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

Lululemon Athletica Inc (LULU) has announced a five-year strategic partnership with Peloton Interactive Inc (PTON). Under the partnership, PTON will become the exclusive digital fitness content provider for LULU, and LULU will become the primary athletic apparel partner to PTON. The partnership is seen as a positive move by Raymond James analyst Rick B. Patel, who believes it will help LULU extract value from its MIRROR acquisition, which it took a $442.7 million impairment for in 4Q22.

Portfolio Pulse from Shivani Kumaresan

September 28, 2023 | 6:45 pm

In Thursday's pre-market session, several consumer discretionary stocks saw significant movement. Chico's FAS, Beachbody Co, Peloton Interactive, Latham Group, Connexa Sports Techs, and QuantaSing Group experienced gains, while CarMax, Kidpik, Kaixin Auto Hldgs, and Carvana saw decreases. CarMax's Q2 earnings were also released.

Portfolio Pulse from Benzinga Insights

September 28, 2023 | 1:06 pm

Several stocks are experiencing significant pre-market trading movements. Gritstone bio, Inc. (GRTS) shares rose 37% after the company was awarded a BARDA contract for a COVID-19 vaccine study valued at up to $433 million. TransCode Therapeutics, Inc. (RNAZ) shares gained 23% after pricing its $8 million public offering. Actelis Networks, Inc. (ASNS) shares surged 22.4% after achieving Third Party Validation for FIPS cyber protection standard. Peloton Interactive, Inc. (PTON) shares climbed 12.3% after announcing a five-year deal with Lululemon Athletica Inc (LULU).

Portfolio Pulse from Lisa Levin

September 28, 2023 | 12:54 pm

Peloton Interactive Inc (PTON) and Lululemon Athletica Inc (LULU) have announced a five-year strategic global partnership. Under the deal, Peloton will become Lululemon's exclusive digital fitness content provider, while Lululemon will become the primary athletic apparel partner for Peloton. Co-branded apparel will be available from October 11, and Lululemon studio all-access members will gain access to Peloton classes for no additional cost from November 11. Lululemon plans to discontinue its Studio Mirror product and its digital app-only membership tier.

Portfolio Pulse from Adam Eckert

September 28, 2023 | 12:52 pm

Bionomics (BNOX) announced positive results from the Phase 2b ATTUNE Clinical Trial of BNC210 in PTSD patients, causing a 700% surge in its stock. Peloton (PTON) shares rose by 39% after announcing a five-year strategic global partnership with Lululemon. Bolt Biotherapeutics (BOLT) received Orphan Drug Designation for BDC-1001 for the treatment of Gastric Cancers, leading to a 27% increase in its stock.

Portfolio Pulse from ryanfaloona@benzinga.com

September 28, 2023 | 12:44 pm

Peloton and lululemon have announced a five-year strategic global partnership, leading to a rise in Peloton's share prices.

Portfolio Pulse from Benzinga Newsdesk

September 28, 2023 | 12:42 pm

The US stock market is showing signs of nervousness ahead of key economic data releases and speeches by Federal Reserve officials. The 10-year Treasury yield continues to rise, potentially pressuring stocks. The Dow Industrials ended down for a second straight day, while the Nasdaq Composite and the Dow Industrials rebounded from Tuesday’s sharp declines. Fund manager Louis Navellier recommends investing in fundamentally sound stocks amidst the uncertainties. He expects another round of big earnings surprises. In premarket trading, the SPDR S&P 500 ETF Trust (NYSE:SPY) edged up 0.08% and the Invesco QQQ ETF (NASDAQ:QQQ) slipped 0.05%. Stocks in focus include Peloton Interactive, Inc. (NASDAQ:PTON), Workday, Inc. (NASDAQ:WDAY), Micron Technology, Inc. (NASDAQ:MU), GameStop Corp. (NYSE:GME), Accenture plc (NYSE:ACN), CarMax, Inc. (NYSE:KMX), and Jabil, Inc. (NYSE:JBL).

Portfolio Pulse from Shanthi Rexaline

September 28, 2023 | 10:59 am

Telsey Advisory Group has reiterated its 'Market Perform' rating on Peloton Interactive (NASDAQ:PTON) and maintained its price target of $6.

Portfolio Pulse from Benzinga Newsdesk

September 28, 2023 | 9:36 am

Several consumer discretionary stocks experienced significant movement in Wednesday's after-market session. Notable gainers included Peloton Interactive (PTON), Dixie Gr (DXYN), PARTS iD (ID), China Liberal Education (CLEU), Flanigan'S Enterprises (BDL), and a.k.a. Brands Holding (AKA). On the other hand, EZGO Technologies (EZGO), Super Group (SGHC), Brilliant Earth Group (BRLT), Cheesecake Factory (CAKE), Kidpik (PIK), and Cheetah Net Supply Chain (CTNT) saw their stocks decline.

Portfolio Pulse from Benzinga Insights

September 27, 2023 | 9:31 pm

Peloton Interactive Inc (PTON) and Lululemon Athletica Inc (LULU) have announced a five-year strategic global partnership. Peloton will become Lululemon's exclusive digital fitness content provider, while Lululemon will be the primary athletic apparel partner for Peloton. Co-branded apparel will be available from October 11, and Lululemon studio all-access members will gain access to Peloton classes from November 11. Lululemon plans to discontinue its Studio Mirror product and its digital app-only membership tier.

Portfolio Pulse from Adam Eckert

September 27, 2023 | 8:38 pm

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