Peloton Interactive (NASDAQ:PTON) COO Charles Peter Kirol Sells 22,520 Shares of Stock

Peloton Interactive, Inc. (NASDAQ:PTON) COO Charles Peter Kirol sold 22,520 shares of the business’s stock in a transaction on Friday, January 16th. The stock was sold at an average price of $6.47, for a total transaction of $145,704.40. Following the completion of the sale, the chief operating officer owned 81,001 shares of the company’s stock, valued at $524,076.47. The trade was a 21.75% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website.

Charles Peter Kirol also recently made the following trade(s):

• On Monday, November 17th, Charles Peter Kirol sold 7,936 shares of Peloton Interactive stock. The shares were sold at an average price of $7.29, for a total transaction of $57,853.44.
• On Wednesday, October 22nd, Charles Peter Kirol sold 8,989 shares of Peloton Interactive stock. The stock was sold at an average price of $8.00, for a total transaction of $71,912.00.

Peloton Interactive Price Performance

Peloton Interactive stock opened at $5.86 on Wednesday. Peloton Interactive, Inc. has a fifty-two week low of $4.63 and a fifty-two week high of $10.25. The firm has a fifty day moving average price of $6.53 and a two-hundred day moving average price of $7.17. The firm has a market cap of $2.45 billion, a price-to-earnings ratio of -20.93, a P/E/G ratio of 1.91 and a beta of 2.40.

Peloton Interactive (NASDAQ:PTON) last posted its quarterly earnings data on Thursday, November 6th. The company reported $0.03 EPS for the quarter, topping analysts’ consensus estimates of $0.01 by $0.02. The business had revenue of $550.80 million during the quarter, compared to the consensus estimate of $540.61 million. The company’s revenue was down 6.0% compared to the same quarter last year. As a group, sell-side analysts expect that Peloton Interactive, Inc. will post -0.36 earnings per share for the current year.

Analyst Upgrades and Downgrades

PTON has been the subject of several research reports. Telsey Advisory Group reissued a “market perform” rating and issued a $9.00 price objective on shares of Peloton Interactive in a research report on Monday, November 3rd. Morgan Stanley upped their target price on shares of Peloton Interactive from $6.00 to $6.50 and gave the company an “equal weight” rating in a research note on Wednesday, November 19th. Wall Street Zen downgraded shares of Peloton Interactive from a “buy” rating to a “hold” rating in a report on Saturday, January 10th. Citigroup decreased their price target on shares of Peloton Interactive from $9.50 to $8.25 and set a “neutral” rating on the stock in a research report on Thursday, November 20th. Finally, Zacks Research lowered shares of Peloton Interactive from a “strong-buy” rating to a “hold” rating in a research report on Friday, November 7th. Eight equities research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $9.86.

Institutional Investors Weigh In On Peloton Interactive

A number of institutional investors have recently bought and sold shares of PTON. Bessemer Group Inc. raised its stake in shares of Peloton Interactive by 1,602.6% in the 2nd quarter. Bessemer Group Inc. now owns 5,312 shares of the company’s stock valued at $37,000 after buying an additional 5,000 shares in the last quarter. Advisory Services Network LLC bought a new stake in Peloton Interactive in the third quarter valued at about $48,000. MAI Capital Management raised its position in Peloton Interactive by 64.6% in the second quarter. MAI Capital Management now owns 5,498 shares of the company’s stock worth $38,000 after purchasing an additional 2,158 shares in the last quarter. Quarry LP bought a new position in Peloton Interactive during the third quarter worth about $71,000. Finally, Farther Finance Advisors LLC boosted its holdings in Peloton Interactive by 158.3% during the third quarter. Farther Finance Advisors LLC now owns 7,986 shares of the company’s stock valued at $72,000 after purchasing an additional 4,894 shares in the last quarter. Institutional investors and hedge funds own 77.01% of the company’s stock.

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.