Peloton Interactive (NASDAQ:PTON) Insider Nick Caldwell Sells 206,901 Shares

Key Points

• Peloton's insider, Nick Caldwell, sold 206,901 shares at an average price of $7.78, reducing his ownership by 21.90% to 737,788 shares.
• The company's stock price has declined by 3.1%, currently trading at $7.94, with a year-high of $10.90 and a year-low of $4.25.
• Peloton reported earnings of $0.05 EPS for the last quarter, exceeding expectations, though revenue dropped 5.8% year-over-year, setting the FY 2025 guidance at -0.36 EPS.

Peloton Interactive, Inc. (NASDAQ:PTON - Get Free Report) insider Nick Caldwell sold 206,901 shares of the firm's stock in a transaction dated Tuesday, September 16th. The stock was sold at an average price of $7.78, for a total value of $1,609,689.78. Following the sale, the insider owned 737,788 shares of the company's stock, valued at $5,739,990.64. The trade was a 21.90% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link.

Peloton Interactive Stock Down 3.1%

Shares of NASDAQ:PTON traded down $0.25 during trading on Tuesday, reaching $7.94. 11,156,591 shares of the company traded hands, compared to its average volume of 9,311,354. The firm has a fifty day simple moving average of $7.34 and a 200 day simple moving average of $6.79. Peloton Interactive, Inc. has a 1-year low of $4.25 and a 1-year high of $10.90. The firm has a market cap of $3.24 billion, a P/E ratio of -25.61 and a beta of 2.07.

Peloton Interactive (NASDAQ:PTON - Get Free Report) last announced its quarterly earnings data on Thursday, August 7th. The company reported $0.05 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.07) by $0.12. The firm had revenue of $606.90 million for the quarter, compared to analysts' expectations of $580.29 million. During the same quarter in the prior year, the business posted ($0.08) earnings per share. Peloton Interactive's revenue was down 5.8% on a year-over-year basis. Peloton Interactive has set its FY 2025 guidance at EPS. As a group, research analysts anticipate that Peloton Interactive, Inc. will post -0.36 EPS for the current year.

Institutional Trading of Peloton Interactive

Several institutional investors have recently modified their holdings of PTON. Comerica Bank increased its stake in Peloton Interactive by 29.1% in the fourth quarter. Comerica Bank now owns 6,164 shares of the company's stock valued at $54,000 after acquiring an additional 1,389 shares during the period. Cetera Investment Advisers increased its position in shares of Peloton Interactive by 9.1% in the 4th quarter. Cetera Investment Advisers now owns 17,144 shares of the company's stock valued at $149,000 after buying an additional 1,432 shares in the last quarter. Lazard Asset Management LLC bought a new position in Peloton Interactive during the 4th quarter worth about $120,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in shares of Peloton Interactive by 4.0% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 284,060 shares of the company's stock worth $2,471,000 after purchasing an additional 11,008 shares in the last quarter. Finally, Quantinno Capital Management LP bought a new position in shares of Peloton Interactive in the 4th quarter valued at about $113,000. Institutional investors and hedge funds own 77.01% of the company's stock.

Analysts Set New Price Targets

PTON has been the topic of a number of research reports. Macquarie increased their price objective on Peloton Interactive from $10.00 to $11.00 and gave the stock an "outperform" rating in a report on Thursday, August 14th. Telsey Advisory Group reissued a "market perform" rating and set a $8.00 target price on shares of Peloton Interactive in a research report on Thursday, August 7th. The Goldman Sachs Group upgraded Peloton Interactive from a "neutral" rating to a "buy" rating and upped their price target for the stock from $7.00 to $11.50 in a research note on Friday, August 8th. Truist Financial set a $11.00 price objective on Peloton Interactive in a research note on Thursday, August 7th. Finally, Needham & Company LLC restated a "hold" rating on shares of Peloton Interactive in a 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 stock. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average target price of $9.29.

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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