Peloton Interactive (NASDAQ:PTON) Insider Sells $681,331.77 in Stock

Peloton Interactive, Inc. (NASDAQ:PTON) insider Jennifer Cunningham Cotter sold 154,497 shares of the stock in a transaction that occurred on Friday, February 20th. The shares were sold at an average price of $4.41, for a total transaction of $681,331.77. Following the transaction, the insider owned 100,269 shares in the company, valued at approximately $442,186.29. This represents a 60.64% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link.

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

• On Tuesday, February 17th, Jennifer Cunningham Cotter sold 125,432 shares of Peloton Interactive stock. The stock was sold at an average price of $4.15, for a total transaction of $520,542.80.

Peloton Interactive Price Performance

Peloton Interactive stock traded down $0.09 during mid-day trading on Tuesday, reaching $4.04. 15,129,992 shares of the company traded hands, compared to its average volume of 14,352,462. The company has a market capitalization of $1.72 billion, a price-to-earnings ratio of -31.08, a price-to-earnings-growth ratio of 0.87 and a beta of 2.41. The firm’s fifty day moving average is $5.70 and its two-hundred day moving average is $6.90. Peloton Interactive, Inc. has a fifty-two week low of $4.03 and a fifty-two week high of $9.20.

Peloton Interactive (NASDAQ:PTON) last issued its earnings results 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). The company had revenue of $656.50 million for the quarter, compared to analysts’ expectations of $675.04 million. During the same period in the previous year, the business posted ($0.24) earnings per share. Peloton Interactive’s revenue was down 2.5% compared to the same quarter last year. As a group, equities research analysts predict that Peloton Interactive, Inc. will post -0.36 earnings per share for the current year.

Analysts Set New Price Targets

Several brokerages have issued reports on PTON. Argus cut shares of Peloton Interactive from a “buy” rating to a “hold” rating in a research note on Tuesday, February 10th. Morgan Stanley raised their price target on shares of Peloton Interactive from $6.00 to $6.50 and gave the stock an “equal weight” rating in a research note on Wednesday, November 19th. Citigroup dropped their price objective on shares of Peloton Interactive from $8.25 to $5.00 and set a “neutral” rating for the company in a research note on Thursday, February 12th. Wall Street Zen downgraded shares of Peloton Interactive from a “buy” rating to a “hold” rating in a report on Saturday, February 14th. Finally, Telsey Advisory Group decreased their target price on shares of Peloton Interactive from $8.00 to $6.00 and set a “market perform” rating on the stock in a research note on Friday, February 6th. One equities research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, eight have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, Peloton Interactive presently has a consensus rating of “Hold” and an average target price of $8.42.

Hedge Funds Weigh In On Peloton Interactive

Institutional investors have recently bought and sold shares of the company. Bessemer Group Inc. grew its stake in shares of Peloton Interactive by 1,602.6% in the 2nd quarter. Bessemer Group Inc. now owns 5,312 shares of the company’s stock valued at $37,000 after buying an additional 5,000 shares during the period. Advisory Services Network LLC acquired a new position in Peloton Interactive in the third quarter valued at approximately $48,000. MAI Capital Management lifted its holdings in Peloton Interactive by 64.6% in the second quarter. MAI Capital Management now owns 5,498 shares of the company’s stock valued at $38,000 after acquiring an additional 2,158 shares during the last quarter. Quarry LP purchased a new position in Peloton Interactive in the third quarter worth approximately $71,000. Finally, Farther Finance Advisors LLC increased its stake in Peloton Interactive by 158.3% during the third quarter. Farther Finance Advisors LLC now owns 7,986 shares of the company’s stock worth $72,000 after acquiring an additional 4,894 shares during the last quarter. 77.01% of the stock is owned by hedge funds and other institutional investors.

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.