Insider Selling: Peloton Interactive (NASDAQ:PTON) Insider Sells $647,582.04 in Stock

Peloton Interactive, Inc. (NASDAQ:PTON) insider Dion Sanders sold 146,844 shares of Peloton Interactive stock in a transaction on Friday, February 20th. The shares were sold at an average price of $4.41, for a total value of $647,582.04. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website.

Peloton Interactive Trading Down 1.0%

NASDAQ PTON opened at $4.08 on Friday. Peloton Interactive, Inc. has a 12 month low of $3.99 and a 12 month high of $9.20. The stock’s fifty day moving average price is $5.57 and its 200-day moving average price is $6.83. The stock has a market cap of $1.74 billion, a P/E ratio of -31.38, a P/E/G ratio of 0.81 and a beta of 2.41.

Peloton Interactive (NASDAQ:PTON) last posted its quarterly earnings results on Thursday, February 5th. The company reported ($0.09) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.07) by ($0.02). The firm had revenue of $656.50 million during the quarter, compared to analysts’ expectations of $675.04 million. During the same period in the previous year, the company posted ($0.24) earnings per share. Peloton Interactive’s revenue was down 2.5% compared to the same quarter last year. As a group, analysts forecast that Peloton Interactive, Inc. will post -0.36 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several brokerages recently weighed in on PTON. JPMorgan Chase & Co. reduced their price target on shares of Peloton Interactive from $9.00 to $6.00 and set a “neutral” rating for the company in a research report on Friday, February 6th. Zacks Research lowered Peloton Interactive from a “strong-buy” rating to a “hold” rating in a report on Tuesday. Bank of America set a $9.00 price objective on Peloton Interactive in a research report on Friday, January 30th. Wall Street Zen downgraded Peloton Interactive from a “buy” rating to a “hold” rating in a report on Saturday, February 14th. Finally, Truist Financial decreased their target price on Peloton Interactive from $12.00 to $9.00 and set a “buy” rating for the company in a research report on Friday, February 6th. Seven investment analysts have rated the stock with a Buy rating, nine have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, Peloton Interactive has an average rating of “Hold” and a consensus price target of $8.42.

Institutional Trading of Peloton Interactive

Large investors have recently modified their holdings of the company. D.A. Davidson & CO. bought a new position in shares of Peloton Interactive during the 2nd quarter valued at approximately $338,000. Voya Investment Management LLC lifted its holdings in Peloton Interactive by 325.5% during the third quarter. Voya Investment Management LLC now owns 429,929 shares of the company’s stock valued at $3,869,000 after purchasing an additional 328,894 shares in the last quarter. Jupiter Asset Management Ltd. boosted its position in shares of Peloton Interactive by 322.9% in the third quarter. Jupiter Asset Management Ltd. now owns 1,563,249 shares of the company’s stock worth $14,069,000 after purchasing an additional 1,193,597 shares during the period. Lisanti Capital Growth LLC bought a new position in shares of Peloton Interactive in the third quarter worth approximately $2,429,000. Finally, Geode Capital Management LLC increased its stake in shares of Peloton Interactive by 5.7% in the second quarter. Geode Capital Management LLC now owns 9,141,542 shares of the company’s stock worth $63,450,000 after purchasing an additional 490,353 shares in the last quarter. Institutional investors own 77.01% of the company’s stock.

About Peloton Interactive

Peloton Interactive, Inc operates a digital fitness platform that combines connected exercise equipment with live and on-demand workout classes. The company’s core products include stationary bikes (Peloton Bike and Bike+), treadmills (Peloton Tread and Tread+), and the Peloton Row. Each device integrates a touchscreen display that streams instructor-led cycling, running, strength, yoga, meditation and other fitness classes. Peloton generates recurring revenue through subscription plans, which grant users access to its growing library of workouts, performance tracking tools and community features.

Founded in 2012 by John Foley and headquartered in New York City, Peloton set out to deliver an immersive home-fitness experience by blending hardware, software and content.