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Fly News Breaks for September 11, 2019
PTON
Sep 11, 2019 | 16:24 EDT
DA Davidson analyst Michael M.Y. Kawamoto initiated Peloton with a Neutral rating and $29 price target ahead of the Digital fitness company's initial public offering, stating that Peloton has "impressive" topline growth, but market saturation and its ability to scale remain questions. Recent investments, along with "very robust marketing spend," will keep profitability "muted" for at least the next few years, added the analyst.
News For PTON From the Last 2 Days
PTON
Apr 25, 2024 | 13:50 EDT
Peloton call volume 5x normal on large rolldown in Dec. Shares little changed today near $3.02 (98% below covid-era highs above 167) with notable flow in the December term where a buyer paid 28c for 20k 7/10 call spreads on the PHLX floor. Trade history shows buyer of similar size in the 10 strike calls in late Feb, early March near $1.06 with shares nearly $1 higher.
