Peloton Interactive, Inc. (NASDAQ:PTON – Get Free Report) Director Karen Boone sold 25,000 shares of Peloton Interactive stock in a transaction dated Monday, August 17th. The shares were sold at an average price of $5.35, for a total transaction of $133,750.00. Following the sale, the director owned 236,063 shares of the company’s stock, valued at $1,262,937.05. The trade was a 9.58% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Peloton Interactive Price Performance
Peloton Interactive stock opened at $5.58 on Friday. The stock has a market cap of $2.45 billion, a price-to-earnings ratio of 46.50, a price-to-earnings-growth ratio of 0.48 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 $5.20. Peloton Interactive, Inc. has a 1 year low of $3.65 and a 1 year high of $9.20.
Peloton Interactive (NASDAQ:PTON – Get Free Report) last issued its earnings results on Thursday, August 6th. The company reported $0.13 EPS 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 analyst estimates 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 quarterly revenue was up .1% compared to the same quarter last year. During the same period last year, the company posted $0.05 earnings per share. Research analysts expect that Peloton Interactive, Inc. will post 0.28 earnings per share for the current year.
Analyst Ratings Changes
Get Our Latest Stock Analysis on Peloton Interactive
Institutional Inflows and Outflows
A number of hedge funds have recently added to or reduced their stakes in PTON. Proficio Capital Partners LLC acquired a new position in Peloton Interactive during the second quarter worth approximately $60,000. Headlands Technologies LLC boosted its holdings in shares of Peloton Interactive by 382.4% in the second quarter. Headlands Technologies LLC now owns 367,577 shares of the company’s stock valued at $2,172,000 after acquiring an additional 291,381 shares during the period. Lotus Technology Management LP purchased a new position in shares of Peloton Interactive during the second quarter worth approximately $60,000. Technology Crossover Management IX Ltd. purchased a new position in shares of Peloton Interactive during the second quarter worth approximately $21,727,601,000. Finally, Handelsbanken Fonder AB increased its holdings in shares of Peloton Interactive by 21.9% in the 2nd quarter. Handelsbanken Fonder AB now owns 119,100 shares of the company’s stock valued at $704,000 after acquiring an additional 21,400 shares during the period. Hedge funds and other institutional investors own 77.01% of the company’s stock.
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.
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