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 business’s stock in a transaction that occurred on Tuesday, January 13th. The stock was sold at an average price of $7.00, for a total value of $175,945.00. Following the completion of the sale, the insider owned 739,085 shares of the company’s stock, valued at approximately $5,173,595. This trade represents a 3.29% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website.

Peloton Interactive Stock Up 5.9%

PTON stock traded up $0.39 during midday trading on Tuesday, hitting $7.00. 16,546,137 shares of the company traded hands, compared to its average volume of 6,812,856. Peloton Interactive, Inc. has a twelve month low of $4.63 and a twelve month high of $10.25. The stock has a market capitalization of $2.92 billion, a price-to-earnings ratio of -25.00, a price-to-earnings-growth ratio of 1.99 and a beta of 2.40. The business has a 50 day simple moving average of $6.63 and a 200-day simple moving average of $7.18.

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

Institutional Trading of Peloton Interactive

Several institutional investors have recently modified their holdings of the company. Bessemer Group Inc. raised its stake in shares of Peloton Interactive by 1,602.6% in the second quarter. Bessemer Group Inc. now owns 5,312 shares of the company’s stock valued at $37,000 after purchasing an additional 5,000 shares in the last quarter. Advisory Services Network LLC bought a new stake in Peloton Interactive in the 3rd quarter valued at $48,000. MAI Capital Management raised its stake in shares of Peloton Interactive by 64.6% in the 2nd quarter. MAI Capital Management now owns 5,498 shares of the company’s stock valued at $38,000 after buying an additional 2,158 shares in the last quarter. Quarry LP bought a new position in shares of Peloton Interactive during the 3rd quarter worth about $71,000. Finally, Farther Finance Advisors LLC lifted its holdings in shares of Peloton Interactive by 158.3% during the 3rd quarter. Farther Finance Advisors LLC now owns 7,986 shares of the company’s stock worth $72,000 after acquiring an additional 4,894 shares during the period. Institutional investors and hedge funds own 77.01% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on PTON shares. Truist Financial lifted their price objective on Peloton Interactive from $11.00 to $12.00 and gave the stock a “buy” rating in a research note on Friday, November 7th. Citigroup lowered their target price on Peloton Interactive from $9.50 to $8.25 and set a “neutral” rating on the stock in a report on Thursday, November 20th. The Goldman Sachs Group reiterated a “buy” rating and set a $11.50 price target on shares of Peloton Interactive in a report on Thursday, October 2nd. Canaccord Genuity Group reissued a “buy” rating and issued a $10.00 price objective on shares of Peloton Interactive in a research report on Thursday, October 2nd. Finally, Telsey Advisory Group reaffirmed a “market perform” rating and set a $9.00 target price on shares of Peloton Interactive in a research report on Monday, November 3rd. 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’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $9.86.

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.