Peloton Interactive, Inc. (NASDAQ:PTON) Director Jon Callaghan Sells 10,000 Shares

Peloton Interactive, Inc. (NASDAQ:PTON) Director Jon Callaghan sold 10,000 shares of Peloton Interactive stock in a transaction dated Wednesday, June 9th. The stock was sold at an average price of $107.60, for a total value of $1,076,000.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

Jon Callaghan also recently made the following trade(s):

  • On Wednesday, April 14th, Jon Callaghan sold 15,000 shares of Peloton Interactive stock. The stock was sold at an average price of $119.20, for a total value of $1,788,000.00.

Shares of NASDAQ:PTON traded down $0.89 on Thursday, reaching $106.08. The company’s stock had a trading volume of 5,907,446 shares, compared to its average volume of 11,091,820. The business has a 50-day moving average price of $104.11. Peloton Interactive, Inc. has a 52-week low of $45.51 and a 52-week high of $171.09. The company has a quick ratio of 2.26, a current ratio of 2.74 and a debt-to-equity ratio of 0.41. The company has a market cap of $31.64 billion, a PE ratio of 172.53 and a beta of 0.68.

Peloton Interactive (NASDAQ:PTON) last announced its earnings results on Thursday, May 6th. The company reported ($0.03) EPS for the quarter, beating analysts’ consensus estimates of ($0.11) by $0.08. Peloton Interactive had a net margin of 5.78% and a return on equity of 11.53%. The business had revenue of $1.26 billion during the quarter, compared to analysts’ expectations of $1.12 billion. During the same period in the prior year, the company earned ($0.20) earnings per share. The business’s revenue was up 140.6% compared to the same quarter last year. On average, sell-side analysts forecast that Peloton Interactive, Inc. will post -0.08 earnings per share for the current year.

Several research firms recently issued reports on PTON. Telsey Advisory Group lowered their price objective on Peloton Interactive from $150.00 to $120.00 and set an “outperform” rating on the stock in a report on Friday, May 7th. Canaccord Genuity lowered their price objective on Peloton Interactive from $180.00 to $150.00 and set a “buy” rating on the stock in a report on Friday, May 7th. Credit Suisse Group lowered their price objective on Peloton Interactive from $164.00 to $152.00 and set an “outperform” rating on the stock in a report on Friday, May 7th. Truist decreased their target price on shares of Peloton Interactive from $160.00 to $125.00 in a research note on Friday, May 7th. Finally, Argus decreased their target price on shares of Peloton Interactive from $180.00 to $120.00 and set a “buy” rating on the stock in a research note on Friday, May 21st. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and twenty-three have given a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average price target of $141.53.

Several large investors have recently made changes to their positions in the company. Baillie Gifford & Co. raised its holdings in shares of Peloton Interactive by 1.0% in the first quarter. Baillie Gifford & Co. now owns 16,149,465 shares of the company’s stock valued at $1,815,846,000 after buying an additional 165,569 shares during the last quarter. BlackRock Inc. raised its holdings in Peloton Interactive by 13.3% during the first quarter. BlackRock Inc. now owns 15,201,040 shares of the company’s stock worth $1,709,202,000 after purchasing an additional 1,781,972 shares in the last quarter. Jennison Associates LLC raised its holdings in Peloton Interactive by 14.3% during the fourth quarter. Jennison Associates LLC now owns 12,303,851 shares of the company’s stock worth $1,866,740,000 after purchasing an additional 1,536,900 shares in the last quarter. Tiger Global Management LLC raised its holdings in Peloton Interactive by 1.0% during the fourth quarter. Tiger Global Management LLC now owns 7,857,758 shares of the company’s stock worth $1,192,179,000 after purchasing an additional 80,100 shares in the last quarter. Finally, Geode Capital Management LLC raised its holdings in Peloton Interactive by 12.8% during the first quarter. Geode Capital Management LLC now owns 3,260,172 shares of the company’s stock worth $366,124,000 after purchasing an additional 368,742 shares in the last quarter. 68.75% of the stock is owned by institutional investors and hedge funds.

About Peloton Interactive

Peloton Interactive, Inc provides interactive fitness products in North America and internationally. It offers connected fitness products, such as the Peloton Bike and the Peloton Tread, which include touchscreen that streams live and on-demand classes. The company also provides connected fitness subscriptions for multiple household users, and access to all 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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