Peloton Interactive (NASDAQ:PTON) Insider Sells $613,190.40 in Stock

Peloton Interactive, Inc. (NASDAQ:PTON) insider Dion Sanders sold 112,512 shares of the business’s stock in a transaction that occurred on Wednesday, August 19th. The shares were sold at an average price of $5.45, for a total transaction of $613,190.40. Following the transaction, the insider owned 18,801 shares of the company’s stock, valued at approximately $102,465.45. This represents a 85.68% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Peloton Interactive Stock Performance

PTON opened at $5.41 on Monday. The firm’s fifty day moving average is $5.90 and its two-hundred day moving average is $5.20. The firm has a market cap of $2.37 billion, a PE ratio of 45.09, a price-to-earnings-growth ratio of 0.48 and a beta of 2.52. Peloton Interactive, Inc. has a twelve month low of $3.65 and a twelve month high of $9.20.

Peloton Interactive (NASDAQ:PTON) last issued its quarterly earnings data on Thursday, August 6th. The company reported $0.13 EPS for the quarter, topping the consensus estimate of $0.11 by $0.02. The business had revenue of $607.70 million for the quarter, compared to the consensus estimate of $596.60 million. Peloton Interactive had a negative return on equity of 23.92% and a net margin of 2.58%.The firm’s revenue was up .1% compared to the same quarter last year. During the same quarter last year, the business posted $0.05 EPS. Equities analysts forecast that Peloton Interactive, Inc. will post 0.28 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of research firms have recently commented on PTON. Wall Street Zen raised Peloton Interactive from a “hold” rating to a “buy” rating in a research report on Saturday, May 16th. Weiss Ratings upgraded Peloton Interactive from a “sell (d)” rating to a “sell (d+)” rating in a research report on Tuesday, May 26th. Telsey Advisory Group reissued a “market perform” rating on shares of Peloton Interactive in a research note on Monday, August 3rd. The Goldman Sachs Group raised their target price 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. Finally, UBS Group reaffirmed a “buy” rating on shares of Peloton Interactive in a research note on Monday, June 15th. Five analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $7.94.

Institutional Trading of Peloton Interactive

Several hedge funds and other institutional investors have recently modified their holdings of PTON. Royal Bank of Canada lifted its holdings in shares of Peloton Interactive by 342.6% in the first quarter. Royal Bank of Canada now owns 616,367 shares of the company’s stock valued at $3,896,000 after purchasing an additional 477,106 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in shares of Peloton Interactive by 2.4% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 290,981 shares of the company’s stock worth $1,839,000 after buying an additional 6,921 shares in the last quarter. NewEdge Advisors LLC raised its position in Peloton Interactive by 3,132.6% in the 1st quarter. NewEdge Advisors LLC now owns 15,549 shares of the company’s stock valued at $98,000 after buying an additional 15,068 shares during the last quarter. Goldman Sachs Group Inc. raised its position in Peloton Interactive by 27.1% in the 1st quarter. Goldman Sachs Group Inc. now owns 7,056,642 shares of the company’s stock valued at $44,598,000 after buying an additional 1,503,680 shares during the last quarter. Finally, Caxton Associates LLP acquired a new stake in Peloton Interactive in the 1st quarter valued at approximately $282,000. Institutional investors and hedge funds 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.