Nick V. Caldwell Sells 68,727 Shares of Peloton Interactive, Inc. (NASDAQ:PTON) Stock

Peloton Interactive, Inc. (NASDAQ:PTON) insider Nick V. Caldwell sold 68,727 shares of the business’s stock in a transaction on Monday, March 17th. The stock was sold at an average price of $6.59, for a total value of $452,910.93. Following the transaction, the insider now owns 474,234 shares in the company, valued at approximately $3,125,202.06. This trade represents a 12.66 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Peloton Interactive Price Performance

Shares of PTON stock opened at $6.52 on Thursday. Peloton Interactive, Inc. has a 1-year low of $2.70 and a 1-year high of $10.90. The company has a market cap of $2.54 billion, a price-to-earnings ratio of -8.47 and a beta of 1.95. The stock has a 50 day simple moving average of $7.98 and a 200-day simple moving average of $7.47.

Peloton Interactive (NASDAQ:PTON) last issued its quarterly earnings results on Thursday, February 6th. The company reported ($0.24) EPS for the quarter, missing the consensus estimate of ($0.20) by ($0.04). Analysts anticipate that Peloton Interactive, Inc. will post -0.36 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

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

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on PTON shares. Telsey Advisory Group restated a “market perform” rating and set a $11.00 price target on shares of Peloton Interactive in a research note on Monday, February 3rd. JMP Securities reiterated a “market perform” rating on shares of Peloton Interactive in a research note on Friday, February 7th. Argus upgraded shares of Peloton Interactive from a “hold” rating to a “buy” rating and set a $15.00 price target on the stock in a research note on Tuesday, February 11th. Needham & Company LLC reiterated a “hold” rating on shares of Peloton Interactive in a research note on Thursday, February 6th. Finally, Citigroup dropped their price objective on shares of Peloton Interactive from $11.00 to $10.00 and set a “neutral” rating on the stock in a report on Monday, February 10th. Fifteen analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat, Peloton Interactive has an average rating of “Hold” and an average price target of $8.69.

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.