Peloton Interactive (NASDAQ:PTON) Insider Dion Sanders Sells 112,512 Shares

Peloton Interactive, Inc. (NASDAQ:PTON) insider Dion Sanders sold 112,512 shares of Peloton Interactive stock in a transaction that occurred on Wednesday, August 19th. The stock was sold at an average price of $5.45, for a total transaction of $613,190.40. Following the sale, the insider owned 18,801 shares of the company’s stock, valued at approximately $102,465.45. This represents a 85.68% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Peloton Interactive Stock Performance

Shares of Peloton Interactive stock opened at $5.41 on Friday. The firm has a fifty day moving average of $5.90 and a two-hundred day moving average of $5.20. The stock has a market capitalization of $2.37 billion, a price-to-earnings ratio of 45.09, a PEG ratio of 0.49 and a beta of 2.52. Peloton Interactive, Inc. has a 52 week low of $3.65 and a 52 week high of $9.20.

Peloton Interactive (NASDAQ:PTON) last announced its quarterly earnings results on Thursday, August 6th. The company reported $0.13 EPS for the quarter, beating analysts’ consensus estimates 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 during the quarter, compared to analysts’ expectations of $596.60 million. During the same period in the prior year, the business posted $0.05 EPS. Peloton Interactive’s revenue was up .1% on a year-over-year basis. As a group, research analysts forecast that Peloton Interactive, Inc. will post 0.28 EPS for the current fiscal year.

Institutional Trading of Peloton Interactive

Several hedge funds and other institutional investors have recently modified their holdings of the company. DNB Asset Management AS raised its position in Peloton Interactive by 142.4% in the 4th 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 during the last quarter. Pale Fire Capital SE acquired a new position in Peloton Interactive during the 1st quarter worth approximately $26,746,000. Alyeska Investment Group L.P. grew its stake in shares of Peloton Interactive by 306.0% during the 4th quarter. Alyeska Investment Group L.P. now owns 5,462,344 shares of the company’s stock worth $33,648,000 after acquiring an additional 4,116,986 shares in the last quarter. Norges Bank bought a new position in shares of Peloton Interactive during the 4th quarter worth approximately $23,796,000. Finally, Technology Crossover Management IX Ltd. acquired a new stake in shares of Peloton Interactive in the second quarter valued at approximately $21,727,601,000. Institutional investors and hedge funds own 77.01% of the company’s stock.

Analyst Ratings Changes

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

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.