Peloton Interactive (NASDAQ:PTON) Insider Sells $401,271.57 in Stock

Peloton Interactive, Inc. (NASDAQ:PTON) insider Nick Caldwell sold 64,617 shares of the stock in a transaction on Tuesday, December 16th. The stock was sold at an average price of $6.21, for a total value of $401,271.57. Following the completion of the sale, the insider directly owned 839,982 shares in the company, valued at approximately $5,216,288.22. This represents a 7.14% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link.

Peloton Interactive Stock Performance

Shares of PTON traded down $0.06 during trading hours on Tuesday, hitting $6.19. The company had a trading volume of 7,127,818 shares, compared to its average volume of 13,333,874. The stock has a market capitalization of $2.59 billion, a price-to-earnings ratio of -22.11, a P/E/G ratio of 1.91 and a beta of 2.46. The firm has a fifty day moving average price of $7.10 and a 200-day moving average price of $7.25. Peloton Interactive, Inc. has a 52-week low of $4.63 and a 52-week high of $10.90.

Peloton Interactive (NASDAQ:PTON) last announced its quarterly earnings data on Thursday, November 6th. The company reported $0.03 EPS for the quarter, beating 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. Peloton Interactive’s revenue for the quarter was down 6.0% on a year-over-year basis. Research analysts anticipate that Peloton Interactive, Inc. will post -0.36 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

PTON has been the subject of several analyst reports. Guggenheim assumed coverage on shares of Peloton Interactive in a research report on Wednesday, December 10th. They set a “neutral” rating for the company. The Goldman Sachs Group restated a “buy” rating and issued a $11.50 price target on shares of Peloton Interactive in a research note on Thursday, October 2nd. Zacks Research downgraded Peloton Interactive from a “strong-buy” rating to a “hold” rating in a report on Friday, November 7th. Telsey Advisory Group reaffirmed a “market perform” rating and set a $9.00 price objective on shares of Peloton Interactive in a research report on Monday, November 3rd. Finally, Weiss Ratings reissued a “sell (d-)” rating on shares of Peloton Interactive in a research report on Tuesday, October 14th. Eight investment analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, Peloton Interactive presently has a consensus rating of “Hold” and a consensus target price of $9.86.

Hedge Funds Weigh In On Peloton Interactive

A number of institutional investors and hedge funds have recently modified their holdings of PTON. Bessemer Group Inc. increased its position in Peloton Interactive by 1,602.6% during the second 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 grew its stake 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 period. Advisory Services Network LLC bought a new stake in shares of Peloton Interactive during the 3rd quarter valued at about $48,000. DRW Securities LLC purchased a new stake in shares of Peloton Interactive during the 1st quarter valued at about $67,000. Finally, Quarry LP bought a new position in shares of Peloton Interactive in the 3rd quarter worth approximately $71,000. 77.01% of the stock is currently owned by hedge funds and other institutional investors.

About Peloton Interactive

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.