Insider Selling: Peloton Interactive, Inc. (NASDAQ:PTON) CEO Sells $49,123.71 in Stock

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

Peloton Interactive Stock Down 0.6 %

Shares of NASDAQ:PTON opened at $3.37 on Friday. The business’s 50 day moving average is $3.59 and its 200 day moving average is $4.37. Peloton Interactive, Inc. has a 12-month low of $2.70 and a 12-month high of $9.87.

Peloton Interactive (NASDAQ:PTON) last announced 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 firm had revenue of $717.70 million for the quarter, compared to the consensus estimate of $720.85 million. During the same period in the prior year, the company posted ($0.79) EPS. Peloton Interactive’s revenue was down 4.2% compared to the same quarter last year. Analysts forecast that Peloton Interactive, Inc. will post -1.62 EPS for the current fiscal year.

Institutional Investors Weigh In On Peloton Interactive

A number of hedge funds have recently made changes to their positions in the business. Rakuten Securities Inc. purchased a new position in Peloton Interactive in the fourth quarter valued at about $47,000. Johnson & White Wealth Management LLC purchased a new position in Peloton Interactive in the first quarter valued at approximately $43,000. Sheaff Brock Investment Advisors LLC bought a new position in Peloton Interactive during the first quarter valued at $44,000. Abundance Wealth Counselors purchased a new stake in Peloton Interactive in the first quarter worth $46,000. Finally, Evergreen Wealth Solutions LLC bought a new stake in shares of Peloton Interactive in the first quarter valued at $48,000. 77.01% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

PTON has been the topic of several recent analyst reports. Bank of America dropped their target price on shares of Peloton Interactive from $4.00 to $3.25 and set an “underperform” rating on the stock in a report on Monday, April 29th. The Goldman Sachs Group cut their target price on Peloton Interactive from $5.75 to $3.50 and set a “neutral” rating on the stock in a research report on Friday, May 3rd. Roth Mkm lowered their target price on Peloton Interactive from $7.00 to $5.00 and set a “buy” rating for the company in a report on Friday, May 3rd. Robert W. Baird increased their price target on Peloton Interactive from $3.50 to $4.00 and gave the stock a “neutral” rating in a report on Tuesday, May 21st. Finally, Sanford C. Bernstein lowered shares of Peloton Interactive from an “outperform” rating to a “market perform” rating and lowered their price objective for the company from $8.00 to $3.80 in a research note on Friday, May 3rd. Two investment analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and four have issued a buy rating to the stock. According to MarketBeat, Peloton Interactive has a consensus rating of “Hold” and a consensus price target 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.