Peloton Interactive, Inc. (NASDAQ:PTON) COO Charles Peter Kirol Sells 20,633 Shares

Peloton Interactive, Inc. (NASDAQ:PTON - Get Free Report) COO Charles Peter Kirol sold 20,633 shares of the business's stock in a transaction dated Wednesday, July 16th. The shares were sold at an average price of $6.39, for a total value of $131,844.87. Following the completion of the transaction, the chief operating officer directly owned 35,877 shares of the company's stock, valued at approximately $229,254.03. The trade was a 36.51% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink.

Peloton Interactive Trading Up 0.2%

NASDAQ:PTON traded up $0.01 on Friday, hitting $6.29. The company's stock had a trading volume of 7,575,777 shares, compared to its average volume of 15,288,521. The stock has a fifty day moving average of $6.76 and a two-hundred day moving average of $7.12. The firm has a market capitalization of $2.45 billion, a P/E ratio of -14.30 and a beta of 2.11. Peloton Interactive, Inc. has a one year low of $2.83 and a one year high of $10.90.

Peloton Interactive (NASDAQ:PTON - Get Free Report) last released its quarterly earnings data on Thursday, May 8th. The company reported ($0.12) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.06) by ($0.06). The business had revenue of $624.00 million during the quarter, compared to analysts' expectations of $620.39 million. The firm's revenue for the quarter was down 13.1% on a year-over-year basis. During the same quarter last year, the company earned ($0.45) EPS. As a group, sell-side analysts anticipate that Peloton Interactive, Inc. will post -0.36 EPS for the current year.

Analysts Set New Price Targets

Several research firms have recently weighed in on PTON. JMP Securities reaffirmed a "market perform" rating on shares of Peloton Interactive in a research report on Monday, April 14th. Bank of America reduced their price objective on Peloton Interactive from $11.50 to $9.50 and set a "buy" rating for the company in a research report on Tuesday, April 15th. Deutsche Bank Aktiengesellschaft raised Peloton Interactive from a "hold" rating to a "buy" rating and set a $6.60 price objective for the company in a research report on Monday, April 14th. Truist Financial raised Peloton Interactive from a "hold" rating to a "buy" rating and set a $11.00 price objective for the company in a research report on Monday, April 28th. Finally, The Goldman Sachs Group reduced their price objective on Peloton Interactive from $10.00 to $7.00 and set a "neutral" rating for the company in a research report on Friday, May 9th. Twelve equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average target price of $8.30.

Institutional Trading of Peloton Interactive

Institutional investors and hedge funds have recently bought and sold shares of the business. Russell Investments Group Ltd. increased its stake 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 purchasing an additional 3,636 shares during the period. FNY Investment Advisers LLC bought a new position in shares of Peloton Interactive during the first quarter worth approximately $37,000. Nisa Investment Advisors LLC increased its stake 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 worth $41,000 after purchasing an additional 1,864 shares during the period. GAMMA Investing LLC increased its stake in shares of Peloton Interactive by 1,082.5% during the first quarter. GAMMA Investing LLC now owns 8,159 shares of the company's stock worth $52,000 after purchasing an additional 7,469 shares during the period. Finally, Comerica Bank increased its stake in shares of Peloton Interactive by 29.1% during the fourth quarter. Comerica Bank now owns 6,164 shares of the company's stock worth $54,000 after purchasing an additional 1,389 shares during the period. Institutional investors own 77.01% of the company's stock.

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.