Peloton Interactive, Inc. (NASDAQ:PTON - Get Free Report) insider Nick V. Caldwell sold 63,925 shares of the stock in a transaction on Monday, June 16th. The shares were sold at an average price of $6.99, for a total transaction of $446,835.75. Following the transaction, the insider now directly owns 578,668 shares in the company, valued at approximately $4,044,889.32. The trade was a 9.95% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.
Peloton Interactive Stock Performance
Shares of Peloton Interactive stock traded down $0.04 during trading hours on Friday, hitting $6.18. The company's stock had a trading volume of 13,220,963 shares, compared to its average volume of 15,474,337. The stock has a market cap of $2.41 billion, a price-to-earnings ratio of -14.05 and a beta of 2.15. Peloton Interactive, Inc. has a twelve month low of $2.83 and a twelve month high of $10.90. The firm has a fifty day moving average of $6.63 and a 200-day moving average of $7.55.
Peloton Interactive (NASDAQ:PTON - Get Free Report) last posted its earnings results on Thursday, May 8th. The company reported ($0.12) EPS for the quarter, missing analysts' consensus estimates of ($0.06) by ($0.06). The business had revenue of $624.00 million for the quarter, compared to the consensus estimate of $620.39 million. During the same quarter in the prior year, the firm earned ($0.45) earnings per share. Peloton Interactive's revenue was down 13.1% compared to the same quarter last year. On average, sell-side analysts expect that Peloton Interactive, Inc. will post -0.36 earnings per share for the current fiscal year.
Wall Street Analyst Weigh In
Several equities analysts have recently weighed in on the company. JPMorgan Chase & Co. decreased their target price on Peloton Interactive from $8.00 to $7.00 and set a "neutral" rating on the stock in a research report on Tuesday, April 8th. Morgan Stanley decreased their price objective on Peloton Interactive from $5.75 to $4.00 and set an "equal weight" rating on the stock in a report on Thursday, April 17th. Macquarie raised shares of Peloton Interactive from a "neutral" rating to an "outperform" rating and upped their target price for the stock from $9.00 to $10.00 in a report on Tuesday, May 13th. Bank of America decreased their price target on shares of Peloton Interactive from $11.50 to $9.50 and set a "buy" rating on the stock in a research note on Tuesday, April 15th. Finally, Canaccord Genuity Group raised shares of Peloton Interactive from a "hold" rating to a "buy" rating and set a $10.00 price objective for the company in a research note on Friday, March 14th. Thirteen research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to MarketBeat, the stock currently has an average rating of "Hold" and a consensus price target of $8.30.
Check Out Our Latest Analysis on PTON
Hedge Funds Weigh In On Peloton Interactive
A number of hedge funds have recently made changes to their positions in PTON. Vanguard Group Inc. lifted its stake in Peloton Interactive by 6.2% during the 1st quarter. Vanguard Group Inc. now owns 37,246,652 shares of the company's stock worth $235,399,000 after acquiring an additional 2,186,862 shares in the last quarter. T. Rowe Price Investment Management Inc. grew its holdings in shares of Peloton Interactive by 29.4% in the first quarter. T. Rowe Price Investment Management Inc. now owns 21,760,678 shares of the company's stock valued at $137,528,000 after purchasing an additional 4,940,422 shares in the last quarter. DME Capital Management LP increased its stake in Peloton Interactive by 10.4% during the 4th quarter. DME Capital Management LP now owns 10,522,687 shares of the company's stock worth $91,547,000 after buying an additional 992,797 shares during the period. Geode Capital Management LLC lifted its holdings in Peloton Interactive by 2.1% during the 4th quarter. Geode Capital Management LLC now owns 8,270,328 shares of the company's stock worth $71,969,000 after buying an additional 170,901 shares in the last quarter. Finally, Two Sigma Advisers LP boosted its position in Peloton Interactive by 1.5% in the 4th quarter. Two Sigma Advisers LP now owns 7,551,800 shares of the company's stock valued at $65,701,000 after buying an additional 110,900 shares during the period. Hedge funds and other institutional investors own 77.01% of the company's stock.
Peloton Interactive Company Profile
(
Get Free Report)
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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