Peloton Interactive (NASDAQ:PTON) Insider Dion Sanders Sells 146,844 Shares

Peloton Interactive, Inc. (NASDAQ:PTON) insider Dion Sanders sold 146,844 shares of the business’s stock in a transaction on Friday, February 20th. The stock was sold at an average price of $4.41, for a total value of $647,582.04. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

Peloton Interactive Stock Performance

Shares of NASDAQ:PTON traded down $0.09 during midday trading on Tuesday, reaching $4.04. The company had a trading volume of 15,129,992 shares, compared to its average volume of 14,352,462. The company has a fifty day simple moving average of $5.70 and a two-hundred day simple moving average of $6.90. The firm has a market cap of $1.72 billion, a price-to-earnings ratio of -31.08, a price-to-earnings-growth ratio of 0.87 and a beta of 2.41. Peloton Interactive, Inc. has a 1-year low of $4.03 and a 1-year high of $9.20.

Peloton Interactive (NASDAQ:PTON) last posted its quarterly earnings data on Thursday, February 5th. The company reported ($0.09) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.07) by ($0.02). The business had revenue of $656.50 million during the quarter, compared to analysts’ expectations of $675.04 million. During the same quarter in the previous year, the firm posted ($0.24) EPS. The company’s revenue for the quarter was down 2.5% on a year-over-year basis. Analysts expect that Peloton Interactive, Inc. will post -0.36 EPS for the current year.

Analyst Ratings Changes

A number of research firms recently commented on PTON. JPMorgan Chase & Co. decreased their price objective on shares of Peloton Interactive from $9.00 to $6.00 and set a “neutral” rating for the company in a research note on Friday, February 6th. Morgan Stanley raised their target price on Peloton Interactive from $6.00 to $6.50 and gave the stock an “equal weight” rating in a research report on Wednesday, November 19th. Bank of America set a $9.00 price target on Peloton Interactive in a report on Friday, January 30th. Truist Financial dropped their price target on Peloton Interactive from $12.00 to $9.00 and set a “buy” rating on the stock in a research report on Friday, February 6th. Finally, Macquarie Infrastructure raised their price objective on Peloton Interactive from $11.00 to $12.00 and gave the stock an “outperform” rating in a research report on Tuesday, November 11th. One investment analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, eight have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $8.42.

Institutional Trading of Peloton Interactive

Several hedge funds and other institutional investors have recently modified their holdings of PTON. D.A. Davidson & CO. purchased a new stake in shares of Peloton Interactive during the 2nd quarter worth about $338,000. Voya Investment Management LLC increased its holdings in Peloton Interactive by 325.5% in the third quarter. Voya Investment Management LLC now owns 429,929 shares of the company’s stock worth $3,869,000 after buying an additional 328,894 shares during the last quarter. Lisanti Capital Growth LLC bought a new position in Peloton Interactive during the third quarter valued at approximately $2,429,000. Jupiter Asset Management Ltd. raised its position in Peloton Interactive by 322.9% during the third quarter. Jupiter Asset Management Ltd. now owns 1,563,249 shares of the company’s stock valued at $14,069,000 after acquiring an additional 1,193,597 shares in the last quarter. Finally, Geode Capital Management LLC lifted its stake in Peloton Interactive by 5.7% in the second quarter. Geode Capital Management LLC now owns 9,141,542 shares of the company’s stock valued at $63,450,000 after acquiring an additional 490,353 shares during the last quarter. 77.01% of the stock is currently owned by hedge funds and other institutional investors.

About Peloton Interactive

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.