Peloton Interactive, Inc. (NASDAQ:PTON) Director Karen Boone Sells 17,259 Shares

Peloton Interactive, Inc. (NASDAQ:PTON) Director Karen Boone sold 17,259 shares of the stock in a transaction on Thursday, January 2nd. The stock was sold at an average price of $8.63, for a total value of $148,945.17. Following the completion of the transaction, the director now owns 244,641 shares in the company, 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 Securities & Exchange Commission, 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 shares were sold at an average price of $8.27, for a total transaction of $111,512.68.

Peloton Interactive Stock Up 2.7 %

NASDAQ PTON opened at $9.07 on Friday. Peloton Interactive, Inc. has a 12-month low of $2.70 and a 12-month high of $10.90. The company’s 50 day moving average is $8.86 and its 200-day moving average is $5.77. The firm has a market cap of $3.46 billion, a P/E ratio of -8.48 and a beta of 1.90.

Peloton Interactive (NASDAQ:PTON) last released its quarterly earnings data on Thursday, October 31st. The company reported ($0.16) EPS for the quarter, missing analysts’ consensus estimates of ($0.15) by ($0.01). The firm had revenue of $586.00 million for the quarter, compared to the consensus estimate of $572.97 million. The company’s revenue for the quarter was down 1.6% compared to the same quarter last year. During the same period in the prior year, the business earned ($0.44) EPS. Equities analysts expect that Peloton Interactive, Inc. will post -0.38 EPS for the current year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of PTON. PDT Partners LLC grew its position in Peloton Interactive by 0.7% during the 3rd quarter. PDT Partners LLC now owns 205,573 shares of the company’s stock worth $962,000 after acquiring an additional 1,373 shares during the last quarter. Point72 Asia Singapore Pte. Ltd. boosted its holdings in shares of Peloton Interactive by 31.9% during the third quarter. Point72 Asia Singapore Pte. Ltd. now owns 6,605 shares of the company’s stock worth $31,000 after purchasing an additional 1,597 shares during the period. Arizona State Retirement System grew its stake in shares of Peloton Interactive by 3.8% in the second quarter. Arizona State Retirement System now owns 92,781 shares of the company’s stock worth $314,000 after purchasing an additional 3,377 shares during the last quarter. Kohmann Bosshard Financial Services LLC increased its holdings in Peloton Interactive by 50.0% during the 3rd quarter. Kohmann Bosshard Financial Services LLC now owns 15,000 shares of the company’s stock valued at $70,000 after purchasing an additional 5,000 shares during the period. Finally, Commonwealth Equity Services LLC raised its position in Peloton Interactive by 4.3% during the 2nd quarter. Commonwealth Equity Services LLC now owns 133,765 shares of the company’s stock valued at $452,000 after purchasing an additional 5,463 shares during the last quarter. 77.01% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

PTON has been the topic of a number of recent research reports. JMP Securities restated a “market perform” rating on shares of Peloton Interactive in a report on Thursday, October 3rd. BMO Capital Markets lifted their price objective on shares of Peloton Interactive from $6.50 to $8.50 and gave the stock a “market perform” rating in a report on Monday, November 4th. 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 report on Friday, November 1st. Sanford C. Bernstein upped their price objective on shares of Peloton Interactive from $4.25 to $6.50 and gave the stock a “market perform” rating in a research report on Friday, November 1st. Finally, JPMorgan Chase & Co. lifted their target price on shares of Peloton Interactive from $5.00 to $7.00 and gave the stock a “neutral” rating in a research report on Friday, November 1st. Sixteen research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $6.97.

Peloton Interactive Company Profile

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.