Peloton Interactive (NASDAQ:PTON) COO Charles Peter Kirol Sells 8,969 Shares

Key Points

• Peloton Interactive's COO, Charles Peter Kirol, sold 8,969 shares at an average price of $9.00, resulting in a total value of $80,721 and a 38.46% decrease in his ownership.
• The company reported a profit of $0.05 per share, exceeding analysts' expectations, despite a 5.8% decline in revenue compared to the previous year.
• Peloton's stock price recently increased to $8.68, with several analysts maintaining a "hold" rating and setting target prices between $9.36 and $11.50.

Peloton Interactive, Inc. (NASDAQ:PTON - Get Free Report) COO Charles Peter Kirol sold 8,969 shares of the stock in a transaction on Tuesday, September 30th. The shares were sold at an average price of $9.00, for a total value of $80,721.00. Following the completion of the transaction, the chief operating officer owned 14,352 shares of the company's stock, valued at $129,168. The trade was a 38.46% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink.

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

• 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 shares were sold at an average price of $7.60, for a total value of $27,261.20.
• On Wednesday, July 16th, Charles Peter Kirol sold 20,633 shares of Peloton Interactive stock. The stock was sold at an average price of $6.39, for a total value of $131,844.87.

Peloton Interactive Stock Performance

Shares of Peloton Interactive stock traded up $0.01 on Thursday, hitting $8.68. The stock had a trading volume of 12,334,777 shares, compared to its average volume of 14,044,279. The stock has a 50 day moving average of $7.77 and a 200 day moving average of $6.94. The firm has a market capitalization of $3.54 billion, a P/E ratio of -28.00, a PEG ratio of 3.46 and a beta of 2.27. Peloton Interactive, Inc. has a twelve month low of $4.49 and a twelve month high of $10.90.

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

Hedge Funds Weigh In On Peloton Interactive

A number of institutional investors and hedge funds have recently modified their holdings of the business. Vident Advisory LLC boosted its stake in Peloton Interactive by 1.1% in the 2nd quarter. Vident Advisory LLC now owns 110,258 shares of the company's stock worth $765,000 after purchasing an additional 1,180 shares in the last quarter. Federated Hermes Inc. raised its holdings in Peloton Interactive by 0.3% in the first quarter. Federated Hermes Inc. now owns 533,820 shares of the company's stock worth $3,374,000 after buying an additional 1,643 shares during the last quarter. Victory Capital Management Inc. lifted its stake in shares of Peloton Interactive by 4.4% in the first quarter. Victory Capital Management Inc. now owns 43,944 shares of the company's stock worth $278,000 after buying an additional 1,860 shares in the last quarter. Nisa Investment Advisors LLC grew its holdings in shares of Peloton Interactive by 40.2% during the first quarter. Nisa Investment Advisors LLC now owns 6,503 shares of the company's stock valued at $41,000 after buying an additional 1,864 shares during the last quarter. Finally, Wealthfront Advisers LLC increased its position in shares of Peloton Interactive by 11.3% during the first quarter. Wealthfront Advisers LLC now owns 18,463 shares of the company's stock valued at $117,000 after acquiring an additional 1,877 shares in the last quarter. 77.01% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on the company. Needham & Company LLC reiterated a "hold" rating on shares of Peloton Interactive in a research report on Thursday, August 7th. Macquarie upped their target price on Peloton Interactive from $10.00 to $11.00 and gave the company an "outperform" rating in a report on Thursday, August 14th. UBS Group raised shares of Peloton Interactive from a "neutral" rating to a "buy" rating and increased their target price for the company from $7.50 to $11.00 in a research report on Wednesday, July 30th. The Goldman Sachs Group restated a "buy" rating and issued a $11.50 price target on shares of Peloton Interactive in a research report on Thursday. Finally, Canaccord Genuity Group reaffirmed a "buy" rating and issued a $10.00 price objective on shares of Peloton Interactive in a research note on Thursday. Eight equities research analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Hold" and an average price target of $9.36.

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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