Insider Selling: Peloton Interactive, Inc. (NASDAQ:PTON) Insider Sells 138,391 Shares of Stock

Peloton Interactive, Inc. (NASDAQ:PTON) insider Andrew S. Rendich sold 138,391 shares of the company’s stock in a transaction dated Monday, November 18th. The stock was sold at an average price of $7.51, for a total value of $1,039,316.41. Following the sale, the insider now owns 287,973 shares in the company, valued at $2,162,677.23. The trade was a 32.46 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.

Peloton Interactive Stock Performance

NASDAQ PTON traded up $0.37 on Tuesday, reaching $7.95. The company had a trading volume of 9,223,648 shares, compared to its average volume of 16,419,197. The business has a 50 day moving average of $5.87 and a two-hundred day moving average of $4.46. Peloton Interactive, Inc. has a fifty-two week low of $2.70 and a fifty-two week high of $8.97.

Peloton Interactive (NASDAQ:PTON) last issued its quarterly earnings data on Thursday, October 31st. The company reported ($0.16) EPS for the quarter, missing analysts’ consensus estimates of ($0.15) by ($0.01). The business had revenue of $586.00 million during the quarter, compared to analysts’ expectations of $572.97 million. The business’s quarterly revenue was down 1.6% on a year-over-year basis. During the same period in the prior year, the company earned ($0.44) earnings per share. Sell-side analysts expect that Peloton Interactive, Inc. will post -0.38 EPS for the current year.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on the company. Roth Mkm boosted their price target on Peloton Interactive from $5.00 to $6.00 and gave the stock a “buy” rating in a research report on Friday, August 23rd. Truist Financial upped their target price on Peloton Interactive from $6.00 to $10.00 and gave the company a “hold” rating in a research report on Friday, November 1st. Macquarie boosted their price target on Peloton Interactive from $4.90 to $9.00 and gave the company a “neutral” rating in a research note on Friday, November 1st. JMP Securities reiterated a “market perform” rating on shares of Peloton Interactive in a research note on Thursday, October 3rd. Finally, Morgan Stanley boosted their price target on Peloton Interactive from $3.50 to $5.00 and gave the company an “equal weight” rating in a research note on Friday, November 1st. Fifteen research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $6.75.

Institutional Trading of Peloton Interactive

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Mercer Global Advisors Inc. ADV purchased a new position in Peloton Interactive in the second quarter valued at approximately $27,000. Skylands Capital LLC purchased a new stake in shares of Peloton Interactive during the second quarter worth $30,000. Point72 Asia Singapore Pte. Ltd. raised its position in shares of Peloton Interactive by 31.9% in the third quarter. Point72 Asia Singapore Pte. Ltd. now owns 6,605 shares of the company’s stock worth $31,000 after buying an additional 1,597 shares in the last quarter. Nisa Investment Advisors LLC raised its position in shares of Peloton Interactive by 1,836.7% in the second quarter. Nisa Investment Advisors LLC now owns 9,490 shares of the company’s stock worth $32,000 after buying an additional 9,000 shares in the last quarter. Finally, Schneider Downs Wealth Management Advisors LP purchased a new stake in shares of Peloton Interactive in the second quarter worth $35,000. 77.01% of the stock is owned by institutional investors.

Peloton Interactive Company Profile

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.