Dion Sanders Sells 112,512 Shares of Peloton Interactive (NASDAQ:PTON) Stock

Peloton Interactive, Inc. (NASDAQ:PTON) insider Dion Sanders sold 112,512 shares of the firm’s stock in a transaction on Wednesday, August 19th. The shares were sold at an average price of $5.45, for a total value of $613,190.40. Following the completion of the sale, the insider owned 18,801 shares in the company, valued at $102,465.45. The trade was a 85.68% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Peloton Interactive Stock Performance

Peloton Interactive stock opened at $5.41 on Friday. The company has a 50-day simple moving average of $5.90 and a 200-day simple moving average of $5.20. The firm has a market capitalization of $2.37 billion, a P/E ratio of 45.09, a P/E/G ratio of 0.48 and a beta of 2.52. Peloton Interactive, Inc. has a one year low of $3.65 and a one year high of $9.20.

Peloton Interactive (NASDAQ:PTON) last released its quarterly earnings data on Thursday, August 6th. The company reported $0.13 earnings per share for the quarter, topping analysts’ consensus estimates of $0.11 by $0.02. The business had revenue of $607.70 million for the quarter, compared to analysts’ expectations of $596.60 million. Peloton Interactive had a net margin of 2.58% and a negative return on equity of 23.92%. The company’s revenue for the quarter was up .1% compared to the same quarter last year. During the same quarter last year, the company earned $0.05 EPS. As a group, sell-side analysts forecast that Peloton Interactive, Inc. will post 0.28 earnings per share for the current year.

Institutional Trading of Peloton Interactive

Institutional investors have recently modified their holdings of the company. Royal Bank of Canada boosted its holdings in Peloton Interactive by 342.6% during the first quarter. Royal Bank of Canada now owns 616,367 shares of the company’s stock worth $3,896,000 after buying an additional 477,106 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in shares of Peloton Interactive by 2.4% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 290,981 shares of the company’s stock worth $1,839,000 after acquiring an additional 6,921 shares in the last quarter. NewEdge Advisors LLC grew its holdings in shares of Peloton Interactive by 3,132.6% in the 1st quarter. NewEdge Advisors LLC now owns 15,549 shares of the company’s stock worth $98,000 after acquiring an additional 15,068 shares during the last quarter. Goldman Sachs Group Inc. raised its position in shares of Peloton Interactive by 27.1% during the first quarter. Goldman Sachs Group Inc. now owns 7,056,642 shares of the company’s stock worth $44,598,000 after purchasing an additional 1,503,680 shares during the period. Finally, Caxton Associates LLP acquired a new stake in shares of Peloton Interactive during the first quarter worth $282,000. Institutional investors and hedge funds own 77.01% of the company’s stock.

Analyst Ratings Changes

Several brokerages have recently issued reports on PTON. Wall Street Zen upgraded Peloton Interactive from a “hold” rating to a “buy” rating in a research report on Saturday, May 16th. The Goldman Sachs Group raised their target price on Peloton Interactive from $7.00 to $8.00 and gave the company a “buy” rating in a research report on Friday, May 8th. UBS Group reaffirmed a “buy” rating on shares of Peloton Interactive in a research note on Monday, June 15th. Weiss Ratings upgraded Peloton Interactive from a “sell (d)” rating to a “sell (d+)” rating in a research report on Tuesday, May 26th. Finally, Telsey Advisory Group reissued a “market perform” rating on shares of Peloton Interactive in a research note on Monday, August 3rd. Five investment analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $7.94.

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.