Insider Selling: Peloton Interactive (NASDAQ:PTON) Insider Sells 112,523 Shares of Stock

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

Peloton Interactive Stock Performance

Peloton Interactive stock traded up $0.01 during mid-day trading on Thursday, reaching $5.18. The stock had a trading volume of 13,007,301 shares, compared to its average volume of 13,517,291. The stock’s 50-day simple moving average is $4.72 and its 200-day simple moving average is $5.49. Peloton Interactive, Inc. has a fifty-two week low of $3.65 and a fifty-two week high of $9.20. The firm has a market capitalization of $2.24 billion, a PE ratio of 129.53, a price-to-earnings-growth ratio of 0.90 and a beta of 2.50.

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

Wall Street Analyst Weigh In

PTON has been the topic of several research reports. The Goldman Sachs Group upped their price objective on shares of Peloton Interactive from $7.00 to $8.00 and gave the stock a “buy” rating in a report on Friday, May 8th. Weiss Ratings upgraded Peloton Interactive from a “sell (e+)” rating to a “sell (d)” rating in a research note on Monday, May 11th. Zacks Research downgraded Peloton Interactive from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, February 24th. Wall Street Zen upgraded Peloton Interactive from a “hold” rating to a “buy” rating in a research note on Saturday, May 16th. Finally, Argus lowered Peloton Interactive from a “buy” rating to a “hold” rating in a research report on Tuesday, February 10th. Five analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $8.25.

Get Our Latest Research Report on Peloton Interactive

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Bank of America Corp DE boosted its holdings in Peloton Interactive by 11.7% during the first quarter. Bank of America Corp DE now owns 1,640,981 shares of the company’s stock worth $7,040,000 after purchasing an additional 172,211 shares during the last quarter. Altshuler Shaham Ltd purchased a new position in Peloton Interactive during the first quarter worth about $1,585,000. Kanen Wealth Management LLC purchased a new position in Peloton Interactive during the first quarter worth about $7,560,000. MSA Advisors LLC purchased a new position in Peloton Interactive during the first quarter worth about $78,000. Finally, Amundi increased its position in shares of Peloton Interactive by 277.9% during the first quarter. Amundi now owns 55,010 shares of the company’s stock valued at $236,000 after acquiring an additional 40,453 shares during the last quarter. 77.01% of the stock is currently owned by hedge funds and other institutional investors.

About Peloton Interactive

(Get Free Report)

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.

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Insider Buying and Selling by Quarter for Peloton Interactive (NASDAQ:PTON)

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