Peloton Interactive (NASDAQ:PTON) Stock Price Down 3.8% on Insider Selling

Peloton Interactive, Inc. (NASDAQ:PTON)’s stock price fell 3.8% during mid-day trading on Monday after an insider sold shares in the company. The company traded as low as $6.90 and last traded at $6.78. 1,169,517 shares traded hands during trading, a decline of 93% from the average session volume of 15,770,081 shares. The stock had previously closed at $7.05.

Specifically, CFO Elizabeth F. Coddington sold 38,151 shares of the stock in a transaction that occurred on Friday, March 14th. The shares were sold at an average price of $6.83, for a total transaction of $260,571.33. Following the sale, the chief financial officer now owns 258,880 shares in the company, valued at approximately $1,768,150.40. This trade represents a 12.84 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on the company. Telsey Advisory Group reaffirmed a “market perform” rating and issued a $11.00 price objective on shares of Peloton Interactive in a research note on Monday, February 3rd. JMP Securities restated a “market perform” rating on shares of Peloton Interactive in a report on Friday, February 7th. Needham & Company LLC restated a “hold” rating on shares of Peloton Interactive in a report on Thursday, February 6th. Citigroup lowered their price objective on Peloton Interactive from $11.00 to $10.00 and set a “neutral” rating for the company in a research report on Monday, February 10th. Finally, Macquarie reiterated a “neutral” rating and set a $9.00 target price on shares of Peloton Interactive in a research report on Monday, February 10th. Fifteen investment analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat.com, Peloton Interactive presently has a consensus rating of “Hold” and a consensus price target of $8.69.

Peloton Interactive Price Performance

The firm’s fifty day moving average is $8.02 and its two-hundred day moving average is $7.47. The firm has a market capitalization of $2.52 billion, a PE ratio of -8.39 and a beta of 1.95.

Peloton Interactive (NASDAQ:PTON) last released its earnings results on Thursday, February 6th. The company reported ($0.24) EPS for the quarter, missing analysts’ consensus estimates of ($0.20) by ($0.04). As a group, equities research analysts predict that Peloton Interactive, Inc. will post -0.36 EPS for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the business. Vanguard Group Inc. grew its position in shares of Peloton Interactive by 4.9% during the 4th quarter. Vanguard Group Inc. now owns 35,059,790 shares of the company’s stock valued at $305,020,000 after purchasing an additional 1,645,640 shares in the last quarter. T. Rowe Price Investment Management Inc. raised its stake in shares of Peloton Interactive by 38.0% during the fourth quarter. T. Rowe Price Investment Management Inc. now owns 16,820,256 shares of the company’s stock worth $146,337,000 after acquiring an additional 4,635,667 shares in the last quarter. Gtcr LLC purchased a new position in shares of Peloton Interactive during the third quarter worth approximately $65,520,000. DME Capital Management LP raised its stake in shares of Peloton Interactive by 10.4% during the fourth quarter. DME Capital Management LP now owns 10,522,687 shares of the company’s stock worth $91,547,000 after acquiring an additional 992,797 shares in the last quarter. Finally, Hennessy Advisors Inc. purchased a new position in shares of Peloton Interactive in the fourth quarter worth $85,260,000. 77.01% of the stock is owned by institutional investors.

Peloton Interactive Company Profile

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.