Key Points
- COO stock sale: Peloton COO Charles Peter Kirol sold 3,670 shares on April 20 at an average price of $5.16 under a pre-arranged Rule 10b5-1 plan, trimming his stake to 121,442 shares (a 2.93% decrease) after larger sales on April 16 and Feb 17.
- Company performance and analyst view: PTON trades near $5 after a quarter that missed EPS and revenue estimates, and several firms have cut price targets leaving a consensus Hold rating with an average target of $8.60.
- Institutional interest: About 77% of Peloton is institutionally owned, with large additions this quarter from firms such as Royal Bank of Canada and Goldman Sachs.
Peloton Interactive, Inc. (NASDAQ:PTON - Get Free Report) COO Charles Peter Kirol sold 3,670 shares of the business's stock in a transaction that occurred on Monday, April 20th. The stock was sold at an average price of $5.16, for a total transaction of $18,937.20. Following the completion of the transaction, the chief operating officer directly owned 121,442 shares of the company's stock, valued at approximately $626,640.72. This represents a 2.93% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Charles Peter Kirol also recently made the following trade(s):
- On Thursday, April 16th, Charles Peter Kirol sold 19,806 shares of Peloton Interactive stock. The stock was sold at an average price of $5.02, for a total transaction of $99,426.12.
- On Tuesday, February 17th, Charles Peter Kirol sold 6,419 shares of Peloton Interactive stock. The stock was sold at an average price of $4.14, for a total transaction of $26,574.66.
Peloton Interactive Price Performance
PTON stock opened at $5.02 on Thursday. Peloton Interactive, Inc. has a one year low of $3.65 and a one year high of $9.20. The stock has a market cap of $2.14 billion, a PE ratio of -38.62, a P/E/G ratio of 0.82 and a beta of 2.37. The firm has a 50 day simple moving average of $4.28 and a two-hundred day simple moving average of $5.79.
Peloton Interactive (NASDAQ:PTON - Get Free Report) last announced its quarterly earnings data on Thursday, February 5th. The company reported ($0.09) earnings per share (EPS) for the quarter, missing analysts' consensus estimates 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 last year, the business earned ($0.24) earnings per share. The business's quarterly revenue was down 2.5% compared to the same quarter last year. On average, research analysts expect that Peloton Interactive, Inc. will post 0.14 EPS for the current fiscal year.
Institutional Investors Weigh In On Peloton Interactive
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in PTON. Royal Bank of Canada raised its holdings in Peloton Interactive by 342.6% during the 1st quarter. Royal Bank of Canada now owns 616,367 shares of the company's stock valued at $3,896,000 after buying an additional 477,106 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in Peloton Interactive by 2.4% during the 1st 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 last quarter. NewEdge Advisors LLC raised its holdings in Peloton Interactive by 3,132.6% during the 1st quarter. NewEdge Advisors LLC now owns 15,549 shares of the company's stock valued at $98,000 after buying an additional 15,068 shares during the last quarter. Goldman Sachs Group Inc. raised its holdings in Peloton Interactive by 27.1% during the 1st quarter. Goldman Sachs Group Inc. now owns 7,056,642 shares of the company's stock valued at $44,598,000 after buying an additional 1,503,680 shares during the last quarter. Finally, Caxton Associates LLP bought a new stake in Peloton Interactive during the 1st quarter valued at $282,000. 77.01% of the stock is currently owned by institutional investors.
Analysts Set New Price Targets
A number of equities research analysts have recently issued reports on PTON shares. Telsey Advisory Group cut their price objective on shares of Peloton Interactive from $8.00 to $6.00 and set a "market perform" rating for the company in a research note on Friday, February 6th. Wall Street Zen cut shares of Peloton Interactive from a "buy" rating to a "hold" rating in a research note on Saturday, April 18th. JPMorgan Chase & Co. cut their price objective on shares of Peloton Interactive from $9.00 to $6.00 and set a "neutral" rating for the company in a research note on Friday, February 6th. Weiss Ratings reaffirmed a "sell (d-)" rating on shares of Peloton Interactive in a research note on Friday, January 9th. Finally, Citigroup cut their price objective on shares of Peloton Interactive from $8.25 to $5.00 and set a "neutral" rating for the company in a research note on Thursday, February 12th. Five equities research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Hold" and a consensus price target of $8.60.
View Our Latest Research Report on Peloton Interactive
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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