Chris Bruzzo Sells 15,113 Shares of Peloton Interactive, Inc. (NASDAQ:PTON) Stock

Peloton Interactive, Inc. (NASDAQ:PTON) CEO Chris Bruzzo sold 15,113 shares of the firm’s stock in a transaction that occurred on Thursday, August 1st. The stock was sold at an average price of $3.42, for a total transaction of $51,686.46. Following the sale, the chief executive officer now owns 97,433 shares in the company, valued at $333,220.86. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website.

Chris Bruzzo also recently made the following trade(s):

• On Tuesday, June 4th, Chris Bruzzo sold 14,936 shares of Peloton Interactive stock. The stock was sold at an average price of $3.62, for a total transaction of $54,068.32.

Peloton Interactive Stock Performance

Shares of Peloton Interactive stock traded down $0.12 during midday trading on Friday, hitting $3.20. The company had a trading volume of 8,961,983 shares, compared to its average volume of 15,019,437. Peloton Interactive, Inc. has a 52-week low of $2.70 and a 52-week high of $9.50. The company has a 50 day moving average of $3.56 and a 200 day moving average of $4.02.

Peloton Interactive (NASDAQ:PTON) last issued its 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 business had revenue of $717.70 million during the quarter, compared to analyst estimates of $720.85 million. During the same quarter last year, the company posted ($0.79) EPS. The company’s revenue was down 4.2% on a year-over-year basis. On average, equities research analysts predict that Peloton Interactive, Inc. will post -1.63 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several analysts have issued reports on PTON shares. BMO Capital Markets dropped their price target on 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. JPMorgan Chase & Co. cut their price target on shares of Peloton Interactive from $8.00 to $7.00 and set an “overweight” rating for the company in a research note on Friday, May 3rd. The Goldman Sachs Group reduced their price target on Peloton Interactive from $5.75 to $3.50 and set a “neutral” rating for the company in a report on Friday, May 3rd. Telsey Advisory Group reiterated a “market perform” rating and issued a $4.00 price objective (down from $5.00) on shares of Peloton Interactive in a report on Monday, April 29th. Finally, Bank of America decreased their target price on Peloton Interactive from $4.00 to $3.25 and set an “underperform” rating on the stock in a research report on Monday, April 29th. Two equities research analysts have rated the stock with a sell rating, sixteen have issued a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, Peloton Interactive currently has a consensus rating of “Hold” and a consensus price target of $5.09.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the company. Wolverine Asset Management LLC purchased a new stake in Peloton Interactive during the second quarter valued at approximately $845,000. Rhumbline Advisers increased its stake in shares of Peloton Interactive by 26.4% in the 2nd quarter. Rhumbline Advisers now owns 464,436 shares of the company’s stock worth $1,570,000 after purchasing an additional 96,897 shares in the last quarter. CIBC Asset Management Inc purchased a new stake in shares of Peloton Interactive in the 2nd quarter worth $35,000. nVerses Capital LLC lifted its position in Peloton Interactive by 809.5% during the second quarter. nVerses Capital LLC now owns 19,100 shares of the company’s stock valued at $65,000 after purchasing an additional 17,000 shares in the last quarter. Finally, Commonwealth Equity Services LLC grew its holdings in Peloton Interactive by 4.3% during the second quarter. Commonwealth Equity Services LLC now owns 133,765 shares of the company’s stock valued at $452,000 after purchasing an additional 5,463 shares during the period. Institutional investors own 77.01% of the company’s stock.

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.