Peloton Interactive, Inc. (NASDAQ:PTON) Director Karen Boone Sells 17,259 Shares

Peloton Interactive, Inc. (NASDAQ:PTON) Director Karen Boone sold 17,259 shares of the company’s stock in a transaction dated Thursday, January 2nd. The shares were sold at an average price of $8.63, for a total transaction of $148,945.17. Following the sale, the director now owns 244,641 shares of the company’s stock, valued at $2,111,251.83. This trade represents a 6.59 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

Karen Boone also recently made the following trade(s):

• On Thursday, December 5th, Karen Boone sold 16,925 shares of Peloton Interactive stock. The shares were sold at an average price of $9.64, for a total value of $163,157.00.
• On Friday, November 1st, Karen Boone sold 13,484 shares of Peloton Interactive stock. The shares were sold at an average price of $8.27, for a total value of $111,512.68.

Peloton Interactive Price Performance

Shares of Peloton Interactive stock opened at $8.83 on Friday. The firm has a 50 day simple moving average of $8.80 and a 200 day simple moving average of $5.75. Peloton Interactive, Inc. has a fifty-two week low of $2.70 and a fifty-two week high of $10.90. The firm has a market cap of $3.37 billion, a P/E ratio of -8.25 and a beta of 1.90.

Peloton Interactive (NASDAQ:PTON) last released its earnings results on Thursday, October 31st. The company reported ($0.16) EPS for the quarter, missing the consensus estimate of ($0.15) by ($0.01). The firm had revenue of $586.00 million during the quarter, compared to the consensus estimate of $572.97 million. During the same period in the prior year, the business earned ($0.44) earnings per share. The business’s revenue for the quarter was down 1.6% on a year-over-year basis. On average, sell-side analysts expect that Peloton Interactive, Inc. will post -0.38 EPS for the current year.

Institutional Trading of Peloton Interactive

Several institutional investors and hedge funds have recently added to or reduced their stakes in PTON. Gtcr LLC acquired a new stake in shares of Peloton Interactive during the 3rd quarter worth approximately $65,520,000. DME Capital Management LP bought a new position in Peloton Interactive in the second quarter valued at approximately $22,947,000. Clearline Capital LP acquired a new stake in Peloton Interactive during the 2nd quarter worth $7,527,000. Healthcare of Ontario Pension Plan Trust Fund bought a new stake in shares of Peloton Interactive during the 3rd quarter valued at $8,363,000. Finally, Connor Clark & Lunn Investment Management Ltd. acquired a new position in shares of Peloton Interactive in the 3rd quarter valued at $5,724,000. 77.01% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

PTON has been the subject of several research analyst reports. Truist Financial upped their target price on shares of Peloton Interactive from $6.00 to $10.00 and gave the company a “hold” rating in a research note on Friday, November 1st. Needham & Company LLC reissued a “hold” rating on shares of Peloton Interactive in a research report on Friday, November 1st. Macquarie raised their price objective on Peloton Interactive from $4.90 to $9.00 and gave the stock a “neutral” rating in a research report on Friday, November 1st. Sanford C. Bernstein raised their price objective on shares of Peloton Interactive from $4.25 to $6.50 and gave the stock a “market perform” rating in a report on Friday, November 1st. Finally, JPMorgan Chase & Co. boosted their price target on Peloton Interactive from $5.00 to $7.00 and gave the company a “neutral” rating in a research note on Friday, November 1st. Sixteen equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat, Peloton Interactive presently has an average rating of “Hold” and a consensus price target of $6.97.

About Peloton Interactive

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.