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

Key Points

• Peloton insider Dion Sanders sold 112,512 shares at an average price of $5.45, generating $613,190.40. The Rule 10b5-1 transaction reduced his direct holdings by 85.68% to 18,801 shares.
• Peloton shares recently traded near $5.41, within a 52-week range of $3.65 to $9.20. The company’s latest quarterly results beat expectations, with earnings per share of $0.13 versus the $0.11 consensus and revenue of $607.7 million.
• Institutional investors own approximately 77.01% of Peloton, with notable stake increases from Royal Bank of Canada and Goldman Sachs. Analysts maintain a consensus “Hold” rating, with an average price target of $7.94.

Peloton Interactive, Inc. (NASDAQ:PTON - Get Free Report) insider Dion Sanders sold 112,512 shares of the stock in a transaction dated Wednesday, August 19th. The shares were sold at an average price of $5.45, for a total value of $613,190.40. Following the completion of the sale, the insider directly owned 18,801 shares of the company's stock, valued at approximately $102,465.45. The trade was a 85.68% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Peloton Interactive Price Performance

Shares of Peloton Interactive stock traded down $0.17 during midday trading on Friday, reaching $5.41. The company had a trading volume of 4,208,626 shares, compared to its average volume of 12,526,420. The stock has a fifty day moving average price of $5.90 and a 200 day moving average price of $5.20. Peloton Interactive, Inc. has a fifty-two week low of $3.65 and a fifty-two week high of $9.20. The firm has a market cap of $2.37 billion, a PE ratio of 45.09, a P/E/G ratio of 0.48 and a beta of 2.52.

Peloton Interactive (NASDAQ:PTON - Get Free Report) last released its earnings results on Thursday, August 6th. The company reported $0.13 earnings per share for the quarter, beating analysts' consensus estimates of $0.11 by $0.02. The business had revenue of $607.70 million during the quarter, compared to the consensus estimate of $596.60 million. Peloton Interactive had a net margin of 2.58% and a negative return on equity of 23.92%. The company's revenue for the quarter was up .1% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.05 EPS. As a group, sell-side analysts forecast that Peloton Interactive, Inc. will post 0.28 EPS for the current year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the stock. Royal Bank of Canada increased its stake in Peloton Interactive by 342.6% in the first quarter. Royal Bank of Canada now owns 616,367 shares of the company's stock valued at $3,896,000 after purchasing an additional 477,106 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in shares of Peloton Interactive by 2.4% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 290,981 shares of the company's stock valued at $1,839,000 after buying an additional 6,921 shares during the period. NewEdge Advisors LLC grew its stake in shares of Peloton Interactive by 3,132.6% in the 1st quarter. NewEdge Advisors LLC now owns 15,549 shares of the company's stock valued at $98,000 after buying an additional 15,068 shares during the period. Goldman Sachs Group Inc. increased its position in Peloton Interactive by 27.1% in the 1st 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. Finally, Caxton Associates LLP bought a new stake in Peloton Interactive in the 1st quarter valued at about $282,000. 77.01% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

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

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