Insider Selling: Peloton Interactive (NASDAQ:PTON) COO Sells $20,755.02 in Stock

Peloton Interactive, Inc. (NASDAQ:PTON) COO Charles Peter Kirol sold 3,198 shares of the stock in a transaction that occurred on Monday, July 20th. The shares were sold at an average price of $6.49, for a total transaction of $20,755.02. Following the sale, the chief operating officer owned 161,242 shares in the company, valued at approximately $1,046,460.58. The trade was a 1.94% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Peloton Interactive Stock Performance

Shares of PTON traded up $0.18 on Tuesday, hitting $6.45. 3,266,591 shares of the stock traded hands, compared to its average volume of 12,878,727. Peloton Interactive, Inc. has a one year low of $3.65 and a one year high of $9.20. The company has a market capitalization of $2.79 billion, a PE ratio of 160.67, a P/E/G ratio of 0.45 and a beta of 2.52. The business has a 50 day simple moving average of $5.87 and a 200 day simple moving average of $5.24.

Peloton Interactive (NASDAQ:PTON) last issued its earnings results on Thursday, May 7th. The company reported $0.06 EPS for the quarter, missing the consensus estimate of $0.07 by ($0.01). Peloton Interactive had a net margin of 0.94% and a negative return on equity of 6.95%. The company’s revenue for the quarter was up 1.1% on a year-over-year basis. During the same period in the previous year, the company earned ($0.12) EPS. On average, equities analysts expect that Peloton Interactive, Inc. will post 0.13 earnings per share for the current year.

Institutional Trading of Peloton Interactive

Several large investors have recently added to or reduced their stakes in the business. Hennessy Advisors Inc. purchased a new stake in shares of Peloton Interactive in the 4th quarter worth $30,533,000. Jackson Creek Investment Advisors LLC purchased a new position in Peloton Interactive during the fourth quarter valued at $1,110,000. Vanguard Group Inc. grew its holdings in Peloton Interactive by 1.5% during the fourth quarter. Vanguard Group Inc. now owns 39,227,591 shares of the company’s stock valued at $241,642,000 after purchasing an additional 591,300 shares during the period. Bastion Asset Management Inc. bought a new stake in Peloton Interactive during the first quarter valued at about $7,020,000. Finally, Jupiter Asset Management Ltd. increased its position in Peloton Interactive by 18.3% in the fourth quarter. Jupiter Asset Management Ltd. now owns 1,849,503 shares of the company’s stock worth $11,393,000 after buying an additional 286,254 shares in the last quarter. 77.01% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on PTON shares. Weiss Ratings upgraded Peloton Interactive from a “sell (d)” rating to a “sell (d+)” rating in a report on Tuesday, May 26th. Telsey Advisory Group reaffirmed a “market perform” rating on shares of Peloton Interactive in a report on Wednesday, May 27th. The Goldman Sachs Group lifted their price target on shares of Peloton Interactive from $7.00 to $8.00 and gave the stock a “buy” rating in a research note on Friday, May 8th. UBS Group restated a “buy” rating on shares of Peloton Interactive in a research report on Monday, June 15th. Finally, Wall Street Zen upgraded shares of Peloton Interactive from a “hold” rating to a “buy” rating in a report on Saturday, May 16th. Five 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, the stock currently has a consensus rating of “Hold” and an average price target of $8.25.

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.