Peloton Interactive Inc (NASDAQ: PTON) stock jumped 2.99% on Friday to $5.52 against a previous-day closing price of $5.36. With 5.78 million shares changed hands, the volume of the stock remained lighter than its average volume of 13.03 million shares. During the session, the Leisure company that operates in wider Consumer Cyclical sector, reached to the highest price of $5.53 whereas the lowest price it dropped to was $5.25. The 52-week range on PTON shows that it touched its highest point at $17.83 and its lowest point at $4.28 during that stretch. It currently has a 1-year price target of $7.29. Beta for the stock currently stands at 2.02.

Price Performance and Earnings:

Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of PTON was up-trending over the past week, with a rise of 21.85%, but this was up by 15.24% over a month. Three-month performance dropped to -21.37% while six-month performance fell -23.01%. The stock lost -49.54% in the past year, while it has lost -30.48% so far this year. A look at the trailing 12-month EPS for PTON yields -2.89 with Next year EPS estimates of -1.12. For the next quarter, that number is -0.49. This implies an EPS growth rate of 60.43% for this year and 22.32% for next year.

Float and Shares Shorts:

At present, 338.75 million PTON shares are outstanding with a float of 313.02 million shares on hand for trading. On Oct 30, 2023, short shares totaled 47.88 million, which was 13.28% higher than short shares on Sep 28, 2023. In addition to Mr. W. Barry McCarthy Jr. as the firm’s CEO, President & Director, Ms. Elizabeth Coddington serves as its Chief Financial Officer.

Institutional Ownership:

Through their ownership of 81.64% of PTON’s outstanding shares, institutional investors have majority control over the company. Other institutions hold 7.00% of PTON, in contrast to 42.17% held by mutual funds. Shares owned by individuals account for 36.09%. As the largest shareholder in PTON with 11.43% of the stake, Morgan Stanley Investment Managem holds 38,760,380 shares worth 38,760,380. A second-largest stockholder of PTON, The Vanguard Group, Inc., holds 29,127,582 shares, controlling over 8.59% of the firm’s shares. Capital Research & Management Co is the third largest shareholder in PTON, holding 22,334,325 shares or 6.59% stake. With a 5.39% stake in PTON, the American Funds Growth Fund of Ame is the largest stakeholder. A total of 18,256,859 shares are owned by the mutual fund manager. The Vanguard Total Stock Market ETF, which owns about 2.97% of PTON stock, is the second-largest Mutual Fund holder. It holds 10,049,705 shares valued at 47.84 million. Vanguard Small Cap Index Fund holds 2.45% of the stake in PTON, owning 8,308,470 shares worth 39.55 million.

Analysts Ratings:

Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for PTON since 0 analysts follow the stock currently. In the same way, a target price assigned to a stock can also reveal much about its potential. With PTON analysts setting a high price target of $20.00 and a low target of $3.00, the average target price over the next 12 months is $7.29. Based on these targets, PTON could surge 262.32% to reach the target high and fall by -45.65% to reach the target low. Reaching the average price target will result in a growth of 32.07% from current levels.

Summary of Insider Activity:

Insiders traded PTON stock several times over the past three months with 10 Buys and 1 Sells. In these transactions, 67,955 shares were bought while 10,215 shares were sold. The number of buy transactions has increased to 46 while that of sell transactions has risen to 28 over the past year. The total number of shares bought during that period was 714,629 while 516,347 shares were sold.

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