Insider Selling: Peloton Interactive (NASDAQ:PTON) Director Sells 25,000 Shares of Stock

Peloton Interactive, Inc. (NASDAQ:PTON) Director Karen Boone sold 25,000 shares of the firm’s stock in a transaction that occurred on Monday, August 17th. The shares were sold at an average price of $5.35, for a total value of $133,750.00. Following the completion of 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 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.

Peloton Interactive Stock Performance

NASDAQ:PTON traded up $0.01 during trading hours on Tuesday, hitting $5.30. The company’s stock had a trading volume of 8,565,106 shares, compared to its average volume of 12,656,355. Peloton Interactive, Inc. has a 52-week low of $3.65 and a 52-week high of $9.20. The business’s 50-day moving average is $5.91 and its two-hundred day moving average is $5.20. The company has a market capitalization of $2.33 billion, a PE ratio of 44.17, a PEG ratio of 0.36 and a beta of 2.52.

Peloton Interactive (NASDAQ:PTON) last released its quarterly earnings data on Thursday, August 6th. The company reported $0.13 EPS for the quarter, topping analysts’ consensus estimates of $0.11 by $0.02. Peloton Interactive had a net margin of 2.58% and a negative return on equity of 23.92%. The firm had revenue of $607.70 million for the quarter, compared to the consensus estimate of $596.60 million. During the same quarter in the previous year, the firm earned $0.05 earnings per share. The firm’s revenue was up .1% on a year-over-year basis. As a group, analysts predict that Peloton Interactive, Inc. will post 0.31 EPS for the current fiscal year.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. GAMMA Investing LLC raised its position in shares of Peloton Interactive by 232.0% during the second quarter. GAMMA Investing LLC now owns 4,399 shares of the company’s stock worth $26,000 after purchasing an additional 3,074 shares during the period. Sankala Group LLC purchased a new stake in Peloton Interactive during the fourth quarter valued at about $31,000. Advisory Services Network LLC purchased a new position in shares of Peloton Interactive in the third quarter worth approximately $48,000. Quarry LP acquired a new position in Peloton Interactive in the third quarter worth approximately $71,000. Finally, Cora Capital Advisors LLC acquired a new stake in Peloton Interactive in the 1st quarter worth approximately $43,000. Institutional investors own 77.01% of the company’s stock.

Analysts Set New Price Targets

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

Peloton Interactive Company Profile

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.