In the last trading session, 12.63 million shares of the Peloton Interactive Inc (NASDAQ:PTON) were traded, and its beta was 1.94. Most recently the company’s share price was $8.74, and it changed around $0.17 or 1.98% from the last close, which brings the market valuation of the company to $3.41B. PTON currently trades at a discount to its 52-week high of $10.90, offering almost -24.71% off that amount. The share price’s 52-week low was $2.70, which indicates that the current value has risen by an impressive 69.11% since then. We note from Peloton Interactive Inc’s average daily trading volume that its 10-day average is 19.38 million shares, with the 3-month average coming to 13.41 million.
Peloton Interactive Inc stock received a consensus recommendation rating of Hold, based on a mean score of 2.68. If we narrow it down even further, the data shows that 0 out of 21 analysts rate the stock as a Sell; another 1 rate it as Overweight. Among the rest, 17 recommended PTON as a Hold, whereas 2 deemed it a Buy, and 1 rated it as Underweight. Peloton Interactive Inc is expected to report earnings per share of -0.07 for the current quarter.
Peloton Interactive Inc (NASDAQ:PTON) trade information
Instantly PTON has showed a green trend with a performance of 1.98% at the end of last trading. The performance over the last five days has remained in the green territory. The rise to weekly highs of 9.76 on recent trading dayincreased the stock’s daily price by 10.45%. The company’s shares are currently up 0.46% year-to-date, but still up 19.56% over the last five days. On the other hand, Peloton Interactive Inc (NASDAQ:PTON) is -1.35% down in the 30-day period. We can see from the shorts that 57.38 million shares have been sold at a short interest cover period of 5.02 day(s).
The consensus price target as assigned by Wall Street analysts is $4.83, which translates to bulls needing to decrease their stock price by -80.95% from its current value. Analyst projections state that PTON is forecast to be at a low of $3.25 and a high of $10.
Peloton Interactive Inc (PTON) estimates and forecasts
The year-over-year growth rate is expected to be -8.78%, down from the previous year.
Consensus estimates provided by 16 financial analysts predict the company will bring in an average of 620.39M in revenue for the current quarter. 16 analysts expect Peloton Interactive Inc to make 583.43M in revenue for the current ending quarter. The company’s sales for the same quarters a year ago were 717.7M and 643.6M respectively. Analysts predict that the company’s current quarter sales will drop, forecast at -13.56%. Forecasts for the next quarter put sales growth at -9.35%.
Looking at the company’s year-over-year earnings, the past five years showed a negative earnings growth rate of -11.89%. Peloton Interactive Inc earnings are expected to increase by 73.72% in 2025, but the outlook is positive 51.36% per year for the next five years.
PTON Dividends
Peloton Interactive Inc’s next quarterly earnings report is expected to be released in March.
Peloton Interactive Inc (NASDAQ:PTON)’s Major holders
Upon looking at major shareholders, it appears that insiders hold 0.80% of Peloton Interactive Inc shares, and 95.12% of them are in the hands of institutional investors. The stock currently has a share float of 95.88%. Peloton Interactive Inc stock is held by 488.0 institutions, with MORGAN STANLEY being the largest institutional investor. By 2024-06-30, it held 11.4654% of the shares, which is about 42.18 million shares worth $142.59 million.
VANGUARD GROUP INC, with 9.0349% or 33.24 million shares worth $112.36 million as of 2024-06-30, holds the second largest percentage of outstanding shares.
Vanguard Total Stock Market Index Fund and Hennessy Cornerstone Mid Cap 30 Fund were the top two Mutual Funds as of Sep 30, 2024. The former held 10.5 shares worth $91.78 million, making up 2.81% of all outstanding shares. On the other hand, Hennessy Cornerstone Mid Cap 30 Fund held roughly 9.8 shares worth around $85.65 million, which represents about 2.62% of the total shares outstanding.
