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

Key Points

• Peloton COO Charles Kirol sold 28,849 shares at an average price of $5.33, generating approximately $153,765. Following the transaction, his holdings fell 12.75% to 197,334 shares.
• Peloton shares rose 0.2% to $5.23, with the stock trading between a 52-week range of $3.65 and $8.19. The company has a market capitalization of about $2.30 billion.
• Analysts maintain an overall “Hold” rating, with an average price target of $7.72; ratings include four Buys, seven Holds and one Sell. Institutional investors own approximately 77% of Peloton’s outstanding shares.

Peloton Interactive, Inc. (NASDAQ:PTON - Get Free Report) COO Charles Kirol sold 28,849 shares of the firm's stock in a transaction dated Thursday, October 15th. The stock was sold at an average price of $5.33, for a total value of $153,765.17. Following the sale, the chief operating officer owned 197,334 shares of the company's stock, valued at $1,051,790.22. The trade was a 12.75% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link.

Peloton Interactive Stock Up 0.2%

Shares of NASDAQ:PTON traded up $0.01 during trading on Monday, reaching $5.23. The stock had a trading volume of 6,303,978 shares, compared to its average volume of 11,764,178. Peloton Interactive, Inc. has a 52 week low of $3.65 and a 52 week high of $8.19. The firm 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 stock has a fifty day simple moving average of $5.16 and a two-hundred day simple moving average of $5.45.

Peloton Interactive (NASDAQ:PTON - Get Free Report) last issued its quarterly earnings data on Thursday, August 6th. The company reported $0.13 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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 company had revenue of $607.70 million during the quarter, compared to analysts' expectations of $596.60 million. During the same period last year, the business earned $0.05 earnings per share. The business's revenue was up .1% on a year-over-year basis. On average, analysts forecast that Peloton Interactive, Inc. will post 0.31 EPS for the current year.

Analyst Ratings Changes

A number of research firms recently issued reports on PTON. Telsey Advisory Group reiterated a "market perform" rating on shares of Peloton Interactive in a research report on Monday, August 3rd. UBS Group dropped their price objective on Peloton Interactive from $11.00 to $10.00 and set a "buy" rating on the stock in a research note on Tuesday, September 8th. Morgan Stanley cut shares of Peloton Interactive from an "equal weight" rating to an "underweight" rating and cut their price objective for the stock from $5.00 to $4.50 in a research report on Tuesday, September 8th. Finally, Weiss Ratings upgraded shares of Peloton Interactive from a "sell (d+)" rating to a "hold (c-)" rating in a report on Friday, October 2nd. Four 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 company. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average price target of $7.72.

Institutional Trading of Peloton Interactive

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

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.

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