Key Points
- Peloton CAO Saqib Baig sold 36,439 shares at an average price of $5.36, worth approximately $195,313, reducing his holdings by 11.79% to 272,641 shares.
- Peloton reported quarterly EPS of $0.13, beating the $0.11 consensus estimate, while revenue reached $607.7 million versus expectations of $596.6 million. Shares opened at $5.31, with a market capitalization of about $2.33 billion.
- Analyst sentiment remains mixed, with five Buy, seven Hold and one Sell rating; the stock has a consensus rating of Hold and an average price target of $7.94. Institutional investors and hedge funds own 77.01% of the company.
Peloton Interactive, Inc. (NASDAQ:PTON - Get Free Report) Director Karen Boone sold 25,000 shares of the business's stock in a transaction on Monday, August 17th. The stock was sold at an average price of $5.35, for a total value of $133,750.00. Following the sale, the director directly owned 236,063 shares in the company, valued at $1,262,937.05. This trade represents a 9.58% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Peloton Interactive Stock Up 0.4%
NASDAQ:PTON opened at $5.31 on Wednesday. Peloton Interactive, Inc. has a 1-year low of $3.65 and a 1-year high of $9.20. The firm has a market capitalization of $2.33 billion, a price-to-earnings ratio of 44.25, a price-to-earnings-growth ratio of 0.36 and a beta of 2.52. The stock has a fifty day simple moving average of $5.91 and a 200 day simple moving average of $5.20.
Peloton Interactive (NASDAQ:PTON - Get Free Report) last posted its quarterly earnings data on Thursday, August 6th. The company reported $0.13 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.11 by $0.02. Peloton Interactive had a negative return on equity of 23.92% and a net margin of 2.58%.The firm had revenue of $607.70 million for the quarter, compared to the consensus estimate of $596.60 million. During the same quarter in the previous year, the company earned $0.05 EPS. The business's revenue for the quarter was up .1% compared to the same quarter last year. Equities analysts predict that Peloton Interactive, Inc. will post 0.31 earnings per share for the current year.
Institutional Trading of Peloton Interactive
Several large investors have recently added to or reduced their stakes in the business. Royal Bank of Canada lifted its stake in shares of Peloton Interactive by 342.6% in the 1st quarter. Royal Bank of Canada now owns 616,367 shares of the company's stock valued at $3,896,000 after purchasing an additional 477,106 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased 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 worth $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 first 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 in the last quarter. Goldman Sachs Group Inc. raised its holdings in Peloton Interactive by 27.1% during the first 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 in the last quarter. Finally, Caxton Associates LLP bought a new position in Peloton Interactive during the first quarter valued at about $282,000. 77.01% of the stock is owned by institutional investors.
Analyst Ratings Changes
A number of research firms have recently issued reports on PTON. The Goldman Sachs Group boosted their price target 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. UBS Group reissued a "buy" rating on shares of Peloton Interactive in a research note on Monday, June 15th. Telsey Advisory Group restated a "market perform" rating on shares of Peloton Interactive in a report on Monday, August 3rd. 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 report on Saturday, May 16th. Five equities research analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, Peloton Interactive currently has an average rating of "Hold" and an average price target of $7.94.
View Our Latest Analysis on PTON
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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