Peloton Interactive (NASDAQ:PTON) Insider Dion Sanders Sells 112,523 Shares of Stock

Peloton Interactive, Inc. (NASDAQ:PTON) insider Dion Sanders sold 112,523 shares of the company’s stock in a transaction that occurred on Wednesday, May 20th. The stock was sold at an average price of $5.19, for a total transaction of $583,994.37. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Peloton Interactive Stock Performance

PTON opened at $5.18 on Friday. Peloton Interactive, Inc. has a one year low of $3.65 and a one year high of $9.20. The company has a market cap of $2.24 billion, a P/E ratio of 129.53, a PEG ratio of 0.89 and a beta of 2.50. The business’s 50-day simple moving average is $4.75 and its 200-day simple moving average is $5.48.

Peloton Interactive (NASDAQ:PTON) last released its quarterly earnings data on Thursday, May 7th. The company reported $0.06 EPS for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.01). Peloton Interactive had a net margin of 0.94% and a negative return on equity of 6.95%. The business had revenue of $630.90 million during the quarter, compared to analysts’ expectations of $618.25 million. During the same quarter in the previous year, the company posted ($0.12) EPS. The company’s revenue was up 1.1% compared to the same quarter last year. As a group, analysts predict that Peloton Interactive, Inc. will post 0.13 earnings per share for the current fiscal year.

Institutional Trading of Peloton Interactive

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Vanguard Group Inc. boosted its holdings in shares of Peloton Interactive by 1.5% in the fourth quarter. Vanguard Group Inc. now owns 39,227,591 shares of the company’s stock valued at $241,642,000 after acquiring an additional 591,300 shares in the last quarter. Eminence Capital LP boosted its stake in shares of Peloton Interactive by 20.3% in the fourth quarter. Eminence Capital LP now owns 18,154,907 shares of the company’s stock valued at $111,834,000 after buying an additional 3,069,497 shares in the last quarter. DNB Asset Management AS boosted its stake in shares of Peloton Interactive by 142.4% in the fourth quarter. DNB Asset Management AS now owns 10,776,627 shares of the company’s stock valued at $66,384,000 after buying an additional 6,331,510 shares in the last quarter. Geode Capital Management LLC boosted its stake in shares of Peloton Interactive by 3.9% in the fourth quarter. Geode Capital Management LLC now owns 9,741,115 shares of the company’s stock valued at $60,015,000 after buying an additional 369,614 shares in the last quarter. Finally, Goldman Sachs Group Inc. boosted its stake in shares of Peloton Interactive by 27.1% in 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. Hedge funds and other institutional investors own 77.01% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have issued reports on PTON. The Goldman Sachs Group raised their price objective on shares of Peloton Interactive from $7.00 to $8.00 and gave the stock a “buy” rating in a research report on Friday, May 8th. JPMorgan Chase & Co. lowered their target price on Peloton Interactive from $9.00 to $6.00 and set a “neutral” rating on the stock in a research note on Friday, February 6th. Zacks Research downgraded Peloton Interactive from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, February 24th. Truist Financial lowered their target price on Peloton Interactive from $12.00 to $9.00 and set a “buy” rating on the stock in a research note on Friday, February 6th. Finally, Citigroup lowered their target price on Peloton Interactive from $8.25 to $5.00 and set a “neutral” rating on the stock in a research note on Thursday, February 12th. Five investment analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $8.25.

About Peloton Interactive

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.