Peloton Interactive (NASDAQ:PTON) Insider Nick Caldwell Sells 66,949 Shares

Peloton Interactive, Inc. (NASDAQ:PTON) insider Nick Caldwell sold 66,949 shares of the business’s stock in a transaction that occurred on Monday, August 18th. The shares were sold at an average price of $8.42, for a total value of $563,710.58. Following the completion of the transaction, the insider directly owned 600,761 shares in the company, valued at approximately $5,058,407.62. The trade was a 10.03% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website.

Peloton Interactive Trading Down 1.4%

NASDAQ:PTON opened at $7.73 on Thursday. The firm has a market cap of $3.15 billion, a P/E ratio of -24.93 and a beta of 2.08. The stock’s 50 day simple moving average is $6.90 and its 200-day simple moving average is $6.91. Peloton Interactive, Inc. has a 12-month low of $3.18 and a 12-month high of $10.90.

Peloton Interactive (NASDAQ:PTON) last released its earnings results on Thursday, August 7th. The company reported $0.05 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.07) by $0.12. The company had revenue of $606.90 million during the quarter, compared to analyst estimates of $580.29 million. The company’s revenue for the quarter was down 5.8% on a year-over-year basis. During the same period in the previous year, the firm posted ($0.08) EPS. Peloton Interactive has set its FY 2025 guidance at EPS. Research analysts forecast that Peloton Interactive, Inc. will post -0.36 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on the company. The Goldman Sachs Group raised Peloton Interactive from a “neutral” rating to a “buy” rating and boosted their target price for the company from $7.00 to $11.50 in a report on Friday, August 8th. UBS Group upgraded Peloton Interactive from a “neutral” rating to a “buy” rating and lifted their price target for the company from $7.50 to $11.00 in a research note on Wednesday, July 30th. Morgan Stanley lifted their price target on Peloton Interactive from $4.00 to $5.75 and gave the company an “equal weight” rating in a research note on Monday, August 4th. Needham & Company LLC restated a “hold” rating on shares of Peloton Interactive in a research note on Thursday, August 7th. Finally, Telsey Advisory Group restated a “market perform” rating and issued a $8.00 price target on shares of Peloton Interactive in a research note on Thursday, August 7th. Nine investment analysts have rated the stock with a Buy rating and ten have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $8.79.

Institutional Trading of Peloton Interactive

Institutional investors have recently bought and sold shares of the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in Peloton Interactive by 4.0% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 284,060 shares of the company’s stock worth $2,471,000 after purchasing an additional 11,008 shares in the last quarter. Oder Investment Management LLC purchased a new stake in Peloton Interactive during the first quarter worth $336,000. Wealth Enhancement Advisory Services LLC boosted its position in Peloton Interactive by 385.6% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 60,476 shares of the company’s stock worth $382,000 after purchasing an additional 48,023 shares in the last quarter. Teacher Retirement System of Texas purchased a new stake in Peloton Interactive during the first quarter worth $431,000. Finally, Wexford Capital LP purchased a new stake in Peloton Interactive during the fourth quarter worth $764,000. 77.01% of the stock is currently owned by hedge funds and other institutional investors.

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.