Key Points
- Peloton COO Charles Peter Kirol sold 3,198 shares at an average price of $6.49, generating approximately $20,755. The transaction was conducted under a pre-arranged Rule 10b5-1 trading plan, leaving him with 161,242 shares.
- Peloton shares opened at $6.55, with a market capitalization of about $2.84 billion and a 52-week trading range of $3.65 to $9.20. The company’s latest quarterly EPS of $0.06 missed analysts’ $0.07 estimate, although revenue increased 1.1% year over year.
- Analysts maintain a consensus “Hold” rating, with five Buy, eight Hold, and one Sell recommendation and an average price target of $8.25. Institutional investors and hedge funds own approximately 77.01% of Peloton’s shares.
Peloton Interactive, Inc. (NASDAQ:PTON - Get Free Report) COO Charles Peter Kirol sold 3,198 shares of the business's stock in a transaction dated Monday, July 20th. The stock was sold at an average price of $6.49, for a total transaction of $20,755.02. Following the completion of the transaction, the chief operating officer owned 161,242 shares of the company's stock, valued at $1,046,460.58. This represents a 1.94% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Peloton Interactive Stock Performance
PTON stock opened at $6.55 on Wednesday. Peloton Interactive, Inc. has a one year low of $3.65 and a one year high of $9.20. The firm has a market cap of $2.84 billion, a price-to-earnings ratio of 163.79, a PEG ratio of 0.46 and a beta of 2.52. The firm has a 50-day simple moving average of $5.90 and a two-hundred day simple moving average of $5.24.
Peloton Interactive (NASDAQ:PTON - Get Free Report) last issued its quarterly earnings data 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). Peloton Interactive had a negative return on equity of 6.95% and a net margin of 0.94%.During the same quarter in the previous year, the company posted ($0.12) earnings per share. The company's revenue was up 1.1% compared to the same quarter last year. As a group, equities analysts predict that Peloton Interactive, Inc. will post 0.13 earnings per share for the current fiscal year.
Analyst Ratings Changes
Several research firms have issued reports on PTON. The Goldman Sachs Group lifted their price target on shares of Peloton Interactive from $7.00 to $8.00 and gave the stock a "buy" rating in a report on Friday, May 8th. UBS Group reaffirmed a "buy" rating on shares of Peloton Interactive in a research report on Monday, June 15th. Telsey Advisory Group reiterated a "market perform" rating on shares of Peloton Interactive in a report on Wednesday, May 27th. Weiss Ratings raised Peloton Interactive from a "sell (d)" rating to a "sell (d+)" rating in a research report on Tuesday, May 26th. Finally, Wall Street Zen upgraded Peloton Interactive from a "hold" rating to a "buy" rating in a research note on Saturday, May 16th. Five investment analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, Peloton Interactive currently has an average rating of "Hold" and a consensus price target of $8.25.
Get Our Latest Stock Analysis on PTON
Institutional Inflows and Outflows
A number of hedge funds have recently modified their holdings of PTON. GAMMA Investing LLC raised its stake in shares of Peloton Interactive by 232.0% in the second quarter. GAMMA Investing LLC now owns 4,399 shares of the company's stock worth $26,000 after purchasing an additional 3,074 shares during the last quarter. Sankala Group LLC purchased a new stake in Peloton Interactive in the fourth quarter valued at approximately $31,000. Advisory Services Network LLC purchased a new stake in Peloton Interactive in the third quarter valued at approximately $48,000. Quarry LP acquired a new position in Peloton Interactive in the 3rd quarter worth approximately $71,000. Finally, Cora Capital Advisors LLC acquired a new position in Peloton Interactive in the 1st quarter worth approximately $43,000. 77.01% of the stock is owned by institutional investors and hedge funds.
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.
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