Peloton Interactive, Inc. (NASDAQ:PTON - Get Free Report) insider Dion Sanders sold 146,844 shares of the business's stock in a transaction on Friday, February 20th. The shares were sold at an average price of $4.41, for a total transaction of $647,582.04. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink.
Peloton Interactive Trading Down 2.2%
Peloton Interactive stock opened at $4.04 on Wednesday. The firm has a market capitalization of $1.72 billion, a price-to-earnings ratio of -31.08, a price-to-earnings-growth ratio of 0.82 and a beta of 2.41. The firm's fifty day moving average price is $5.65 and its two-hundred day moving average price is $6.87. Peloton Interactive, Inc. has a 1-year low of $4.03 and a 1-year high of $9.20.
Peloton Interactive (NASDAQ:PTON - Get Free Report) last posted its earnings results on Thursday, February 5th. The company reported ($0.09) EPS for the quarter, missing the consensus estimate of ($0.07) by ($0.02). The firm had revenue of $656.50 million for the quarter, compared to the consensus estimate of $675.04 million. During the same period in the previous year, the firm posted ($0.24) earnings per share. Peloton Interactive's quarterly revenue was down 2.5% compared to the same quarter last year. On average, research analysts forecast that Peloton Interactive, Inc. will post -0.36 EPS for the current year.
Institutional Investors Weigh In On Peloton Interactive
Several large investors have recently made changes to their positions in PTON. Royal Bank of Canada raised its stake in shares of Peloton Interactive by 342.6% during the 1st quarter. Royal Bank of Canada now owns 616,367 shares of the company's stock worth $3,896,000 after purchasing an additional 477,106 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in Peloton Interactive by 2.4% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 290,981 shares of the company's stock valued at $1,839,000 after buying an additional 6,921 shares during the period. NewEdge Advisors LLC increased its holdings in Peloton Interactive by 3,132.6% during the first quarter. NewEdge Advisors LLC now owns 15,549 shares of the company's stock worth $98,000 after buying an additional 15,068 shares during the last quarter. Goldman Sachs Group Inc. raised its position in Peloton Interactive by 27.1% in the first quarter. Goldman Sachs Group Inc. now owns 7,056,642 shares of the company's stock worth $44,598,000 after acquiring an additional 1,503,680 shares during the period. Finally, Caxton Associates LLP purchased a new position in Peloton Interactive in the first quarter valued at about $282,000. 77.01% of the stock is owned by hedge funds and other institutional investors.
Wall Street Analyst Weigh In
PTON has been the topic of several analyst reports. Zacks Research raised Peloton Interactive from a "hold" rating to a "strong-buy" rating in a research report on Monday, January 26th. Weiss Ratings restated a "sell (d-)" rating on shares of Peloton Interactive in a research note on Friday, January 9th. Truist Financial reduced their target price on shares of Peloton Interactive from $12.00 to $9.00 and set a "buy" rating for the company in a research note on Friday, February 6th. JPMorgan Chase & Co. lowered their target price on shares of Peloton Interactive from $9.00 to $6.00 and set a "neutral" rating for the company in a report on Friday, February 6th. Finally, Wall Street Zen cut shares of Peloton Interactive from a "buy" rating to a "hold" rating in a report on Saturday, February 14th. One analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, eight have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus target price of $8.42.
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About Peloton Interactive
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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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