Karen Boone Sells 13,484 Shares of Peloton Interactive, Inc. (NASDAQ:PTON) Stock

Peloton Interactive, Inc. (NASDAQ:PTON) CEO Karen Boone sold 13,484 shares of the company’s stock in a transaction that occurred on Friday, November 1st. The stock was sold at an average price of $8.27, for a total value of $111,512.68. Following the sale, the chief executive officer now directly owns 211,459 shares of the company’s stock, valued at $1,748,765.93. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

Peloton Interactive Stock Up 3.6 %

Peloton Interactive stock traded up $0.26 during trading hours on Monday, hitting $7.51. The stock had a trading volume of 36,996,297 shares, compared to its average volume of 16,327,741. The stock has a market cap of $2.83 billion, a price-to-earnings ratio of -7.09 and a beta of 1.92. The business’s 50 day simple moving average is $5.11 and its 200-day simple moving average is $4.07. Peloton Interactive, Inc. has a one year low of $2.70 and a one year high of $8.92.

Peloton Interactive (NASDAQ:PTON) last released its earnings results on Thursday, October 31st. The company reported ($0.16) 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 analyst estimates of $572.97 million. During the same period in the prior year, the company earned ($0.44) earnings per share. Peloton Interactive’s revenue for the quarter was down 1.6% compared to the same quarter last year. Research analysts anticipate that Peloton Interactive, Inc. will post -0.65 EPS for the current fiscal year.

Institutional Trading of Peloton Interactive

A number of hedge funds have recently bought and sold shares of the business. DME Capital Management LP purchased a new stake in Peloton Interactive in the second quarter worth $22,947,000. DNB Asset Management AS lifted its stake in 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 last quarter. Clearline Capital LP bought a new stake in Peloton Interactive during the second quarter worth about $7,527,000. Jacobs Levy Equity Management Inc. bought a new stake in Peloton Interactive during the first quarter worth about $5,877,000. Finally, Vanguard Group Inc. lifted its stake in shares of Peloton Interactive by 4.0% in the 1st quarter. Vanguard Group Inc. now owns 31,554,832 shares of the company’s stock valued at $135,212,000 after acquiring an additional 1,215,397 shares during the last quarter. 77.01% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several research analysts recently commented on PTON shares. Morgan Stanley raised their target price on Peloton Interactive from $3.50 to $5.00 and gave the stock an “equal weight” rating in a research report on Friday. Canaccord Genuity Group raised their target price on Peloton Interactive from $4.00 to $5.00 and gave the stock a “hold” rating in a research report on Friday, August 23rd. Macquarie lifted their price objective on Peloton Interactive from $4.90 to $9.00 and gave the company a “neutral” rating in a report on Friday. JMP Securities reissued a “market perform” rating on shares of Peloton Interactive in a report on Thursday, October 3rd. Finally, Bank of America raised Peloton Interactive from an “underperform” rating to a “buy” rating and lifted their price objective for the company from $3.75 to $9.00 in a report on Monday. Sixteen equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $6.57.

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.