Key Points
- Peloton COO Charles Peter Kirol sold 22,520 shares on January 16 at an average price of $6.47 for about $145,704, leaving him with 81,001 shares — a 21.75% reduction valued at roughly $524,076.
- Kirol previously sold 7,936 shares on November 17 at $7.29 and 8,989 shares on October 22 at $8.00, indicating a pattern of insider selling over recent months.
- Peloton opened around $5.86 with a market cap of $2.45 billion, negative P/E, 50-/200-day SMAs of $6.53/$7.17, and a consensus analyst rating of Hold with an average target of $9.86.
Peloton Interactive, Inc. (NASDAQ:PTON - Get Free Report) COO Charles Peter Kirol sold 22,520 shares of the business's stock in a transaction on Friday, January 16th. The shares were sold at an average price of $6.47, for a total value of $145,704.40. Following the completion of the sale, the chief operating officer directly owned 81,001 shares in the company, valued at approximately $524,076.47. This represents a 21.75% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.
Charles Peter Kirol also recently made the following trade(s):
- On Monday, November 17th, Charles Peter Kirol sold 7,936 shares of Peloton Interactive stock. The stock was sold at an average price of $7.29, for a total value of $57,853.44.
- On Wednesday, October 22nd, Charles Peter Kirol sold 8,989 shares of Peloton Interactive stock. The shares were sold at an average price of $8.00, for a total value of $71,912.00.
Peloton Interactive Stock Performance
PTON opened at $5.86 on Wednesday. The firm has a market cap of $2.45 billion, a price-to-earnings ratio of -20.93, a PEG ratio of 1.91 and a beta of 2.40. The firm's 50-day simple moving average is $6.53 and its 200-day simple moving average is $7.17. Peloton Interactive, Inc. has a twelve month low of $4.63 and a twelve month high of $10.25.
Peloton Interactive (NASDAQ:PTON - Get Free Report) last released its quarterly earnings results on Thursday, November 6th. The company reported $0.03 EPS for the quarter, beating analysts' consensus estimates of $0.01 by $0.02. The firm had revenue of $550.80 million during the quarter, compared to analyst estimates of $540.61 million. The business's revenue was down 6.0% compared to the same quarter last year. As a group, sell-side analysts anticipate that Peloton Interactive, Inc. will post -0.36 EPS for the current fiscal year.
Analyst Upgrades and Downgrades
Several equities analysts have issued reports on the company. Macquarie lifted their price objective on Peloton Interactive from $11.00 to $12.00 and gave the company an "outperform" rating in a research report on Tuesday, November 11th. Morgan Stanley raised 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. Truist Financial upped their price target on shares of Peloton Interactive from $11.00 to $12.00 and gave the stock a "buy" rating in a research report on Friday, November 7th. Telsey Advisory Group reissued a "market perform" rating and set a $9.00 price objective on shares of Peloton Interactive in a report on Monday, November 3rd. Finally, Wall Street Zen cut shares of Peloton Interactive from a "buy" rating to a "hold" rating in a research report on Saturday, January 10th. Eight investment analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the company currently has a consensus rating of "Hold" and an average target price of $9.86.
Get Our Latest Analysis on PTON
Institutional Inflows and Outflows
Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Bessemer Group Inc. increased its holdings in Peloton Interactive by 1,602.6% in the second quarter. Bessemer Group Inc. now owns 5,312 shares of the company's stock valued at $37,000 after purchasing an additional 5,000 shares during the last quarter. MAI Capital Management grew its position 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 worth $38,000 after buying an additional 2,158 shares during the period. Advisory Services Network LLC acquired a new stake in shares of Peloton Interactive in the 3rd quarter valued at approximately $48,000. Quarry LP acquired a new stake in shares of Peloton Interactive in the 3rd quarter valued at approximately $71,000. Finally, Farther Finance Advisors LLC boosted its stake in Peloton Interactive by 158.3% during the 3rd quarter. Farther Finance Advisors LLC now owns 7,986 shares of the company's stock worth $72,000 after acquiring an additional 4,894 shares during the last quarter. 77.01% of the stock is currently owned by institutional investors.
Peloton Interactive Company Profile
(
Get Free Report)
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.
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