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Wednesday, February 8, 2023

Taking On Challenges And Growing? – Peloton Interactive Inc. (PTON)

After Hours

There is a slight risk associated with trading before and after the market open. Due to lower liquidity and higher volatility, extended-hours trading may result in wider spreads on particular security due to the release of critical financial information after regular trading hours. After-hours trades for Peloton Interactive Inc. (PTON) shows that investor sentiment remained intact, with the stock’s consolidated last price rising by $0.01, or 0.10%, to $9.81. The Peloton Interactive Inc. has recorded 356,314 volume in the after hours trading session. Most recently, Yahoo Finance reported about the stock as it publicized that Making Peloton History: Hosting Our First In-Person Adaptive Fitness Classes in Partnership With The Christopher and Dana Reeve Foundation.

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Stocks Info

This NASDAQ-listed company operates within the Leisure industry segment, falling under the Consumer Cyclical sector. At the end of the last regular session, the stock closed at $9.80 and fluctuated between $9.88 as its day high and $9.31 as its day low. The current market capitalization of Peloton Interactive Inc. is $3.21B. A total of 9.26 million shares were traded on the day, compared to an average of 13.04M shares.

Insider Activity

Insider trades can also provide insight into a stock’s future direction. During the recent three months, PTON has seen 4 BUY and 3 SELL insider trades, representing the acquisition of 70,488 and the disposition of 27,732 shares. Over the last 12 months, there were 33 BUYs and 12 SELLs from insiders. Insiders purchased 164,390 shares during that period but sold 63,277.

In the most recent transaction, Cotter Jennifer Cunningham sold 530 shares of PTON for 11.01 per share on Nov 18. After the transaction, the Chief Content Officer now owns 39,239 company shares. In a previous transaction on Nov 16, Cotter Jennifer Cunningham sold 15,332 shares at 11.12 per share. PTON shares that Chief Content Officer owns now total 39,769.

Among the insiders who sold shares, Cortese Thomas disposed of 11,445 shares on Nov 16 at a per-share price of $11.17. This resulted in the Chief Product Officer holding 18,719 shares of PTON after the transaction. In another insider transaction, RENDICH ANDREW S sold 11,870 shares at $11.10 per share on Nov 16. Company shares held by the Chief Supply Chain Officer now total 18,788.

Even though price targets are rarely accurate, they do tend to exert some kind of influence from time to time and are often considered important by markets. According to analysts who have offered 12-month price targets for PTON in the last 3 months, the mean price target is $12.58 with high estimates of $20.00 and low estimates of $5.00. In terms of 52-week highs and lows, PTON has a high of $40.35 and a low of $6.66.

As of this writing, PTON has an earnings estimate of -$0.65 per share for the current quarter. EPS was calculated based on a consensus of 23 estimates, with a high estimate of -$0.47 per share and a lower estimate of -$1.22. The company reported an EPS of -$2.27 in the last quarter, which was -173.50% lower than expectations of -$0.83.

Balance Sheet Annually/Quarterly

In a balance sheet, you can see what assets and liabilities the company has, as well as how much equity investors have invested. These figures can be used to calculate a company’s financial ratios to give investors a better idea of its prospects.

Analysts Opinion

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. Currently, 31 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for PTON is Sell with a score of 3.86. A total of 11 analysts rated the stock as Buy while 3 rated it as Overweight while 15 rated it as Hold. Among the other participants, 0 thought the stock was Underweight and 2 thought it should be Sold.

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