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

Peloton Interactive, Inc. (NASDAQ:PTON) Director Karen Boone sold 17,259 shares of the company’s stock in a transaction that occurred on Thursday, January 2nd. The shares were sold at an average price of $8.63, for a total value of $148,945.17. Following the completion of the transaction, the director now directly owns 244,641 shares in the company, valued at $2,111,251.83. The trade was a 6.59 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

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 stock was sold at an average price of $8.27, for a total value of $111,512.68.

Peloton Interactive Price Performance

Shares of PTON opened at $9.07 on Friday. The business has a 50-day moving average of $8.86 and a 200-day moving average of $5.77. The company has a market capitalization of $3.46 billion, a price-to-earnings ratio of -8.48 and a beta of 1.90. Peloton Interactive, Inc. has a 1 year low of $2.70 and a 1 year high of $10.90.

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

Analyst Upgrades and Downgrades

Several research firms recently commented on PTON. Needham & Company LLC restated a “hold” rating on shares of Peloton Interactive in a research note on Friday, November 1st. Macquarie raised their target price on shares of Peloton Interactive from $4.90 to $9.00 and gave the stock a “neutral” rating in a report on Friday, November 1st. Morgan Stanley lifted their price target on shares of Peloton Interactive from $3.50 to $5.00 and gave the company an “equal weight” rating in a research report on Friday, November 1st. JMP Securities reissued a “market perform” rating on shares of Peloton Interactive in a research report on Thursday, October 3rd. Finally, Truist Financial raised their target price on Peloton Interactive from $6.00 to $10.00 and gave the company a “hold” rating in a report on Friday, November 1st. Sixteen analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat, Peloton Interactive presently has an average rating of “Hold” and a consensus price target of $6.97.

Institutional Trading of Peloton Interactive

A number of large investors have recently bought and sold shares of the business. Point72 Asia Singapore Pte. Ltd. boosted its position in shares of Peloton Interactive by 31.9% during the 3rd quarter. Point72 Asia Singapore Pte. Ltd. now owns 6,605 shares of the company’s stock valued at $31,000 after purchasing an additional 1,597 shares in the last quarter. Mercer Global Advisors Inc. ADV acquired a new position in Peloton Interactive in the second quarter valued at approximately $27,000. Schneider Downs Wealth Management Advisors LP acquired a new stake in shares of Peloton Interactive during the 2nd quarter worth approximately $35,000. CIBC Asset Management Inc bought a new stake in shares of Peloton Interactive in the 2nd quarter valued at $35,000. Finally, Koss Olinger Consulting LLC acquired a new position in shares of Peloton Interactive during the 2nd quarter valued at $36,000. 77.01% of the stock is currently owned by institutional investors and hedge funds.

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.