Peloton Interactive, Inc. (NASDAQ:PTON - Get Free Report) insider Dion C. Sanders sold 127,911 shares of the company's stock in a transaction that occurred on Tuesday, September 16th. The shares were sold at an average price of $7.78, for a total value of $995,147.58. Following the completion of the sale, the insider owned 110,753 shares in the company, valued at $861,658.34. The trade was a 53.59% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.
Peloton Interactive Stock Up 4.3%
PTON traded up $0.34 during trading on Friday, hitting $8.27. The company's stock had a trading volume of 19,245,098 shares, compared to its average volume of 13,904,804. Peloton Interactive, Inc. has a twelve month low of $4.25 and a twelve month high of $10.90. The stock's fifty day moving average price is $7.40 and its 200-day moving average price is $6.80. The firm has a market capitalization of $3.37 billion, a P/E ratio of -26.68 and a beta of 2.07.
Peloton Interactive (NASDAQ:PTON - Get Free Report) last issued its quarterly earnings results on Thursday, August 7th. The company reported $0.05 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.07) by $0.12. The business had revenue of $606.90 million during the quarter, compared to analyst estimates of $580.29 million. During the same period last year, the firm posted ($0.08) earnings per share. Peloton Interactive's quarterly revenue was down 5.8% compared to the same quarter last year. Peloton Interactive has set its FY 2025 guidance at EPS. Equities research analysts expect that Peloton Interactive, Inc. will post -0.36 EPS for the current fiscal year.
Analyst Ratings Changes
Several equities analysts have issued reports on PTON shares. Needham & Company LLC reissued a "hold" rating on shares of Peloton Interactive in a research note on Thursday, August 7th. Morgan Stanley upped their target price on Peloton Interactive from $4.00 to $5.75 and gave the stock an "equal weight" rating in a research report on Monday, August 4th. Truist Financial set a $11.00 target price on Peloton Interactive in a research report on Thursday, August 7th. UBS Group raised Peloton Interactive from a "neutral" rating to a "buy" rating and increased their price target for the company from $7.50 to $11.00 in a research report on Wednesday, July 30th. Finally, Macquarie increased their price target on Peloton Interactive from $10.00 to $11.00 and gave the company an "outperform" rating in a research report on Thursday, August 14th. Eight investment analysts have rated the stock with a Buy rating and nine have given a Hold rating to the stock. Based on data from MarketBeat.com, Peloton Interactive has a consensus rating of "Hold" and a consensus price target of $9.29.
Get Our Latest Research Report on PTON
Institutional Inflows and Outflows
Several hedge funds and other institutional investors have recently modified their holdings of the business. Vident Advisory LLC boosted its position in Peloton Interactive by 1.1% during the 2nd quarter. Vident Advisory LLC now owns 110,258 shares of the company's stock worth $765,000 after buying an additional 1,180 shares during the period. Comerica Bank grew its stake in shares of Peloton Interactive by 29.1% in the 4th quarter. Comerica Bank now owns 6,164 shares of the company's stock worth $54,000 after acquiring an additional 1,389 shares in the last quarter. Cetera Investment Advisers lifted its holdings in Peloton Interactive by 9.1% during the fourth quarter. Cetera Investment Advisers now owns 17,144 shares of the company's stock valued at $149,000 after purchasing an additional 1,432 shares during the last quarter. Federated Hermes Inc. lifted its holdings in Peloton Interactive by 0.3% during the first quarter. Federated Hermes Inc. now owns 533,820 shares of the company's stock valued at $3,374,000 after purchasing an additional 1,643 shares during the last quarter. Finally, Victory Capital Management Inc. lifted its holdings in shares of Peloton Interactive by 4.4% in the first quarter. Victory Capital Management Inc. now owns 43,944 shares of the company's stock worth $278,000 after buying an additional 1,860 shares in the last quarter. Hedge funds and other institutional investors own 77.01% of the company's stock.
Peloton Interactive Company Profile
(
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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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