Insider Selling: Peloton Interactive, Inc. (NASDAQ:PTON) Director Sells 17,259 Shares of Stock

Peloton Interactive, Inc. (NASDAQ:PTON) Director Karen Boone sold 17,259 shares of the stock in a transaction that occurred on Thursday, January 2nd. The shares were sold at an average price of $8.63, for a total transaction of $148,945.17. Following the completion of the sale, the director now directly owns 244,641 shares of the company’s stock, valued at $2,111,251.83. This trade represents a 6.59 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

Karen Boone also recently made the following trade(s):

• On Thursday, December 5th, Karen Boone sold 16,925 shares of Peloton Interactive stock. The shares were sold at an average price of $9.64, for a total transaction of $163,157.00.
• On Friday, November 1st, Karen Boone sold 13,484 shares of Peloton Interactive stock. The stock was sold at an average price of $8.27, for a total transaction of $111,512.68.

Peloton Interactive Trading Up 2.7 %

Shares of NASDAQ PTON opened at $9.07 on Friday. Peloton Interactive, Inc. has a twelve month low of $2.70 and a twelve month high of $10.90. The firm has a 50-day moving average of $8.91 and a two-hundred day moving average of $5.81. The company has a market capitalization of $3.46 billion, a price-to-earnings ratio of -8.48 and a beta of 1.90.

Peloton Interactive (NASDAQ:PTON) last released its earnings results on Thursday, October 31st. The company reported ($0.16) EPS for the quarter, missing the consensus estimate of ($0.15) by ($0.01). The company had revenue of $586.00 million for the quarter, compared to analyst estimates of $572.97 million. Peloton Interactive’s revenue was down 1.6% on a year-over-year basis. During the same period in the previous year, the company posted ($0.44) earnings per share. As a group, research analysts predict that Peloton Interactive, Inc. will post -0.38 earnings per share for the current year.

Hedge Funds Weigh In On Peloton Interactive

A number of hedge funds have recently modified their holdings of PTON. Mercer Global Advisors Inc. ADV acquired a new position in shares of Peloton Interactive in the 2nd quarter valued at $27,000. Point72 Asia Singapore Pte. Ltd. boosted its holdings in shares of Peloton Interactive by 31.9% in the third quarter. Point72 Asia Singapore Pte. Ltd. now owns 6,605 shares of the company’s stock worth $31,000 after buying an additional 1,597 shares during the period. CIBC Asset Management Inc purchased a new position in shares of Peloton Interactive in the second quarter worth approximately $35,000. Schneider Downs Wealth Management Advisors LP acquired a new stake in shares of Peloton Interactive during the second quarter valued at approximately $35,000. Finally, Koss Olinger Consulting LLC purchased a new stake in shares of Peloton Interactive in the 2nd quarter valued at approximately $36,000. 77.01% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on PTON. Robert W. Baird lifted their target price on Peloton Interactive from $4.75 to $8.00 and gave the stock a “neutral” rating in a research report on Friday, November 1st. Truist Financial upped their target price on Peloton Interactive from $6.00 to $10.00 and gave the company a “hold” rating in a research report on Friday, November 1st. Bank of America raised shares of Peloton Interactive from an “underperform” rating to a “buy” rating and raised their price target for the stock from $3.75 to $9.00 in a research report on Monday, November 4th. UBS Group upgraded shares of Peloton Interactive from a “sell” rating to a “neutral” rating and increased their price objective for the company from $2.50 to $10.00 in a research note on Friday, December 6th. Finally, JPMorgan Chase & Co. raised their price objective on shares of Peloton Interactive from $5.00 to $7.00 and gave the stock a “neutral” rating in a report on Friday, November 1st. Sixteen investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Peloton Interactive has an average rating of “Hold” and a consensus price target of $6.97.

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.