Peloton Interactive, Inc. (NASDAQ:PTON – Get Rating) insider Thomas Cortese sold 13,650 shares of the stock in a transaction dated Thursday, May 18th. The stock was sold at an average price of $7.27, for a total transaction of $99,235.50. Following the completion of the sale, the insider now directly owns 7,212 shares in the company, valued at approximately $52,431.24. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website.
Peloton Interactive Price Performance
NASDAQ PTON opened at $7.33 on Tuesday. The company has a 50 day simple moving average of $9.33 and a 200-day simple moving average of $10.78. The company has a debt-to-equity ratio of 54.95, a current ratio of 2.24 and a quick ratio of 1.47. The firm has a market capitalization of $2.60 billion, a price-to-earnings ratio of -1.10 and a beta of 1.91. Peloton Interactive, Inc. has a 52-week low of $6.62 and a 52-week high of $17.83.
Peloton Interactive (NASDAQ:PTON – Get Rating) last posted its quarterly earnings results on Thursday, May 4th. The company reported ($0.79) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.53) by ($0.26). The company had revenue of $748.90 million during the quarter, compared to analysts’ expectations of $708.78 million. Peloton Interactive had a negative return on equity of 686.29% and a negative net margin of 79.82%. Peloton Interactive’s revenue for the quarter was down 22.3% compared to the same quarter last year. During the same period last year, the company earned ($0.98) earnings per share. Equities research analysts predict that Peloton Interactive, Inc. will post -3.41 earnings per share for the current fiscal year.
Wall Street Analyst Weigh In
Institutional Trading of Peloton Interactive
A number of hedge funds have recently made changes to their positions in the stock. Covestor Ltd raised its position in Peloton Interactive by 1,054.2% during the first quarter. Covestor Ltd now owns 1,385 shares of the company’s stock valued at $37,000 after acquiring an additional 1,265 shares in the last quarter. Belpointe Asset Management LLC bought a new position in Peloton Interactive during the fourth quarter valued at approximately $38,000. ICA Group Wealth Management LLC bought a new position in Peloton Interactive during the fourth quarter valued at approximately $39,000. Eisler Capital UK Ltd. bought a new position in Peloton Interactive during the third quarter valued at approximately $44,000. Finally, Affiance Financial LLC bought a new position in Peloton Interactive during the fourth quarter valued at approximately $67,000. 74.43% 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, and Peloton Tread+ names. It also provides connected fitness subscriptions for various household users, and access to various live and on-demand classes, as well as Peloton Digital app for connected fitness subscribers to provide access to its classes.
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