Peloton Interactive (NASDAQ:PTON) COO Charles Peter Kirol Sells 28,849 Shares of Company Stock

Peloton Interactive, Inc. (NASDAQ:PTON) COO Charles Kirol sold 28,849 shares of the firm’s stock in a transaction on Thursday, October 15th. The shares were sold at an average price of $5.33, for a total value of $153,765.17. Following the completion of the sale, the chief operating officer owned 197,334 shares in the company, valued at $1,051,790.22. The trade was a 12.75% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.

Peloton Interactive Trading Up 0.2%

NASDAQ:PTON traded up $0.01 during midday trading on Monday, hitting $5.23. 6,303,978 shares of the stock were exchanged, compared to its average volume of 11,764,178. The company has a market capitalization of $2.30 billion, a price-to-earnings ratio of 43.59, a P/E/G ratio of 0.41 and a beta of 2.54. The business has a 50-day moving average price of $5.16 and a two-hundred day moving average price of $5.45. Peloton Interactive, Inc. has a one year low of $3.65 and a one year high of $8.19.

Peloton Interactive (NASDAQ:PTON) 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. Sell-side analysts forecast that Peloton Interactive, Inc. will post 0.31 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the stock. Pale Fire Capital SE bought a new position in shares of Peloton Interactive in the first quarter worth about $26,746,000. Technology Crossover Management IX Ltd. bought a new position in Peloton Interactive during the 2nd quarter worth $21,727,601. Kanen Wealth Management LLC bought a new position in shares of Peloton Interactive during the first quarter worth about $7,560,000. Bastion Asset Management Inc. bought a new stake in shares of Peloton Interactive in the 1st quarter valued at $7,020,000. Finally, Walleye Capital LLC grew its holdings in Peloton Interactive by 703.6% during the 1st quarter. Walleye Capital LLC now owns 1,423,719 shares of the company’s stock worth $6,108,000 after acquiring an additional 1,246,557 shares during the period. Institutional investors own 77.01% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on PTON. UBS Group dropped their target price on shares of Peloton Interactive from $11.00 to $10.00 and set a “buy” rating for the company in a research report on Tuesday, September 8th. Morgan Stanley cut Peloton Interactive from an “equal weight” rating to an “underweight” rating and dropped their price objective for the stock from $5.00 to $4.50 in a report on Tuesday, September 8th. Weiss Ratings raised Peloton Interactive from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Friday, October 2nd. Finally, Telsey Advisory Group restated a “market perform” rating on shares of Peloton Interactive in a report on Monday, August 3rd. Four investment analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $7.72.

Peloton Interactive Company Profile

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.