Insider Selling: Peloton Interactive (NASDAQ:PTON) COO Sells $20,755.02 in Stock

Peloton Interactive, Inc. (NASDAQ:PTON) COO Charles Peter Kirol sold 3,198 shares of the business’s stock in a transaction dated Monday, July 20th. The shares were sold at an average price of $6.49, for a total value of $20,755.02. Following the completion of the sale, the chief operating officer directly owned 161,242 shares of the company’s stock, valued at $1,046,460.58. The trade was a 1.94% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Peloton Interactive Stock Down 3.2%

Shares of NASDAQ PTON opened at $6.38 on Friday. The stock has a market cap of $2.76 billion, a PE ratio of 159.54, a price-to-earnings-growth ratio of 0.49 and a beta of 2.52. Peloton Interactive, Inc. has a 52-week low of $3.65 and a 52-week high of $9.20. The business has a 50-day moving average price of $5.95 and a 200 day moving average price of $5.24.

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

Analyst Ratings Changes

PTON has been the subject of a number of recent research reports. Weiss Ratings upgraded shares of Peloton Interactive from a “sell (d)” rating to a “sell (d+)” rating in a research note on Tuesday, May 26th. Wall Street Zen upgraded shares of Peloton Interactive from a “hold” rating to a “buy” rating in a research note on Saturday, May 16th. The Goldman Sachs Group upped their target price on shares of Peloton Interactive from $7.00 to $8.00 and gave the company a “buy” rating in a report on Friday, May 8th. Telsey Advisory Group reiterated a “market perform” rating on shares of Peloton Interactive in a research note on Wednesday, May 27th. Finally, UBS Group reissued a “buy” rating on shares of Peloton Interactive in a report on Monday, June 15th. Five investment analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $7.94.

Institutional Investors Weigh In On Peloton Interactive

Large investors have recently modified their holdings of the stock. Vanguard Group Inc. grew its position in Peloton Interactive by 1.5% in the 4th quarter. Vanguard Group Inc. now owns 39,227,591 shares of the company’s stock valued at $241,642,000 after buying an additional 591,300 shares during the last quarter. Eminence Capital LP raised its position in Peloton Interactive by 20.3% during the 4th quarter. Eminence Capital LP now owns 18,154,907 shares of the company’s stock worth $111,834,000 after buying an additional 3,069,497 shares during the last quarter. DNB Asset Management AS lifted its stake in shares of Peloton Interactive by 142.4% in the 4th quarter. DNB Asset Management AS now owns 10,776,627 shares of the company’s stock worth $66,384,000 after acquiring an additional 6,331,510 shares during the period. Geode Capital Management LLC lifted its stake in shares of Peloton Interactive by 3.9% in the 4th quarter. Geode Capital Management LLC now owns 9,741,115 shares of the company’s stock worth $60,015,000 after acquiring an additional 369,614 shares during the period. Finally, Goldman Sachs Group Inc. boosted its holdings in shares of Peloton Interactive by 27.1% in the first quarter. Goldman Sachs Group Inc. now owns 7,056,642 shares of the company’s stock valued at $44,598,000 after acquiring an additional 1,503,680 shares in the last quarter. Hedge funds and other institutional investors own 77.01% of the company’s stock.

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.