Jill Woodworth Sells 4,530 Shares of Peloton Interactive, Inc. (NASDAQ:PTON) Stock

Peloton Interactive, Inc. (NASDAQ:PTON – Get Rating) CFO Jill Woodworth sold 4,530 shares of the stock in a transaction on Monday, May 16th. The stock was sold at an average price of $15.65, for a total value of $70,894.50. Following the completion of the sale, the chief financial officer now owns 6,528 shares of the company’s stock, valued at approximately $102,163.20. The sale was disclosed in a filing with the SEC, which is accessible through this link.

Shares of PTON stock opened at $15.55 on Wednesday. The firm has a market cap of $5.16 billion, a price-to-earnings ratio of -2.61 and a beta of 1.26. The company’s 50 day moving average is $22.17 and its 200 day moving average is $32.64. The company has a quick ratio of 1.13, a current ratio of 2.49 and a debt-to-equity ratio of 0.49. Peloton Interactive, Inc. has a 52-week low of $11.25 and a 52-week high of $129.70.

Peloton Interactive (NASDAQ:PTON – Get Rating) last issued its quarterly earnings data on Tuesday, May 10th. The company reported ($2.27) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.83) by ($1.44). The business had revenue of $964.30 million for the quarter, compared to analysts’ expectations of $969.81 million. Peloton Interactive had a negative net margin of 49.10% and a negative return on equity of 78.79%. The business’s quarterly revenue was down 23.6% compared to the same quarter last year. During the same period in the previous year, the business earned ($0.03) earnings per share. Analysts anticipate that Peloton Interactive, Inc. will post -4.85 EPS for the current fiscal year.

Hedge funds have recently modified their holdings of the stock. Psagot Value Holdings Ltd. purchased a new position in Peloton Interactive during the third quarter valued at approximately $30,000. Eagle Bay Advisors LLC grew its holdings in Peloton Interactive by 84.5% in the third quarter. Eagle Bay Advisors LLC now owns 655 shares of the company’s stock worth $57,000 after purchasing an additional 300 shares during the last quarter. Clearstead Advisors LLC grew its holdings in Peloton Interactive by 442.7% in the third quarter. Clearstead Advisors LLC now owns 673 shares of the company’s stock worth $59,000 after purchasing an additional 549 shares during the last quarter. Masso Torrence Wealth Management Inc. purchased a new position in Peloton Interactive in the fourth quarter worth $26,000. Finally, ICICI Prudential Asset Management Co Ltd purchased a new position in Peloton Interactive in the fourth quarter worth $27,000. 82.42% of the stock is currently owned by institutional investors.

A number of brokerages have recently weighed in on PTON. Stifel Nicolaus lowered Peloton Interactive from a “buy” rating to a “hold” rating and cut their price objective for the company from $45.00 to $14.00 in a research report on Wednesday, May 11th. Needham & Company LLC cut their price objective on Peloton Interactive from $50.00 to $25.00 in a research report on Wednesday, May 11th. Credit Suisse Group cut their price objective on Peloton Interactive from $28.00 to $11.00 in a research report on Wednesday, May 11th. BMO Capital Markets cut their price objective on Peloton Interactive from $24.00 to $12.00 in a research report on Wednesday, May 11th. Finally, Macquarie cut their price objective on Peloton Interactive from $85.00 to $60.00 and set an “outperform” rating for the company in a research report on Wednesday, February 9th. One equities research analyst has rated the stock with a sell rating, fifteen have issued a hold rating and seventeen have given a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $45.81.

Peloton Interactive Company Profile (Get Rating)

Peloton Interactive, Inc provides interactive fitness products in North America and internationally. It offers connected fitness products with touchscreen that streams live and on-demand classes under the Peloton Bike, Peloton Bike+, Peloton Tread, and Peloton Tread+ names. The company also provides connected fitness subscriptions for various household users, and access to various live and on-demand classes, as well as Peloton Digital app for connected fitness subscribers to provide access to its classes.

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