Key Points
- CFO Elizabeth Coddington sold 21,820 shares on Dec. 15 at an average price of $6.31 for about $137,684, trimming her stake by 5.92% to 346,535 shares (reported in an SEC filing).
- Peloton (PTON) is trading around $6.19 with a 12‑month range of $4.63–$10.90 and a market cap of ~$2.59 billion; the stock carries a negative P/E (-22.11) and its 50‑ and 200‑day moving averages are about $7.08 and $7.25, respectively.
- The company beat quarterly EPS estimates ($0.03 vs. $0.01) on $550.8M revenue (down 6% YoY), while analysts are split (8 Buy, 8 Hold, 1 Sell) giving a consensus rating of "Hold" and a $9.86 consensus price target.
Peloton Interactive, Inc. (NASDAQ:PTON - Get Free Report) CFO Elizabeth Coddington sold 21,820 shares of Peloton Interactive stock in a transaction dated Monday, December 15th. The stock was sold at an average price of $6.31, for a total value of $137,684.20. Following the sale, the chief financial officer owned 346,535 shares of the company's stock, valued at approximately $2,186,635.85. This represents a 5.92% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.
Peloton Interactive Trading Down 1.0%
NASDAQ:PTON opened at $6.19 on Wednesday. Peloton Interactive, Inc. has a 12-month low of $4.63 and a 12-month high of $10.90. The firm has a market cap of $2.59 billion, a price-to-earnings ratio of -22.11, a price-to-earnings-growth ratio of 1.82 and a beta of 2.46. The company's 50-day moving average is $7.08 and its two-hundred day moving average is $7.25.
Peloton Interactive (NASDAQ:PTON - Get Free Report) last issued its quarterly earnings results on Thursday, November 6th. The company reported $0.03 EPS for the quarter, topping analysts' consensus estimates 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 company's revenue was down 6.0% compared to the same quarter last year. On average, equities research analysts forecast that Peloton Interactive, Inc. will post -0.36 earnings per share for the current fiscal year.
Wall Street Analyst Weigh In
Several brokerages have weighed in on PTON. Telsey Advisory Group reiterated a "market perform" rating and issued a $9.00 price target on shares of Peloton Interactive in a report on Monday, November 3rd. Morgan Stanley upped their target price on Peloton Interactive from $6.00 to $6.50 and gave the company an "equal weight" rating in a research note on Wednesday, November 19th. Canaccord Genuity Group reiterated a "buy" rating and set a $10.00 target price on shares of Peloton Interactive in a research report on Thursday, October 2nd. Macquarie raised their price target on Peloton Interactive from $11.00 to $12.00 and gave the stock an "outperform" rating in a research note on Tuesday, November 11th. Finally, Guggenheim assumed coverage on shares of Peloton Interactive in a research note on Wednesday, December 10th. They set a "neutral" rating for the company. Eight research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Hold" and a consensus price target of $9.86.
Read Our Latest Report on PTON
Institutional Inflows and Outflows
Several large investors have recently made changes to their positions in the company. Vanguard Group Inc. grew its position in Peloton Interactive by 2.1% during the third quarter. Vanguard Group Inc. now owns 38,636,291 shares of the company's stock valued at $347,727,000 after acquiring an additional 811,585 shares during the period. T. Rowe Price Investment Management Inc. raised its holdings in shares of Peloton Interactive by 29.4% in the 1st quarter. T. Rowe Price Investment Management Inc. now owns 21,760,678 shares of the company's stock worth $137,528,000 after purchasing an additional 4,940,422 shares during the period. Eminence Capital LP acquired a new position in shares of Peloton Interactive in the 2nd quarter valued at about $112,681,000. Geode Capital Management LLC grew its holdings in shares of Peloton Interactive by 5.7% during the 2nd quarter. Geode Capital Management LLC now owns 9,141,542 shares of the company's stock worth $63,450,000 after purchasing an additional 490,353 shares during the period. Finally, Goldman Sachs Group Inc. grew its holdings in shares of Peloton Interactive by 27.1% during the 1st quarter. Goldman Sachs Group Inc. now owns 7,056,642 shares of the company's stock worth $44,598,000 after purchasing an additional 1,503,680 shares during the period. 77.01% of the stock is owned by hedge funds and other institutional investors.
Peloton Interactive Company Profile
(
Get Free Report)
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.
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