Peloton Interactive, Inc. (NASDAQ:PTON) Director Sells $148,945.17 in Stock

Peloton Interactive, Inc. (NASDAQ:PTON) Director Karen Boone sold 17,259 shares of the company’s stock in a transaction on Thursday, January 2nd. The stock was sold at an average price of $8.63, for a total transaction of $148,945.17. Following the transaction, the director now directly owns 244,641 shares in the company, valued at approximately $2,111,251.83. This trade represents a 6.59 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Karen Boone also recently made the following trade(s):

• On Thursday, December 5th, Karen Boone sold 16,925 shares of Peloton Interactive stock. The shares were sold at an average price of $9.64, for a total transaction of $163,157.00.
• On Friday, November 1st, Karen Boone sold 13,484 shares of Peloton Interactive stock. The stock was sold at an average price of $8.27, for a total transaction of $111,512.68.

Peloton Interactive Stock Performance

PTON opened at $9.07 on Friday. Peloton Interactive, Inc. has a 1 year low of $2.70 and a 1 year high of $10.90. The company’s 50 day simple moving average is $8.91 and its 200 day simple moving average is $5.81. The stock has a market capitalization of $3.46 billion, a PE ratio of -8.48 and a beta of 1.90.

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 firm had revenue of $586.00 million for the quarter, compared to the consensus estimate of $572.97 million. The firm’s revenue for the quarter was down 1.6% on a year-over-year basis. During the same period in the previous year, the company earned ($0.44) earnings per share. As a group, sell-side analysts expect that Peloton Interactive, Inc. will post -0.38 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Peloton Interactive

Large investors have recently modified their holdings of the company. Everence Capital Management Inc. purchased a new stake in shares of Peloton Interactive during the 4th quarter worth about $125,000. Franklin Resources Inc. purchased a new stake in Peloton Interactive during the third quarter worth approximately $505,000. Sanctuary Advisors LLC acquired a new stake in shares of Peloton Interactive in the third quarter worth $58,000. XTX Topco Ltd raised its stake in shares of Peloton Interactive by 445.2% in the 3rd quarter. XTX Topco Ltd now owns 350,570 shares of the company’s stock valued at $1,641,000 after acquiring an additional 286,268 shares during the period. Finally, National Bank of Canada FI lifted its holdings in shares of Peloton Interactive by 647.5% during the 3rd quarter. National Bank of Canada FI now owns 28,749 shares of the company’s stock valued at $135,000 after acquiring an additional 24,903 shares in the last quarter. 77.01% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on PTON. BMO Capital Markets boosted their price target on Peloton Interactive from $6.50 to $8.50 and gave the stock a “market perform” rating in a research note on Monday, November 4th. UBS Group upgraded Peloton Interactive from a “sell” rating to a “neutral” rating and raised their price target for the company from $2.50 to $10.00 in a research report on Friday, December 6th. Needham & Company LLC reaffirmed a “hold” rating on shares of Peloton Interactive in a research note on Friday, November 1st. JPMorgan Chase & Co. increased their price objective on shares of Peloton Interactive from $5.00 to $7.00 and gave the company a “neutral” rating in a research note on Friday, November 1st. Finally, Bank of America upgraded shares of Peloton Interactive from an “underperform” rating to a “buy” rating and raised their target price for the company from $3.75 to $9.00 in a report on Monday, November 4th. Sixteen analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, Peloton Interactive currently has an average rating of “Hold” and a consensus target price of $6.97.

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.