Key Points
- Peloton COO Charles Kirol sold 28,849 shares at an average price of $5.33, totaling approximately $153,765. After the sale, he retained 197,334 shares, reducing his ownership by 12.75%.
- Peloton recently reported quarterly earnings of $0.13 per share, exceeding analyst expectations of $0.11, while revenue reached $607.7 million versus the $596.6 million consensus estimate.
- Analysts maintain a consensus “Hold” rating with an average price target of $7.72; institutional investors and hedge funds own approximately 77.01% of the company.
Peloton Interactive, Inc. (NASDAQ:PTON - Get Free Report) COO Charles Kirol sold 28,849 shares of Peloton Interactive stock in a transaction dated Thursday, October 15th. The stock was sold at an average price of $5.33, for a total transaction of $153,765.17. Following the transaction, the chief operating officer directly owned 197,334 shares in the company, valued at $1,051,790.22. This trade represents a 12.75% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.
Peloton Interactive Price Performance
NASDAQ:PTON opened at $5.23 on Tuesday. The firm has a market capitalization of $2.30 billion, a price-to-earnings ratio of 43.50, a PEG ratio of 0.41 and a beta of 2.54. The company's 50-day moving average is $5.15 and its two-hundred day moving average is $5.46. Peloton Interactive, Inc. has a 1-year low of $3.65 and a 1-year high of $8.19.
Peloton Interactive (NASDAQ:PTON - Get Free Report) last posted its quarterly earnings results on Thursday, August 6th. The company reported $0.13 earnings per share for the quarter, beating the consensus estimate of $0.11 by $0.02. The business had revenue of $607.70 million during the quarter, compared to analysts' expectations of $596.60 million. Peloton Interactive had a net margin of 2.58% and a negative return on equity of 23.92%. The business's revenue for the quarter was up .1% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.05 EPS. As a group, equities analysts anticipate that Peloton Interactive, Inc. will post 0.31 earnings per share for the current fiscal year.
Analysts Set New Price Targets
Several research analysts recently weighed in on the company. Weiss Ratings upgraded Peloton Interactive from a "sell (d+)" rating to a "hold (c-)" rating in a research report on Friday, October 2nd. Telsey Advisory Group reissued a "market perform" rating on shares of Peloton Interactive in a research note on Monday, August 3rd. Morgan Stanley downgraded Peloton Interactive from an "equal weight" rating to an "underweight" rating and reduced their target price for the company from $5.00 to $4.50 in a research report on Tuesday, September 8th. Finally, UBS Group decreased their price target on Peloton Interactive from $11.00 to $10.00 and set a "buy" rating on the stock in a research note on Tuesday, September 8th. Four research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus target price of $7.72.
Get Our Latest Analysis on Peloton Interactive
Institutional Inflows and Outflows
A number of large investors have recently bought and sold shares of PTON. GAMMA Investing LLC boosted its stake in Peloton Interactive by 232.0% during the second quarter. GAMMA Investing LLC now owns 4,399 shares of the company's stock worth $26,000 after buying an additional 3,074 shares during the period. Sankala Group LLC acquired a new stake in shares of Peloton Interactive during the fourth quarter valued at about $31,000. Cora Capital Advisors LLC purchased a new stake in shares of Peloton Interactive in the 1st quarter valued at approximately $43,000. Proficio Capital Partners LLC purchased a new stake in shares of Peloton Interactive in the 2nd quarter valued at approximately $60,000. Finally, Lotus Technology Management LP purchased a new stake in shares of Peloton Interactive in the 2nd quarter valued at approximately $60,000. Institutional investors and hedge funds own 77.01% of the company's stock.
Peloton Interactive Company Profile
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Get Free Report)
Peloton Interactive, Inc is a connected fitness company that combines exercise equipment, digital technology and subscription-based workout content. Its platform provides instructor-led and on-demand classes across cycling, running, strength training, rowing, yoga, meditation and other fitness activities.
Peloton's product portfolio includes the Peloton Bike and Bike+, Tread treadmill, Row rowing machine and Guide strength-training device. The company also offers a standalone Peloton App, which gives members access to digital classes and wellness content on compatible devices without requiring Peloton hardware.
Founded in 2012, Peloton initially built its business around connected indoor cycling before expanding into additional equipment and digital fitness services.
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