Peloton (NASDAQ:PTON) President William Lynch sold 59,268 shares of the stock in a transaction on Tuesday, March 24th. The shares were sold at an average price of $24.41, for a total value of $1,446,731.88. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website.
William Lynch also recently made the following trade(s):
- On Tuesday, February 25th, William Lynch sold 46,544 shares of Peloton stock. The stock was sold at an average price of $27.00, for a total value of $1,256,688.00.
PTON stock traded up $1.18 during trading on Thursday, hitting $25.70. The stock had a trading volume of 784,348 shares, compared to its average volume of 8,080,654. Peloton has a twelve month low of $17.70 and a twelve month high of $37.02. The business’s 50-day moving average price is $25.98. The company has a current ratio of 3.47, a quick ratio of 3.01 and a debt-to-equity ratio of 0.32.
Peloton (NASDAQ:PTON) last released its earnings results on Wednesday, February 5th. The company reported ($0.20) earnings per share for the quarter, beating the consensus estimate of ($0.32) by $0.12. The firm had revenue of $466.30 million during the quarter, compared to analysts’ expectations of $423.74 million. The business’s revenue was up 77.4% compared to the same quarter last year. During the same quarter last year, the business earned ($4.83) EPS. As a group, equities analysts forecast that Peloton will post -1 EPS for the current fiscal year.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Advisor Group Inc. increased its stake in Peloton by 49.4% during the fourth quarter. Advisor Group Inc. now owns 2,066 shares of the company’s stock worth $59,000 after acquiring an additional 683 shares during the last quarter. Rothschild Investment Corp IL lifted its position in Peloton by 0.9% in the fourth quarter. Rothschild Investment Corp IL now owns 82,550 shares of the company’s stock valued at $2,344,000 after buying an additional 750 shares during the last quarter. Signaturefd LLC boosted its stake in Peloton by 683.6% during the fourth quarter. Signaturefd LLC now owns 1,293 shares of the company’s stock worth $37,000 after buying an additional 1,128 shares during the period. Credit Suisse AG boosted its stake in Peloton by 14.3% during the fourth quarter. Credit Suisse AG now owns 11,189 shares of the company’s stock worth $318,000 after buying an additional 1,400 shares during the period. Finally, PSI Advisors LLC purchased a new position in Peloton during the fourth quarter worth about $113,000. 25.03% of the stock is currently owned by institutional investors.
Several analysts recently issued reports on the company. Bank of America reiterated a “buy” rating and set a $36.00 target price on shares of Peloton in a research report on Tuesday, March 17th. SunTrust Banks reiterated a “buy” rating and set a $37.00 price target on shares of Peloton in a report on Thursday, February 6th. Zacks Investment Research upgraded Peloton from a “hold” rating to a “buy” rating and set a $31.00 target price for the company in a research report on Tuesday, February 11th. Macquarie initiated coverage on Peloton in a report on Friday, February 28th. They set an “outperform” rating and a $38.00 price objective on the stock. Finally, BMO Capital Markets initiated coverage on shares of Peloton in a research report on Monday, February 3rd. They set a “market perform” rating and a $27.00 target price on the stock. Four equities research analysts have rated the stock with a hold rating and twenty-three have given a buy rating to the company. Peloton currently has a consensus rating of “Buy” and an average price target of $35.87.
Peloton Interactive, Inc provides interactive fitness products in North America. It offers connected fitness products, such as the Peloton Bike and the Peloton Tread, which include touchscreen that streams live and on-demand classes. The company also provides connected fitness subscriptions for multiple household users, and access to all live and on-demand classes, as well as Peloton Digital app for connected fitness subscribers to provide access to its classes.
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