecast that Peloton Interactive Inc (PTON) will achieve an EPS of -$0.37 for the current quarter, -$0.21 for the next quarter and -$1.15 for 2025. The lowest estimate earnings-per-share for the quarter is -$0.44 while analysts give the company a high EPS estimate of -$0.25. Comparatively, EPS for the current quarter was -$0.79 a year ago. Earnings per share for the fiscal year are expected to increase by 58.79%, and 25.00% over the next financial year.

Looking at the support for the PTON, a number of firms have released research notes about the stock. Telsey Advisory Group stated their Market Perform rating for the stock in a research note on February 02, 2024, with the firm’s price target at $6-$5. Deutsche Bank coverage for the Peloton Interactive Inc (PTON) stock in a research note released on November 07, 2023 offered a Hold rating with a price target of $4. Canaccord Genuity was of a view on November 02, 2023 that the stock is Hold, while BofA Securities gave the stock Underperform rating on October 19, 2023, issuing a price target of $6.50- $4.15. UBS on their part issued Sell rating on September 25, 2023.

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