Insider Selling: Peloton Interactive, Inc. (NASDAQ:PTON) CFO Sells 170,819 Shares of Stock

Peloton Interactive, Inc. (NASDAQ:PTON) CFO Elizabeth F. Coddington sold 170,819 shares of the business’s stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $9.62, for a total transaction of $1,643,278.78. Following the transaction, the chief financial officer now directly owns 275,212 shares in the company, valued at $2,647,539.44. This trade represents a 38.30 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink.

Peloton Interactive Trading Up 1.7 %

NASDAQ PTON traded up $0.16 on Wednesday, hitting $9.79. 12,452,433 shares of the company were exchanged, compared to its average volume of 15,103,203. Peloton Interactive, Inc. has a 1-year low of $2.70 and a 1-year high of $10.90. The firm has a 50 day moving average of $8.88 and a two-hundred day moving average of $6.99. The company has a market cap of $3.82 billion, a P/E ratio of -12.71 and a beta of 1.95.

Peloton Interactive (NASDAQ:PTON) last posted its quarterly earnings data on Thursday, February 6th. The company reported ($0.24) earnings per share for the quarter, missing the consensus estimate of ($0.20) by ($0.04). Research analysts anticipate that Peloton Interactive, Inc. will post -0.37 EPS for the current fiscal year.

Hedge Funds Weigh In On Peloton Interactive

Several large investors have recently made changes to their positions in PTON. R Squared Ltd bought a new stake in Peloton Interactive during the 4th quarter worth about $28,000. Point72 Asia Singapore Pte. Ltd. grew its position in shares of Peloton Interactive by 31.9% during the 3rd quarter. Point72 Asia Singapore Pte. Ltd. now owns 6,605 shares of the company’s stock worth $31,000 after buying an additional 1,597 shares during the period. Russell Investments Group Ltd. grew its position in shares of Peloton Interactive by 969.6% during the 4th quarter. Russell Investments Group Ltd. now owns 4,011 shares of the company’s stock worth $35,000 after buying an additional 3,636 shares during the period. Verdence Capital Advisors LLC bought a new stake in shares of Peloton Interactive during the third quarter worth approximately $52,000. Finally, Comerica Bank boosted its stake in Peloton Interactive by 29.1% in the fourth quarter. Comerica Bank now owns 6,164 shares of the company’s stock valued at $54,000 after acquiring an additional 1,389 shares during the last quarter. Institutional investors and hedge funds own 77.01% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have recently commented on PTON shares. The Goldman Sachs Group upped their price objective on shares of Peloton Interactive from $8.00 to $10.00 and gave the company a “neutral” rating in a research report on Monday, February 10th. Truist Financial upped their price target on Peloton Interactive from $6.00 to $10.00 and gave the company a “hold” rating in a report on Friday, November 1st. JPMorgan Chase & Co. lifted their price objective on Peloton Interactive from $5.00 to $7.00 and gave the stock a “neutral” rating in a report on Friday, November 1st. Needham & Company LLC restated a “hold” rating on shares of Peloton Interactive in a research note on Thursday, February 6th. Finally, JMP Securities reiterated a “market perform” rating on shares of Peloton Interactive in a research note on Friday, February 7th. Sixteen analysts have rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $8.38.

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.