Insider Selling: Peloton Interactive (NASDAQ:PTON) CFO Sells $84,439.53 in Stock

Peloton Interactive, Inc. (NASDAQ:PTON) CFO Elizabeth Coddington sold 21,819 shares of the firm’s stock in a transaction on Monday, March 16th. The stock was sold at an average price of $3.87, for a total value of $84,439.53. Following the completion of the sale, the chief financial officer directly owned 346,535 shares of the company’s stock, valued at approximately $1,341,090.45. This trade represents a 5.92% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

Peloton Interactive Trading Up 0.2%

Shares of PTON stock opened at $4.06 on Friday. The company has a market capitalization of $1.73 billion, a price-to-earnings ratio of -31.23, a P/E/G ratio of 0.80 and a beta of 2.47. Peloton Interactive, Inc. has a 1-year low of $3.65 and a 1-year high of $9.20. The stock’s fifty day simple moving average is $4.86 and its 200-day simple moving average is $6.40.

Peloton Interactive (NASDAQ:PTON) last announced its quarterly earnings data on Thursday, February 5th. The company reported ($0.09) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.07) by ($0.02). During the same period in the previous year, the firm earned ($0.24) earnings per share. The firm’s quarterly revenue was down 2.5% on a year-over-year basis. On average, sell-side analysts predict that Peloton Interactive, Inc. will post -0.36 EPS for the current year.

Institutional Investors Weigh In On Peloton Interactive

Several large investors have recently made changes to their positions in the company. Sankala Group LLC acquired a new position in Peloton Interactive in the fourth quarter worth approximately $31,000. Advisory Services Network LLC acquired a new stake in Peloton Interactive in the third quarter valued at approximately $48,000. MAI Capital Management grew its position in Peloton Interactive by 64.6% in the second quarter. MAI Capital Management now owns 5,498 shares of the company’s stock worth $38,000 after acquiring an additional 2,158 shares in the last quarter. Quarry LP bought a new stake in Peloton Interactive in the third quarter worth approximately $71,000. Finally, Farther Finance Advisors LLC increased its stake in shares of Peloton Interactive by 158.3% during the 3rd quarter. Farther Finance Advisors LLC now owns 7,986 shares of the company’s stock worth $72,000 after purchasing an additional 4,894 shares during the last quarter. Institutional investors own 77.01% of the company’s stock.

Wall Street Analyst Weigh In

PTON has been the subject of several research reports. Wall Street Zen cut shares of Peloton Interactive from a “buy” rating to a “hold” rating in a report on Sunday, March 8th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Peloton Interactive in a research report on Friday, January 9th. Zacks Research lowered shares of Peloton Interactive from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, February 24th. Argus cut shares of Peloton Interactive from a “buy” rating to a “hold” rating in a report on Tuesday, February 10th. Finally, JPMorgan Chase & Co. dropped their price target on shares of Peloton Interactive from $9.00 to $6.00 and set a “neutral” rating on the stock in a research note on Friday, February 6th. Seven analysts have rated the stock with a Buy rating, nine have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, Peloton Interactive presently has an average rating of “Hold” and an average target price of $8.42.

About Peloton Interactive

Peloton Interactive, Inc operates a digital fitness platform that combines connected exercise equipment with live and on-demand workout classes. The company’s core products include stationary bikes (Peloton Bike and Bike+), treadmills (Peloton Tread and Tread+), and the Peloton Row. Each device integrates a touchscreen display that streams instructor-led cycling, running, strength, yoga, meditation and other fitness classes. Peloton generates recurring revenue through subscription plans, which grant users access to its growing library of workouts, performance tracking tools and community features.

Founded in 2012 by John Foley and headquartered in New York City, Peloton set out to deliver an immersive home-fitness experience by blending hardware, software and content.