Insider Selling: Peloton Interactive, Inc. (NASDAQ:PTON) CEO Sells 14,841 Shares of Stock

Peloton Interactive, Inc. (NASDAQ:PTON) CEO Karen Boone sold 14,841 shares of the company’s stock in a transaction dated Monday, July 1st. The stock was sold at an average price of $3.31, for a total transaction of $49,123.71. Following the transaction, the chief executive officer now owns 116,171 shares in the company, valued at $384,526.01. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

Peloton Interactive Stock Up 4.3 %

Shares of PTON stock traded up $0.14 during mid-day trading on Tuesday, hitting $3.39. 6,998,291 shares of the company’s stock were exchanged, compared to its average volume of 15,858,152. The stock has a 50-day simple moving average of $3.58 and a two-hundred day simple moving average of $4.40. Peloton Interactive, Inc. has a fifty-two week low of $2.70 and a fifty-two week high of $9.87. The stock has a market cap of $1.26 billion, a price-to-earnings ratio of -1.55 and a beta of 2.02.

Peloton Interactive (NASDAQ:PTON) last issued its quarterly earnings results on Thursday, May 2nd. The company reported ($0.45) EPS for the quarter, missing the consensus estimate of ($0.39) by ($0.06). The company had revenue of $717.70 million for the quarter, compared to analysts’ expectations of $720.85 million. The business’s revenue was down 4.2% compared to the same quarter last year. During the same period last year, the business earned ($0.79) earnings per share. As a group, analysts anticipate that Peloton Interactive, Inc. will post -1.62 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in PTON. Jacobs Levy Equity Management Inc. acquired a new stake in Peloton Interactive during the first quarter worth about $5,877,000. Evergreen Wealth Solutions LLC purchased a new stake in shares of Peloton Interactive during the 1st quarter worth about $48,000. Sheaff Brock Investment Advisors LLC acquired a new stake in Peloton Interactive during the 1st quarter worth approximately $44,000. Vanguard Group Inc. raised its holdings in Peloton Interactive by 4.0% in the first quarter. Vanguard Group Inc. now owns 31,554,832 shares of the company’s stock valued at $135,212,000 after buying an additional 1,215,397 shares during the period. Finally, Russell Investments Group Ltd. lifted its position in Peloton Interactive by 25,397.7% during the first quarter. Russell Investments Group Ltd. now owns 393,685 shares of the company’s stock valued at $1,687,000 after buying an additional 392,141 shares in the last quarter. 77.01% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on PTON shares. JPMorgan Chase & Co. lowered their price target on Peloton Interactive from $8.00 to $7.00 and set an “overweight” rating on the stock in a report on Friday, May 3rd. Telsey Advisory Group reissued a “market perform” rating and issued a $4.00 target price (down previously from $5.00) on shares of Peloton Interactive in a report on Monday, April 29th. Sanford C. Bernstein cut Peloton Interactive from an “outperform” rating to a “market perform” rating and dropped their price target for the company from $8.00 to $3.80 in a research report on Friday, May 3rd. Oppenheimer reiterated an “outperform” rating on shares of Peloton Interactive in a research report on Tuesday, May 7th. Finally, BMO Capital Markets lowered their price objective on shares of Peloton Interactive from $7.50 to $6.50 and set a “market perform” rating on the stock in a research note on Friday, May 3rd. Two investment analysts have rated the stock with a sell rating, fifteen have given a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $5.09.

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.