Karen Boone Sells 13,484 Shares of Peloton Interactive, Inc. (NASDAQ:PTON) Stock

Peloton Interactive, Inc. (NASDAQ:PTON) CEO Karen Boone sold 13,484 shares of the stock in a transaction on Friday, November 1st. The shares were sold at an average price of $8.27, for a total value of $111,512.68. Following the completion of the sale, the chief executive officer now owns 211,459 shares in the company, valued at approximately $1,748,765.93. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

Peloton Interactive Stock Up 2.0 %

Shares of PTON stock opened at $7.66 on Wednesday. The business has a fifty day simple moving average of $5.22 and a 200 day simple moving average of $4.14. The company has a market cap of $2.88 billion, a P/E ratio of -7.16 and a beta of 1.93. Peloton Interactive, Inc. has a twelve month low of $2.70 and a twelve month high of $8.92.

Peloton Interactive (NASDAQ:PTON) last posted 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 firm had revenue of $586.00 million for the quarter, compared to analysts’ expectations of $572.97 million. The company’s revenue was down 1.6% on a year-over-year basis. During the same period in the prior year, the business earned ($0.44) earnings per share. As a group, equities research analysts anticipate that Peloton Interactive, Inc. will post -0.65 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. Mercer Global Advisors Inc. ADV bought a new stake in Peloton Interactive during the 2nd quarter worth $27,000. Skylands Capital LLC bought a new stake in shares of Peloton Interactive during the second quarter worth about $30,000. Nisa Investment Advisors LLC increased its stake 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 valued at $32,000 after buying an additional 9,000 shares during the period. Schneider Downs Wealth Management Advisors LP bought a new position in Peloton Interactive in the 2nd quarter valued at approximately $35,000. Finally, CIBC Asset Management Inc acquired a new stake in Peloton Interactive during the 2nd quarter worth approximately $35,000. 77.01% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

PTON has been the topic of several research analyst reports. Morgan Stanley increased their price objective 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. Telsey Advisory Group boosted their price objective on Peloton Interactive from $5.00 to $9.00 and gave the stock a “market perform” rating in a report on Friday, November 1st. Bank of America upgraded Peloton Interactive from an “underperform” rating to a “buy” rating and increased their target price for the stock from $3.75 to $9.00 in a research note on Monday. TD Cowen boosted their price target on Peloton Interactive from $3.00 to $4.00 and gave the company a “hold” rating in a research note on Friday, August 23rd. Finally, Roth Mkm increased 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. Sixteen analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $6.57.

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.