Peloton Interactive (NASDAQ:PTON) Insider Sells $401,271.57 in Stock

Peloton Interactive, Inc. (NASDAQ:PTON) insider Nick Caldwell sold 64,617 shares of Peloton Interactive stock in a transaction dated Tuesday, December 16th. The stock was sold at an average price of $6.21, for a total value of $401,271.57. Following the transaction, the insider directly owned 839,982 shares in the company, valued at approximately $5,216,288.22. The trade was a 7.14% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

Peloton Interactive Trading Up 2.0%

NASDAQ:PTON opened at $6.25 on Friday. The company has a 50-day moving average of $7.03 and a 200-day moving average of $7.23. The firm has a market cap of $2.61 billion, a price-to-earnings ratio of -22.32, a price-to-earnings-growth ratio of 1.79 and a beta of 2.46. Peloton Interactive, Inc. has a twelve month low of $4.63 and a twelve month high of $10.33.

Peloton Interactive (NASDAQ:PTON) last released its earnings results on Thursday, November 6th. The company reported $0.03 EPS for the quarter, beating the consensus estimate of $0.01 by $0.02. The business had revenue of $550.80 million for the quarter, compared to analyst estimates of $540.61 million. Peloton Interactive’s revenue was down 6.0% compared to the same quarter last year. On average, research analysts forecast that Peloton Interactive, Inc. will post -0.36 earnings per share for the current year.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the stock. Swiss Life Asset Management Ltd acquired a new stake in shares of Peloton Interactive during the 3rd quarter valued at $160,000. Polar Asset Management Partners Inc. acquired a new position in Peloton Interactive during the third quarter valued at approximately $1,158,000. CIBC Bancorp USA Inc. acquired a new position in Peloton Interactive during the 3rd quarter valued at $362,000. Advisory Services Network LLC acquired a new stake in Peloton Interactive in the 3rd quarter worth $48,000. Finally, Woodline Partners LP bought a new position in shares of Peloton Interactive during the 3rd quarter worth about $11,417,000. Institutional investors and hedge funds own 77.01% of the company’s stock.

Analysts Set New Price Targets

PTON has been the subject of several research reports. Morgan Stanley raised their price objective on Peloton Interactive from $6.00 to $6.50 and gave the stock an “equal weight” rating in a research note on Wednesday, November 19th. Truist Financial upped their target price on Peloton Interactive from $11.00 to $12.00 and gave the company a “buy” rating in a report on Friday, November 7th. Canaccord Genuity Group reissued a “buy” rating and issued a $10.00 price target on shares of Peloton Interactive in a research note on Thursday, October 2nd. Zacks Research downgraded Peloton Interactive from a “strong-buy” rating to a “hold” rating in a report on Friday, November 7th. Finally, Guggenheim initiated coverage on shares of Peloton Interactive in a report on Wednesday, December 10th. They issued a “neutral” rating for the company. Eight investment analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $9.86.

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.