Peloton Interactive (NASDAQ:PTON) COO Charles Peter Kirol Sells 3,670 Shares of Stock

Peloton Interactive, Inc. (NASDAQ:PTON) COO Charles Peter Kirol sold 3,670 shares of the business’s stock in a transaction that occurred on Monday, April 20th. The shares were sold at an average price of $5.16, for a total transaction of $18,937.20. Following the completion of the sale, the chief operating officer directly owned 121,442 shares in the company, valued at approximately $626,640.72. This trade represents a 2.93% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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

• On Thursday, April 16th, Charles Peter Kirol sold 19,806 shares of Peloton Interactive stock. The shares were sold at an average price of $5.02, for a total transaction of $99,426.12.
• On Tuesday, February 17th, Charles Peter Kirol sold 6,419 shares of Peloton Interactive stock. The shares were sold at an average price of $4.14, for a total transaction of $26,574.66.

Peloton Interactive Stock Up 0.4%

NASDAQ PTON opened at $5.02 on Thursday. The company’s 50 day moving average is $4.28 and its 200-day moving average is $5.79. Peloton Interactive, Inc. has a 12-month low of $3.65 and a 12-month high of $9.20. The firm has a market cap of $2.14 billion, a P/E ratio of -38.62, a price-to-earnings-growth ratio of 0.82 and a beta of 2.37.

Peloton Interactive (NASDAQ:PTON) last posted its quarterly earnings results on Thursday, February 5th. The company reported ($0.09) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.07) by ($0.02). The firm had revenue of $656.50 million for the quarter, compared to the consensus estimate of $675.04 million. During the same quarter in the prior year, the business posted ($0.24) earnings per share. The firm’s revenue for the quarter was down 2.5% on a year-over-year basis. Equities analysts expect that Peloton Interactive, Inc. will post 0.14 EPS for the current year.

Hedge Funds Weigh In On Peloton Interactive

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Pictet Asset Management Holding SA grew its stake in Peloton Interactive by 17.3% in the 1st quarter. Pictet Asset Management Holding SA now owns 55,433 shares of the company’s stock worth $238,000 after buying an additional 8,170 shares in the last quarter. Benefit Street Partners LLC purchased a new position in Peloton Interactive in the 1st quarter worth approximately $1,072,000. Assenagon Asset Management S.A. grew its stake in Peloton Interactive by 36.0% in the 1st quarter. Assenagon Asset Management S.A. now owns 57,036 shares of the company’s stock worth $245,000 after buying an additional 15,087 shares in the last quarter. Cora Capital Advisors LLC purchased a new position in Peloton Interactive in the 1st quarter worth approximately $43,000. Finally, Krilogy Financial LLC purchased a new position in Peloton Interactive in the 1st quarter worth approximately $96,000. Hedge funds and other institutional investors own 77.01% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on PTON shares. JPMorgan Chase & Co. decreased their target price on shares of Peloton Interactive from $9.00 to $6.00 and set a “neutral” rating on the stock in a report on Friday, February 6th. Citigroup decreased their target price on shares of Peloton Interactive from $8.25 to $5.00 and set a “neutral” rating on the stock in a report on Thursday, February 12th. Telsey Advisory Group decreased their target price on shares of Peloton Interactive from $8.00 to $6.00 and set a “market perform” rating on the stock in a report on Friday, February 6th. Wall Street Zen lowered shares of Peloton Interactive from a “buy” rating to a “hold” rating in a report on Saturday, April 18th. Finally, Truist Financial decreased their target price on shares of Peloton Interactive from $12.00 to $9.00 and set a “buy” rating on the stock in a report on Friday, February 6th. Five investment analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, Peloton Interactive has an average rating of “Hold” and an average target price of $8.60.

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.