Peloton Interactive (NASDAQ:PTON) COO Charles Peter Kirol Sells 3,596 Shares of Stock

Peloton Interactive, Inc. (NASDAQ:PTON) COO Charles Peter Kirol sold 3,596 shares of the stock in a transaction on Monday, October 20th. The stock was sold at an average price of $7.56, for a total transaction of $27,185.76. Following the sale, the chief operating officer owned 46,712 shares of the company’s stock, valued at approximately $353,142.72. This trade represents a 7.15% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

Charles Peter Kirol also recently made the following trade(s):

• On Wednesday, October 22nd, Charles Peter Kirol sold 8,989 shares of Peloton Interactive stock. The stock was sold at an average price of $8.00, for a total transaction of $71,912.00.
• On Thursday, October 16th, Charles Peter Kirol sold 20,554 shares of Peloton Interactive stock. The stock was sold at an average price of $7.57, for a total transaction of $155,593.78.
• On Tuesday, September 30th, Charles Peter Kirol sold 8,969 shares of Peloton Interactive stock. The stock was sold at an average price of $9.00, for a total transaction of $80,721.00.
• On Thursday, September 4th, Charles Peter Kirol sold 8,969 shares of Peloton Interactive stock. The stock was sold at an average price of $8.00, for a total transaction of $71,752.00.
• On Thursday, August 28th, Charles Peter Kirol sold 3,587 shares of Peloton Interactive stock. The stock was sold at an average price of $7.60, for a total transaction of $27,261.20.

Peloton Interactive Stock Down 1.0%

Shares of NASDAQ PTON opened at $7.78 on Thursday. The firm has a market cap of $3.17 billion, a PE ratio of -25.10, a P/E/G ratio of 2.69 and a beta of 2.27. Peloton Interactive, Inc. has a 12-month low of $4.63 and a 12-month high of $10.90. The company’s fifty day simple moving average is $7.92 and its 200 day simple moving average is $7.06.

Peloton Interactive (NASDAQ:PTON) last issued its earnings results on Thursday, August 7th. The company reported $0.05 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.07) by $0.12. The company had revenue of $606.90 million for the quarter, compared to the consensus estimate of $580.29 million. The firm’s revenue was down 5.8% compared to the same quarter last year. During the same period in the prior year, the company earned ($0.08) earnings per share. Peloton Interactive has set its FY 2025 guidance at EPS. On average, equities analysts predict that Peloton Interactive, Inc. will post -0.36 earnings per share for the current year.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the company. Bessemer Group Inc. lifted its position in shares of Peloton Interactive by 1,602.6% during the second quarter. Bessemer Group Inc. now owns 5,312 shares of the company’s stock valued at $37,000 after purchasing an additional 5,000 shares in the last quarter. MAI Capital Management lifted its position in shares of Peloton Interactive by 64.6% during the second quarter. MAI Capital Management now owns 5,498 shares of the company’s stock valued at $38,000 after purchasing an additional 2,158 shares in the last quarter. Nisa Investment Advisors LLC lifted its position in shares of Peloton Interactive by 40.2% during the first quarter. Nisa Investment Advisors LLC now owns 6,503 shares of the company’s stock valued at $41,000 after purchasing an additional 1,864 shares in the last quarter. Farther Finance Advisors LLC lifted its position in shares of Peloton Interactive by 158.3% during 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, GAMMA Investing LLC lifted its position in shares of Peloton Interactive by 1,082.5% during the first quarter. GAMMA Investing LLC now owns 8,159 shares of the company’s stock valued at $52,000 after purchasing an additional 7,469 shares in the last quarter. 77.01% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

PTON has been the topic of several research analyst reports. The Goldman Sachs Group reissued a “buy” rating and set a $11.50 target price on shares of Peloton Interactive in a research note on Thursday, October 2nd. Morgan Stanley raised their price objective on shares of Peloton Interactive from $4.00 to $5.75 and gave the company an “equal weight” rating in a research note on Monday, August 4th. UBS Group raised shares of Peloton Interactive from a “neutral” rating to a “buy” rating and raised their price objective for the company from $7.50 to $11.00 in a research note on Wednesday, July 30th. Macquarie raised their price objective on shares of Peloton Interactive from $10.00 to $11.00 and gave the company an “outperform” rating in a research note on Thursday, August 14th. Finally, Canaccord Genuity Group reaffirmed a “buy” rating and issued a $10.00 price objective on shares of Peloton Interactive in a research note on Thursday, October 2nd. One analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, nine have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, Peloton Interactive has a consensus rating of “Hold” and an average target price of $9.36.

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.