Peloton Interactive (NASDAQ:PTON) Insider Nick Caldwell Sells 50,570 Shares

Peloton Interactive, Inc. (NASDAQ:PTON) insider Nick Caldwell sold 50,570 shares of the firm’s stock in a transaction dated Tuesday, February 17th. The shares were sold at an average price of $4.15, for a total value of $209,865.50. Following the completion of the sale, the insider directly owned 807,847 shares in the company, valued at $3,352,565.05. This trade represents a 5.89% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

Peloton Interactive Stock Performance

Shares of Peloton Interactive stock traded up $0.13 during midday trading on Wednesday, hitting $4.32. 11,117,151 shares of the company traded hands, compared to its average volume of 14,892,185. The firm’s fifty day moving average price is $5.88 and its 200-day moving average price is $6.97. The stock has a market cap of $1.84 billion, a price-to-earnings ratio of -33.23, a PEG ratio of 0.87 and a beta of 2.41. Peloton Interactive, Inc. has a 12 month low of $4.08 and a 12 month high of $10.02.

Peloton Interactive (NASDAQ:PTON) last announced its quarterly earnings results on Thursday, February 5th. The company reported ($0.09) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.07) by ($0.02). The firm had revenue of $656.50 million for the quarter, compared to the consensus estimate of $675.04 million. The business’s quarterly revenue was down 2.5% on a year-over-year basis. During the same period in the previous year, the business earned ($0.24) EPS. Equities research analysts forecast that Peloton Interactive, Inc. will post -0.36 earnings per share for the current year.

Analyst Upgrades and Downgrades

PTON has been the subject of a number of recent research reports. Bank of America set a $9.00 price objective on Peloton Interactive in a report on Friday, January 30th. Morgan Stanley raised their price objective on Peloton Interactive from $6.00 to $6.50 and gave the stock an “equal weight” rating in a research report on Wednesday, November 19th. Truist Financial reduced their target price on Peloton Interactive from $12.00 to $9.00 and set a “buy” rating on the stock in a report on Friday, February 6th. Zacks Research upgraded shares of Peloton Interactive from a “hold” rating to a “strong-buy” rating in a report on Monday, January 26th. Finally, Telsey Advisory Group reduced their price objective on shares of Peloton Interactive from $8.00 to $6.00 and set a “market perform” rating on the stock in a research note on Friday, February 6th. One analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, eight have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $8.42.

Key Headlines Impacting Peloton Interactive

Here are the key news stories impacting Peloton Interactive this week:

• Neutral Sentiment: Brokerage consensus remains tepid: analysts give PTON an average recommendation of “Hold,” signaling no clear upgrade or downgrade catalyst from the sell-side. Article Title
• Negative Sentiment: Significant insider selling across Peloton’s senior team — largest disclosed sales include CFO Elizabeth F. Coddington (238,013 shares, ~40.7% reduction), Jennifer Cunningham Cotter (125,432 shares, ~33% reduction), Dion C. Sanders (88,242 shares, ~37.5% reduction), Nick V. Caldwell (50,570 shares, ~5.9% reduction), COO Charles P. Kirol (6,419 shares, ~6.8% reduction), and CAO Saqib Baig (30,918 and 5,722 shares). Large, concentrated sales by officers can weigh on investor confidence and are typically viewed as negative signals unless explained as pre-planned liquidity needs. SEC filings: Coddington Coddington Form 4, Cotter Cotter Form 4, Sanders Sanders Form 4, Caldwell Caldwell Form 4, Kirol Kirol Form 4, Baig Baig Form 4.

Institutional Investors Weigh In On Peloton Interactive

Several hedge funds and other institutional investors have recently bought and sold shares of PTON. Creek Drive Management Group LLC purchased a new position in Peloton Interactive during the 4th quarter worth $5,556,000. Mercer Global Advisors Inc. ADV grew its position in Peloton Interactive by 77.6% in the 4th quarter. Mercer Global Advisors Inc. ADV now owns 30,655 shares of the company’s stock worth $189,000 after purchasing an additional 13,398 shares in the last quarter. Vident Advisory LLC increased its stake in Peloton Interactive by 3.7% in the 4th quarter. Vident Advisory LLC now owns 113,689 shares of the company’s stock valued at $700,000 after buying an additional 4,104 shares during the last quarter. Mackenzie Financial Corp lifted its position in shares of Peloton Interactive by 1.3% during the 4th quarter. Mackenzie Financial Corp now owns 256,486 shares of the company’s stock worth $1,595,000 after buying an additional 3,314 shares in the last quarter. Finally, Fuller & Thaler Asset Management Inc. boosted its stake in shares of Peloton Interactive by 6.1% in the 4th quarter. Fuller & Thaler Asset Management Inc. now owns 5,763,106 shares of the company’s stock worth $35,501,000 after buying an additional 329,289 shares during the last quarter. 77.01% of the stock is owned by institutional investors.

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.