Peloton Interactive, Inc. (NASDAQ:PTON - Get Free Report) insider Nick V. Caldwell sold 68,727 shares of the business's stock in a transaction dated Monday, March 17th. The stock was sold at an average price of $6.59, for a total transaction of $452,910.93. Following the sale, the insider now owns 474,234 shares in the company, valued at $3,125,202.06. This trade represents a 12.66 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.
Peloton Interactive Stock Up 6.7 %
PTON traded up $0.44 during trading on Friday, hitting $6.96. 25,921,990 shares of the stock were exchanged, compared to its average volume of 15,964,843. The firm has a market capitalization of $2.71 billion, a P/E ratio of -9.04 and a beta of 1.95. Peloton Interactive, Inc. has a 1-year low of $2.70 and a 1-year high of $10.90. The stock has a fifty day moving average price of $7.90 and a two-hundred day moving average price of $7.48.
Peloton Interactive (NASDAQ:PTON - Get Free Report) last issued its quarterly earnings results on Thursday, February 6th. The company reported ($0.24) earnings per share for the quarter, missing analysts' consensus estimates of ($0.20) by ($0.04). Analysts predict that Peloton Interactive, Inc. will post -0.36 EPS for the current year.
Analysts Set New Price Targets
PTON has been the topic of a number of research reports. Canaccord Genuity Group upgraded shares of Peloton Interactive from a "hold" rating to a "buy" rating and set a $10.00 target price on the stock in a report on Friday, March 14th. Macquarie reiterated a "neutral" rating and issued a $9.00 target price on shares of Peloton Interactive in a report on Monday, February 10th. Telsey Advisory Group restated a "market perform" rating and set a $11.00 price target on shares of Peloton Interactive in a report on Monday, February 3rd. UBS Group upgraded Peloton Interactive from a "sell" rating to a "neutral" rating and lifted their price objective for the company from $2.50 to $10.00 in a research note on Friday, December 6th. Finally, The Goldman Sachs Group upped their target price on shares of Peloton Interactive from $8.00 to $10.00 and gave the stock a "neutral" rating in a research note on Monday, February 10th. Fifteen research analysts have rated the stock with a hold rating and five have given a buy rating to the company's stock. According to data from MarketBeat.com, Peloton Interactive presently has a consensus rating of "Hold" and an average target price of $8.69.
Get Our Latest Stock Report on Peloton Interactive
Institutional Trading of Peloton Interactive
Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Los Angeles Capital Management LLC acquired a new position in shares of Peloton Interactive in the third quarter valued at approximately $212,000. Connor Clark & Lunn Investment Management Ltd. purchased a new position in Peloton Interactive during the 3rd quarter worth $5,724,000. Intech Investment Management LLC acquired a new stake in shares of Peloton Interactive in the 3rd quarter worth $327,000. Landscape Capital Management L.L.C. purchased a new stake in shares of Peloton Interactive in the third quarter valued at about $981,000. Finally, Charles Schwab Investment Management Inc. boosted its holdings in shares of Peloton Interactive by 7.9% in the third quarter. Charles Schwab Investment Management Inc. now owns 3,996,356 shares of the company's stock valued at $18,703,000 after acquiring an additional 291,946 shares in the last quarter. 77.01% of the stock is owned by hedge funds and other institutional investors.
About Peloton Interactive
(
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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.
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