Peloton Interactive (NASDAQ:PTON) COO Sells $155,593.78 in Stock

Peloton Interactive, Inc. (NASDAQ:PTON) COO Charles Peter Kirol sold 20,554 shares of the business’s stock in a transaction on Thursday, October 16th. The shares were sold at an average price of $7.57, for a total transaction of $155,593.78. Following the sale, the chief operating officer owned 50,308 shares in the company, valued at approximately $380,831.56. This trade represents a 29.01% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link.

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

• On Tuesday, September 30th, Charles Peter Kirol sold 8,969 shares of Peloton Interactive stock. The shares were sold at an average price of $9.00, for a total transaction of $80,721.00.
• On Thursday, September 4th, Charles Peter Kirol sold 8,969 shares of Peloton Interactive stock. The stock was sold at an average price of $8.00, for a total value of $71,752.00.
• On Thursday, August 28th, Charles Peter Kirol sold 3,587 shares of Peloton Interactive stock. The stock was sold at an average price of $7.60, for a total value of $27,261.20.

Peloton Interactive Price Performance

PTON opened at $7.50 on Monday. The stock has a 50-day moving average price of $7.96 and a 200-day moving average price of $7.04. The firm has a market cap of $3.06 billion, a PE ratio of -24.19, a P/E/G ratio of 2.57 and a beta of 2.27. Peloton Interactive, Inc. has a 1 year low of $4.63 and a 1 year high of $10.90.

Peloton Interactive (NASDAQ:PTON) last posted its quarterly earnings results on Thursday, August 7th. The company reported $0.05 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.07) by $0.12. The company had revenue of $606.90 million during the quarter, compared to analysts’ expectations of $580.29 million. Peloton Interactive’s revenue for the quarter was down 5.8% compared to the same quarter last year. During the same period in the prior year, the firm earned ($0.08) EPS. Peloton Interactive has set its FY 2025 guidance at EPS. As a group, sell-side analysts anticipate that Peloton Interactive, Inc. will post -0.36 EPS for the current year.

Institutional Investors Weigh In On Peloton Interactive

Hedge funds and other institutional investors have recently made changes to their positions in the business. Bessemer Group Inc. increased its position in shares of Peloton Interactive by 1,602.6% during the 2nd quarter. Bessemer Group Inc. now owns 5,312 shares of the company’s stock valued at $37,000 after purchasing an additional 5,000 shares during the last quarter. MAI Capital Management increased its position in shares of Peloton Interactive by 64.6% during the 2nd quarter. MAI Capital Management now owns 5,498 shares of the company’s stock valued at $38,000 after purchasing an additional 2,158 shares during the last quarter. Nisa Investment Advisors LLC increased its position in shares of Peloton Interactive by 40.2% during the 1st quarter. Nisa Investment Advisors LLC now owns 6,503 shares of the company’s stock valued at $41,000 after purchasing an additional 1,864 shares during the last quarter. Farther Finance Advisors LLC increased its position in shares of Peloton Interactive by 158.3% during the 3rd quarter. Farther Finance Advisors LLC now owns 7,986 shares of the company’s stock valued at $72,000 after purchasing an additional 4,894 shares during the last quarter. Finally, GAMMA Investing LLC increased its position in shares of Peloton Interactive by 1,082.5% during the 1st quarter. GAMMA Investing LLC now owns 8,159 shares of the company’s stock valued at $52,000 after purchasing an additional 7,469 shares during the last quarter. Hedge funds and other institutional investors own 77.01% of the company’s stock.

Analyst Ratings Changes

Several research firms have recently issued reports on PTON. Zacks Research raised Peloton Interactive from a “hold” rating to a “strong-buy” rating in a research report on Monday, October 6th. Wall Street Zen raised Peloton Interactive from a “hold” rating to a “buy” rating in a research report on Friday, October 3rd. Truist Financial set a $11.00 target price on Peloton Interactive in a research report on Thursday, August 7th. Needham & Company LLC reissued a “hold” rating on shares of Peloton Interactive in a research report on Thursday, August 7th. Finally, Macquarie boosted their target price on Peloton Interactive from $10.00 to $11.00 and gave the stock an “outperform” rating in a research report on Thursday, August 14th. One analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, nine have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, Peloton Interactive has a consensus rating of “Hold” and an average target price of $9.36.

Peloton Interactive Company Profile

Peloton Interactive, Inc operates interactive fitness platform in North America and internationally. The company offers connected fitness products with touchscreen that streams live and on-demand classes under the Peloton Bike, Peloton Bike+, Peloton Tread, Peloton Tread+, Peloton Guide, and Peloton Row names.