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

Peloton Interactive, Inc. (NASDAQ:PTON) COO Charles Peter Kirol sold 3,399 shares of the company’s stock in a transaction dated Wednesday, January 21st. The stock was sold at an average price of $5.85, for a total transaction of $19,884.15. Following the completion of the transaction, the chief operating officer owned 77,602 shares of the company’s stock, valued at approximately $453,971.70. This trade represents a 4.20% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link.

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

Peloton Interactive Price Performance

PTON opened at $5.80 on Friday. The stock’s 50 day moving average price is $6.44 and its 200 day moving average price is $7.15. The stock has a market cap of $2.42 billion, a P/E ratio of -20.71, a P/E/G ratio of 1.75 and a beta of 2.40. Peloton Interactive, Inc. has a 12 month low of $4.63 and a 12 month high of $10.25.

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

Analysts Set New Price Targets

Several research firms have commented on PTON. Guggenheim began coverage on shares of Peloton Interactive in a research note on Wednesday, December 10th. They set a “neutral” rating on the stock. The Goldman Sachs Group reiterated a “buy” rating and issued a $11.50 price objective on shares of Peloton Interactive in a report on Thursday, October 2nd. Telsey Advisory Group reiterated a “market perform” rating and set a $9.00 price objective on shares of Peloton Interactive in a research note on Monday, November 3rd. Macquarie boosted their target price on Peloton Interactive from $11.00 to $12.00 and gave the stock an “outperform” rating in a report on Tuesday, November 11th. Finally, Wall Street Zen downgraded Peloton Interactive from a “buy” rating to a “hold” rating in a research report on Saturday, January 10th. Eight research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $9.86.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. Bessemer Group Inc. lifted 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 acquiring an additional 5,000 shares during the last quarter. MAI Capital Management raised its position in shares of Peloton Interactive by 64.6% during the second quarter. MAI Capital Management now owns 5,498 shares of the company’s stock worth $38,000 after purchasing an additional 2,158 shares during the period. Advisory Services Network LLC purchased a new stake in shares of Peloton Interactive during the third quarter valued at $48,000. Quarry LP purchased a new stake in shares of Peloton Interactive during the third quarter valued at $71,000. Finally, Farther Finance Advisors LLC boosted its position in shares of Peloton Interactive by 158.3% in 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 period. 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.