Peloton Interactive, Inc. (NASDAQ:PTON) CEO Karen Boone Sells 14,841 Shares

Peloton Interactive, Inc. (NASDAQ:PTON) CEO Karen Boone sold 14,841 shares of the firm’s stock in a transaction dated Monday, July 1st. The stock was sold at an average price of $3.31, for a total value of $49,123.71. Following the sale, the chief executive officer now directly owns 116,171 shares in the company, valued at $384,526.01. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

Peloton Interactive Trading Up 4.3 %

Shares of Peloton Interactive stock opened at $3.39 on Wednesday. Peloton Interactive, Inc. has a one year low of $2.70 and a one year high of $9.87. The business’s 50 day moving average price is $3.58 and its 200 day moving average price is $4.40.

Peloton Interactive (NASDAQ:PTON) last posted its earnings results on Thursday, May 2nd. The company reported ($0.45) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.39) by ($0.06). The business had revenue of $717.70 million during the quarter, compared to the consensus estimate of $720.85 million. The firm’s revenue was down 4.2% compared to the same quarter last year. During the same period last year, the business posted ($0.79) earnings per share. Analysts forecast that Peloton Interactive, Inc. will post -1.62 earnings per share for the current year.

Institutional Investors Weigh In On Peloton Interactive

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Johnson & White Wealth Management LLC acquired a new stake in Peloton Interactive during the first quarter worth $43,000. Sheaff Brock Investment Advisors LLC acquired a new stake in Peloton Interactive during the first quarter worth $44,000. Abundance Wealth Counselors acquired a new stake in shares of Peloton Interactive in the first quarter valued at $46,000. Rakuten Securities Inc. acquired a new stake in shares of Peloton Interactive in the fourth quarter valued at $47,000. Finally, Evergreen Wealth Solutions LLC acquired a new stake in shares of Peloton Interactive in the first quarter valued at $48,000. Institutional investors and hedge funds own 77.01% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have commented on PTON shares. The Goldman Sachs Group dropped their price objective on Peloton Interactive from $5.75 to $3.50 and set a “neutral” rating on the stock in a report on Friday, May 3rd. Bank of America dropped their price objective on Peloton Interactive from $4.00 to $3.25 and set an “underperform” rating on the stock in a report on Monday, April 29th. Macquarie dropped their price objective on Peloton Interactive from $4.50 to $2.53 and set a “neutral” rating on the stock in a report on Friday, May 3rd. Citigroup lowered Peloton Interactive from a “buy” rating to a “neutral” rating and dropped their price objective for the company from $8.00 to $4.00 in a report on Monday, May 6th. Finally, Morgan Stanley started coverage on Peloton Interactive in a report on Monday, March 11th. They issued an “equal weight” rating and a $3.00 price objective on the stock. Two research analysts have rated the stock with a sell rating, fifteen have given a hold rating and four have given a buy rating to the company. According to data from MarketBeat, Peloton Interactive has an average rating of “Hold” and an average price target of $5.09.

Peloton Interactive Company Profile

Peloton Interactive, Inc operates interactive fitness platform in North America and internationally. The company offers connected fitness products with touchscreen that streams live and on-demand classes under the Peloton Bike, Peloton Bike+, Peloton Tread, Peloton Tread+, Peloton Guide, and Peloton Row names.