Chris Bruzzo Sells 13,524 Shares of Peloton Interactive, Inc. (NASDAQ:PTON) Stock

Peloton Interactive, Inc. (NASDAQ:PTON) Director Chris Bruzzo sold 13,524 shares of the stock in a transaction on Friday, November 1st. The shares were sold at an average price of $8.24, for a total value of $111,437.76. Following the sale, the director now owns 167,362 shares in the company, valued at approximately $1,379,062.88. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link.

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

• On Friday, October 18th, Chris Bruzzo sold 24,977 shares of Peloton Interactive stock. The shares were sold at an average price of $5.80, for a total value of $144,866.60.

Peloton Interactive Stock Performance

Shares of NASDAQ PTON traded up $0.26 during midday trading on Monday, reaching $7.51. 36,996,297 shares of the company’s stock were exchanged, compared to its average volume of 16,327,741. The stock has a market capitalization of $2.83 billion, a PE ratio of -7.09 and a beta of 1.92. Peloton Interactive, Inc. has a 52-week low of $2.70 and a 52-week high of $8.92. The business’s fifty day moving average price is $5.11 and its two-hundred day moving average price is $4.07.

Peloton Interactive (NASDAQ:PTON) last issued its earnings results on Thursday, October 31st. The company reported ($0.16) EPS for the quarter, missing analysts’ consensus estimates of ($0.15) by ($0.01). The business 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 firm posted ($0.44) EPS. The firm’s revenue for the quarter was down 1.6% compared to the same quarter last year. Analysts predict that Peloton Interactive, Inc. will post -0.65 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Peloton Interactive

Several hedge funds and other institutional investors have recently added to or reduced their stakes in PTON. DME Capital Management LP bought a new stake in Peloton Interactive during the second quarter worth approximately $22,947,000. DNB Asset Management AS increased its holdings in shares of Peloton Interactive by 42.4% in the second quarter. DNB Asset Management AS now owns 12,130,553 shares of the company’s stock valued at $40,880,000 after buying an additional 3,611,069 shares in the last quarter. Clearline Capital LP bought a new position in shares of Peloton Interactive in the second quarter valued at $7,527,000. Jacobs Levy Equity Management Inc. purchased a new position in Peloton Interactive during the 1st quarter worth approximately $5,877,000. Finally, Vanguard Group Inc. grew its position in Peloton Interactive by 4.0% during the 1st quarter. Vanguard Group Inc. now owns 31,554,832 shares of the company’s stock worth $135,212,000 after purchasing an additional 1,215,397 shares in the last quarter. Institutional investors own 77.01% of the company’s stock.

Analysts Set New Price Targets

PTON has been the topic of a number of analyst reports. Roth Mkm increased their target price on Peloton Interactive from $5.00 to $6.00 and gave the company a “buy” rating in a report on Friday, August 23rd. Robert W. Baird raised their price objective on Peloton Interactive from $4.75 to $8.00 and gave the stock a “neutral” rating in a report on Friday. Truist Financial raised their price objective on Peloton Interactive from $6.00 to $10.00 and gave the stock a “hold” rating in a report on Friday. Canaccord Genuity Group raised their price objective on Peloton Interactive from $4.00 to $5.00 and gave the stock a “hold” rating in a report on Friday, August 23rd. Finally, TD Cowen raised their price objective on Peloton Interactive from $3.00 to $4.00 and gave the stock a “hold” rating in a report on Friday, August 23rd. Sixteen research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $6.57.

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.