Peloton Interactive (NASDAQ:PTON) COO Charles Peter Kirol Sells 22,520 Shares

Peloton Interactive, Inc. (NASDAQ:PTON) COO Charles Peter Kirol sold 22,520 shares of the business’s stock in a transaction on Friday, January 16th. The shares were sold at an average price of $6.47, for a total transaction of $145,704.40. Following the sale, the chief operating officer owned 81,001 shares of the company’s stock, valued at approximately $524,076.47. This represents a 21.75% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link.

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

• On Monday, November 17th, Charles Peter Kirol sold 7,936 shares of Peloton Interactive stock. The stock was sold at an average price of $7.29, for a total value of $57,853.44.
• On Wednesday, October 22nd, Charles Peter Kirol sold 8,989 shares of Peloton Interactive stock. The stock was sold at an average price of $8.00, for a total value of $71,912.00.

Peloton Interactive Trading Down 7.4%

PTON stock traded down $0.47 during trading on Tuesday, reaching $5.86. The stock had a trading volume of 13,768,915 shares, compared to its average volume of 11,160,859. The firm has a market cap of $2.45 billion, a PE ratio of -20.93, a PEG ratio of 1.91 and a beta of 2.40. The stock’s 50 day moving average is $6.56 and its two-hundred day moving average is $7.17. Peloton Interactive, Inc. has a 52 week low of $4.63 and a 52 week high of $10.25.

Peloton Interactive (NASDAQ:PTON) last released its quarterly earnings results on Thursday, November 6th. The company reported $0.03 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.01 by $0.02. The firm had revenue of $550.80 million for the quarter, compared to the consensus estimate of $540.61 million. The business’s quarterly revenue was down 6.0% on a year-over-year basis. On average, research analysts anticipate that Peloton Interactive, Inc. will post -0.36 EPS for the current year.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on PTON. Macquarie increased their price target on shares of Peloton Interactive from $11.00 to $12.00 and gave the stock an “outperform” rating in a research report on Tuesday, November 11th. Citigroup decreased their target price on Peloton Interactive from $9.50 to $8.25 and set a “neutral” rating on the stock in a report on Thursday, November 20th. Zacks Research downgraded Peloton Interactive from a “strong-buy” rating to a “hold” rating in a research report on Friday, November 7th. Morgan Stanley upped their price target on Peloton Interactive from $6.00 to $6.50 and gave the stock an “equal weight” rating in a research report on Wednesday, November 19th. Finally, 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, October 2nd. Eight investment analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $9.86.

Hedge Funds Weigh In On Peloton Interactive

Several large investors have recently made changes to their positions in the business. Bessemer Group Inc. boosted its stake in shares of Peloton Interactive by 1,602.6% in the second quarter. Bessemer Group Inc. now owns 5,312 shares of the company’s stock worth $37,000 after acquiring an additional 5,000 shares during the period. Advisory Services Network LLC purchased a new position in shares of Peloton Interactive in the third quarter valued at $48,000. MAI Capital Management increased its holdings in shares of Peloton Interactive by 64.6% in the 2nd quarter. MAI Capital Management now owns 5,498 shares of the company’s stock worth $38,000 after buying an additional 2,158 shares during the last quarter. Quarry LP purchased a new stake in shares of Peloton Interactive during the 3rd quarter valued at about $71,000. Finally, Farther Finance Advisors LLC lifted its holdings in shares of Peloton Interactive by 158.3% in the 3rd quarter. Farther Finance Advisors LLC now owns 7,986 shares of the company’s stock valued at $72,000 after acquiring an additional 4,894 shares during the last quarter. 77.01% of the stock is currently owned by hedge funds and other institutional investors.

Peloton Interactive Company Profile

Peloton Interactive, Inc operates a digital fitness platform that combines connected exercise equipment with live and on-demand workout classes. The company’s core products include stationary bikes (Peloton Bike and Bike+), treadmills (Peloton Tread and Tread+), and the Peloton Row. Each device integrates a touchscreen display that streams instructor-led cycling, running, strength, yoga, meditation and other fitness classes. Peloton generates recurring revenue through subscription plans, which grant users access to its growing library of workouts, performance tracking tools and community features.

Founded in 2012 by John Foley and headquartered in New York City, Peloton set out to deliver an immersive home-fitness experience by blending hardware, software and content.