Peloton Interactive (NASDAQ:PTON) COO Charles Peter Kirol Sells 20,554 Shares of Stock

Key Points

• Peloton Interactive COO Charles Peter Kirol sold 20,554 shares at an average price of $7.57, reducing his ownership by 29.01%.
• Peloton's stock is currently trading at $7.50, with a 52-week range between $4.63 and $10.90, and has a market capitalization of $3.06 billion.
• Analysts have mixed ratings for Peloton, with an average target price of $9.36, indicating a consensus rating of "Hold."

Peloton Interactive, Inc. (NASDAQ:PTON - Get Free Report) COO Charles Peter Kirol sold 20,554 shares of Peloton Interactive stock in a transaction on Thursday, October 16th. The shares were sold at an average price of $7.57, for a total value of $155,593.78. Following the completion of the transaction, the chief operating officer directly owned 50,308 shares of the company's stock, valued at $380,831.56. This represents a 29.01% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

Charles Peter Kirol also recently made the following trade(s):

• On Tuesday, September 30th, Charles Peter Kirol sold 8,969 shares of Peloton Interactive stock. The shares were sold at an average price of $9.00, for a total value of $80,721.00.
• On Thursday, September 4th, Charles Peter Kirol sold 8,969 shares of Peloton Interactive stock. The shares were sold at an average price of $8.00, for a total value of $71,752.00.
• On Thursday, August 28th, Charles Peter Kirol sold 3,587 shares of Peloton Interactive stock. The stock was sold at an average price of $7.60, for a total value of $27,261.20.

Peloton Interactive Trading Down 0.3%

PTON traded down $0.02 on Friday, reaching $7.50. The stock had a trading volume of 9,465,459 shares, compared to its average volume of 15,780,306. Peloton Interactive, Inc. has a fifty-two week low of $4.63 and a fifty-two week high of $10.90. The firm has a 50-day moving average of $7.96 and a 200-day moving average of $7.02. The company has a market capitalization of $3.06 billion, a price-to-earnings ratio of -24.19, a price-to-earnings-growth ratio of 2.58 and a beta of 2.27.

Peloton Interactive (NASDAQ:PTON - Get Free Report) last issued its earnings results on Thursday, August 7th. The company reported $0.05 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($0.07) by $0.12. The firm had revenue of $606.90 million during the quarter, compared to analyst estimates of $580.29 million. During the same period in the previous year, the company earned ($0.08) EPS. Peloton Interactive's revenue for the quarter was down 5.8% on a year-over-year basis. Peloton Interactive has set its FY 2025 guidance at EPS. Sell-side analysts anticipate that Peloton Interactive, Inc. will post -0.36 EPS for the current fiscal year.

Hedge Funds Weigh In On Peloton Interactive

Institutional investors and hedge funds have recently bought and sold shares of the company. Bessemer Group Inc. grew its holdings in Peloton Interactive by 1,602.6% during the second quarter. Bessemer Group Inc. now owns 5,312 shares of the company's stock valued at $37,000 after purchasing an additional 5,000 shares during the period. MAI Capital Management boosted its holdings in shares of Peloton Interactive by 64.6% in the second quarter. MAI Capital Management now owns 5,498 shares of the company's stock worth $38,000 after acquiring an additional 2,158 shares during the period. Nisa Investment Advisors LLC boosted its holdings in shares of Peloton Interactive by 40.2% in the first quarter. Nisa Investment Advisors LLC now owns 6,503 shares of the company's stock worth $41,000 after acquiring an additional 1,864 shares during the period. GAMMA Investing LLC boosted its holdings in shares of Peloton Interactive by 1,082.5% in the first quarter. GAMMA Investing LLC now owns 8,159 shares of the company's stock worth $52,000 after acquiring an additional 7,469 shares during the period. Finally, Abel Hall LLC bought a new position in shares of Peloton Interactive in the first quarter worth $64,000. 77.01% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of research firms have commented on PTON. Weiss Ratings reiterated a "sell (d-)" rating on shares of Peloton Interactive in a research report on Tuesday. Canaccord Genuity Group reissued a "buy" rating and issued a $10.00 price objective on shares of Peloton Interactive in a research note on Thursday, October 2nd. The Goldman Sachs Group reissued a "buy" rating and issued a $11.50 price objective on shares of Peloton Interactive in a research note on Thursday, October 2nd. 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, Needham & Company LLC reaffirmed a "hold" rating on shares of Peloton Interactive in a research report on Thursday, August 7th. One analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, nine have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, Peloton Interactive presently has an average rating of "Hold" and a consensus target price of $9.36.

About Peloton Interactive

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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