Peloton Interactive Inc (NASDAQ: PTON) Surprises Bears With Its Outlook.

In the last trading session, 15.68 million shares of the Peloton Interactive Inc (NASDAQ:PTON) were traded, and its beta was 2.03. Most recently the company’s share price was $3.94, and it changed around $0.17 or 4.51% from the last close, which brings the market valuation of the company to $1.46B. PTON currently trades at a discount to its 52-week high of $9.87, offering almost -150.51% off that amount. The share price’s 52-week low was $2.70, which indicates that the current value has risen by an impressive 31.47% since then. We note from Peloton Interactive Inc’s average daily trading volume that its 3-month average coming to 16.81 million.

Peloton Interactive Inc stock received a consensus recommendation rating of Underweight, based on a mean score of 2.95. If we narrow it down even further, the data shows that 0 out of 1 analysts rate the stock as a Sell; another 0 rate it as Overweight. Among the rest, 0 recommended PTON as a Hold, whereas 0 deemed it a Buy, and 1 rated it as Underweight. Peloton Interactive Inc is expected to report earnings per share of -0.17 for the current quarter.

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Peloton Interactive Inc (NASDAQ:PTON) trade information

Instantly PTON has showed a green trend with a performance of 4.51% at the end of last trading. The performance over the last five days has remained in the green territory. The company’s shares are currently down -35.30% year-to-date, but still up 10.99% over the last five days. On the other hand, Peloton Interactive Inc (NASDAQ:PTON) is 6.20% up in the 30-day period.

The consensus price target as assigned by Wall Street analysts is $25.34, which translates to bulls needing to increase their stock price by 84.45% from its current value. Analyst projections state that PTON is forecast to be at a low of $2.5 and a high of $170.

Peloton Interactive Inc (PTON) estimates and forecasts

Peloton Interactive Inc share prices are performing particularly well compared to other companies within the same industry. As is evident from the statistics, the company’s shares have fallen -32.42 percent over the past six months and at a 55.49% annual growth rate that is well above the industry average of -6.10%. The year-over-year growth rate is expected to be -4.10%, down from the previous year.

Consensus estimates provided by 17 financial analysts predict the company will bring in an average of 630.54M in revenue for the current quarter. 9 analysts expect Peloton Interactive Inc to make 610.46M in revenue for the current ending quarter. The company’s sales for the same quarters a year ago were 642.1M and 595.5M respectively. Analysts predict that the company’s current quarter sales will drop, forecast at -1.80%. Forecasts for the next quarter put sales growth at 2.50%.

Looking at the company’s year-over-year earnings, the past five years showed a negative earnings growth rate of -85.03%.

PTON Dividends

Peloton Interactive Inc’s next quarterly earnings report is expected to be released in August.

Peloton Interactive Inc (NASDAQ:PTON)’s Major holders

Upon looking at major shareholders, it appears that insiders hold 1.89% of Peloton Interactive Inc shares, and 82.52% of them are in the hands of institutional investors. The stock currently has a share float of 84.11% . Peloton Interactive Inc stock is held by 477 institutions, with Morgan Stanley being the largest institutional investor. By Mar 31, 2024 , it held 11.55% of the shares, which is about 40.76 shares worth $160.6 million.

Vanguard Group Inc , with 8.94% or 31.55 shares worth $124.33 million as of Mar 31, 2024 , holds the second largest percentage of outstanding shares.

Growth Fund Of America Inc and Vanguard Total Stock Market Index Fund were the top two Mutual Funds as of Mar 31, 2024 . The former held 18.26 shares worth $71.93 million, making up 5.17% of all outstanding shares. On the other hand, Vanguard Total Stock Market Index Fund held roughly 10.1 shares worth around $39.78 million, which represents about 2.86% of the total shares outstanding.