Chris Bruzzo Sells 13,524 Shares of Peloton Interactive, Inc. (NASDAQ:PTON) Stock

Peloton Interactive, Inc. (NASDAQ:PTON) Director Chris Bruzzo sold 13,524 shares of the business’s stock in a transaction that occurred on Friday, November 1st. The shares were sold at an average price of $8.24, for a total value of $111,437.76. Following the transaction, the director now owns 167,362 shares of the company’s stock, valued at $1,379,062.88. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

Chris Bruzzo also recently made the following trade(s):

• On Friday, October 18th, Chris Bruzzo sold 24,977 shares of Peloton Interactive stock. The stock was sold at an average price of $5.80, for a total value of $144,866.60.

Peloton Interactive Stock Performance

PTON stock opened at $7.66 on Wednesday. Peloton Interactive, Inc. has a one year low of $2.70 and a one year high of $8.92. The firm has a market cap of $2.88 billion, a price-to-earnings ratio of -7.16 and a beta of 1.93. The firm has a 50-day simple moving average of $5.22 and a two-hundred day simple moving average of $4.14.

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 business had revenue of $586.00 million for the quarter, compared to the consensus estimate of $572.97 million. The firm’s quarterly revenue was down 1.6% compared to the same quarter last year. During the same period last year, the business posted ($0.44) EPS. As a group, equities analysts predict that Peloton Interactive, Inc. will post -0.65 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Abundance Wealth Counselors raised its stake in Peloton Interactive by 24.7% in the second quarter. Abundance Wealth Counselors now owns 13,380 shares of the company’s stock valued at $45,000 after buying an additional 2,654 shares during the last quarter. Signaturefd LLC increased its holdings in shares of Peloton Interactive by 2.7% during the second quarter. Signaturefd LLC now owns 113,645 shares of the company’s stock valued at $384,000 after acquiring an additional 3,032 shares in the last quarter. Arizona State Retirement System raised its position in shares of Peloton Interactive by 3.8% in the 2nd quarter. Arizona State Retirement System now owns 92,781 shares of the company’s stock valued at $314,000 after purchasing an additional 3,377 shares during the last quarter. Kohmann Bosshard Financial Services LLC boosted its stake in Peloton Interactive by 50.0% in the 3rd quarter. Kohmann Bosshard Financial Services LLC now owns 15,000 shares of the company’s stock worth $70,000 after purchasing an additional 5,000 shares in the last quarter. Finally, Commonwealth Equity Services LLC grew its position in Peloton Interactive by 4.3% during the 2nd quarter. Commonwealth Equity Services LLC now owns 133,765 shares of the company’s stock worth $452,000 after purchasing an additional 5,463 shares during the last quarter. 77.01% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several analysts have recently weighed in on the company. Macquarie lifted their target price on Peloton Interactive from $4.90 to $9.00 and gave the stock a “neutral” rating in a research report on Friday, November 1st. Robert W. Baird lifted their price objective on shares of Peloton Interactive from $4.75 to $8.00 and gave the company a “neutral” rating in a report on Friday, November 1st. JPMorgan Chase & Co. upped their target price on shares of Peloton Interactive from $5.00 to $7.00 and gave the stock a “neutral” rating in a research note on Friday, November 1st. Roth Mkm boosted their price target on Peloton Interactive from $5.00 to $6.00 and gave the company a “buy” rating in a report on Friday, August 23rd. Finally, TD Cowen increased their price objective on Peloton Interactive from $3.00 to $4.00 and gave the stock a “hold” rating in a research note on Friday, August 23rd. Sixteen equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, Peloton Interactive presently has an average rating of “Hold” and a consensus price target of $6.57.

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.