Peloton Interactive (NASDAQ:PTON) Insider Dion Sanders Sells 110,753 Shares

Key Points

• Dion Sanders, an insider at Peloton Interactive, sold 110,753 shares of the company's stock at an average price of $8.05, totaling approximately $891,561.65.
• Peloton's shares traded up to $8.33 recently, with a market cap of $3.40 billion and a P/E ratio of -26.87, indicating ongoing challenges despite recent gains.
• Analyst ratings are mostly neutral, with a consensus rating of "Hold" and an average price target of $9.29, suggesting limited upside potential in the near term.

Peloton Interactive, Inc. (NASDAQ:PTON - Get Free Report) insider Dion Sanders sold 110,753 shares of the business's stock in a transaction on Thursday, September 18th. The shares were sold at an average price of $8.05, for a total value of $891,561.65. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Peloton Interactive Price Performance

Shares of PTON traded up $0.06 during mid-day trading on Monday, hitting $8.33. The stock had a trading volume of 9,382,876 shares, compared to its average volume of 13,877,358. The firm has a market cap of $3.40 billion, a P/E ratio of -26.87 and a beta of 2.07. The business has a fifty day moving average price of $7.44 and a 200-day moving average price of $6.82. Peloton Interactive, Inc. has a 52 week low of $4.25 and a 52 week high of $10.90.

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, beating the consensus estimate of ($0.07) by $0.12. The firm had revenue of $606.90 million during the quarter, compared to the consensus estimate of $580.29 million. The business's quarterly revenue was down 5.8% compared to the same quarter last year. During the same quarter in the previous year, the firm earned ($0.08) earnings per share. Peloton Interactive has set its FY 2025 guidance at EPS. As a group, research analysts expect that Peloton Interactive, Inc. will post -0.36 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Peloton Interactive

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Vident Advisory LLC raised its holdings in shares of Peloton Interactive by 1.1% during the 2nd quarter. Vident Advisory LLC now owns 110,258 shares of the company's stock valued at $765,000 after buying an additional 1,180 shares in the last quarter. Cetera Investment Advisers grew its position in Peloton Interactive by 9.1% during the fourth quarter. Cetera Investment Advisers now owns 17,144 shares of the company's stock valued at $149,000 after acquiring an additional 1,432 shares during the last quarter. Federated Hermes Inc. grew its position in Peloton Interactive by 0.3% during the first quarter. Federated Hermes Inc. now owns 533,820 shares of the company's stock valued at $3,374,000 after acquiring an additional 1,643 shares during the last quarter. Victory Capital Management Inc. grew its position in Peloton Interactive by 4.4% during the first quarter. Victory Capital Management Inc. now owns 43,944 shares of the company's stock valued at $278,000 after acquiring an additional 1,860 shares during the last quarter. Finally, Nisa Investment Advisors LLC grew its position in 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 acquiring an additional 1,864 shares during the last quarter. 77.01% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on the company. Needham & Company LLC reiterated a "hold" rating on shares of Peloton Interactive in a research report on Thursday, August 7th. UBS Group upgraded Peloton Interactive from a "neutral" rating to a "buy" rating and lifted their price target for the company from $7.50 to $11.00 in a research report on Wednesday, July 30th. Macquarie lifted their price target on Peloton Interactive from $10.00 to $11.00 and gave the company an "outperform" rating in a research report on Thursday, August 14th. Morgan Stanley lifted their price target on Peloton Interactive from $4.00 to $5.75 and gave the company an "equal weight" rating in a research report on Monday, August 4th. Finally, Telsey Advisory Group reiterated a "market perform" rating and issued a $8.00 price target on shares of Peloton Interactive in a research report on Thursday, August 7th. Eight equities research analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company. According to data from MarketBeat.com, Peloton Interactive presently has a consensus rating of "Hold" and an average price target of $9.29.

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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