Peloton Interactive (NASDAQ:PTON) COO Sells $153,765.17 in Stock

Peloton Interactive, Inc. (NASDAQ:PTON) COO Charles Kirol sold 28,849 shares of the company’s stock in a transaction dated Thursday, October 15th. The stock was sold at an average price of $5.33, for a total value of $153,765.17. Following the sale, the chief operating officer owned 197,334 shares of the company’s stock, valued at $1,051,790.22. This represents a 12.75% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Peloton Interactive Price Performance

Peloton Interactive stock opened at $5.24 on Thursday. The stock’s 50-day moving average is $5.15 and its 200-day moving average is $5.47. The company has a market cap of $2.30 billion, a price-to-earnings ratio of 45.42, a price-to-earnings-growth ratio of 0.43 and a beta of 2.54. Peloton Interactive, Inc. has a 12 month low of $3.65 and a 12 month high of $8.19.

Peloton Interactive (NASDAQ:PTON) last issued its earnings results on Thursday, August 6th. The company reported $0.13 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.11 by $0.02. The business had revenue of $607.70 million during the quarter, compared to analysts’ expectations of $596.60 million. Peloton Interactive had a negative return on equity of 23.92% and a net margin of 2.58%. The company’s revenue for the quarter was up .1% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.05 EPS. Research analysts anticipate that Peloton Interactive, Inc. will post 0.31 EPS for the current year.

Analysts Set New Price Targets

PTON has been the subject of several research reports. Weiss Ratings upgraded shares of Peloton Interactive from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Friday, October 2nd. Morgan Stanley lowered shares of Peloton Interactive from an “equal weight” rating to an “underweight” rating and reduced their target price for the company from $5.00 to $4.50 in a report on Tuesday, September 8th. Telsey Advisory Group reaffirmed a “market perform” rating on shares of Peloton Interactive in a research report on Monday, August 3rd. Finally, UBS Group decreased their price target on shares of Peloton Interactive from $11.00 to $10.00 and set a “buy” rating for the company in a research report on Tuesday, September 8th. Four research 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’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $7.72.

Hedge Funds Weigh In On Peloton Interactive

Several hedge funds and other institutional investors have recently bought and sold shares of PTON. Pale Fire Capital SE grew its position in Peloton Interactive by 24.0% in the second quarter. Pale Fire Capital SE now owns 7,728,586 shares of the company’s stock valued at $45,676,000 after acquiring an additional 1,494,009 shares in the last quarter. Technology Crossover Management IX Ltd. purchased a new stake in shares of Peloton Interactive during the second quarter valued at approximately $21,727,601. Pacer Advisors Inc. lifted its position in shares of Peloton Interactive by 40.6% during the first quarter. Pacer Advisors Inc. now owns 3,185,534 shares of the company’s stock worth $13,666,000 after purchasing an additional 919,754 shares in the last quarter. Kanen Wealth Management LLC acquired a new position in shares of Peloton Interactive during the first quarter worth $7,560,000. Finally, Bastion Asset Management Inc. acquired a new position in shares of Peloton Interactive during the first quarter worth $7,020,000. 77.01% of the stock is owned by institutional investors and hedge funds.

Peloton Interactive Company Profile

Peloton Interactive, Inc is a connected-fitness company that combines exercise equipment, digital content and subscription services. Its product portfolio includes the Peloton Bike, Bike+, Tread treadmill, Row rowing machine and related accessories, apparel and fitness products. The company’s equipment is designed to connect users with live and on-demand instructor-led workouts through integrated screens and digital platforms.

Peloton offers subscription memberships that provide access to classes in cycling, running, strength training, yoga, meditation, rowing and other fitness disciplines.