Charles Peter Kirol Sells 3,587 Shares of Peloton Interactive (NASDAQ:PTON) Stock

Key Points

• COO Charles Peter Kirol sold 3,587 shares of Peloton Interactive at an average price of $7.60, decreasing their ownership by 10.00% to approximately 32,290 shares valued at $245,404.
• Peloton's stock is currently trading at $7.36, down 3.2%, with a 12-month high of $10.90 and a 12-month low of $4.19.
• The company recently reported a positive EPS of $0.05 for the last quarter, exceeding expectations, but revenue decreased by 5.8% year-over-year.

Peloton Interactive, Inc. (NASDAQ:PTON - Get Free Report) COO Charles Peter Kirol sold 3,587 shares of the business's stock in a transaction on Thursday, August 28th. The shares were sold at an average price of $7.60, for a total transaction of $27,261.20. Following the transaction, the chief operating officer owned 32,290 shares in the company, valued at approximately $245,404. This represents a 10.00% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

Charles Peter Kirol also recently made the following trade(s):

• On Wednesday, July 16th, Charles Peter Kirol sold 20,633 shares of Peloton Interactive stock. The shares were sold at an average price of $6.39, for a total transaction of $131,844.87.

Peloton Interactive Stock Down 3.2%

Shares of Peloton Interactive stock traded down $0.24 on Tuesday, hitting $7.36. 10,108,984 shares of the company traded hands, compared to its average volume of 14,159,710. The company has a 50-day moving average price of $7.08 and a 200 day moving average price of $6.84. Peloton Interactive, Inc. has a 12-month low of $4.19 and a 12-month high of $10.90. The company has a market cap of $3.00 billion, a PE ratio of -23.74 and a beta of 2.07.

Peloton Interactive (NASDAQ:PTON - Get Free Report) last posted its quarterly earnings results on Thursday, August 7th. The company reported $0.05 EPS for the quarter, beating the consensus estimate of ($0.07) by $0.12. The company had revenue of $606.90 million for the quarter, compared to analysts' expectations of $580.29 million. The company's revenue was down 5.8% on a year-over-year basis. During the same quarter in the prior year, the firm earned ($0.08) earnings per share. Peloton Interactive has set its FY 2025 guidance at EPS. Equities research analysts anticipate that Peloton Interactive, Inc. will post -0.36 EPS for the current year.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on the stock. Macquarie upped their price objective on shares of Peloton Interactive from $10.00 to $11.00 and gave the stock an "outperform" rating in a report on Thursday, August 14th. Needham & Company LLC reiterated a "hold" rating on shares of Peloton Interactive in a report on Thursday, August 7th. UBS Group upgraded shares of Peloton Interactive from a "neutral" rating to a "buy" rating and upped their price objective for the stock from $7.50 to $11.00 in a report on Wednesday, July 30th. Telsey Advisory Group reiterated a "market perform" rating and issued a $8.00 price objective on shares of Peloton Interactive in a report on Thursday, August 7th. Finally, Morgan Stanley upped their price target on shares of Peloton Interactive from $4.00 to $5.75 and gave the company an "equal weight" rating in a report on Monday, August 4th. Eight investment analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average target price of $9.29.

Institutional Investors Weigh In On Peloton Interactive

Hedge funds have recently bought and sold shares of the company. Bessemer Group Inc. boosted its holdings in Peloton Interactive by 1,602.6% during the second quarter. Bessemer Group Inc. now owns 5,312 shares of the company's stock valued at $37,000 after acquiring an additional 5,000 shares during the period. MAI Capital Management raised its position in shares of Peloton Interactive by 64.6% during the second quarter. MAI Capital Management now owns 5,498 shares of the company's stock valued at $38,000 after buying an additional 2,158 shares during the last quarter. FNY Investment Advisers LLC acquired a new position in shares of Peloton Interactive during the first quarter valued at about $37,000. Comerica Bank raised its position in shares of Peloton Interactive by 29.1% during the fourth quarter. Comerica Bank now owns 6,164 shares of the company's stock valued at $54,000 after buying an additional 1,389 shares during the last quarter. Finally, Nisa Investment Advisors LLC raised its position in shares of Peloton Interactive by 40.2% during the first quarter. Nisa Investment Advisors LLC now owns 6,503 shares of the company's stock valued at $41,000 after buying an additional 1,864 shares during the last quarter. 77.01% of the stock is currently owned by institutional investors.

Peloton Interactive Company Profile

Peloton Interactive, Inc operates interactive fitness platform in North America and internationally. The company offers connected fitness products with touchscreen that streams live and on-demand classes under the Peloton Bike, Peloton Bike+, Peloton Tread, Peloton Tread+, Peloton Guide, and Peloton Row names.

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