Streetbeat News

PTON

Peloton Interactive, Inc.

https://www.onepeloton.com

Industry

Leisure

Peloton Interactive, Inc. provides interactive fitness products in North America and internationally. It offers connected fitness products with touchscreen that streams live and on-demand classes under the Peloton Bike, Peloton Bike+, Peloton Tread, and Peloton Tread+ names. The company also provides connected fitness subscriptions for various household users, and access to various live and on-demand classes, as well as Peloton Digital app for connected fitness subscribers to provide access to its classes. As of June 30, 2021, it had approximately 5.9 million members. The company markets and sells its interactive fitness products directly through its retail showrooms and at onepeloton.com. Peloton Interactive, Inc. was founded in 2012 and is headquartered in New York, New York.

Open

8.03

Mkt cap

Volume

12M

High

8.05

P/E Ratio

-7.52

52-wk high

8.96

Low

7.62

Div yield

N/A

52-wk low

2.70

Shares of companies in the consumer discretionary sector are down due to market weakness after March inflation data exceeded expectations.

Portfolio Pulse from Benzinga Newsdesk

April 10, 2024 | 2:09 pm

Keep Inc. (3650.HK) reported a revenue growth of 3.7% in the second half of the year, reversing a 2.7% decline in the first half. The fitness app operator reduced its headcount and costs, significantly boosting margins. Despite these improvements, Keep's stock has fallen over 80% from its IPO price, with a P/S ratio similar to Peloton (NASDAQ:PTON) but far behind Garmin (NASDAQ:GRMN) and Planet Fitness (NYSE:PLNT). The company's focus on profitability and efficiency, along with a shift towards services, has helped narrow its losses and positions it for potential profitability.

Portfolio Pulse from The Bamboo Works

April 02, 2024 | 2:10 pm

Today's session highlighted significant whale activity in the options market for 10 consumer discretionary stocks, indicating potential trading opportunities. Notable movements include bearish call sweeps on TSLA and PDD, bullish calls on DKS, PTON, AMZN, and DKNG, a bearish put on F, and a neutral put on EXPE. The activity suggests varied investor sentiment across these stocks, with significant trades made on options expiring from 1 to 666 days out.

Portfolio Pulse from Benzinga Insights

March 21, 2024 | 5:35 pm

Peloton's CFO announced at the Morgan Stanley Conference that the company expects to be cash flow positive in Q4. Despite a year-over-year decrease in bike demand, there has been an increase in demand for their Tread product.

Portfolio Pulse from Benzinga Newsdesk

March 07, 2024 | 5:49 pm

Peloton Interactive's (NYSE:PTON) short interest has decreased by 16.37% since the last report, with 47.87 million shares sold short, representing 15.43% of its float. This decline in short interest could indicate a more bullish sentiment towards PTON among investors. Compared to its peers, PTON has a higher short interest percentage of float, standing at 7.95% for its peer group average.

Portfolio Pulse from Benzinga Insights

February 23, 2024 | 6:30 pm

Tiger Global Management LLC has made significant changes to its investment portfolio as of December 31, 2023, compared to the previous quarter. The firm reduced its stake in Uber Technologies Inc by 40.6% to 3.05 million shares and dissolved its stakes in KKR & Co and Peloton Interactive. Additionally, Tiger Global took a new position in Broadcom with 182,300 common shares and increased its stake in DoorDash by 79.1% to 2.2 million Class A shares.

Portfolio Pulse from Benzinga Newsdesk

February 14, 2024 | 6:16 pm

Shares of companies in the consumer discretionary sector, including ADT, AENT, BALY, and others, are trading lower due to January CPI data indicating a higher-than-expected inflation rise.

Portfolio Pulse from Benzinga Newsdesk

February 13, 2024 | 8:52 pm

Goldman Sachs has maintained its Neutral rating on Peloton Interactive (NASDAQ:PTON) but lowered its price target from $6.50 to $5.75. Peloton's shares have fallen 3.42% in the last 24 hours to $4.09. The new target price suggests a potential 40.42% increase from the current level. Peloton operates an interactive fitness platform, generating most revenue from its Connected Fitness Products.

Portfolio Pulse from Benzinga Insights

February 05, 2024 | 5:00 pm

Goldman Sachs analyst Eric Sheridan has maintained a Neutral rating on Peloton Interactive (PTON) and reduced the price target from $6.5 to $5.75.

Portfolio Pulse from Benzinga Newsdesk

February 05, 2024 | 3:49 pm

JP Morgan analyst Doug Anmuth maintains an Overweight rating on Peloton Interactive (PTON) but lowers the price target from $9 to $8.

Portfolio Pulse from Benzinga Newsdesk

February 02, 2024 | 8:49 pm

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