Peloton Interactive, Inc. (NASDAQ:PTON - Get Free Report) CAO Saqib Baig sold 22,662 shares of the company's stock in a transaction on Wednesday, February 19th. The stock was sold at an average price of $9.75, for a total value of $220,954.50. Following the sale, the chief accounting officer now owns 130,031 shares of the company's stock, valued at $1,267,802.25. This trade represents a 14.84 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this hyperlink.
Peloton Interactive Price Performance
NASDAQ PTON traded down $0.57 during trading on Friday, hitting $8.49. 12,804,445 shares of the company's stock traded hands, compared to its average volume of 14,901,084. Peloton Interactive, Inc. has a 12-month low of $2.70 and a 12-month high of $10.90. The stock has a fifty day moving average of $8.87 and a two-hundred day moving average of $7.00. The firm has a market cap of $3.31 billion, a P/E ratio of -10.99 and a beta of 1.95.
Peloton Interactive (NASDAQ:PTON - Get Free Report) last announced its quarterly earnings data on Thursday, February 6th. The company reported ($0.24) earnings per share for the quarter, missing the consensus estimate of ($0.20) by ($0.04). As a group, analysts expect that Peloton Interactive, Inc. will post -0.36 earnings per share for the current fiscal year.
Institutional Trading of Peloton Interactive
Several large investors have recently modified their holdings of the business. Gtcr LLC purchased a new position in shares of Peloton Interactive during the third quarter valued at approximately $65,520,000. Hennessy Advisors Inc. bought a new position in Peloton Interactive in the 4th quarter worth $85,260,000. T. Rowe Price Investment Management Inc. boosted its stake in shares of Peloton Interactive by 38.0% during the 4th quarter. T. Rowe Price Investment Management Inc. now owns 16,820,256 shares of the company's stock valued at $146,337,000 after purchasing an additional 4,635,667 shares in the last quarter. Assenagon Asset Management S.A. bought a new stake in shares of Peloton Interactive during the 4th quarter valued at about $39,992,000. Finally, Connor Clark & Lunn Investment Management Ltd. raised its stake in Peloton Interactive by 245.7% in the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 4,227,854 shares of the company's stock worth $36,782,000 after buying an additional 3,004,757 shares in the last quarter. 77.01% of the stock is owned by institutional investors.
Analysts Set New Price Targets
A number of equities research analysts have issued reports on PTON shares. Telsey Advisory Group reaffirmed a "market perform" rating and issued a $11.00 price objective on shares of Peloton Interactive in a research report on Monday, February 3rd. Macquarie reaffirmed a "neutral" rating and issued a $9.00 target price on shares of Peloton Interactive in a report on Monday, February 10th. UBS Group upgraded Peloton Interactive from a "sell" rating to a "neutral" rating and lifted their price target for the stock from $2.50 to $10.00 in a report on Friday, December 6th. JPMorgan Chase & Co. increased their target price on shares of Peloton Interactive from $5.00 to $7.00 and gave the company a "neutral" rating in a research report on Friday, November 1st. Finally, Bank of America raised shares of Peloton Interactive from an "underperform" rating to a "buy" rating and lifted their price target for the stock from $3.75 to $9.00 in a report on Monday, November 4th. Sixteen investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus target price of $8.38.
Read Our Latest Stock Report on Peloton Interactive
Peloton Interactive Company Profile
(
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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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