Peloton Interactive (NASDAQ:PTON) COO Sells $145,704.40 in Stock

Peloton Interactive, Inc. (NASDAQ:PTON) COO Charles Peter Kirol sold 22,520 shares of Peloton Interactive stock in a transaction that occurred on Friday, January 16th. The stock was sold at an average price of $6.47, for a total transaction of $145,704.40. Following the completion of the sale, the chief operating officer directly owned 81,001 shares in the company, valued at $524,076.47. This trade represents a 21.75% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink.

Charles Peter Kirol also recently made the following trade(s):

• On Monday, November 17th, Charles Peter Kirol sold 7,936 shares of Peloton Interactive stock. The stock was sold at an average price of $7.29, for a total value of $57,853.44.
• On Wednesday, October 22nd, Charles Peter Kirol sold 8,989 shares of Peloton Interactive stock. The shares were sold at an average price of $8.00, for a total value of $71,912.00.

Peloton Interactive Price Performance

Shares of NASDAQ PTON opened at $5.81 on Friday. The stock has a market capitalization of $2.43 billion, a PE ratio of -20.75, a P/E/G ratio of 1.77 and a beta of 2.40. Peloton Interactive, Inc. has a one year low of $4.63 and a one year high of $10.25. The business’s fifty day moving average price is $6.47 and its 200-day moving average price is $7.15.

Peloton Interactive (NASDAQ:PTON) last announced its quarterly earnings data on Thursday, November 6th. The company reported $0.03 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.01 by $0.02. The firm had revenue of $550.80 million during the quarter, compared to the consensus estimate of $540.61 million. The business’s quarterly revenue was down 6.0% on a year-over-year basis. As a group, equities analysts expect that Peloton Interactive, Inc. will post -0.36 EPS for the current fiscal year.

Hedge Funds Weigh In On Peloton Interactive

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. D.A. Davidson & CO. purchased a new position in Peloton Interactive in the 2nd quarter worth $338,000. Voya Investment Management LLC boosted its position in Peloton Interactive by 325.5% during the third quarter. Voya Investment Management LLC now owns 429,929 shares of the company’s stock valued at $3,869,000 after buying an additional 328,894 shares during the period. Eminence Capital LP bought a new position in shares of Peloton Interactive during the second quarter valued at about $112,681,000. Geode Capital Management LLC increased its holdings in shares of Peloton Interactive by 5.7% in the second quarter. Geode Capital Management LLC now owns 9,141,542 shares of the company’s stock worth $63,450,000 after buying an additional 490,353 shares during the period. Finally, Pacer Advisors Inc. purchased a new position in shares of Peloton Interactive in the third quarter worth about $17,387,000. 77.01% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research analysts recently weighed in on PTON shares. Truist Financial lifted their price objective on shares of Peloton Interactive from $11.00 to $12.00 and gave the company a “buy” rating in a research note on Friday, November 7th. The Goldman Sachs Group reaffirmed a “buy” rating and issued a $11.50 price target on shares of Peloton Interactive in a report on Thursday, October 2nd. Morgan Stanley boosted their price objective on Peloton Interactive from $6.00 to $6.50 and gave the company an “equal weight” rating in a research note on Wednesday, November 19th. Guggenheim began coverage on Peloton Interactive in a report on Wednesday, December 10th. They set a “neutral” rating on the stock. Finally, Macquarie lifted their target price on Peloton Interactive from $11.00 to $12.00 and gave the company an “outperform” rating in a report on Tuesday, November 11th. Eight research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $9.86.

Peloton Interactive Company Profile

Peloton Interactive, Inc operates a digital fitness platform that combines connected exercise equipment with live and on-demand workout classes. The company’s core products include stationary bikes (Peloton Bike and Bike+), treadmills (Peloton Tread and Tread+), and the Peloton Row. Each device integrates a touchscreen display that streams instructor-led cycling, running, strength, yoga, meditation and other fitness classes. Peloton generates recurring revenue through subscription plans, which grant users access to its growing library of workouts, performance tracking tools and community features.

Founded in 2012 by John Foley and headquartered in New York City, Peloton set out to deliver an immersive home-fitness experience by blending hardware, software and content.