Insider Selling: Peloton Interactive (NASDAQ:PTON) Director Sells 25,000 Shares

Peloton Interactive, Inc. (NASDAQ:PTON) Director Karen Boone sold 25,000 shares of the business’s stock in a transaction that occurred on Monday, August 17th. The shares were sold at an average price of $5.35, for a total value of $133,750.00. Following the completion of the transaction, the director directly owned 236,063 shares in the company, valued at approximately $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 SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Peloton Interactive Trading Up 0.2%

Peloton Interactive stock traded up $0.01 during midday trading on Tuesday, reaching $5.30. The stock had a trading volume of 8,565,106 shares, compared to its average volume of 12,656,355. The company has a fifty day moving average price of $5.91 and a two-hundred day moving average price of $5.20. Peloton Interactive, Inc. has a 12 month low of $3.65 and a 12 month high of $9.20. The company has a market capitalization of $2.33 billion, a P/E ratio of 44.17, a PEG ratio of 0.36 and a beta of 2.52.

Peloton Interactive (NASDAQ:PTON) last announced its earnings results on Thursday, August 6th. The company reported $0.13 earnings per share (EPS) for the quarter, beating 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 company had revenue of $607.70 million for the quarter, compared to analysts’ expectations of $596.60 million. During the same quarter in the previous year, the firm earned $0.05 earnings per share. Peloton Interactive’s quarterly revenue was up .1% on a year-over-year basis. On average, equities research analysts predict that Peloton Interactive, Inc. will post 0.31 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on the stock. Wall Street Zen upgraded shares of Peloton Interactive from a “hold” rating to a “buy” rating in a research note on Saturday, May 16th. Weiss Ratings raised Peloton Interactive from a “sell (d)” rating to a “sell (d+)” rating in a report on Tuesday, May 26th. UBS Group reissued a “buy” rating on shares of Peloton Interactive in a report on Monday, June 15th. The Goldman Sachs Group upped their price target on Peloton Interactive from $7.00 to $8.00 and gave the stock a “buy” rating in a research report on Friday, May 8th. Finally, Telsey Advisory Group reaffirmed a “market perform” rating on shares of Peloton Interactive in a research note on Monday, August 3rd. Five investment analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, Peloton Interactive has an average rating of “Hold” and an average price target of $7.94.

Institutional Trading of Peloton Interactive

A number of institutional investors and hedge funds have recently made changes to their positions in PTON. Hennessy Advisors Inc. purchased a new position in Peloton Interactive during the 4th quarter worth $30,533,000. Jackson Creek Investment Advisors LLC purchased a new stake in shares of Peloton Interactive in the fourth quarter valued at about $1,110,000. Vanguard Group Inc. increased its stake in shares of Peloton Interactive by 1.5% during the fourth quarter. Vanguard Group Inc. now owns 39,227,591 shares of the company’s stock worth $241,642,000 after acquiring an additional 591,300 shares during the period. Ardmore Road Asset Management LP increased its stake in shares of Peloton Interactive by 187.9% during the first quarter. Ardmore Road Asset Management LP now owns 1,500,000 shares of the company’s stock worth $6,435,000 after acquiring an additional 979,058 shares during the period. Finally, Bastion Asset Management Inc. purchased a new position in Peloton Interactive during the first quarter worth about $7,020,000. 77.01% of the stock is currently owned by hedge funds and other institutional investors.

Peloton Interactive Company Profile

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.