Peloton Interactive, Inc. (NASDAQ:PTON) Insider Jennifer Cunningham Cotter Sells 187,238 Shares

Peloton Interactive, Inc. (NASDAQ:PTON) insider Jennifer Cunningham Cotter sold 187,238 shares of the firm’s stock in a transaction on Thursday, March 6th. The stock was sold at an average price of $6.45, for a total value of $1,207,685.10. Following the completion of the transaction, the insider now owns 100,269 shares in the company, valued at $646,735.05. The trade was a 65.12 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink.

Jennifer Cunningham Cotter also recently made the following trade(s):

• On Thursday, February 20th, Jennifer Cunningham Cotter sold 47,457 shares of Peloton Interactive stock. The stock was sold at an average price of $9.11, for a total value of $432,333.27.

Peloton Interactive Price Performance

Peloton Interactive stock opened at $6.21 on Friday. The stock’s 50 day moving average is $8.39 and its 200 day moving average is $7.34. The firm has a market cap of $2.42 billion, a P/E ratio of -8.06 and a beta of 1.95. Peloton Interactive, Inc. has a one year low of $2.70 and a one year high of $10.90.

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

Institutional Investors Weigh In On Peloton Interactive

A number of hedge funds have recently added to or reduced their stakes in PTON. Vanguard Group Inc. raised its position in shares of Peloton Interactive by 4.9% during the fourth quarter. Vanguard Group Inc. now owns 35,059,790 shares of the company’s stock worth $305,020,000 after purchasing an additional 1,645,640 shares during the period. T. Rowe Price Investment Management Inc. raised its position 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 purchasing an additional 4,635,667 shares during the period. Gtcr LLC acquired a new position in shares of Peloton Interactive during the third quarter worth approximately $65,520,000. DME Capital Management LP raised its position 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 purchasing an additional 992,797 shares during the period. Finally, Hennessy Advisors Inc. acquired a new position in shares of Peloton Interactive during the fourth quarter worth approximately $85,260,000. 77.01% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of research analysts recently commented on the company. Macquarie restated a “neutral” rating and issued a $9.00 price target on shares of Peloton Interactive in a research report on Monday, February 10th. Argus raised Peloton Interactive from a “hold” rating to a “buy” rating and set a $15.00 price objective on the stock in a research note on Tuesday, February 11th. The Goldman Sachs Group raised their price objective on Peloton Interactive from $8.00 to $10.00 and gave the company a “neutral” rating in a research note on Monday, February 10th. 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. Finally, UBS Group raised Peloton Interactive from a “sell” rating to a “neutral” rating and raised their price objective for the company from $2.50 to $10.00 in a research note on Friday, December 6th. Sixteen equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $8.38.

About Peloton Interactive

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.