Peloton Interactive (NASDAQ:PTON) Insider Sells $175,945.00 in Stock

Peloton Interactive, Inc. (NASDAQ:PTON) insider Nick Caldwell sold 25,135 shares of the stock in a transaction dated Tuesday, January 13th. The shares were sold at an average price of $7.00, for a total transaction of $175,945.00. Following the completion of the transaction, the insider directly owned 739,085 shares in the company, valued at $5,173,595. The trade was a 3.29% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

Peloton Interactive Stock Performance

Shares of PTON stock opened at $6.70 on Friday. Peloton Interactive, Inc. has a 52 week low of $4.63 and a 52 week high of $10.25. The company has a market capitalization of $2.80 billion, a price-to-earnings ratio of -23.93, a PEG ratio of 1.98 and a beta of 2.40. The company has a 50-day simple moving average of $6.61 and a 200 day simple moving average of $7.17.

Peloton Interactive (NASDAQ:PTON) last released its quarterly earnings results on Thursday, November 6th. The company reported $0.03 earnings per share for the quarter, beating the consensus estimate of $0.01 by $0.02. The company had revenue of $550.80 million during the quarter, compared to the consensus estimate of $540.61 million. Peloton Interactive’s quarterly revenue was down 6.0% on a year-over-year basis. Sell-side analysts forecast that Peloton Interactive, Inc. will post -0.36 EPS for the current year.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on the company. Canaccord Genuity Group restated a “buy” rating and issued a $10.00 price target on shares of Peloton Interactive in a research note on Thursday, October 2nd. Telsey Advisory Group reiterated a “market perform” rating and set a $9.00 price objective on shares of Peloton Interactive in a research report on Monday, November 3rd. Truist Financial boosted their target price on shares of Peloton Interactive from $11.00 to $12.00 and gave the company a “buy” rating in a research report on Friday, November 7th. Citigroup decreased their price target on shares of Peloton Interactive from $9.50 to $8.25 and set a “neutral” rating on the stock in a research note on Thursday, November 20th. Finally, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Peloton Interactive in a research report on Friday, January 9th. Eight investment analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, Peloton Interactive currently has an average rating of “Hold” and an average target price of $9.86.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of PTON. Vanguard Group Inc. raised its stake in Peloton Interactive by 2.1% in the third quarter. Vanguard Group Inc. now owns 38,636,291 shares of the company’s stock valued at $347,727,000 after purchasing an additional 811,585 shares in the last quarter. Eminence Capital LP bought a new position in Peloton Interactive in the 2nd quarter valued at about $112,681,000. Geode Capital Management LLC raised its position in shares of Peloton Interactive by 5.7% in the 2nd quarter. Geode Capital Management LLC now owns 9,141,542 shares of the company’s stock valued at $63,450,000 after buying an additional 490,353 shares in the last quarter. Goldman Sachs Group Inc. lifted its holdings in shares of Peloton Interactive by 27.1% during the 1st quarter. Goldman Sachs Group Inc. now owns 7,056,642 shares of the company’s stock worth $44,598,000 after acquiring an additional 1,503,680 shares during the period. Finally, Connor Clark & Lunn Investment Management Ltd. lifted its holdings in shares of Peloton Interactive by 10.6% during the 2nd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 6,446,827 shares of the company’s stock worth $44,741,000 after acquiring an additional 615,647 shares during the period. Institutional investors own 77.01% of the company’s stock.

Peloton Interactive Company Profile

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.