Peloton Interactive, Inc. (NASDAQ:PTON) Shares Sold by Joel Isaacson & Co. LLC

Joel Isaacson & Co. LLC decreased its stake in shares of Peloton Interactive, Inc. (NASDAQ:PTONGet Rating) by 1.0% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 206,719 shares of the company’s stock after selling 2,050 shares during the quarter. Joel Isaacson & Co. LLC’s holdings in Peloton Interactive were worth $1,898,000 as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of PTON. Dimensional Fund Advisors LP increased its holdings in Peloton Interactive by 0.8% during the 4th quarter. Dimensional Fund Advisors LP now owns 326,681 shares of the company’s stock worth $11,683,000 after purchasing an additional 2,711 shares during the period. Principal Financial Group Inc. increased its holdings in Peloton Interactive by 173.3% during the 4th quarter. Principal Financial Group Inc. now owns 91,450 shares of the company’s stock worth $3,270,000 after purchasing an additional 57,987 shares during the period. Rhumbline Advisers increased its holdings in Peloton Interactive by 3.8% during the 4th quarter. Rhumbline Advisers now owns 259,390 shares of the company’s stock worth $9,276,000 after purchasing an additional 9,445 shares during the period. Ensign Peak Advisors Inc purchased a new stake in Peloton Interactive during the 4th quarter worth about $800,000. Finally, Charles Schwab Investment Management Inc. increased its holdings in Peloton Interactive by 13.3% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 902,250 shares of the company’s stock worth $32,265,000 after purchasing an additional 105,849 shares during the period. Hedge funds and other institutional investors own 79.40% of the company’s stock.

Peloton Interactive Price Performance

Shares of PTON traded down $0.19 during mid-day trading on Friday, hitting $8.40. The company’s stock had a trading volume of 359,837 shares, compared to its average volume of 16,386,877. The company has a current ratio of 2.38, a quick ratio of 1.38 and a debt-to-equity ratio of 2.62. The firm has a 50-day simple moving average of $10.54 and a 200 day simple moving average of $14.95. The firm has a market capitalization of $2.84 billion, a P/E ratio of -1.00 and a beta of 1.35. Peloton Interactive, Inc. has a 1-year low of $8.22 and a 1-year high of $99.36.

Peloton Interactive (NASDAQ:PTONGet Rating) last posted its quarterly earnings results on Thursday, August 25th. The company reported ($2.68) EPS for the quarter, missing the consensus estimate of ($0.70) by ($1.98). The business had revenue of $678.40 million during the quarter, compared to analyst estimates of $682.93 million. Peloton Interactive had a negative net margin of 78.64% and a negative return on equity of 102.05%. The firm’s quarterly revenue was down 27.6% compared to the same quarter last year. During the same period in the prior year, the business earned ($1.05) earnings per share. Analysts predict that Peloton Interactive, Inc. will post -2.12 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on PTON. Evercore ISI cut their price target on Peloton Interactive from $14.00 to $11.00 and set an “in-line” rating on the stock in a report on Friday, August 26th. UBS Group dropped their price objective on Peloton Interactive from $13.00 to $8.00 and set a “sell” rating on the stock in a report on Friday, September 2nd. Needham & Company LLC dropped their price objective on Peloton Interactive from $25.00 to $14.00 and set a “buy” rating on the stock in a report on Friday, August 26th. Oppenheimer assumed coverage on Peloton Interactive in a report on Wednesday, August 3rd. They issued an “outperform” rating and a $20.00 price objective on the stock. Finally, Credit Suisse Group dropped their price objective on Peloton Interactive from $13.00 to $12.00 and set a “neutral” rating on the stock in a report on Friday, August 26th. Two research analysts have rated the stock with a sell rating, fifteen have issued a hold rating and eighteen have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $36.73.

Insider Buying and Selling

In related news, CAO Allen J. Klingsick sold 2,775 shares of Peloton Interactive stock in a transaction on Tuesday, August 16th. The stock was sold at an average price of $13.88, for a total transaction of $38,517.00. Following the completion of the transaction, the chief accounting officer now directly owns 27,127 shares of the company’s stock, valued at $376,522.76. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In related news, insider Kevin Cornils sold 7,037 shares of Peloton Interactive stock in a transaction on Tuesday, August 16th. The stock was sold at an average price of $14.10, for a total transaction of $99,221.70. Following the completion of the transaction, the insider now directly owns 13,891 shares of the company’s stock, valued at $195,863.10. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CAO Allen J. Klingsick sold 2,775 shares of the firm’s stock in a transaction on Tuesday, August 16th. The stock was sold at an average price of $13.88, for a total value of $38,517.00. Following the transaction, the chief accounting officer now directly owns 27,127 shares of the company’s stock, valued at approximately $376,522.76. The disclosure for this sale can be found here. 13.18% of the stock is currently owned by insiders.

About Peloton Interactive

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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, and Peloton Tread+ names. It also provides connected fitness subscriptions for various household users, and access to various live and on-demand classes, as well as Peloton Digital app for connected fitness subscribers to provide access to its classes.

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Institutional Ownership by Quarter for Peloton Interactive (NASDAQ:PTON)

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