Chris Bruzzo Sells 14,936 Shares of Peloton Interactive, Inc. (NASDAQ:PTON) Stock

Peloton Interactive, Inc. (NASDAQ:PTON) CEO Chris Bruzzo sold 14,936 shares of the firm’s stock in a transaction that occurred on Tuesday, June 4th. The stock was sold at an average price of $3.62, for a total transaction of $54,068.32. Following the sale, the chief executive officer now directly owns 38,680 shares in the company, valued at approximately $140,021.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

Peloton Interactive Trading Down 0.8 %

Shares of Peloton Interactive stock traded down $0.03 on Tuesday, reaching $3.62. 8,686,991 shares of the stock were exchanged, compared to its average volume of 16,523,436. The firm has a market capitalization of $1.34 billion, a PE ratio of -1.72 and a beta of 2.04. Peloton Interactive, Inc. has a 1-year low of $2.70 and a 1-year high of $9.87. The business has a fifty day moving average price of $3.60 and a two-hundred day moving average price of $4.69.

Peloton Interactive (NASDAQ:PTON) last released its earnings results on Thursday, May 2nd. The company reported ($0.45) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.39) by ($0.06). The business had revenue of $717.70 million during the quarter, compared to the consensus estimate of $720.85 million. The company’s revenue for the quarter was down 4.2% compared to the same quarter last year. During the same quarter last year, the firm earned ($0.79) EPS. Research analysts expect that Peloton Interactive, Inc. will post -1.62 EPS for the current year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Raymond James Financial Services Advisors Inc. boosted its position in shares of Peloton Interactive by 6.4% during the 4th quarter. Raymond James Financial Services Advisors Inc. now owns 31,983 shares of the company’s stock worth $195,000 after purchasing an additional 1,921 shares in the last quarter. Principal Financial Group Inc. lifted its stake in shares of Peloton Interactive by 3.5% in the third quarter. Principal Financial Group Inc. now owns 91,109 shares of the company’s stock valued at $460,000 after purchasing an additional 3,071 shares during the period. Arizona State Retirement System boosted its holdings in Peloton Interactive by 4.2% during the third quarter. Arizona State Retirement System now owns 90,921 shares of the company’s stock worth $459,000 after buying an additional 3,632 shares in the last quarter. Private Advisor Group LLC grew its position in Peloton Interactive by 11.5% during the fourth quarter. Private Advisor Group LLC now owns 37,373 shares of the company’s stock worth $228,000 after buying an additional 3,855 shares during the period. Finally, Treasurer of the State of North Carolina increased its holdings in Peloton Interactive by 3.3% in the third quarter. Treasurer of the State of North Carolina now owns 139,104 shares of the company’s stock valued at $702,000 after buying an additional 4,410 shares in the last quarter. Institutional investors and hedge funds own 77.01% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts recently commented on PTON shares. Oppenheimer reiterated an “outperform” rating on shares of Peloton Interactive in a research note on Tuesday, May 7th. Robert W. Baird lifted their target price on Peloton Interactive from $3.50 to $4.00 and gave the stock a “neutral” rating in a research report on Tuesday, May 21st. BMO Capital Markets decreased their target price on Peloton Interactive from $7.50 to $6.50 and set a “market perform” rating for the company in a research report on Friday, May 3rd. Bank of America cut their price target on Peloton Interactive from $4.00 to $3.25 and set an “underperform” rating on the stock in a research report on Monday, April 29th. Finally, The Goldman Sachs Group reduced their price objective on Peloton Interactive from $5.75 to $3.50 and set a “neutral” rating for the company in a research note on Friday, May 3rd. Three equities research analysts have rated the stock with a sell rating, fourteen have issued a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $5.14.

About Peloton Interactive

Peloton Interactive, Inc operates interactive fitness platform in North America and internationally. The company offers connected fitness products with touchscreen that streams live and on-demand classes under the Peloton Bike, Peloton Bike+, Peloton Tread, Peloton Tread+, Peloton Guide, and Peloton Row names.