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

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

Peloton Interactive Trading Down 0.6 %

PTON stock opened at $3.37 on Thursday. The stock’s 50 day simple moving average is $3.59 and its 200 day simple moving average is $4.38. The stock has a market capitalization of $1.25 billion, a PE ratio of -1.60 and a beta of 2.02. Peloton Interactive, Inc. has a 12-month low of $2.70 and a 12-month high of $9.87.

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

Analysts Set New Price Targets

Several equities analysts have recently weighed in on PTON shares. Macquarie reduced their price target on Peloton Interactive from $4.50 to $2.53 and set a “neutral” rating for the company in a research report on Friday, May 3rd. Robert W. Baird boosted their target price on Peloton Interactive from $3.50 to $4.00 and gave the stock a “neutral” rating in a research report on Tuesday, May 21st. Sanford C. Bernstein cut Peloton Interactive from an “outperform” rating to a “market perform” rating and reduced their target price for the stock from $8.00 to $3.80 in a research report on Friday, May 3rd. Telsey Advisory Group restated a “market perform” rating and set a $4.00 target price (down from $5.00) on shares of Peloton Interactive in a research report on Monday, April 29th. Finally, Roth Mkm dropped their price target on Peloton Interactive from $7.00 to $5.00 and set a “buy” rating for the company in a research note on Friday, May 3rd. Two analysts have rated the stock with a sell rating, fifteen have given a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, Peloton Interactive presently has a consensus rating of “Hold” and a consensus target price of $5.09.

Institutional Inflows and Outflows

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

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.