Peloton Interactive, Inc. (NASDAQ:PTON - Get Free Report) CEO Chris Bruzzo sold 24,977 shares of the business's stock in a transaction on Friday, October 18th. The shares were sold at an average price of $5.80, for a total value of $144,866.60. Following the completion of the sale, the chief executive officer now owns 149,240 shares of the company's stock, valued at $865,592. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
Chris Bruzzo also recently made the following trade(s):
- On Thursday, August 1st, Chris Bruzzo sold 15,113 shares of Peloton Interactive stock. The stock was sold at an average price of $3.42, for a total value of $51,686.46.
Peloton Interactive Trading Down 6.2 %
Peloton Interactive stock opened at $5.48 on Tuesday. The company has a market capitalization of $2.03 billion, a PE ratio of -2.60 and a beta of 2.04. The stock has a 50-day moving average price of $4.55 and a two-hundred day moving average price of $3.87. Peloton Interactive, Inc. has a 12 month low of $2.70 and a 12 month high of $7.24.
The most serious warning of my career
From Porter & Company | Ad
With the 2024 election just weeks away, a new crisis is barrelling down on America… one that could cleave the financial world in two the moment the polls close.
I predict they could see investment losses of 50% (or more) in the weeks following the presidential election.
Click here now to grab your seat now.
Peloton Interactive (NASDAQ:PTON - Get Free Report) last posted its earnings results on Thursday, August 22nd. The company reported ($0.08) EPS for the quarter, topping the consensus estimate of ($0.18) by $0.10. The business had revenue of $644.00 million for the quarter, compared to analyst estimates of $633.00 million. During the same quarter in the prior year, the business earned ($0.68) earnings per share. The firm's quarterly revenue was up .3% on a year-over-year basis. As a group, analysts predict that Peloton Interactive, Inc. will post -0.65 earnings per share for the current fiscal year.
Institutional Trading of Peloton Interactive
Several institutional investors have recently modified their holdings of the business. Mercer Global Advisors Inc. ADV bought a new position in Peloton Interactive during the 2nd quarter worth $27,000. Skylands Capital LLC bought a new position in shares of Peloton Interactive during the second quarter worth about $30,000. Nisa Investment Advisors LLC lifted its stake in shares of Peloton Interactive by 1,836.7% in the second quarter. Nisa Investment Advisors LLC now owns 9,490 shares of the company's stock worth $32,000 after acquiring an additional 9,000 shares during the period. Sheaff Brock Investment Advisors LLC bought a new stake in Peloton Interactive in the first quarter valued at approximately $44,000. Finally, Schneider Downs Wealth Management Advisors LP acquired a new stake in Peloton Interactive during the 2nd quarter valued at approximately $35,000. Institutional investors own 77.01% of the company's stock.
Analyst Ratings Changes
PTON has been the topic of a number of analyst reports. Wolfe Research started coverage on shares of Peloton Interactive in a research report on Tuesday, July 16th. They set a "peer perform" rating on the stock. Sanford C. Bernstein upped their target price on Peloton Interactive from $3.80 to $4.25 and gave the company a "market perform" rating in a research report on Friday, August 23rd. JPMorgan Chase & Co. downgraded Peloton Interactive from an "overweight" rating to a "neutral" rating and dropped their price target for the company from $7.00 to $5.00 in a research note on Friday, August 23rd. BMO Capital Markets reiterated a "market perform" rating and set a $6.50 price objective on shares of Peloton Interactive in a research note on Tuesday, October 1st. Finally, Robert W. Baird boosted their target price on shares of Peloton Interactive from $4.00 to $4.75 and gave the company a "neutral" rating in a research report on Monday, August 26th. One investment analyst has rated the stock with a sell rating, seventeen have issued a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat, the company has an average rating of "Hold" and an average price target of $4.52.
Check Out Our Latest Analysis on Peloton Interactive
Peloton Interactive Company Profile
(
Get Free Report)
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.
See Also
This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. This story was reviewed by InsiderTrades.com's editorial team prior to publication. Please send any questions or comments about this story to [email protected].
