Peloton Interactive (NASDAQ:PTON) COO Sells $19,884.15 in Stock

Peloton Interactive, Inc. (NASDAQ:PTON) COO Charles Peter Kirol sold 3,399 shares of the business’s stock in a transaction dated Wednesday, January 21st. The stock was sold at an average price of $5.85, for a total value of $19,884.15. Following the transaction, the chief operating officer directly owned 77,602 shares of the company’s stock, valued at $453,971.70. The trade was a 4.20% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this hyperlink.

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

• On Friday, January 16th, Charles Peter Kirol sold 22,520 shares of Peloton Interactive stock. The shares were sold at an average price of $6.47, for a total transaction of $145,704.40.
• On Monday, November 17th, Charles Peter Kirol sold 7,936 shares of Peloton Interactive stock. The shares were sold at an average price of $7.29, for a total transaction of $57,853.44.

Peloton Interactive Price Performance

PTON stock traded down $0.01 during midday trading on Friday, reaching $5.80. The company had a trading volume of 8,613,887 shares, compared to its average volume of 8,678,628. The firm has a 50-day moving average price of $6.47 and a 200-day moving average price of $7.15. Peloton Interactive, Inc. has a 1 year low of $4.63 and a 1 year high of $10.25.

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

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on PTON. Wall Street Zen cut Peloton Interactive from a “buy” rating to a “hold” rating in a report on Saturday, January 10th. Citigroup reduced their price target on shares of Peloton Interactive from $9.50 to $8.25 and set a “neutral” rating on the stock in a research report on Thursday, November 20th. Canaccord Genuity Group reissued a “buy” rating and set a $10.00 price target on shares of Peloton Interactive in a research note on Thursday, October 2nd. Morgan Stanley boosted their price objective on shares of Peloton Interactive from $6.00 to $6.50 and gave the stock an “equal weight” rating in a report on Wednesday, November 19th. Finally, Guggenheim started coverage on shares of Peloton Interactive in a research note on Wednesday, December 10th. They issued a “neutral” rating for the company. Eight investment analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $9.86.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in PTON. Vident Advisory LLC raised its holdings in Peloton Interactive by 1.1% during the 2nd quarter. Vident Advisory LLC now owns 110,258 shares of the company’s stock valued at $765,000 after buying an additional 1,180 shares during the last quarter. Cresset Asset Management LLC increased its position in shares of Peloton Interactive by 11.9% in the third quarter. Cresset Asset Management LLC now owns 12,748 shares of the company’s stock valued at $115,000 after acquiring an additional 1,354 shares during the period. Kirr Marbach & Co. LLC IN increased its position in shares of Peloton Interactive by 0.3% in the third quarter. Kirr Marbach & Co. LLC IN now owns 471,946 shares of the company’s stock valued at $4,248,000 after acquiring an additional 1,464 shares during the period. Vise Technologies Inc. raised its stake in shares of Peloton Interactive by 10.3% during the third quarter. Vise Technologies Inc. now owns 15,680 shares of the company’s stock valued at $141,000 after acquiring an additional 1,466 shares during the last quarter. Finally, Principal Financial Group Inc. boosted its holdings in shares of Peloton Interactive by 6.0% during the third quarter. Principal Financial Group Inc. now owns 27,126 shares of the company’s stock worth $244,000 after purchasing an additional 1,526 shares during the period. Institutional investors own 77.01% of the company’s stock.

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.