Peloton Interactive (NASDAQ:PTON) Insider Nick Caldwell Sells 25,135 Shares

by · The Cerbat Gem

Peloton Interactive, Inc. (NASDAQ:PTON – Get Free Report) insider Nick Caldwell sold 25,135 shares of the firm’s stock in a transaction that occurred on Tuesday, January 13th. The stock was sold at an average price of $7.00, for a total transaction of $175,945.00. Following the completion of the transaction, the insider directly owned 739,085 shares of the company’s stock, valued at $5,173,595. This represents a 3.29% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink.

Peloton Interactive Trading Up 5.9%

NASDAQ:PTON traded up $0.39 during trading hours on Tuesday, hitting $7.00. 16,546,137 shares of the stock traded hands, compared to its average volume of 6,812,856. The firm has a 50 day moving average price of $6.63 and a 200 day moving average price of $7.18. The firm has a market cap of $2.92 billion, a price-to-earnings ratio of -25.00, a PEG ratio of 1.99 and a beta of 2.40. Peloton Interactive, Inc. has a fifty-two week low of $4.63 and a fifty-two week high of $10.25.

Peloton Interactive (NASDAQ:PTON – Get Free Report) last issued its earnings results on Thursday, November 6th. The company reported $0.03 EPS for the quarter, topping the consensus estimate of $0.01 by $0.02. The business had revenue of $550.80 million during the quarter, compared to analyst estimates of $540.61 million. The firm’s revenue was down 6.0% compared to the same quarter last year. Research analysts predict that Peloton Interactive, Inc. will post -0.36 EPS for the current year.

Wall Street Analysts Forecast Growth

PTON has been the topic of a number of research reports. Canaccord Genuity Group reiterated a “buy” rating and issued a $10.00 target price on shares of Peloton Interactive in a report on Thursday, October 2nd. Citigroup dropped their price objective on shares of Peloton Interactive from $9.50 to $8.25 and set a “neutral” rating on the stock in a research note on Thursday, November 20th. Telsey Advisory Group reiterated a “market perform” rating and issued a $9.00 target price on shares of Peloton Interactive in a research report on Monday, November 3rd. Weiss Ratings reissued a “sell (d-)” rating on shares of Peloton Interactive in a research note on Friday. Finally, Truist Financial upped their price target on shares of Peloton Interactive from $11.00 to $12.00 and gave the stock a “buy” rating in a research note on Friday, November 7th. Eight equities research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $9.86.

Read Our Latest Stock Report on Peloton Interactive

Institutional Trading of Peloton Interactive

Several large investors have recently added to or reduced their stakes in PTON. Royal Bank of Canada raised its holdings in shares of Peloton Interactive by 342.6% during the 1st quarter. Royal Bank of Canada now owns 616,367 shares of the company’s stock valued at $3,896,000 after purchasing an additional 477,106 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in Peloton Interactive by 2.4% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 290,981 shares of the company’s stock valued at $1,839,000 after buying an additional 6,921 shares in the last quarter. NewEdge Advisors LLC raised its holdings in Peloton Interactive by 3,132.6% during the first quarter. NewEdge Advisors LLC now owns 15,549 shares of the company’s stock valued at $98,000 after buying an additional 15,068 shares in the last quarter. Goldman Sachs Group Inc. lifted its position in shares of Peloton Interactive by 27.1% in the first quarter. Goldman Sachs Group Inc. now owns 7,056,642 shares of the company’s stock worth $44,598,000 after buying an additional 1,503,680 shares during the last quarter. Finally, Caxton Associates LLP bought a new stake in shares of Peloton Interactive during the 1st quarter worth about $282,000. 77.01% of the stock is owned by institutional investors.

About Peloton Interactive

(Get Free Report)

Peloton Interactive, Inc operates a digital fitness platform that combines connected exercise equipment with live and on-demand workout classes. The company’s core products include stationary bikes (Peloton Bike and Bike+), treadmills (Peloton Tread and Tread+), and the Peloton Row. Each device integrates a touchscreen display that streams instructor-led cycling, running, strength, yoga, meditation and other fitness classes. Peloton generates recurring revenue through subscription plans, which grant users access to its growing library of workouts, performance tracking tools and community features.

Founded in 2012 by John Foley and headquartered in New York City, Peloton set out to deliver an immersive home-fitness experience by blending hardware, software and content.

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