Dion C. Sanders Sells 122,036 Shares of Peloton Interactive, Inc. (NASDAQ:PTON) Stock

Peloton Interactive, Inc. (NASDAQ:PTON) insider Dion C. Sanders sold 122,036 shares of the company’s stock in a transaction that occurred on Friday, May 16th. The stock was sold at an average price of $6.25, for a total value 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 ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

Peloton Interactive Stock Performance

NASDAQ PTON opened at $6.72 on Wednesday. The company has a market cap of $2.62 billion, a P/E ratio of -8.73 and a beta of 2.25. The business’s 50 day moving average price is $6.26 and its 200-day moving average price is $7.79. Peloton Interactive, Inc. has a fifty-two week low of $2.83 and a fifty-two week high of $10.90.

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

Wall Street Analysts Forecast Growth

PTON has been the topic of several recent research reports. Truist Financial raised Peloton Interactive from a “hold” rating to a “buy” rating and set a $11.00 price objective on the stock in a report on Monday, April 28th. Macquarie raised Peloton Interactive from a “neutral” rating to an “outperform” rating and upped their price objective for the stock from $9.00 to $10.00 in a report on Tuesday, May 13th. Citigroup decreased their price objective on Peloton Interactive from $11.00 to $10.00 and set a “neutral” rating on the stock in a report on Monday, February 10th. Morgan Stanley decreased their price objective on Peloton Interactive from $5.75 to $4.00 and set an “equal weight” rating on the stock in a report on Thursday, April 17th. Finally, Argus raised Peloton Interactive from a “hold” rating to a “buy” rating and set a $15.00 price objective on the stock in a report on Tuesday, February 11th. Thirteen research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $8.30.

Hedge Funds Weigh In On Peloton Interactive

Hedge funds have recently bought and sold shares of the business. R Squared Ltd bought a new position in Peloton Interactive in the 4th quarter valued at $28,000. Russell Investments Group Ltd. grew its position in Peloton Interactive by 969.6% in the 4th quarter. Russell Investments Group Ltd. now owns 4,011 shares of the company’s stock valued at $35,000 after acquiring an additional 3,636 shares during the last quarter. FNY Investment Advisers LLC bought a new position in Peloton Interactive in the 1st quarter valued at $37,000. Comerica Bank grew its position in Peloton Interactive by 29.1% in the 4th quarter. Comerica Bank now owns 6,164 shares of the company’s stock valued at $54,000 after acquiring an additional 1,389 shares during the last quarter. Finally, Nisa Investment Advisors LLC grew its position in Peloton Interactive by 40.2% in the 1st quarter. Nisa Investment Advisors LLC now owns 6,503 shares of the company’s stock valued at $41,000 after acquiring an additional 1,864 shares during the last quarter. Institutional investors own 77.01% of the company’s stock.

Peloton Interactive Company Profile

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.