Peloton Interactive (NASDAQ:PTON) COO Sells $19,884.15 in Stock

Peloton Interactive, Inc. (NASDAQ:PTON) COO Charles Peter Kirol sold 3,399 shares of the stock in a transaction on Wednesday, January 21st. The shares were sold at an average price of $5.85, for a total transaction of $19,884.15. Following the transaction, the chief operating officer owned 77,602 shares in the company, valued at $453,971.70. This trade represents a 4.20% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

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

• On Friday, January 16th, Charles Peter Kirol sold 22,520 shares of Peloton Interactive stock. The stock was sold at an average price of $6.47, for a total value of $145,704.40.
• 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 value of $57,853.44.

Peloton Interactive Stock Down 0.2%

Shares of NASDAQ PTON opened at $5.80 on Monday. The stock’s 50 day moving average price is $6.44 and its two-hundred day moving average price is $7.15. Peloton Interactive, Inc. has a 52-week low of $4.63 and a 52-week high of $10.25. The stock has a market capitalization of $2.42 billion, a P/E ratio of -20.71, a PEG ratio of 1.75 and a beta of 2.40.

Peloton Interactive (NASDAQ:PTON) last issued its quarterly earnings results on Thursday, November 6th. The company reported $0.03 earnings per share for the quarter, beating analysts’ consensus estimates of $0.01 by $0.02. The firm had revenue of $550.80 million during the quarter, compared to the consensus estimate of $540.61 million. The company’s revenue for the quarter was down 6.0% on a year-over-year basis. On average, analysts anticipate that Peloton Interactive, Inc. will post -0.36 EPS for the current year.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on PTON. Guggenheim began coverage on shares of Peloton Interactive in a research report on Wednesday, December 10th. They issued a “neutral” rating on the stock. Canaccord Genuity Group reiterated a “buy” rating and set a $10.00 price objective on shares of Peloton Interactive in a research note on Thursday, October 2nd. Zacks Research downgraded Peloton Interactive from a “strong-buy” rating to a “hold” rating in a research note on Friday, November 7th. Telsey Advisory Group reaffirmed a “market perform” rating and set a $9.00 target price on shares of Peloton Interactive in a report on Monday, November 3rd. Finally, Citigroup cut their price target on Peloton Interactive from $9.50 to $8.25 and set a “neutral” rating on the stock in a report on Thursday, November 20th. Eight investment analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $9.86.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. Vident Advisory LLC increased its holdings in Peloton Interactive by 1.1% in the second quarter. Vident Advisory LLC now owns 110,258 shares of the company’s stock worth $765,000 after buying an additional 1,180 shares during the last quarter. Cresset Asset Management LLC lifted its stake in Peloton Interactive by 11.9% in the third quarter. Cresset Asset Management LLC now owns 12,748 shares of the company’s stock valued at $115,000 after acquiring an additional 1,354 shares during the last quarter. Kirr Marbach & Co. LLC IN grew its position in Peloton Interactive by 0.3% in the third quarter. Kirr Marbach & Co. LLC IN now owns 471,946 shares of the company’s stock worth $4,248,000 after acquiring an additional 1,464 shares in the last quarter. Vise Technologies Inc. increased its stake in shares of Peloton Interactive by 10.3% during the 3rd quarter. Vise Technologies Inc. now owns 15,680 shares of the company’s stock worth $141,000 after purchasing an additional 1,466 shares during the last quarter. Finally, Principal Financial Group Inc. increased its stake in shares of Peloton Interactive by 6.0% during the 3rd quarter. Principal Financial Group Inc. now owns 27,126 shares of the company’s stock worth $244,000 after purchasing an additional 1,526 shares during 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.