Peloton Interactive, Inc. (NASDAQ:PTON) CEO Sells $144,866.60 in Stock

Peloton Interactive, Inc. (NASDAQ:PTON) CEO Chris Bruzzo sold 24,977 shares of Peloton Interactive stock in a transaction dated Friday, October 18th. The shares were sold at an average price of $5.80, for a total value of $144,866.60. Following the sale, the chief executive officer now directly owns 149,240 shares in the company, valued at $865,592. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website.

Chris Bruzzo also recently made the following trade(s):

• On Thursday, August 1st, Chris Bruzzo sold 15,113 shares of Peloton Interactive stock. The stock was sold at an average price of $3.42, for a total transaction of $51,686.46.

Peloton Interactive Price Performance

Shares of NASDAQ:PTON opened at $6.27 on Thursday. Peloton Interactive, Inc. has a 1 year low of $2.70 and a 1 year high of $7.24. The business has a fifty day moving average price of $4.67 and a two-hundred day moving average price of $3.91. The company has a market capitalization of $2.36 billion, a PE ratio of -4.15 and a beta of 2.04.

Peloton Interactive (NASDAQ:PTON) last released its earnings results on Thursday, August 22nd. The company reported ($0.08) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.18) by $0.10. The firm had revenue of $644.00 million during the quarter, compared to analysts’ expectations of $633.00 million. During the same period in the prior year, the business earned ($0.68) earnings per share. The business’s quarterly revenue was up .3% compared to the same quarter last year. Sell-side analysts anticipate that Peloton Interactive, Inc. will post -0.65 earnings per share for the current year.

Analyst Ratings Changes

Several equities analysts have recently issued reports on PTON shares. Canaccord Genuity Group raised their price target on shares of Peloton Interactive from $4.00 to $5.00 and gave the company a “hold” rating in a research note on Friday, August 23rd. BMO Capital Markets reaffirmed a “market perform” rating and set a $6.50 target price on shares of Peloton Interactive in a report on Tuesday, October 1st. Macquarie reiterated a “neutral” rating and issued a $2.53 price target on shares of Peloton Interactive in a research report on Thursday, August 22nd. Roth Mkm raised their price objective on Peloton Interactive from $5.00 to $6.00 and gave the stock a “buy” rating in a research report on Friday, August 23rd. Finally, Needham & Company LLC reiterated a “hold” rating on shares of Peloton Interactive in a report on Thursday, August 22nd. One research analyst has rated the stock with a sell rating, seventeen have issued a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $4.52.

Hedge Funds Weigh In On Peloton Interactive

Several large investors have recently modified their holdings of PTON. Mercer Global Advisors Inc. ADV purchased a new stake in shares of Peloton Interactive during the 2nd quarter valued at approximately $27,000. Skylands Capital LLC purchased a new stake in shares of Peloton Interactive during the second quarter worth $30,000. Nisa Investment Advisors LLC boosted its holdings in shares of Peloton Interactive by 1,836.7% in the second quarter. Nisa Investment Advisors LLC now owns 9,490 shares of the company’s stock worth $32,000 after acquiring an additional 9,000 shares during the period. Sheaff Brock Investment Advisors LLC purchased a new position in shares of Peloton Interactive in the first quarter valued at $44,000. Finally, Schneider Downs Wealth Management Advisors LP bought a new stake in shares of Peloton Interactive during the 2nd quarter valued at $35,000. Hedge funds and other institutional investors own 77.01% of the company’s stock.

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.