Charles Peter Kirol Sells 3,399 Shares of Peloton Interactive (NASDAQ:PTON) Stock

Peloton Interactive, Inc. (NASDAQ:PTON) COO Charles Peter Kirol sold 3,399 shares of the firm’s stock in a transaction that occurred on Wednesday, January 21st. The stock was sold at an average price of $5.85, for a total transaction of $19,884.15. Following the sale, the chief operating officer directly owned 77,602 shares in the company, valued at $453,971.70. The trade was a 4.20% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

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

• On Friday, January 16th, Charles Peter Kirol sold 22,520 shares of Peloton Interactive stock. The stock was sold at an average price of $6.47, for a total transaction of $145,704.40.
• On Monday, November 17th, Charles Peter Kirol sold 7,936 shares of Peloton Interactive stock. The shares were sold at an average price of $7.29, for a total transaction of $57,853.44.

Peloton Interactive Stock Performance

PTON opened at $5.80 on Friday. The company has a fifty day moving average of $6.44 and a two-hundred day moving average of $7.15. The stock has a market capitalization of $2.42 billion, a price-to-earnings ratio of -20.71, a PEG ratio of 1.75 and a beta of 2.40. Peloton Interactive, Inc. has a fifty-two week low of $4.63 and a fifty-two week high of $10.25.

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

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on the company. Guggenheim assumed coverage on Peloton Interactive in a research note on Wednesday, December 10th. They set a “neutral” rating for the company. Citigroup cut their price target on shares of Peloton Interactive from $9.50 to $8.25 and set a “neutral” rating for the company in a report on Thursday, November 20th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Peloton Interactive in a report on Friday, January 9th. Morgan Stanley lifted their target price on shares of Peloton Interactive from $6.00 to $6.50 and gave the company an “equal weight” rating in a research report on Wednesday, November 19th. Finally, The Goldman Sachs Group restated a “buy” rating and set a $11.50 price target on shares of Peloton Interactive in a research report on Thursday, October 2nd. Eight investment analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, Peloton Interactive has a consensus rating of “Hold” and a consensus price target of $9.86.

Institutional Investors Weigh In On Peloton Interactive

A number of large investors have recently modified their holdings of PTON. Vident Advisory LLC lifted its stake in shares of Peloton Interactive by 1.1% in the second quarter. Vident Advisory LLC now owns 110,258 shares of the company’s stock worth $765,000 after buying an additional 1,180 shares in the last quarter. Cresset Asset Management LLC raised its holdings in Peloton Interactive by 11.9% in the 3rd quarter. Cresset Asset Management LLC now owns 12,748 shares of the company’s stock valued at $115,000 after acquiring an additional 1,354 shares during the last quarter. Kirr Marbach & Co. LLC IN lifted its stake in Peloton Interactive by 0.3% in the 3rd quarter. Kirr Marbach & Co. LLC IN now owns 471,946 shares of the company’s stock worth $4,248,000 after purchasing an additional 1,464 shares in the last quarter. Vise Technologies Inc. lifted its stake in Peloton Interactive by 10.3% in the 3rd quarter. Vise Technologies Inc. now owns 15,680 shares of the company’s stock worth $141,000 after purchasing an additional 1,466 shares in the last quarter. Finally, Principal Financial Group Inc. boosted its holdings in shares of Peloton Interactive by 6.0% during the 3rd quarter. Principal Financial Group Inc. now owns 27,126 shares of the company’s stock worth $244,000 after purchasing an additional 1,526 shares during the last quarter. Hedge funds and other institutional investors own 77.01% of the company’s stock.

About Peloton Interactive

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.