Insider Selling: Peloton Interactive (NASDAQ:PTON) Insider Sells 75,762 Shares of Stock

Peloton Interactive, Inc. (NASDAQ:PTON) insider Nick Caldwell sold 75,762 shares of the stock in a transaction on Friday, January 9th. The shares were sold at an average price of $7.00, for a total transaction of $530,334.00. Following the completion of the transaction, the insider directly owned 764,220 shares in the company, valued at $5,349,540. This trade represents a 9.02% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

Peloton Interactive Stock Up 5.9%

PTON traded up $0.39 on Tuesday, reaching $7.00. The company had a trading volume of 16,546,137 shares, compared to its average volume of 6,812,856. Peloton Interactive, Inc. has a 1 year low of $4.63 and a 1 year high of $10.25. The stock has a market capitalization of $2.92 billion, a PE ratio of -25.00, a P/E/G ratio of 1.99 and a beta of 2.40. The stock has a 50-day moving average price of $6.63 and a 200-day moving average price of $7.18.

Peloton Interactive (NASDAQ:PTON) last issued its quarterly earnings data on Thursday, November 6th. The company reported $0.03 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.01 by $0.02. The firm had revenue of $550.80 million for the quarter, compared to analysts’ expectations of $540.61 million. The firm’s revenue for the quarter was down 6.0% compared to the same quarter last year. As a group, analysts expect that Peloton Interactive, Inc. will post -0.36 earnings per share for the current fiscal year.

Institutional Trading of Peloton Interactive

Hedge funds and other institutional investors have recently made changes to their positions in the company. Vanguard Group Inc. lifted its position in Peloton Interactive by 2.1% in the third quarter. Vanguard Group Inc. now owns 38,636,291 shares of the company’s stock valued at $347,727,000 after purchasing an additional 811,585 shares during the period. Eminence Capital LP purchased a new stake in shares of Peloton Interactive in the second quarter valued at approximately $112,681,000. Geode Capital Management LLC grew its holdings in Peloton Interactive by 5.7% during the second quarter. Geode Capital Management LLC now owns 9,141,542 shares of the company’s stock worth $63,450,000 after acquiring an additional 490,353 shares during the period. Goldman Sachs Group Inc. raised its position in Peloton Interactive by 27.1% in the first quarter. Goldman Sachs Group Inc. now owns 7,056,642 shares of the company’s stock worth $44,598,000 after acquiring an additional 1,503,680 shares in the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. raised its position in Peloton Interactive by 10.6% in the second quarter. Connor Clark & Lunn Investment Management Ltd. now owns 6,446,827 shares of the company’s stock worth $44,741,000 after acquiring an additional 615,647 shares in the last quarter. Hedge funds and other institutional investors own 77.01% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on PTON. Telsey Advisory Group restated a “market perform” rating and set a $9.00 target price on shares of Peloton Interactive in a research report on Monday, November 3rd. The Goldman Sachs Group reissued a “buy” rating and set a $11.50 price objective on shares of Peloton Interactive in a research report on Thursday, October 2nd. Wall Street Zen cut shares of Peloton Interactive from a “buy” rating to a “hold” rating in a report on Saturday. Macquarie increased their target price on shares of Peloton Interactive from $11.00 to $12.00 and gave the stock an “outperform” rating in a research note on Tuesday, November 11th. Finally, Morgan Stanley raised their price target on Peloton Interactive from $6.00 to $6.50 and gave the stock an “equal weight” rating in a report on Wednesday, November 19th. Eight investment analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $9.86.

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.