Insider Selling: Peloton Interactive, Inc. (NASDAQ:PTON) Insider Sells 138,391 Shares of Stock

Peloton Interactive, Inc. (NASDAQ:PTON) insider Andrew S. Rendich sold 138,391 shares of the business’s stock in a transaction dated Monday, November 18th. The shares were sold at an average price of $7.51, for a total transaction of $1,039,316.41. Following the completion of the sale, the insider now owns 287,973 shares in the company, valued at approximately $2,162,677.23. This trade represents a 32.46 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink.

Peloton Interactive Stock Up 4.9 %

Peloton Interactive stock traded up $0.37 during mid-day trading on Tuesday, hitting $7.95. The company’s stock had a trading volume of 9,223,648 shares, compared to its average volume of 16,419,197. The firm’s 50 day moving average is $5.87 and its 200 day moving average is $4.46. Peloton Interactive, Inc. has a 52-week low of $2.70 and a 52-week high of $8.97.

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

Hedge Funds Weigh In On Peloton Interactive

Several hedge funds and other institutional investors have recently modified their holdings of PTON. Vanguard Group Inc. increased its holdings in Peloton Interactive by 4.0% during the 1st quarter. Vanguard Group Inc. now owns 31,554,832 shares of the company’s stock valued at $135,212,000 after purchasing an additional 1,215,397 shares in the last quarter. Gtcr LLC acquired a new stake in shares of Peloton Interactive in the 3rd quarter valued at $65,520,000. DNB Asset Management AS grew its stake in shares of Peloton Interactive by 42.4% during the second quarter. DNB Asset Management AS now owns 12,130,553 shares of the company’s stock worth $40,880,000 after purchasing an additional 3,611,069 shares during the period. Two Sigma Advisers LP grew its stake in shares of Peloton Interactive by 2.9% during the third quarter. Two Sigma Advisers LP now owns 7,440,900 shares of the company’s stock worth $34,823,000 after purchasing an additional 206,500 shares during the period. Finally, DME Capital Management LP acquired a new stake in shares of Peloton Interactive during the second quarter worth $22,947,000. Institutional investors own 77.01% of the company’s stock.

Analysts Set New Price Targets

Several analysts recently issued reports on PTON shares. BMO Capital Markets boosted their price objective on shares of Peloton Interactive from $6.50 to $8.50 and gave the company a “market perform” rating in a report on Monday, November 4th. Truist Financial boosted their price target on shares of Peloton Interactive from $6.00 to $10.00 and gave the stock a “hold” rating in a research note on Friday, November 1st. Needham & Company LLC restated a “hold” rating on shares of Peloton Interactive in a research note on Friday, November 1st. Telsey Advisory Group upped their price target on Peloton Interactive from $5.00 to $9.00 and gave the company a “market perform” rating in a report on Friday, November 1st. Finally, Canaccord Genuity Group upped their price target on Peloton Interactive from $4.00 to $5.00 and gave the company a “hold” rating in a report on Friday, August 23rd. Fifteen analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $6.75.

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.