Peloton Interactive (NASDAQ:PTON) COO Charles Peter Kirol Sells 3,198 Shares

Peloton Interactive, Inc. (NASDAQ:PTON) COO Charles Peter Kirol sold 3,198 shares of the firm’s stock in a transaction dated Monday, July 20th. The stock was sold at an average price of $6.49, for a total transaction of $20,755.02. Following the completion of the transaction, the chief operating officer directly owned 161,242 shares in the company, valued at $1,046,460.58. This represents a 1.94% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Peloton Interactive Price Performance

Peloton Interactive stock opened at $6.55 on Wednesday. The stock has a market cap of $2.84 billion, a price-to-earnings ratio of 163.79, a price-to-earnings-growth ratio of 0.46 and a beta of 2.52. The firm has a 50-day moving average of $5.90 and a two-hundred day moving average of $5.24. Peloton Interactive, Inc. has a 1 year low of $3.65 and a 1 year high of $9.20.

Peloton Interactive (NASDAQ:PTON) last issued its 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). Peloton Interactive had a negative return on equity of 6.95% and a net margin of 0.94%.During the same quarter in the previous year, the business earned ($0.12) EPS. Peloton Interactive’s revenue for the quarter was up 1.1% on a year-over-year basis. Research analysts expect that Peloton Interactive, Inc. will post 0.13 earnings per share for the current year.

Analysts Set New Price Targets

Several research firms have commented on PTON. Wall Street Zen upgraded Peloton Interactive from a “hold” rating to a “buy” rating in a report on Saturday, May 16th. Weiss Ratings upgraded Peloton Interactive from a “sell (d)” rating to a “sell (d+)” rating in a report on Tuesday, May 26th. Telsey Advisory Group reissued a “market perform” rating on shares of Peloton Interactive in a research report on Wednesday, May 27th. UBS Group restated a “buy” rating on shares of Peloton Interactive in a research note on Monday, June 15th. Finally, The Goldman Sachs Group lifted their price objective on Peloton Interactive from $7.00 to $8.00 and gave the company a “buy” rating in a report on Friday, May 8th. Five 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 stock currently has an average rating of “Hold” and a consensus target price of $8.25.

Hedge Funds Weigh In On Peloton Interactive

Institutional investors have recently bought and sold shares of the business. DNB Asset Management AS raised its stake in Peloton Interactive by 142.4% in the fourth quarter. DNB Asset Management AS now owns 10,776,627 shares of the company’s stock worth $66,384,000 after buying an additional 6,331,510 shares in the last quarter. Pale Fire Capital SE bought a new stake in Peloton Interactive during the 1st quarter valued at $26,746,000. Hennessy Advisors Inc. bought a new stake in Peloton Interactive during the 4th quarter valued at $30,533,000. Alyeska Investment Group L.P. increased its holdings in shares of Peloton Interactive by 306.0% in the 4th quarter. Alyeska Investment Group L.P. now owns 5,462,344 shares of the company’s stock valued at $33,648,000 after acquiring an additional 4,116,986 shares during the period. Finally, Norges Bank purchased a new position in shares of Peloton Interactive in the 4th quarter valued at $23,796,000. 77.01% of the stock is owned by hedge funds and other institutional investors.

About Peloton Interactive

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.