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

Peloton has introduced a new financing option for its customers in the United States through Citizens Pay. This is in addition to the existing financing option through Affirm. Unlike Affirm, which provides loans for specific purchases, Citizens Pay offers a revolving line of credit that can be used for multiple purchases. The financing terms range from 12 to 43 months, with an APR of 0% for the 12-month term or 4.99% for the longer terms. A hard credit check is required for Citizens Pay, which may impact the customer's credit score.

Portfolio Pulse from Benzinga Newsdesk

July 11, 2023 | 8:41 pm

Peloton Interactive Inc (NASDAQ:PTON) shares are trading higher by 9.42% to $9.18 amid overall market strength and ahead of Wednesday's June inflation data report. The company operates in the consumer discretionary sector, and higher inflation may impact consumer spending patterns, potentially leading to reduced demand for Peloton's products and services.

Portfolio Pulse from Henry Khederian

July 11, 2023 | 7:55 pm

Peloton shares are trading higher without any company-specific news. The stock's rise may be due to overall market strength.

Portfolio Pulse from Benzinga Newsdesk

July 11, 2023 | 7:48 pm

Amazon.com Inc is offering deeper discounts on a wide range of goods and services during its Prime Day 2023 event, including its first-ever travel discounts. The discounts include 60% off Gap, Inc clothing, 50% off Sony Group Corp headphones, and 40% off Peloton Interactive, Inc exercise bikes. Amazon's Prime Day sales growth is expected to be slower this year due to post-pandemic recovery, with consumers looking to spend more on experiences, travel, and entertainment. Amazon is also facing competition from other retailers like Walmart Inc and Best Buy Co, Inc.

Portfolio Pulse from Anusuya Lahiri

July 11, 2023 | 11:53 am

Amazon.com Inc is set for its annual Prime Day event, promising more deals than any past Prime Day. The event is expected to generate around $12 billion in Gross Merchandise Volume (GMV), accounting for 7.4% of GMV for the quarter. Noteworthy deals include discounts on Gap Inc clothing, Sony Group Corp headphones, and Peloton Interactive Inc Bike and Bike+. The event is expected to have a strong performance, possibly exceeding Bank of America Corp's 12% growth estimate compared to last year's Prime Day.

Portfolio Pulse from AJ Fabino

July 10, 2023 | 3:35 pm

Peloton shares are experiencing an increase in value, in line with a general market rebound.

Portfolio Pulse from Benzinga Newsdesk

July 07, 2023 | 6:32 pm

During Thursday's intraday session, several consumer discretionary stocks saw significant movement. Mullen Automotive (MULN), Genius Sports (GENI), Sweetgreen (SG), Barnes & Noble Education (BNED), Holley (HLLY), and Children's Place (PLCE) stocks increased by 44.6%, 20.91%, 16.56%, 15.23%, 10.81%, and 10.57% respectively. On the other hand, Visionary Education Tech (VEDU), RealReal (REAL), Overstock.com (OSTK), Wayfair (W), Lindblad Expeditions (LIND), and Peloton Interactive (PTON) stocks decreased by 13.7%, 12.06%, 11.72%, 10.91%, 10.86%, and 9.85% respectively.

Portfolio Pulse from Benzinga Insights

July 06, 2023 | 5:37 pm

US stocks traded lower with the Dow Jones dropping over 450 points. Applied Digital Corporation (APLD) dipped 14.1% after a short report by Wolf Pack Research. Affirm Holdings (AFRM) dropped 14% following a downgrade from Piper Sandler. Other stocks that recorded losses include SoundHound AI (SOUN), BioXcel Therapeutics (BTAI), ProKidney Corp (PROK), Offerpad Solutions (OPAD), Calliditas Therapeutics (CALT), Exscientia (EXAI), Aurora Innovation (AUR), Sunrun (RUN), Archer Aviation (ACHR), Joby Aviation (JOBY), Wallbox (WBX), Stem (STEM), Peloton Interactive (PTON), Rocket Companies (RKT), Upstart Holdings (UPST), Ginkgo Bioworks Holdings (DNA), Wayfair (W), Block (SQ), Rackspace Technology (RXT), Teladoc Health (TDOC), and Twilio (TWLO).

Portfolio Pulse from Lisa Levin

July 06, 2023 | 4:49 pm

Peloton shares are trading lower due to overall market weakness on concerns about rate hikes.

Portfolio Pulse from Benzinga Newsdesk

July 06, 2023 | 4:47 pm

Several CEOs, including those at Pinterest (PINS), Peloton (PTON), and Hertz (HTZGQ), outearned Apple’s (AAPL) Tim Cook in 2022. Stephen Schwarzman of Blackstone (BX) topped the list with $253 million, followed by Sundar Pichai of Alphabet (GOOGL) with $226 million. Stephen Scherr of Hertz earned $182 million, Barry McCarthy of Peloton received $168 million, and Bill Ready of Pinterest was awarded $123 million.

Portfolio Pulse from Benzinga Newsbot

July 04, 2023 | 10:46 am

All corporate logos and prices are for illustrative purposes only and are not a recommendation, an offer to sell, or a solicitation of an offer to buy any security.