Karen Boone Sells 25,000 Shares of Peloton Interactive (NASDAQ:PTON) Stock

Peloton Interactive, Inc. (NASDAQ:PTON) Director Karen Boone sold 25,000 shares of the business’s stock in a transaction that occurred on Monday, August 17th. The stock was sold at an average price of $5.35, for a total value of $133,750.00. Following the sale, the director directly owned 236,063 shares of the company’s stock, valued at $1,262,937.05. This represents a 9.58% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Peloton Interactive Stock Up 3.0%

Shares of Peloton Interactive stock opened at $5.47 on Thursday. Peloton Interactive, Inc. has a 52 week low of $3.65 and a 52 week high of $9.20. The business has a 50 day moving average price of $5.90 and a 200-day moving average price of $5.20. The company has a market cap of $2.40 billion, a PE ratio of 45.59, a price-to-earnings-growth ratio of 0.47 and a beta of 2.52.

Peloton Interactive (NASDAQ:PTON) last announced its earnings results on Thursday, August 6th. The company reported $0.13 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.11 by $0.02. Peloton Interactive had a negative return on equity of 23.92% and a net margin of 2.58%.The company had revenue of $607.70 million for the quarter, compared to analysts’ expectations of $596.60 million. During the same quarter in the previous year, the firm earned $0.05 earnings per share. Peloton Interactive’s quarterly revenue was up .1% on a year-over-year basis. As a group, research analysts anticipate that Peloton Interactive, Inc. will post 0.28 EPS for the current year.

Analysts Set New Price Targets

A number of equities analysts have issued reports on the stock. The Goldman Sachs Group lifted their price objective on shares of Peloton Interactive from $7.00 to $8.00 and gave the stock a “buy” rating in a report on Friday, May 8th. Telsey Advisory Group reissued a “market perform” rating on shares of Peloton Interactive in a research report on Monday, August 3rd. Weiss Ratings raised shares of Peloton Interactive from a “sell (d)” rating to a “sell (d+)” rating in a research report on Tuesday, May 26th. Wall Street Zen upgraded shares of Peloton Interactive from a “hold” rating to a “buy” rating in a report on Saturday, May 16th. Finally, UBS Group reaffirmed a “buy” rating on shares of Peloton Interactive in a research report on Monday, June 15th. Five analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, Peloton Interactive currently has a consensus rating of “Hold” and an average price target of $7.94.

Institutional Trading of Peloton Interactive

A number of hedge funds have recently bought and sold shares of the business. Vident Advisory LLC boosted its position in 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 purchasing an additional 1,180 shares during the last quarter. Cresset Asset Management LLC increased its position in shares of Peloton Interactive by 11.9% during the 3rd quarter. Cresset Asset Management LLC now owns 12,748 shares of the company’s stock valued at $115,000 after purchasing an additional 1,354 shares during the last quarter. Vise Technologies Inc. increased its position in shares of Peloton Interactive by 10.3% during the 3rd quarter. Vise Technologies Inc. now owns 15,680 shares of the company’s stock valued at $141,000 after purchasing an additional 1,466 shares during the last quarter. Principal Financial Group Inc. increased its position in shares of Peloton Interactive by 10.2% during the 1st quarter. Principal Financial Group Inc. now owns 21,263 shares of the company’s stock valued at $91,000 after purchasing an additional 1,967 shares during the last quarter. Finally, NewEdge Advisors LLC raised its stake in shares of Peloton Interactive by 21.8% during the 1st quarter. NewEdge Advisors LLC now owns 12,405 shares of the company’s stock worth $53,000 after purchasing an additional 2,223 shares during the period. 77.01% of the stock is currently owned by institutional investors.

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.