Peloton Interactive, Inc. (NASDAQ:PTON) Insider Nick V. Caldwell Sells 63,925 Shares

Peloton Interactive, Inc. (NASDAQ:PTON - Get Free Report) insider Nick V. Caldwell sold 63,925 shares of the company's stock in a transaction dated Monday, June 16th. The stock was sold at an average price of $6.99, for a total transaction of $446,835.75. Following the completion of the sale, the insider now directly owns 578,668 shares of the company's stock, valued at $4,044,889.32. The trade was a 9.95% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

Peloton Interactive Stock Performance

PTON stock traded down $0.82 during trading on Tuesday, hitting $6.11. The company had a trading volume of 27,397,984 shares, compared to its average volume of 15,420,648. The business has a 50-day moving average of $6.61 and a 200-day moving average of $7.59. 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 announced its quarterly earnings data on Thursday, May 8th. The company reported ($0.12) EPS for the quarter, missing the consensus estimate of ($0.06) by ($0.06). The firm had revenue of $624.00 million for the quarter, compared to the consensus estimate of $620.39 million. During the same period last year, the business posted ($0.45) earnings per share. The firm's revenue for the quarter was down 13.1% on a year-over-year basis. As a group, research analysts forecast that Peloton Interactive, Inc. will post -0.36 earnings per share for the current year.

Analysts Set New Price Targets

A number of brokerages have recently commented on PTON. Needham & Company LLC reiterated a "hold" rating on shares of Peloton Interactive in a research report on Friday, May 9th. Canaccord Genuity Group raised Peloton Interactive from a "hold" rating to a "buy" rating and set a $10.00 price objective on the stock in a report on Friday, March 14th. Telsey Advisory Group decreased their price objective on shares of Peloton Interactive from $9.00 to $8.00 and set a "market perform" rating on the stock in a report on Friday, May 9th. Macquarie upgraded Peloton Interactive from a "neutral" rating to an "outperform" rating and raised their target price for the stock from $9.00 to $10.00 in a report on Tuesday, May 13th. Finally, Bank of America decreased their target price on Peloton Interactive from $11.50 to $9.50 and set a "buy" rating for the company in a research note on Tuesday, April 15th. Thirteen investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus price target of $8.30.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in PTON. Rhumbline Advisers raised its position in shares of Peloton Interactive by 5.8% during the first quarter. Rhumbline Advisers now owns 507,138 shares of the company's stock worth $3,205,000 after purchasing an additional 28,004 shares during the period. Strs Ohio bought a new position in shares of Peloton Interactive in the first quarter valued at $485,000. Acadian Asset Management LLC increased its position in shares of Peloton Interactive by 192.1% during the first quarter. Acadian Asset Management LLC now owns 1,001,351 shares of the company's stock worth $6,321,000 after acquiring an additional 658,576 shares in the last quarter. Focus Partners Wealth acquired a new stake in shares of Peloton Interactive in the 1st quarter worth about $124,000. Finally, Bayforest Capital Ltd lifted its position in Peloton Interactive by 1,811.3% in the 1st quarter. Bayforest Capital Ltd now owns 198,790 shares of the company's stock valued at $1,256,000 after acquiring an additional 188,389 shares in the last quarter. 77.01% of the stock is 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.

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