Dion Sanders Sells 122,917 Shares of Peloton Interactive (NASDAQ:PTON) Stock

Key Points

• Dion Sanders sold 122,917 shares of Peloton Interactive, reducing his stake by 52.01% and netting $1,025,127.78 from the transaction.
• Peloton's stock recently declined by 7.2% to $7.84, with a consensus rating of "Hold" among analysts and a price target averaging $8.79.
• Peloton reported a 5.8% decrease in revenue year-over-year, with earnings per share exceeding analysts' expectations at $0.05 for the last quarter.

Peloton Interactive, Inc. (NASDAQ:PTON - Get Free Report) insider Dion Sanders sold 122,917 shares of the business's stock in a transaction on Monday, August 18th. The stock was sold at an average price of $8.34, for a total value of $1,025,127.78. Following the sale, the insider owned 113,439 shares of the company's stock, valued at approximately $946,081.26. The trade was a 52.01% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

Peloton Interactive Stock Down 7.2%

NASDAQ:PTON traded down $0.61 on Tuesday, reaching $7.84. The company's stock had a trading volume of 13,258,056 shares, compared to its average volume of 16,880,476. The business's 50-day moving average price is $6.89 and its two-hundred day moving average price is $6.90. Peloton Interactive, Inc. has a 1-year low of $3.14 and a 1-year high of $10.90.

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

Wall Street Analyst Weigh In

PTON has been the topic of a number of analyst reports. The Goldman Sachs Group upgraded Peloton Interactive from a "neutral" rating to a "buy" rating and upped their price target for the company from $7.00 to $11.50 in a research report on Friday, August 8th. Truist Financial set a $11.00 price target on Peloton Interactive in a report on Thursday, August 7th. Needham & Company LLC reissued a "hold" rating on shares of Peloton Interactive in a research note on Thursday, August 7th. Morgan Stanley boosted their target price on Peloton Interactive from $4.00 to $5.75 and gave the company an "equal weight" rating in a research note on Monday, August 4th. Finally, Telsey Advisory Group reiterated a "market perform" rating and set a $8.00 target price on shares of Peloton Interactive in a report on Thursday, August 7th. Nine investment analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the company's stock. According to data from MarketBeat.com, Peloton Interactive has a consensus rating of "Hold" and a consensus price target of $8.79.

Institutional Trading of Peloton Interactive

Several institutional investors have recently added to or reduced their stakes in PTON. Russell Investments Group Ltd. increased its position in shares of Peloton Interactive by 969.6% during the fourth quarter. Russell Investments Group Ltd. now owns 4,011 shares of the company's stock worth $35,000 after acquiring an additional 3,636 shares during the period. FNY Investment Advisers LLC acquired a new stake in shares of Peloton Interactive during the first quarter worth $37,000. Bessemer Group Inc. lifted its stake in shares of Peloton Interactive by 1,602.6% during the second quarter. Bessemer Group Inc. now owns 5,312 shares of the company's stock worth $37,000 after buying an additional 5,000 shares during the period. MAI Capital Management lifted its stake 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 worth $38,000 after buying an additional 2,158 shares during the period. Finally, Nisa Investment Advisors LLC lifted its position in 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 purchasing an additional 1,864 shares during the period. Institutional investors own 77.01% of the company's stock.

About Peloton Interactive

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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