Peloton Interactive, Inc. (NASDAQ:PTON) Shares Sold by Truist Financial Corp

Truist Financial Corp decreased its position in Peloton Interactive, Inc. (NASDAQ:PTON) by 22.6% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 16,931 shares of the company’s stock after selling 4,945 shares during the quarter. Truist Financial Corp’s holdings in Peloton Interactive were worth $57,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. Mercer Global Advisors Inc. ADV acquired a new stake in shares of Peloton Interactive during the second quarter worth about $27,000. Skylands Capital LLC acquired a new stake in Peloton Interactive during the 2nd quarter worth approximately $30,000. Nisa Investment Advisors LLC boosted its position in Peloton Interactive by 1,836.7% in the 2nd quarter. Nisa Investment Advisors LLC now owns 9,490 shares of the company’s stock valued at $32,000 after buying an additional 9,000 shares during the period. Sheaff Brock Investment Advisors LLC acquired a new position in shares of Peloton Interactive in the first quarter worth $44,000. Finally, Schneider Downs Wealth Management Advisors LP acquired a new position in shares of Peloton Interactive in the second quarter worth $35,000. 77.01% of the stock is currently owned by institutional investors and hedge funds.

Peloton Interactive Stock Up 10.8 %

PTON opened at $5.84 on Monday. The firm has a market cap of $2.20 billion, a price-to-earnings ratio of -3.87 and a beta of 2.04. Peloton Interactive, Inc. has a 52 week low of $2.70 and a 52 week high of $7.24. The business’s 50 day moving average is $4.49 and its two-hundred day moving average is $3.86.

Peloton Interactive (NASDAQ:PTON) last announced its earnings results on Thursday, August 22nd. The company reported ($0.08) EPS for the quarter, beating analysts’ consensus estimates of ($0.18) by $0.10. The business had revenue of $644.00 million during the quarter, compared to analyst estimates of $633.00 million. The business’s revenue was up .3% compared to the same quarter last year. During the same period in the previous year, the firm earned ($0.68) earnings per share. Equities analysts expect that Peloton Interactive, Inc. will post -0.65 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on the company. Robert W. Baird lifted their target price on Peloton Interactive from $4.00 to $4.75 and gave the company a “neutral” rating in a report on Monday, August 26th. Canaccord Genuity Group lifted their price objective on Peloton Interactive from $4.00 to $5.00 and gave the company a “hold” rating in a research note on Friday, August 23rd. JMP Securities reissued a “market perform” rating on shares of Peloton Interactive in a research report on Thursday, October 3rd. Morgan Stanley raised their target price on shares of Peloton Interactive from $2.50 to $3.50 and gave the company an “equal weight” rating in a report on Friday, August 23rd. Finally, Macquarie reiterated a “neutral” rating and set a $2.53 price target on shares of Peloton Interactive in a report on Thursday, August 22nd. One investment analyst has rated the stock with a sell rating, seventeen have assigned a hold rating and two have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $4.52.

Insider Activity

In related news, CEO Chris Bruzzo sold 15,113 shares of the firm’s stock in a transaction dated Thursday, August 1st. The stock was sold at an average price of $3.42, for a total transaction of $51,686.46. Following the transaction, the chief executive officer now owns 97,433 shares of the company’s stock, valued at $333,220.86. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. In other news, CFO Elizabeth F. Coddington sold 36,819 shares of the business’s stock in a transaction that occurred on Monday, September 16th. The stock was sold at an average price of $4.74, for a total value of $174,522.06. Following the transaction, the chief financial officer now owns 171,466 shares of the company’s stock, valued at approximately $812,748.84. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Chris Bruzzo sold 15,113 shares of the stock in a transaction on Thursday, August 1st. The stock was sold at an average price of $3.42, for a total value of $51,686.46. Following the sale, the chief executive officer now directly owns 97,433 shares of the company’s stock, valued at approximately $333,220.86. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 158,016 shares of company stock valued at $722,587. Insiders own 3.28% of the company’s stock.

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.