Insider Selling: Peloton Interactive, Inc. (NASDAQ:PTON) CEO Sells 13,484 Shares of Stock

Peloton Interactive, Inc. (NASDAQ:PTON) CEO Karen Boone sold 13,484 shares of the company’s stock in a transaction that occurred on Friday, November 1st. The shares were sold at an average price of $8.27, for a total value of $111,512.68. Following the transaction, the chief executive officer now directly owns 211,459 shares of the company’s stock, valued at $1,748,765.93. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

Peloton Interactive Stock Up 3.6 %

PTON stock traded up $0.26 during midday trading on Monday, hitting $7.51. The company’s stock had a trading volume of 36,996,297 shares, compared to its average volume of 16,327,741. The firm has a market capitalization of $2.83 billion, a P/E ratio of -7.09 and a beta of 1.92. The firm has a 50-day simple moving average of $5.11 and a 200-day simple moving average of $4.07. Peloton Interactive, Inc. has a 52-week low of $2.70 and a 52-week high of $8.92.

Peloton Interactive (NASDAQ:PTON) last released its quarterly earnings data on Thursday, October 31st. The company reported ($0.16) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.15) by ($0.01). The firm had revenue of $586.00 million for the quarter, compared to analyst estimates of $572.97 million. The company’s revenue was down 1.6% on a year-over-year basis. During the same period in the prior year, the business posted ($0.44) earnings per share. On average, sell-side analysts expect that Peloton Interactive, Inc. will post -0.65 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on the company. Wolfe Research started coverage on Peloton Interactive in a research report on Tuesday, July 16th. They issued a “peer perform” rating on the stock. Roth Mkm raised their target price on Peloton Interactive from $5.00 to $6.00 and gave the stock a “buy” rating in a report on Friday, August 23rd. Robert W. Baird increased their price target on Peloton Interactive from $4.75 to $8.00 and gave the stock a “neutral” rating in a research note on Friday. Morgan Stanley raised their price objective on Peloton Interactive from $3.50 to $5.00 and gave the company an “equal weight” rating in a research report on Friday. Finally, Canaccord Genuity Group boosted their target price on Peloton Interactive from $4.00 to $5.00 and gave the company a “hold” rating in a research report on Friday, August 23rd. Sixteen research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, Peloton Interactive has an average rating of “Hold” and an average target price of $6.57.

Institutional Investors Weigh In On Peloton Interactive

Several hedge funds and other institutional investors have recently bought and sold shares of PTON. First Trust Direct Indexing L.P. acquired a new stake in Peloton Interactive during the 1st quarter worth $94,000. Manchester Capital Management LLC raised its stake in Peloton Interactive by 105.4% during the 1st quarter. Manchester Capital Management LLC now owns 235,000 shares of the company’s stock worth $1,007,000 after acquiring an additional 120,600 shares in the last quarter. Swiss National Bank raised its stake in Peloton Interactive by 1.2% during the 1st quarter. Swiss National Bank now owns 642,200 shares of the company’s stock worth $2,752,000 after acquiring an additional 7,600 shares in the last quarter. Sfmg LLC acquired a new position in Peloton Interactive in the first quarter valued at $103,000. Finally, Russell Investments Group Ltd. increased its stake in Peloton Interactive by 25,397.7% in the first quarter. Russell Investments Group Ltd. now owns 393,685 shares of the company’s stock valued at $1,687,000 after purchasing an additional 392,141 shares during the period. 77.01% of the stock is currently owned by institutional investors and hedge funds.

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.