Charles Peter Kirol Sells 3,670 Shares of Peloton Interactive (NASDAQ:PTON) Stock
by Michael Walen · The Markets DailyPeloton Interactive, Inc. (NASDAQ:PTON – Get Free Report) COO Charles Peter Kirol sold 3,670 shares of the company’s stock in a transaction that occurred on Monday, April 20th. The stock was sold at an average price of $5.16, for a total value of $18,937.20. Following the sale, the chief operating officer directly owned 121,442 shares of the company’s stock, valued at $626,640.72. The trade was a 2.93% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Charles Peter Kirol also recently made the following trade(s):
- On Thursday, April 16th, Charles Peter Kirol sold 19,806 shares of Peloton Interactive stock. The stock was sold at an average price of $5.02, for a total value of $99,426.12.
- On Tuesday, February 17th, Charles Peter Kirol sold 6,419 shares of Peloton Interactive stock. The stock was sold at an average price of $4.14, for a total value of $26,574.66.
Peloton Interactive Stock Down 1.4%
Shares of Peloton Interactive stock opened at $4.95 on Friday. The stock has a market capitalization of $2.11 billion, a P/E ratio of -38.08, a PEG ratio of 0.82 and a beta of 2.37. The stock has a 50 day moving average price of $4.30 and a two-hundred day moving average price of $5.79. Peloton Interactive, Inc. has a 12-month low of $3.65 and a 12-month high of $9.20.
Peloton Interactive (NASDAQ:PTON – Get Free Report) last announced its earnings results on Thursday, February 5th. The company reported ($0.09) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.07) by ($0.02). The business had revenue of $656.50 million during the quarter, compared to analysts’ expectations of $675.04 million. During the same period in the prior year, the firm earned ($0.24) earnings per share. The firm’s revenue for the quarter was down 2.5% on a year-over-year basis. Sell-side analysts anticipate that Peloton Interactive, Inc. will post 0.14 earnings per share for the current year.
Analyst Ratings Changes
PTON has been the subject of a number of research analyst reports. Citigroup cut their price target on Peloton Interactive from $8.25 to $5.00 and set a “neutral” rating for the company in a report on Thursday, February 12th. JPMorgan Chase & Co. cut their price target on Peloton Interactive from $9.00 to $6.00 and set a “neutral” rating for the company in a report on Friday, February 6th. Zacks Research lowered Peloton Interactive from a “strong-buy” rating to a “hold” rating in a report on Tuesday, February 24th. Bank of America set a $9.00 price target on Peloton Interactive in a report on Friday, January 30th. Finally, Telsey Advisory Group cut their price target on Peloton Interactive from $8.00 to $6.00 and set a “market perform” rating for the company in a report on Friday, February 6th. Five analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $8.60.
Get Our Latest Analysis on PTON
Institutional Inflows and Outflows
Large investors have recently modified their holdings of the company. Sankala Group LLC acquired a new position in shares of Peloton Interactive in the fourth quarter valued at $31,000. Advisory Services Network LLC acquired a new position in shares of Peloton Interactive in the third quarter valued at $48,000. Quarry LP acquired a new position in shares of Peloton Interactive in the third quarter valued at $71,000. Farther Finance Advisors LLC raised its stake in shares of Peloton Interactive by 158.3% in the third quarter. Farther Finance Advisors LLC now owns 7,986 shares of the company’s stock valued at $72,000 after purchasing an additional 4,894 shares in the last quarter. Finally, Cora Capital Advisors LLC acquired a new position in shares of Peloton Interactive in the first quarter valued at $43,000. 77.01% of the stock is currently owned by institutional investors and hedge funds.
Peloton Interactive Company Profile
Peloton Interactive, Inc operates a digital fitness platform that combines connected exercise equipment with live and on-demand workout classes. The company’s core products include stationary bikes (Peloton Bike and Bike+), treadmills (Peloton Tread and Tread+), and the Peloton Row. Each device integrates a touchscreen display that streams instructor-led cycling, running, strength, yoga, meditation and other fitness classes. Peloton generates recurring revenue through subscription plans, which grant users access to its growing library of workouts, performance tracking tools and community features.
Founded in 2012 by John Foley and headquartered in New York City, Peloton set out to deliver an immersive home-fitness experience by blending hardware, software and content.