Peloton Interactive Inc. [NASDAQ: PTON] slipped around -3.01 points on Tuesday, while shares priced at $108.50 at the close of the session, down -2.70%. The company report on September 14, 2021 that Peloton Interactive, Inc. Announces Participation in the Goldman Sachs Communacopia Conference.
Peloton Interactive, Inc. (Nasdaq: PTON) announced that the Company will be participating in the Goldman Sachs Communacopia Conference on Wednesday, September 22, 2021, at 12:25 PM ET. Attending for Peloton will be John Foley, Co-founder and Chief Executive Officer.
The audio portion of the presentation will be webcast live over the internet and can be accessed at https://investor.onepeloton.com.
Peloton Interactive Inc. stock is now -28.49% down from its year-to-date (YTD) trading value. PTON Stock saw the intraday high of $113.8844 and lowest of $107.82 per share. The company’s 52-week high price is 171.09, which means current price is +34.82% above from all time high which was touched on 01/14/21.
Compared to the average trading volume of 7.32M shares, PTON reached a trading volume of 6484912 in the most recent trading day, which is why market watchdogs consider the stock to be active.
What do top market gurus say about Peloton Interactive Inc. [PTON]?
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for PTON shares is $134.60 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on PTON stock is a recommendation set at 2.00. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
Goldman have made an estimate for Peloton Interactive Inc. shares, keeping their opinion on the stock as Neutral, with their previous recommendation back on September 13, 2021. While these analysts kept the previous recommendation, Citigroup raised their target price to Neutral. The new note on the price target was released on August 30, 2021, representing the official price target for Peloton Interactive Inc. stock. Previously, the target price had yet another raise from $135 to $138, while BofA Securities kept a Buy rating on PTON stock. On August 27, 2021, analysts decreased their price target for PTON shares from 135 to 130.
The Average True Range (ATR) for Peloton Interactive Inc. is set at 5.43, with the Price to Sales ratio for PTON stock in the period of the last 12 months amounting to 7.59. The Price to Book ratio for the last quarter was 18.48, with the Price to Cash per share for the same quarter was set at 5.71.
How has PTON stock performed recently?
Peloton Interactive Inc. [PTON] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 12.46. With this latest performance, PTON shares dropped by -2.15% in over the last four-week period, additionally plugging by 0.50% over the last 6 months – not to mention a rise of 32.30% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for PTON stock in for the last two-week period is set at 50.16, with the RSI for the last a single of trading hit 52.89, and the three-weeks RSI is set at 48.99 for Peloton Interactive Inc. [PTON]. The present Moving Average for the last 50 days of trading for this stock 113.62, while it was recorded at 107.80 for the last single week of trading, and 119.43 for the last 200 days.
Peloton Interactive Inc. [PTON]: Deeper insight into the fundamentals
Operating Margin for any stock indicates how profitable investing would be, and Peloton Interactive Inc. [PTON] shares currently have an operating margin of -2.91 and a Gross Margin at +35.18. Peloton Interactive Inc.’s Net Margin is presently recorded at -4.70.
Return on Total Capital for PTON is now -4.30, given the latest momentum, and Return on Invested Capital for the company is -7.01. Return on Equity for this stock declined to -11.01, with Return on Assets sitting at -5.06. When it comes to the capital structure of this company, Peloton Interactive Inc. [PTON] has a Total Debt to Total Equity ratio set at 86.20. Additionally, PTON Total Debt to Total Capital is recorded at 46.30, with Total Debt to Total Assets ending up at 33.71. Long-Term Debt to Equity for the company is recorded at 82.67, with the Long-Term Debt to Total Capital now at 44.40.
Reflecting on the efficiency of the workforce at the company, Peloton Interactive Inc. [PTON] managed to generate an average of -$21,819 per employee. Receivables Turnover for the company is 75.88 with a Total Asset Turnover recorded at a value of 1.08.Peloton Interactive Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.50 and a Current Ratio set at 2.30.
Insider trade positions for Peloton Interactive Inc. [PTON]
There are presently around $23,881 million, or 81.00% of PTON stock, in the hands of institutional investors. The top three institutional holders of PTON stocks are: VANGUARD GROUP INC with ownership of 22,324,244, which is approximately 1.418% of the company’s market cap and around 0.60% of the total institutional ownership; BAILLIE GIFFORD & CO, holding 20,256,004 shares of the stock with an approximate value of $2.2 billion in PTON stocks shares; and BLACKROCK INC., currently with $1.65 billion in PTON stock with ownership of nearly 0.237% of the company’s market capitalization.
Positions in Peloton Interactive Inc. stocks held by institutional investors increased at the end of August and at the time of the August reporting period, where 391 institutional holders increased their position in Peloton Interactive Inc. [NASDAQ:PTON] by around 44,022,027 shares. Additionally, 318 investors decreased positions by around 32,186,064 shares, while 84 investors held positions by with 143,897,151 shares. The mentioned changes placed institutional holdings at 220,105,242 shares, according to the latest SEC report filing. PTON stock had 126 new institutional investments in for a total of 8,956,288 shares, while 118 institutional investors sold positions of 18,959,244 shares during the same period.