Peloton (NASDAQ:PTON) President William Lynch Sells 59,268 Shares of Stock

Peloton (NASDAQ:PTON) President William Lynch sold 59,268 shares of the business’s stock in a transaction dated Tuesday, March 24th. The stock was sold at an average price of $24.41, for a total transaction of $1,446,731.88. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

William Lynch also recently made the following trade(s):

  • On Tuesday, February 25th, William Lynch sold 46,544 shares of Peloton stock. The shares were sold at an average price of $27.00, for a total transaction of $1,256,688.00.

Peloton stock traded up $1.18 during mid-day trading on Thursday, reaching $25.70. 784,348 shares of the company were exchanged, compared to its average volume of 8,080,654. The firm’s fifty day simple moving average is $25.98. Peloton has a 12 month low of $17.70 and a 12 month high of $37.02. The company has a debt-to-equity ratio of 0.32, a current ratio of 3.47 and a quick ratio of 3.01.

Peloton (NASDAQ:PTON) last released its earnings results on Wednesday, February 5th. The company reported ($0.20) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.32) by $0.12. The company had revenue of $466.30 million for the quarter, compared to the consensus estimate of $423.74 million. During the same quarter in the previous year, the company posted ($4.83) earnings per share. The business’s revenue was up 77.4% compared to the same quarter last year. Sell-side analysts expect that Peloton will post -1 earnings per share for the current fiscal year.

A number of research analysts have commented on the company. SunTrust Banks restated a “buy” rating and issued a $37.00 target price on shares of Peloton in a research note on Thursday, February 6th. MKM Partners lifted their target price on shares of Peloton from $26.00 to $28.00 and gave the stock a “neutral” rating in a report on Thursday, February 6th. Barclays reissued a “buy” rating and issued a $40.00 price target on shares of Peloton in a research note on Friday, February 7th. Stifel Nicolaus reissued a “buy” rating and issued a $38.00 price target (up previously from $37.00) on shares of Peloton in a research note on Thursday, February 6th. Finally, Zacks Investment Research upgraded Peloton from a “hold” rating to a “buy” rating and set a $31.00 price target on the stock in a research report on Tuesday, February 11th. Four equities research analysts have rated the stock with a hold rating and twenty-three have issued a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $35.87.

A number of institutional investors have recently modified their holdings of the business. Signaturefd LLC grew its holdings in shares of Peloton by 683.6% during the fourth quarter. Signaturefd LLC now owns 1,293 shares of the company’s stock worth $37,000 after purchasing an additional 1,128 shares during the last quarter. Advisor Group Inc. boosted its position in Peloton by 49.4% during the 4th quarter. Advisor Group Inc. now owns 2,066 shares of the company’s stock worth $59,000 after buying an additional 683 shares during the period. PSI Advisors LLC bought a new stake in Peloton during the 4th quarter worth approximately $113,000. Rockefeller Capital Management L.P. bought a new stake in Peloton during the 4th quarter worth approximately $143,000. Finally, Ladenburg Thalmann Financial Services Inc. increased its position in Peloton by 1,591.1% in the 4th quarter. Ladenburg Thalmann Financial Services Inc. now owns 5,344 shares of the company’s stock valued at $152,000 after acquiring an additional 5,028 shares during the period. Hedge funds and other institutional investors own 25.03% of the company’s stock.

About Peloton

Peloton Interactive, Inc provides interactive fitness products in North America. It offers connected fitness products, such as the Peloton Bike and the Peloton Tread, which include touchscreen that streams live and on-demand classes. The company also provides connected fitness subscriptions for multiple household users, and access to all live and on-demand classes, as well as Peloton Digital app for connected fitness subscribers to provide access to its classes.

Further Reading: Example of operating income, EBIT and EBITDA

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