Insider Selling: Peloton Interactive, Inc. (NASDAQ:PTON) Insider Sells 122,036 Shares of Stock

Peloton Interactive, Inc. (NASDAQ:PTON) insider Dion C. Sanders sold 122,036 shares of Peloton Interactive stock in a transaction on Friday, May 16th. The stock was sold at an average price of $6.25, for a total transaction of $762,725.00. Following the sale, the insider now directly owns 114,318 shares in the company, valued at $714,487.50. This trade represents a 51.63% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

Peloton Interactive Trading Down 0.8%

Shares of NASDAQ PTON traded down $0.05 during mid-day trading on Monday, reaching $6.29. The company had a trading volume of 11,612,503 shares, compared to its average volume of 15,519,823. Peloton Interactive, Inc. has a 1-year low of $2.83 and a 1-year high of $10.90. The stock has a market cap of $2.45 billion, a PE ratio of -8.17 and a beta of 2.25. The company has a 50-day moving average price of $6.24 and a two-hundred day moving average price of $7.80.

Peloton Interactive (NASDAQ:PTON) last posted its quarterly earnings data on Thursday, May 8th. The company reported ($0.12) EPS for the quarter, missing analysts’ consensus estimates of ($0.06) by ($0.06). The business had revenue of $624.00 million for the quarter, compared to the consensus estimate of $620.39 million. During the same period in the previous year, the company earned ($0.45) earnings per share. The company’s quarterly revenue was down 13.1% on a year-over-year basis. On average, research analysts expect that Peloton Interactive, Inc. will post -0.36 EPS for the current year.

Analyst Ratings Changes

Several brokerages have recently weighed in on PTON. Morgan Stanley lowered their target price on Peloton Interactive from $5.75 to $4.00 and set an “equal weight” rating for the company in a research note on Thursday, April 17th. The Goldman Sachs Group reduced their price target on Peloton Interactive from $10.00 to $7.00 and set a “neutral” rating for the company in a report on Friday, May 9th. Needham & Company LLC restated a “hold” rating on shares of Peloton Interactive in a report on Friday, May 9th. JPMorgan Chase & Co. cut their target price on Peloton Interactive from $8.00 to $7.00 and set a “neutral” rating on the stock in a research report on Tuesday, April 8th. Finally, Truist Financial raised shares of Peloton Interactive from a “hold” rating to a “buy” rating and set a $11.00 price objective for the company in a report on Monday, April 28th. Thirteen analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $8.30.

Institutional Investors Weigh In On Peloton Interactive

Several hedge funds have recently made changes to their positions in the company. Bayforest Capital Ltd grew its position in Peloton Interactive by 1,811.3% during the 1st quarter. Bayforest Capital Ltd now owns 198,790 shares of the company’s stock worth $1,256,000 after purchasing an additional 188,389 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its holdings in shares of Peloton Interactive by 16.3% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 695,378 shares of the company’s stock valued at $4,395,000 after purchasing an additional 97,291 shares in the last quarter. Woodline Partners LP boosted its position in shares of Peloton Interactive by 59.6% in the first quarter. Woodline Partners LP now owns 1,406,197 shares of the company’s stock worth $8,887,000 after buying an additional 524,882 shares during the period. Caxton Associates LLP purchased a new position in shares of Peloton Interactive during the first quarter valued at $282,000. Finally, Goldman Sachs Group Inc. raised its position in Peloton Interactive by 27.1% during the first 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 period. Hedge funds and other institutional investors own 77.01% of the company’s stock.

About Peloton Interactive

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.