Peloton Interactive, Inc. (NASDAQ:PTON) Insider Andrew S. Rendich Sells 27,741 Shares

Peloton Interactive, Inc. (NASDAQ:PTON - Get Free Report) insider Andrew S. Rendich sold 27,741 shares of Peloton Interactive stock in a transaction that occurred on Monday, May 20th. The stock was sold at an average price of $3.91, for a total transaction of $108,467.31. Following the sale, the insider now owns 113,288 shares in the company, valued at $442,956.08. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website.

Peloton Interactive Stock Performance

PTON traded up $0.16 during mid-day trading on Wednesday, reaching $3.43. 33,965,251 shares of the stock were exchanged, compared to its average volume of 16,470,297. The stock has a market capitalization of $1.27 billion, a PE ratio of -1.66 and a beta of 2.01. The company has a 50 day moving average price of $3.79 and a two-hundred day moving average price of $4.80. Peloton Interactive, Inc. has a 1 year low of $2.70 and a 1 year high of $9.87.

Peloton Interactive (NASDAQ:PTON - Get Free Report) last issued its quarterly earnings results on Thursday, May 2nd. The company reported ($0.45) earnings per share for the quarter, missing analysts' consensus estimates of ($0.39) by ($0.06). The company had revenue of $717.70 million for the quarter, compared to the consensus estimate of $720.85 million. The business's revenue was down 4.2% compared to the same quarter last year. During the same quarter in the prior year, the business earned ($0.79) earnings per share. Sell-side analysts expect that Peloton Interactive, Inc. will post -1.62 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on PTON. Oppenheimer reiterated an "outperform" rating on shares of Peloton Interactive in a research note on Tuesday, May 7th. Roth Mkm lowered their price objective on shares of Peloton Interactive from $7.00 to $5.00 and set a "buy" rating for the company in a research note on Friday, May 3rd. Bank of America lowered their price objective on shares of Peloton Interactive from $4.00 to $3.25 and set an "underperform" rating for the company in a research note on Monday, April 29th. Sanford C. Bernstein lowered shares of Peloton Interactive from an "outperform" rating to a "market perform" rating and lowered their price objective for the company from $8.00 to $3.80 in a research note on Friday, May 3rd. Finally, Morgan Stanley began coverage on shares of Peloton Interactive in a research note on Monday, March 11th. They issued an "equal weight" rating and a $3.00 price objective for the company. Three investment analysts have rated the stock with a sell rating, fourteen have given a hold rating and four have given a buy rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Hold" and a consensus price target of $5.14.

Hedge Funds Weigh In On Peloton Interactive

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Raymond James Financial Services Advisors Inc. boosted its holdings in shares of Peloton Interactive by 6.4% in the 4th quarter. Raymond James Financial Services Advisors Inc. now owns 31,983 shares of the company's stock worth $195,000 after buying an additional 1,921 shares during the last quarter. Principal Financial Group Inc. lifted its holdings in Peloton Interactive by 3.5% during the third quarter. Principal Financial Group Inc. now owns 91,109 shares of the company's stock valued at $460,000 after purchasing an additional 3,071 shares during the last quarter. Arizona State Retirement System lifted its holdings in Peloton Interactive by 4.2% during the third quarter. Arizona State Retirement System now owns 90,921 shares of the company's stock valued at $459,000 after purchasing an additional 3,632 shares during the last quarter. M&T Bank Corp lifted its holdings in Peloton Interactive by 25.4% during the third quarter. M&T Bank Corp now owns 18,002 shares of the company's stock valued at $91,000 after purchasing an additional 3,643 shares during the last quarter. Finally, Private Advisor Group LLC lifted its holdings in Peloton Interactive by 11.5% during the fourth quarter. Private Advisor Group LLC now owns 37,373 shares of the company's stock valued at $228,000 after purchasing an additional 3,855 shares during the last quarter. 77.01% of the stock is owned by hedge funds and other institutional investors.

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.

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