Peloton Interactive, Inc. (NASDAQ:PTON) Insider Sells $242,320.00 in Stock

Key Points

• Peloton insider Nick V. Caldwell sold 30,290 shares at an average price of $8.00, representing a 5.23% decrease in his ownership stake.
• The company announced quarterly earnings with an EPS of $0.05, surpassing estimates by $0.12, although revenue was down 5.8% year-over-year.
• Analysts have mixed ratings on Peloton, with recent upgrades raising the price target to between $10.00 and $11.00, while maintaining an average rating of "Hold."

Peloton Interactive, Inc. (NASDAQ:PTON - Get Free Report) insider Nick V. Caldwell sold 30,290 shares of the business's stock in a transaction dated Thursday, August 7th. The shares were sold at an average price of $8.00, for a total transaction of $242,320.00. Following the completion of the sale, the insider directly owned 548,378 shares of the company's stock, valued at $4,387,024. This represents a 5.23% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Peloton Interactive Trading Up 1.5%

NASDAQ:PTON traded up $0.13 during trading hours on Friday, hitting $8.62. 1,544,947 shares of the stock were exchanged, compared to its average volume of 14,414,395. Peloton Interactive, Inc. has a 52-week low of $3.11 and a 52-week high of $10.90. The firm's fifty day moving average price is $6.85 and its 200 day moving average price is $6.91. The company has a market cap of $3.36 billion, a P/E ratio of -27.69 and a beta of 2.08.

Peloton Interactive (NASDAQ:PTON - Get Free Report) last posted its quarterly earnings results on Thursday, August 7th. The company reported $0.05 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.07) by $0.12. The company had revenue of $606.90 million during the quarter, compared to analysts' expectations of $580.29 million. During the same quarter last year, the company earned ($0.08) earnings per share. Peloton Interactive's revenue for the quarter was down 5.8% on a year-over-year basis. Equities analysts expect that Peloton Interactive, Inc. will post -0.36 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

PTON has been the topic of a number of recent analyst reports. Needham & Company LLC reiterated a "hold" rating on shares of Peloton Interactive in a research report on Thursday, August 7th. Telsey Advisory Group restated a "market perform" rating and set a $8.00 price target on shares of Peloton Interactive in a report on Thursday, August 7th. The Goldman Sachs Group raised Peloton Interactive from a "neutral" rating to a "buy" rating and upped their target price for the stock from $7.00 to $11.50 in a research report on Friday, August 8th. 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 raised their target price on Peloton Interactive from $10.00 to $11.00 and gave the company an "outperform" rating in a research report on Thursday. Ten investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. Based on data from MarketBeat, Peloton Interactive presently has an average rating of "Hold" and an average target price of $8.79.

Institutional Trading of Peloton Interactive

Hedge funds have recently modified their holdings of the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in shares of Peloton Interactive by 4.0% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 284,060 shares of the company's stock valued at $2,471,000 after acquiring an additional 11,008 shares in the last quarter. Wealth Enhancement Advisory Services LLC increased its holdings in Peloton Interactive by 385.6% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 60,476 shares of the company's stock valued at $382,000 after buying an additional 48,023 shares during the last quarter. Teacher Retirement System of Texas purchased a new position in Peloton Interactive in the first quarter valued at $431,000. Wexford Capital LP purchased a new position in Peloton Interactive in the fourth quarter valued at $764,000. Finally, Procyon Advisors LLC purchased a new position in Peloton Interactive in the first quarter valued at $345,000. 77.01% of the stock is currently owned by institutional investors and hedge funds.

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.