Peloton Interactive (NASDAQ:PTON) Director Karen Boone Sells 25,000 Shares

Peloton Interactive, Inc. (NASDAQ:PTON) Director Karen Boone sold 25,000 shares of the stock in a transaction dated Monday, August 17th. The shares were sold at an average price of $5.35, for a total transaction of $133,750.00. Following the completion of the transaction, the director directly owned 236,063 shares of the company’s stock, valued at approximately $1,262,937.05. This trade represents a 9.58% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Peloton Interactive Trading Up 0.4%

PTON stock opened at $5.31 on Wednesday. The firm has a 50 day moving average of $5.91 and a 200-day moving average of $5.20. The company has a market cap of $2.33 billion, a price-to-earnings ratio of 44.25, a PEG ratio of 0.36 and a beta of 2.52. Peloton Interactive, Inc. has a 12-month low of $3.65 and a 12-month high of $9.20.

Peloton Interactive (NASDAQ:PTON) last released its quarterly earnings results on Thursday, August 6th. The company reported $0.13 earnings per share for the quarter, topping analysts’ consensus estimates of $0.11 by $0.02. Peloton Interactive had a negative return on equity of 23.92% and a net margin of 2.58%.The business had revenue of $607.70 million for the quarter, compared to analysts’ expectations of $596.60 million. During the same quarter in the prior year, the firm posted $0.05 EPS. The company’s revenue was up .1% compared to the same quarter last year. Sell-side analysts forecast that Peloton Interactive, Inc. will post 0.31 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several analysts have issued reports on PTON shares. Weiss Ratings raised shares of Peloton Interactive from a “sell (d)” rating to a “sell (d+)” rating in a report on Tuesday, May 26th. The Goldman Sachs Group lifted their price objective on Peloton Interactive from $7.00 to $8.00 and gave the stock a “buy” rating in a research report on Friday, May 8th. Wall Street Zen upgraded Peloton Interactive from a “hold” rating to a “buy” rating in a report on Saturday, May 16th. UBS Group reissued a “buy” rating on shares of Peloton Interactive in a report on Monday, June 15th. Finally, Telsey Advisory Group reaffirmed a “market perform” rating on shares of Peloton Interactive in a research note on Monday, August 3rd. Five research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average price target of $7.94.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. Vident Advisory LLC raised its holdings in shares of 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. Cresset Asset Management LLC lifted its stake in Peloton Interactive by 11.9% during the third quarter. Cresset Asset Management LLC now owns 12,748 shares of the company’s stock valued at $115,000 after purchasing an additional 1,354 shares during the last quarter. Vise Technologies Inc. boosted its holdings in Peloton Interactive by 10.3% during the third quarter. Vise Technologies Inc. now owns 15,680 shares of the company’s stock worth $141,000 after buying an additional 1,466 shares in the last quarter. Principal Financial Group Inc. boosted its holdings in Peloton Interactive by 10.2% during the first quarter. Principal Financial Group Inc. now owns 21,263 shares of the company’s stock worth $91,000 after buying an additional 1,967 shares in the last quarter. Finally, NewEdge Advisors LLC grew its position in Peloton Interactive by 21.8% in the first quarter. NewEdge Advisors LLC now owns 12,405 shares of the company’s stock worth $53,000 after buying an additional 2,223 shares during the last quarter. 77.01% of the stock is owned by hedge funds and other institutional investors.

Peloton Interactive Company Profile

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.