Karen Boone Sells 17,259 Shares of Peloton Interactive, Inc. (NASDAQ:PTON) Stock

Peloton Interactive, Inc. (NASDAQ:PTON) Director Karen Boone sold 17,259 shares of the stock in a transaction on Thursday, January 2nd. The stock was sold at an average price of $8.63, for a total value of $148,945.17. Following the completion of the sale, the director now owns 244,641 shares in the company, valued at approximately $2,111,251.83. The trade was a 6.59 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

Karen Boone also recently made the following trade(s):

• On Thursday, December 5th, Karen Boone sold 16,925 shares of Peloton Interactive stock. The stock was sold at an average price of $9.64, for a total transaction of $163,157.00.
• On Friday, November 1st, Karen Boone sold 13,484 shares of Peloton Interactive stock. The shares were sold at an average price of $8.27, for a total transaction of $111,512.68.

Peloton Interactive Price Performance

NASDAQ PTON traded up $0.13 on Thursday, hitting $8.83. The stock had a trading volume of 11,577,956 shares, compared to its average volume of 16,037,085. Peloton Interactive, Inc. has a 52-week low of $2.70 and a 52-week high of $10.90. The business’s fifty day moving average price is $8.80 and its 200 day moving average price is $5.75. The stock has a market cap of $3.37 billion, a price-to-earnings ratio of -8.25 and a beta of 1.90.

Peloton Interactive (NASDAQ:PTON) last announced its earnings results on Thursday, October 31st. The company reported ($0.16) earnings per share for the quarter, missing the consensus estimate of ($0.15) by ($0.01). The company had revenue of $586.00 million during the quarter, compared to analysts’ expectations of $572.97 million. During the same quarter last year, the business posted ($0.44) EPS. Peloton Interactive’s revenue was down 1.6% compared to the same quarter last year. As a group, sell-side analysts anticipate that Peloton Interactive, Inc. will post -0.38 EPS for the current year.

Analysts Set New Price Targets

Several analysts have recently weighed in on the stock. Robert W. Baird lifted their price target on shares of Peloton Interactive from $4.75 to $8.00 and gave the company a “neutral” rating in a research note on Friday, November 1st. Bank of America raised Peloton Interactive from an “underperform” rating to a “buy” rating and lifted their target price for the company from $3.75 to $9.00 in a research report on Monday, November 4th. Needham & Company LLC reiterated a “hold” rating on shares of Peloton Interactive in a report on Friday, November 1st. Morgan Stanley raised their price target on Peloton Interactive from $3.50 to $5.00 and gave the company an “equal weight” rating in a research note on Friday, November 1st. Finally, Truist Financial upped their price objective on shares of Peloton Interactive from $6.00 to $10.00 and gave the stock a “hold” rating in a research note on Friday, November 1st. Sixteen equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $6.97.

Hedge Funds Weigh In On Peloton Interactive

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Gtcr LLC purchased a new stake in Peloton Interactive during the 3rd quarter valued at about $65,520,000. Two Sigma Advisers LP boosted its position in Peloton Interactive by 2.9% in the third quarter. Two Sigma Advisers LP now owns 7,440,900 shares of the company’s stock valued at $34,823,000 after buying an additional 206,500 shares during the last quarter. DME Capital Management LP acquired a new position in Peloton Interactive in the 2nd quarter worth approximately $22,947,000. Charles Schwab Investment Management Inc. raised its position in Peloton Interactive by 7.9% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 3,996,356 shares of the company’s stock worth $18,703,000 after buying an additional 291,946 shares during the last quarter. Finally, Clearline Capital LP acquired a new stake in Peloton Interactive during the 2nd quarter valued at approximately $7,527,000. 77.01% of the stock is owned by hedge funds and other institutional investors.

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.