Peloton Interactive (NASDAQ:PTON) Insider Dion Sanders Sells 112,523 Shares

Peloton Interactive, Inc. (NASDAQ:PTON) insider Dion Sanders sold 112,523 shares of Peloton Interactive stock in a transaction dated Wednesday, May 20th. The stock was sold at an average price of $5.19, for a total value of $583,994.37. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Peloton Interactive Stock Up 0.2%

PTON traded up $0.01 during midday trading on Thursday, hitting $5.18. 13,007,301 shares of the company were exchanged, compared to its average volume of 13,517,291. The firm has a market capitalization of $2.24 billion, a P/E ratio of 129.53, a P/E/G ratio of 0.90 and a beta of 2.50. The firm’s 50 day moving average price is $4.72 and its 200-day moving average price is $5.49. Peloton Interactive, Inc. has a 1-year low of $3.65 and a 1-year high of $9.20.

Peloton Interactive (NASDAQ:PTON) last released its earnings results on Thursday, May 7th. The company reported $0.06 earnings per share for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.01). The firm had revenue of $630.90 million for the quarter, compared to analyst estimates of $618.25 million. Peloton Interactive had a net margin of 0.94% and a negative return on equity of 6.95%. The business’s revenue for the quarter was up 1.1% compared to the same quarter last year. During the same period in the prior year, the company posted ($0.12) EPS. On average, sell-side analysts predict that Peloton Interactive, Inc. will post 0.13 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Peloton Interactive

Institutional investors have recently made changes to their positions in the stock. Sankala Group LLC acquired a new position in shares of Peloton Interactive during the fourth quarter valued at about $31,000. Advisory Services Network LLC acquired a new position in shares of Peloton Interactive during the third quarter valued at about $48,000. Quarry LP acquired a new position in shares of Peloton Interactive during the third quarter valued at about $71,000. Cora Capital Advisors LLC acquired a new position in shares of Peloton Interactive during the first quarter valued at about $43,000. Finally, Evolve Private Wealth LLC acquired a new stake in Peloton Interactive in the fourth quarter valued at approximately $62,000. Institutional investors and hedge funds own 77.01% of the company’s stock.

Analyst Ratings Changes

Several research firms recently issued reports on PTON. Zacks Research lowered shares of Peloton Interactive from a “strong-buy” rating to a “hold” rating in a report on Tuesday, February 24th. JPMorgan Chase & Co. dropped their price objective on Peloton Interactive from $9.00 to $6.00 and set a “neutral” rating on the stock in a research note on Friday, February 6th. Truist Financial dropped their price objective on Peloton Interactive from $12.00 to $9.00 and set a “buy” rating on the stock in a research note on Friday, February 6th. Citigroup dropped their price objective on Peloton Interactive from $8.25 to $5.00 and set a “neutral” rating on the stock in a research note on Thursday, February 12th. Finally, UBS Group reissued a “buy” rating on shares of Peloton Interactive in a research note on Tuesday, February 3rd. Five 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. Based on data from MarketBeat, Peloton Interactive currently has an average rating of “Hold” and an average price target of $8.25.

About Peloton Interactive

Peloton Interactive, Inc operates a digital fitness platform that combines connected exercise equipment with live and on-demand workout classes. The company’s core products include stationary bikes (Peloton Bike and Bike+), treadmills (Peloton Tread and Tread+), and the Peloton Row. Each device integrates a touchscreen display that streams instructor-led cycling, running, strength, yoga, meditation and other fitness classes. Peloton generates recurring revenue through subscription plans, which grant users access to its growing library of workouts, performance tracking tools and community features.

Founded in 2012 by John Foley and headquartered in New York City, Peloton set out to deliver an immersive home-fitness experience by blending hardware, software and content.