Peloton Interactive, Inc. (NASDAQ:PTON) COO Thomas Cortese sold 40,000 shares of the company's stock in a transaction on Monday, June 21st. The shares were sold at an average price of $107.23, for a total value of $4,289,200.00. Following the completion of the sale, the chief operating officer now owns 40,413 shares of the company's stock, valued at $4,333,485.99. The sale was disclosed in a filing with the SEC, which can be accessed through this link.
Thomas Cortese also recently made the following trade(s):
- On Thursday, May 20th, Thomas Cortese sold 40,000 shares of Peloton Interactive stock. The shares were sold at an average price of $100.02, for a total value of $4,000,800.00.
- On Monday, April 12th, Thomas Cortese sold 40,000 shares of Peloton Interactive stock. The shares were sold at an average price of $117.88, for a total value of $4,715,200.00.
PTON stock traded up $0.36 during mid-day trading on Wednesday, reaching $117.53. The company had a trading volume of 358,997 shares, compared to its average volume of 10,892,520. The company has a debt-to-equity ratio of 0.41, a current ratio of 2.74 and a quick ratio of 2.26. The company has a market cap of $35.06 billion, a P/E ratio of 188.47 and a beta of 0.67. The company has a fifty day moving average of $102.87. Peloton Interactive, Inc. has a fifty-two week low of $52.42 and a fifty-two week high of $171.09.
Peloton Interactive (NASDAQ:PTON) last posted its quarterly earnings results on Thursday, May 6th. The company reported ($0.03) earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.11) by $0.08. Peloton Interactive had a return on equity of 11.53% and a net margin of 5.78%. The company had revenue of $1.26 billion for the quarter, compared to analyst estimates of $1.12 billion. During the same quarter last year, the company earned ($0.20) EPS. Peloton Interactive's revenue for the quarter was up 140.6% compared to the same quarter last year. Sell-side analysts predict that Peloton Interactive, Inc. will post -0.08 EPS for the current year.
Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Kathmere Capital Management LLC increased its holdings in shares of Peloton Interactive by 22.2% in the 4th quarter. Kathmere Capital Management LLC now owns 385 shares of the company's stock valued at $58,000 after acquiring an additional 70 shares during the last quarter. JCIC Asset Management Inc. increased its holdings in shares of Peloton Interactive by 10.5% in the 4th quarter. JCIC Asset Management Inc. now owns 1,013 shares of the company's stock valued at $154,000 after acquiring an additional 96 shares during the last quarter. North Star Investment Management Corp. increased its holdings in shares of Peloton Interactive by 13.3% in the 1st quarter. North Star Investment Management Corp. now owns 850 shares of the company's stock valued at $96,000 after acquiring an additional 100 shares during the last quarter. Lindbrook Capital LLC increased its holdings in shares of Peloton Interactive by 7.4% in the 1st quarter. Lindbrook Capital LLC now owns 1,445 shares of the company's stock valued at $162,000 after acquiring an additional 100 shares during the last quarter. Finally, Lehman & Derafelo Financial Resources LLC increased its holdings in shares of Peloton Interactive by 5.8% in the 1st quarter. Lehman & Derafelo Financial Resources LLC now owns 1,827 shares of the company's stock valued at $205,000 after acquiring an additional 100 shares during the last quarter. Institutional investors and hedge funds own 68.75% of the company's stock.
Several brokerages have issued reports on PTON. Truist dropped their target price on Peloton Interactive from $160.00 to $125.00 in a report on Friday, May 7th. MKM Partners upgraded Peloton Interactive from a "neutral" rating to a "buy" rating and set a $130.00 price target for the company in a report on Monday, March 8th. Argus lowered their price target on Peloton Interactive from $180.00 to $120.00 and set a "buy" rating for the company in a report on Friday, May 21st. Oppenheimer lowered their price target on Peloton Interactive from $185.00 to $150.00 and set an "outperform" rating for the company in a report on Friday, May 7th. Finally, UBS Group upgraded Peloton Interactive to a "sell" rating and lowered their price target for the stock from $124.00 to $74.00 in a report on Friday, May 7th. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating and twenty-three have given a buy rating to the company. The stock currently has an average rating of "Buy" and an average target price of $142.56.
Peloton Interactive Company Profile
Peloton Interactive, Inc provides interactive fitness products in North America and internationally. It offers connected fitness products, such as the Peloton Bike and the Peloton Tread, which include touchscreen that streams live and on-demand classes. The company also provides connected fitness subscriptions for multiple household users, and access to all live and on-demand classes, as well as Peloton Digital app for connected fitness subscribers to provide access to its classes.
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