Insider Selling: Peloton Interactive (NASDAQ:PTON) COO Sells 8,969 Shares of Stock

Peloton Interactive, Inc. (NASDAQ:PTON) COO Charles Peter Kirol sold 8,969 shares of Peloton Interactive stock in a transaction on Thursday, September 4th. The stock was sold at an average price of $8.00, for a total transaction of $71,752.00. Following the completion of the transaction, the chief operating officer owned 23,321 shares in the company, valued at $186,568. This trade represents a 27.78% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

Charles Peter Kirol also recently made the following trade(s):

• On Thursday, August 28th, Charles Peter Kirol sold 3,587 shares of Peloton Interactive stock. The shares were sold at an average price of $7.60, for a total transaction of $27,261.20.
• On Wednesday, July 16th, Charles Peter Kirol sold 20,633 shares of Peloton Interactive stock. The shares were sold at an average price of $6.39, for a total value of $131,844.87.

Peloton Interactive Stock Performance

NASDAQ PTON opened at $7.94 on Wednesday. Peloton Interactive, Inc. has a twelve month low of $4.19 and a twelve month high of $10.90. The stock has a market capitalization of $3.24 billion, a PE ratio of -25.61 and a beta of 2.07. The stock has a 50-day simple moving average of $7.22 and a 200 day simple moving average of $6.80.

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 business had revenue of $606.90 million during the quarter, compared to analyst estimates of $580.29 million. The business’s quarterly revenue was down 5.8% compared to the same quarter last year. During the same period last year, the business earned ($0.08) EPS. Peloton Interactive has set its FY 2025 guidance at EPS. As a group, equities research analysts forecast that Peloton Interactive, Inc. will post -0.36 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on PTON. Needham & Company LLC restated a “hold” rating on shares of Peloton Interactive in a research note on Thursday, August 7th. Macquarie increased their price target on shares of Peloton Interactive from $10.00 to $11.00 and gave the company an “outperform” rating in a report on Thursday, August 14th. Telsey Advisory Group restated a “market perform” rating and issued a $8.00 price target on shares of Peloton Interactive in a research report on Thursday, August 7th. Morgan Stanley boosted their price objective on shares of Peloton Interactive from $4.00 to $5.75 and gave the stock an “equal weight” rating in a report on Monday, August 4th. Finally, The Goldman Sachs Group raised shares of Peloton Interactive from a “neutral” rating to a “buy” rating and upped their price objective for the company from $7.00 to $11.50 in a research report on Friday, August 8th. Eight equities research analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $9.29.

Institutional Trading of Peloton Interactive

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in shares of Peloton Interactive by 4.0% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 284,060 shares of the company’s stock valued at $2,471,000 after purchasing an additional 11,008 shares during the period. Oder Investment Management LLC acquired a new stake in Peloton Interactive in the 1st quarter valued at $336,000. Wealth Enhancement Advisory Services LLC grew its position in Peloton Interactive by 385.6% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 60,476 shares of the company’s stock valued at $382,000 after acquiring an additional 48,023 shares during the period. Teacher Retirement System of Texas acquired a new position in Peloton Interactive during the first quarter worth $431,000. Finally, Wexford Capital LP acquired a new position in Peloton Interactive during the fourth quarter worth $764,000. 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.