Peloton Interactive, Inc. (NASDAQ:PTON) Director Sells $148,945.17 in Stock

Peloton Interactive, Inc. (NASDAQ:PTON) Director Karen Boone sold 17,259 shares of Peloton Interactive stock in a transaction that occurred on Thursday, January 2nd. The shares were sold at an average price of $8.63, for a total value of $148,945.17. Following the transaction, the director now owns 244,641 shares of the company’s stock, valued at approximately $2,111,251.83. This represents a 6.59 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link.

Karen Boone also recently made the following trade(s):

• On Thursday, December 5th, Karen Boone sold 16,925 shares of Peloton Interactive stock. The shares were sold at an average price of $9.64, for a total transaction of $163,157.00.
• On Friday, November 1st, Karen Boone sold 13,484 shares of Peloton Interactive stock. The stock was sold at an average price of $8.27, for a total transaction of $111,512.68.

Peloton Interactive Stock Performance

Shares of NASDAQ PTON traded up $0.13 during trading on Thursday, hitting $8.83. 11,577,956 shares of the company were exchanged, compared to its average volume of 16,037,085. The company has a fifty day moving average price of $8.80 and a 200-day moving average price of $5.75. The firm has a market capitalization of $3.37 billion, a PE ratio of -8.25 and a beta of 1.90. Peloton Interactive, Inc. has a 12-month low of $2.70 and a 12-month high of $10.90.

Peloton Interactive (NASDAQ:PTON) last issued its earnings results on Thursday, October 31st. The company reported ($0.16) EPS for the quarter, missing analysts’ consensus estimates of ($0.15) by ($0.01). The business had revenue of $586.00 million for the quarter, compared to the consensus estimate of $572.97 million. During the same quarter in the previous year, the business earned ($0.44) earnings per share. Peloton Interactive’s revenue for the quarter was down 1.6% compared to the same quarter last year. Research analysts anticipate that Peloton Interactive, Inc. will post -0.38 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. Mercer Global Advisors Inc. ADV purchased a new stake in Peloton Interactive in the second quarter valued at $27,000. Point72 Asia Singapore Pte. Ltd. lifted its position in Peloton Interactive by 31.9% in the third quarter. Point72 Asia Singapore Pte. Ltd. now owns 6,605 shares of the company’s stock valued at $31,000 after buying an additional 1,597 shares during the last quarter. CIBC Asset Management Inc purchased a new position in Peloton Interactive during the second quarter worth about $35,000. Schneider Downs Wealth Management Advisors LP purchased a new position in Peloton Interactive during the second quarter worth about $35,000. Finally, Koss Olinger Consulting LLC purchased a new stake in shares of Peloton Interactive in the 2nd quarter valued at approximately $36,000. 77.01% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on PTON shares. BMO Capital Markets upped their price target on Peloton Interactive from $6.50 to $8.50 and gave the stock a “market perform” rating in a report on Monday, November 4th. Macquarie upped their price objective on shares of Peloton Interactive from $4.90 to $9.00 and gave the stock a “neutral” rating in a research report on Friday, November 1st. JMP Securities reiterated a “market perform” rating on shares of Peloton Interactive in a research report on Thursday, October 3rd. JPMorgan Chase & Co. boosted their target price on shares of Peloton Interactive from $5.00 to $7.00 and gave the stock a “neutral” rating in a research note on Friday, November 1st. Finally, Truist Financial raised their price target on shares of Peloton Interactive from $6.00 to $10.00 and gave the company a “hold” rating in a research note on Friday, November 1st. Sixteen research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $6.97.

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.