Peloton Interactive (NASDAQ:PTON) COO Sells $80,721.00 in Stock

Peloton Interactive, Inc. (NASDAQ:PTON) COO Charles Peter Kirol sold 8,969 shares of the stock in a transaction on Tuesday, September 30th. The stock was sold at an average price of $9.00, for a total transaction of $80,721.00. Following the completion of the transaction, the chief operating officer directly owned 14,352 shares in the company, valued at $129,168. The trade was a 38.46% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Charles Peter Kirol also recently made the following trade(s):

• On Thursday, September 4th, Charles Peter Kirol sold 8,969 shares of Peloton Interactive stock. The stock was sold at an average price of $8.00, for a total transaction of $71,752.00.
• On Thursday, August 28th, Charles Peter Kirol sold 3,587 shares of Peloton Interactive stock. The stock was sold at an average price of $7.60, for a total transaction of $27,261.20.
• On Wednesday, July 16th, Charles Peter Kirol sold 20,633 shares of Peloton Interactive stock. The stock was sold at an average price of $6.39, for a total transaction of $131,844.87.

Peloton Interactive Price Performance

Shares of NASDAQ:PTON opened at $8.58 on Friday. The company’s fifty day moving average price is $7.86 and its 200-day moving average price is $6.97. The firm has a market capitalization of $3.50 billion, a price-to-earnings ratio of -27.68, a PEG ratio of 3.33 and a beta of 2.27. Peloton Interactive, Inc. has a one year low of $4.52 and a one year high of $10.90.

Peloton Interactive (NASDAQ:PTON) last issued its quarterly earnings results on Thursday, August 7th. The company reported $0.05 EPS for the quarter, topping analysts’ consensus estimates of ($0.07) by $0.12. The company had revenue of $606.90 million during the quarter, compared to the consensus estimate of $580.29 million. During the same period in the previous year, the company earned ($0.08) EPS. Peloton Interactive’s quarterly revenue was down 5.8% on a year-over-year basis. Peloton Interactive has set its FY 2025 guidance at EPS. As a group, equities research analysts expect that Peloton Interactive, Inc. will post -0.36 EPS for the current year.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the stock. Oder Investment Management LLC bought a new position in Peloton Interactive in the 1st quarter worth $336,000. Wealth Enhancement Advisory Services LLC raised its holdings in Peloton Interactive by 385.6% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 60,476 shares of the company’s stock worth $382,000 after purchasing an additional 48,023 shares in the last quarter. Teacher Retirement System of Texas bought a new position in Peloton Interactive in the 1st quarter worth $431,000. Resolute Capital Asset Partners LLC bought a new position in Peloton Interactive in the 1st quarter worth $790,000. Finally, Panagora Asset Management Inc. raised its holdings in Peloton Interactive by 214.5% in the 1st quarter. Panagora Asset Management Inc. now owns 745,041 shares of the company’s stock worth $4,709,000 after purchasing an additional 508,160 shares in the last quarter. 77.01% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

PTON has been the subject of a number of research reports. The Goldman Sachs Group reaffirmed a “buy” rating and issued a $11.50 price objective on shares of Peloton Interactive in a research note on Thursday. Truist Financial set a $11.00 price objective on shares of Peloton Interactive in a research note on Thursday, August 7th. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Peloton Interactive in a research note on Saturday, September 27th. Canaccord Genuity Group reaffirmed a “buy” rating and issued a $10.00 price objective on shares of Peloton Interactive in a research note on Thursday. Finally, Needham & Company LLC reaffirmed a “hold” rating on shares of Peloton Interactive in a research note on Thursday, August 7th. Eight equities research analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $9.36.

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.