Insider Selling: Peloton Interactive, Inc. (NASDAQ:PTON) CFO Sells $260,571.33 in Stock

Peloton Interactive, Inc. (NASDAQ:PTON) CFO Elizabeth F. Coddington sold 38,151 shares of the business’s stock in a transaction dated Friday, March 14th. The shares were sold at an average price of $6.83, for a total value of $260,571.33. Following the sale, the chief financial officer now owns 258,880 shares of the company’s stock, valued at approximately $1,768,150.40. This represents a 12.84 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

Peloton Interactive Stock Up 0.9 %

Shares of PTON stock opened at $6.52 on Thursday. The company’s fifty day simple moving average is $7.98 and its two-hundred day simple moving average is $7.47. Peloton Interactive, Inc. has a 52 week low of $2.70 and a 52 week high of $10.90. The stock has a market cap of $2.54 billion, a P/E ratio of -8.47 and a beta of 1.95.

Peloton Interactive (NASDAQ:PTON) last posted 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). On average, analysts anticipate 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 modified their holdings of the business. Townsquare Capital LLC raised its stake in Peloton Interactive by 6.5% during the fourth quarter. Townsquare Capital LLC now owns 19,280 shares of the company’s stock valued at $168,000 after purchasing an additional 1,172 shares in the last quarter. PDT Partners LLC raised its position in shares of Peloton Interactive by 0.7% during the 3rd quarter. PDT Partners LLC now owns 205,573 shares of the company’s stock valued at $962,000 after buying an additional 1,373 shares in the last quarter. Comerica Bank lifted its holdings in shares of Peloton Interactive by 29.1% in the 4th 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. Cetera Investment Advisers grew its position in Peloton Interactive by 9.1% in the fourth quarter. Cetera Investment Advisers now owns 17,144 shares of the company’s stock worth $149,000 after acquiring an additional 1,432 shares in the last quarter. Finally, Victory Capital Management Inc. increased its stake in Peloton Interactive by 3.8% during the fourth quarter. Victory Capital Management Inc. now owns 42,084 shares of the company’s stock worth $366,000 after acquiring an additional 1,534 shares during the last quarter. 77.01% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several brokerages recently issued reports on PTON. The Goldman Sachs Group boosted their target price 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. Macquarie restated a “neutral” rating and issued a $9.00 price objective on shares of Peloton Interactive in a research note on Monday, February 10th. UBS Group raised Peloton Interactive from a “sell” rating to a “neutral” rating and raised their target price for the stock from $2.50 to $10.00 in a report on Friday, December 6th. Telsey Advisory Group reissued a “market perform” rating and set a $11.00 price target on shares of Peloton Interactive in a report on Monday, February 3rd. Finally, JMP Securities reaffirmed a “market perform” rating on shares of Peloton Interactive in a research note on Friday, February 7th. Fifteen research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price 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.