Insider Selling: Peloton Interactive (NASDAQ:PTON) Insider Sells $613,190.40 in Stock

Peloton Interactive, Inc. (NASDAQ:PTON) insider Dion Sanders sold 112,512 shares of the company’s stock in a transaction that occurred on Wednesday, August 19th. The stock was sold at an average price of $5.45, for a total value of $613,190.40. Following the transaction, the insider directly owned 18,801 shares in the company, valued at $102,465.45. The trade was a 85.68% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Peloton Interactive Trading Down 3.0%

Shares of PTON traded down $0.17 during trading hours on Friday, reaching $5.41. The stock had a trading volume of 4,208,626 shares, compared to its average volume of 12,526,420. The firm has a 50-day simple moving average of $5.90 and a 200 day simple moving average of $5.20. Peloton Interactive, Inc. has a 12 month low of $3.65 and a 12 month high of $9.20. The company has a market capitalization of $2.37 billion, a price-to-earnings ratio of 45.09, a P/E/G ratio of 0.48 and a beta of 2.52.

Peloton Interactive (NASDAQ:PTON) last announced its quarterly earnings results on Thursday, August 6th. The company reported $0.13 EPS for the quarter, beating analysts’ consensus estimates of $0.11 by $0.02. Peloton Interactive had a net margin of 2.58% and a negative return on equity of 23.92%. The business had revenue of $607.70 million during the quarter, compared to analyst estimates of $596.60 million. During the same quarter in the previous year, the business posted $0.05 EPS. Peloton Interactive’s quarterly revenue was up .1% on a year-over-year basis. On average, equities analysts forecast that Peloton Interactive, Inc. will post 0.28 EPS for the current year.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in PTON. Jackson Creek Investment Advisors LLC purchased a new position in Peloton Interactive in the fourth quarter valued at about $1,110,000. Vanguard Group Inc. increased its stake in shares of Peloton Interactive by 1.5% during the 4th quarter. Vanguard Group Inc. now owns 39,227,591 shares of the company’s stock worth $241,642,000 after purchasing an additional 591,300 shares during the last quarter. Ardmore Road Asset Management LP raised its holdings in shares of Peloton Interactive by 187.9% in the 1st quarter. Ardmore Road Asset Management LP now owns 1,500,000 shares of the company’s stock worth $6,435,000 after purchasing an additional 979,058 shares during the period. Bastion Asset Management Inc. bought a new stake in shares of Peloton Interactive in the 1st quarter worth approximately $7,020,000. Finally, Altshuler Shaham Ltd purchased a new position in Peloton Interactive in the first quarter valued at approximately $1,585,000. 77.01% of the stock is owned by institutional investors.

Analysts Set New Price Targets

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

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.