Jennifer Cunningham Cotter Sells 47,457 Shares of Peloton Interactive, Inc. (NASDAQ:PTON) Stock

Peloton Interactive, Inc. (NASDAQ:PTON) insider Jennifer Cunningham Cotter sold 47,457 shares of the stock in a transaction dated Thursday, February 20th. The stock was sold at an average price of $9.11, for a total transaction of $432,333.27. Following the sale, the insider now owns 287,507 shares of the company’s stock, valued at approximately $2,619,188.77. This represents a 14.17 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website.

Peloton Interactive Stock Down 5.4 %

Shares of PTON opened at $8.56 on Friday. The stock has a market cap of $3.34 billion, a P/E ratio of -11.12 and a beta of 1.95. The business’s 50 day moving average price is $8.85 and its 200-day moving average price is $7.07. Peloton Interactive, Inc. has a 52 week low of $2.70 and a 52 week high of $10.90.

Peloton Interactive (NASDAQ:PTON) last released its 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). On average, equities analysts anticipate that Peloton Interactive, Inc. will post -0.36 EPS for the current year.

Hedge Funds Weigh In On Peloton Interactive

A number of hedge funds have recently bought and sold shares of PTON. Connor Clark & Lunn Investment Management Ltd. purchased a new position in Peloton Interactive in the third quarter worth about $5,724,000. Gtcr LLC bought a new stake in shares of Peloton Interactive during the third quarter valued at approximately $65,520,000. Two Sigma Advisers LP raised its holdings in Peloton Interactive by 2.9% in the 3rd quarter. Two Sigma Advisers LP now owns 7,440,900 shares of the company’s stock worth $34,823,000 after acquiring an additional 206,500 shares during the last quarter. Versor Investments LP bought a new position in Peloton Interactive in the 3rd quarter valued at approximately $415,000. Finally, Franklin Resources Inc. purchased a new stake in Peloton Interactive during the 3rd quarter valued at $505,000. Institutional investors own 77.01% of the company’s stock.

Wall Street Analysts Forecast Growth

PTON has been the subject of a number of recent analyst reports. Bank of America raised Peloton Interactive from an “underperform” rating to a “buy” rating and upped their price target for the company from $3.75 to $9.00 in a research report on Monday, November 4th. Robert W. Baird upped their target price on Peloton Interactive from $4.75 to $8.00 and gave the company a “neutral” rating in a report on Friday, November 1st. Telsey Advisory Group reiterated a “market perform” rating and issued a $11.00 price target on shares of Peloton Interactive in a report on Monday, February 3rd. UBS Group raised shares of Peloton Interactive from a “sell” rating to a “neutral” rating and boosted their price objective for the company from $2.50 to $10.00 in a research report on Friday, December 6th. Finally, Needham & Company LLC reaffirmed a “hold” rating on shares of Peloton Interactive in a research note on Thursday, February 6th. Sixteen research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $8.38.

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.