Key Points
- Peloton insider sale: Insider Dion Sanders sold 112,523 shares of Peloton Interactive on May 20 at an average price of $5.19, totaling about $584,000. The sale was made under a pre-arranged Rule 10b5-1 trading plan.
- Recent earnings were mixed: Peloton reported quarterly EPS of $0.06, missing expectations by $0.01, while revenue came in at $630.9 million, above estimates and up 1.1% year over year. Analysts now expect the company to earn $0.13 per share for the current year.
- Wall Street remains cautious: Analyst sentiment is largely neutral, with five Buy ratings, eight Hold ratings, and one Sell rating. The consensus price target is $8.25, and Peloton shares were trading around $5.18.
Peloton Interactive, Inc. (NASDAQ:PTON - Get Free Report) CFO Saqib Baig sold 5,973 shares of the firm's stock in a transaction dated Wednesday, May 20th. The stock was sold at an average price of $5.19, for a total value of $30,999.87. Following the completion of the sale, the chief financial officer directly owned 244,046 shares of the company's stock, valued at approximately $1,266,598.74. This represents a 2.39% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Saqib Baig also recently made the following trade(s):
- On Monday, May 18th, Saqib Baig sold 29,075 shares of Peloton Interactive stock. The shares were sold at an average price of $5.27, for a total transaction of $153,225.25.
- On Monday, April 27th, Saqib Baig sold 15,000 shares of Peloton Interactive stock. The shares were sold at an average price of $5.50, for a total transaction of $82,500.00.
Peloton Interactive Trading Up 0.2%
NASDAQ:PTON opened at $5.18 on Friday. The company has a market cap of $2.24 billion, a PE ratio of 129.53, a P/E/G ratio of 0.89 and a beta of 2.50. Peloton Interactive, Inc. has a twelve month low of $3.65 and a twelve month high of $9.20. The company's 50 day moving average is $4.75 and its two-hundred day moving average is $5.48.
Peloton Interactive (NASDAQ:PTON - Get Free Report) last posted its quarterly earnings results on Thursday, May 7th. The company reported $0.06 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.07 by ($0.01). The company had revenue of $630.90 million during the quarter, compared to analysts' expectations of $618.25 million. Peloton Interactive had a negative return on equity of 6.95% and a net margin of 0.94%.The company's quarterly revenue was up 1.1% on a year-over-year basis. During the same period in the prior year, the business posted ($0.12) EPS. As a group, analysts expect that Peloton Interactive, Inc. will post 0.13 EPS for the current fiscal year.
Institutional Inflows and Outflows
Several institutional investors have recently bought and sold shares of the stock. Bank of America Corp DE lifted its holdings in Peloton Interactive by 11.7% in the first quarter. Bank of America Corp DE now owns 1,640,981 shares of the company's stock valued at $7,040,000 after acquiring an additional 172,211 shares during the period. Altshuler Shaham Ltd purchased a new position in shares of Peloton Interactive during the 1st quarter valued at approximately $1,585,000. Kanen Wealth Management LLC purchased a new position in shares of Peloton Interactive during the 1st quarter valued at approximately $7,560,000. MSA Advisors LLC acquired a new position in shares of Peloton Interactive in the 1st quarter valued at $78,000. Finally, Amundi lifted its stake in shares of Peloton Interactive by 277.9% in the 1st quarter. Amundi now owns 55,010 shares of the company's stock valued at $236,000 after purchasing an additional 40,453 shares during the period. 77.01% of the stock is currently owned by hedge funds and other institutional investors.
Analyst Upgrades and Downgrades
A number of equities analysts have issued reports on PTON shares. Zacks Research lowered shares of Peloton Interactive from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, February 24th. The Goldman Sachs Group upped their price objective on shares of Peloton Interactive from $7.00 to $8.00 and gave the company a "buy" rating in a report on Friday, May 8th. JPMorgan Chase & Co. reduced 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. Argus downgraded shares of Peloton Interactive from a "buy" rating to a "hold" rating in a research report on Tuesday, February 10th. Finally, Citigroup lowered their price target on shares of Peloton Interactive from $8.25 to $5.00 and set a "neutral" rating on the stock in a report on Thursday, February 12th. Five equities research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus target price of $8.25.
Get Our Latest Stock Report on Peloton Interactive
About Peloton Interactive
(
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.
Further Reading
This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. Please send any questions or comments about this story to [email protected].
