Dion Sanders Sells 112,523 Shares of Peloton Interactive (NASDAQ:PTON) Stock

Peloton Interactive, Inc. (NASDAQ:PTON) insider Dion Sanders sold 112,523 shares of the firm’s stock in a transaction on Wednesday, May 20th. The stock was sold at an average price of $5.19, for a total transaction of $583,994.37. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Peloton Interactive Trading Up 10.2%

NASDAQ:PTON opened at $5.71 on Friday. The stock has a market capitalization of $2.47 billion, a price-to-earnings ratio of 142.79, a PEG ratio of 0.88 and a beta of 2.50. The firm has a fifty day simple moving average of $4.79 and a two-hundred day simple moving average of $5.48. Peloton Interactive, Inc. has a 12 month low of $3.65 and a 12 month high of $9.20.

Peloton Interactive (NASDAQ:PTON) last posted its quarterly earnings results on Thursday, May 7th. The company reported $0.06 EPS for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.01). The company had revenue of $630.90 million during the quarter, compared to analyst estimates of $618.25 million. Peloton Interactive had a negative return on equity of 6.95% and a net margin of 0.94%.The company’s revenue for the quarter was up 1.1% compared to the same quarter last year. During the same quarter in the previous year, the business posted ($0.12) earnings per share. Equities analysts predict that Peloton Interactive, Inc. will post 0.13 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in PTON. DNB Asset Management AS lifted its stake in shares of Peloton Interactive by 142.4% in the fourth quarter. DNB Asset Management AS now owns 10,776,627 shares of the company’s stock valued at $66,384,000 after buying an additional 6,331,510 shares in the last quarter. Pale Fire Capital SE bought a new position in shares of Peloton Interactive in the first quarter valued at $26,746,000. Hennessy Advisors Inc. bought a new position in shares of Peloton Interactive in the fourth quarter valued at $30,533,000. Alyeska Investment Group L.P. lifted its stake in shares of Peloton Interactive by 306.0% in the fourth quarter. Alyeska Investment Group L.P. now owns 5,462,344 shares of the company’s stock valued at $33,648,000 after buying an additional 4,116,986 shares in the last quarter. Finally, Norges Bank bought a new position in shares of Peloton Interactive in the fourth quarter valued at $23,796,000. 77.01% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

PTON has been the subject of a number of research reports. Truist Financial reduced their price target on shares of Peloton Interactive from $12.00 to $9.00 and set a “buy” rating for the company in a report on Friday, February 6th. Bank of America set a $9.00 price target on shares of Peloton Interactive in a report on Friday, January 30th. Argus cut shares of Peloton Interactive from a “buy” rating to a “hold” rating in a report on Tuesday, February 10th. Citigroup dropped their price objective on shares of Peloton Interactive from $8.25 to $5.00 and set a “neutral” rating on the stock in a research note on Thursday, February 12th. Finally, The Goldman Sachs Group raised their price objective on shares of Peloton Interactive from $7.00 to $8.00 and gave the company a “buy” rating in a research note on Friday, May 8th. Five equities research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $8.25.

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.