Insider Selling: Peloton Interactive (NASDAQ:PTON) Insider Sells $365,321.88 in Stock

Peloton Interactive, Inc. (NASDAQ:PTON) insider Dion Sanders sold 88,242 shares of the firm’s stock in a transaction on Tuesday, February 17th. The shares were sold at an average price of $4.14, for a total value of $365,321.88. Following the sale, the insider directly owned 146,844 shares of the company’s stock, valued at approximately $607,934.16. This represents a 37.54% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Peloton Interactive Stock Performance

Shares of NASDAQ:PTON opened at $4.41 on Friday. The company’s 50-day moving average is $5.74 and its 200 day moving average is $6.92. The company has a market capitalization of $1.88 billion, a P/E ratio of -33.92, a price-to-earnings-growth ratio of 0.87 and a beta of 2.41. Peloton Interactive, Inc. has a fifty-two week low of $4.08 and a fifty-two week high of $9.20.

Peloton Interactive (NASDAQ:PTON) last posted its quarterly earnings data on Thursday, February 5th. The company reported ($0.09) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.07) by ($0.02). The company had revenue of $656.50 million for the quarter, compared to analyst estimates of $675.04 million. The business’s revenue was down 2.5% compared to the same quarter last year. During the same period in the previous year, the business earned ($0.24) EPS. As a group, research analysts predict that Peloton Interactive, Inc. will post -0.36 earnings per share for the current year.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in PTON. D.A. Davidson & CO. purchased a new stake in Peloton Interactive in the 2nd quarter worth approximately $338,000. Voya Investment Management LLC increased its holdings in shares of Peloton Interactive by 325.5% in the third quarter. Voya Investment Management LLC now owns 429,929 shares of the company’s stock worth $3,869,000 after purchasing an additional 328,894 shares during the period. Lisanti Capital Growth LLC bought a new position in shares of Peloton Interactive in the third quarter worth $2,429,000. Geode Capital Management LLC raised its position in shares of Peloton Interactive by 5.7% in the second quarter. Geode Capital Management LLC now owns 9,141,542 shares of the company’s stock worth $63,450,000 after buying an additional 490,353 shares in the last quarter. Finally, Eminence Capital LP bought a new stake in Peloton Interactive during the second quarter valued at $112,681,000. Institutional investors own 77.01% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on PTON shares. Telsey Advisory Group dropped their price objective on Peloton Interactive from $8.00 to $6.00 and set a “market perform” rating on the stock in a research note on Friday, February 6th. Citigroup dropped their price target on Peloton Interactive from $8.25 to $5.00 and set a “neutral” rating on the stock in a research report on Thursday, February 12th. UBS Group reiterated a “buy” rating on shares of Peloton Interactive in a research note on Tuesday, February 3rd. Bank of America set a $9.00 price objective on shares of Peloton Interactive in a report on Friday, January 30th. Finally, Wall Street Zen downgraded shares of Peloton Interactive from a “buy” rating to a “hold” rating in a research note on Saturday, February 14th. One equities research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, eight have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, Peloton Interactive has an average rating of “Hold” and an average target price of $8.42.

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.