Elizabeth F. Coddington Sells 186,462 Shares of Peloton Interactive, Inc. (NASDAQ:PTON) Stock

Peloton Interactive, Inc. (NASDAQ:PTON) CFO Elizabeth F. Coddington sold 186,462 shares of the company’s stock in a transaction on Monday, November 18th. The shares were sold at an average price of $7.58, for a total transaction of $1,413,381.96. Following the completion of the sale, the chief financial officer now directly owns 223,017 shares of the company’s stock, valued at $1,690,468.86. This trade represents a 45.54 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

Peloton Interactive Stock Performance

Peloton Interactive stock opened at $9.06 on Friday. Peloton Interactive, Inc. has a fifty-two week low of $2.70 and a fifty-two week high of $9.19. The stock’s 50 day simple moving average is $6.11 and its two-hundred day simple moving average is $4.55. The stock has a market cap of $3.46 billion, a price-to-earnings ratio of -8.47 and a beta of 1.93.

Peloton Interactive (NASDAQ:PTON) last released its quarterly earnings results on Thursday, October 31st. The company reported ($0.16) earnings per share for the quarter, missing the consensus estimate of ($0.15) by ($0.01). The company had revenue of $586.00 million during the quarter, compared to the consensus estimate of $572.97 million. The firm’s quarterly revenue was down 1.6% compared to the same quarter last year. During the same quarter in the previous year, the company earned ($0.44) EPS. On average, analysts predict that Peloton Interactive, Inc. will post -0.38 earnings per share for the current year.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the business. PDT Partners LLC grew its holdings in Peloton Interactive by 0.7% in the third quarter. PDT Partners LLC now owns 205,573 shares of the company’s stock worth $962,000 after purchasing an additional 1,373 shares during the period. Point72 Asia Singapore Pte. Ltd. boosted its position in shares of Peloton Interactive by 31.9% in the 3rd quarter. Point72 Asia Singapore Pte. Ltd. now owns 6,605 shares of the company’s stock worth $31,000 after purchasing an additional 1,597 shares in the last quarter. Abundance Wealth Counselors grew its stake in shares of Peloton Interactive by 24.7% in the 2nd quarter. Abundance Wealth Counselors now owns 13,380 shares of the company’s stock worth $45,000 after buying an additional 2,654 shares during the last quarter. Signaturefd LLC increased its position in Peloton Interactive by 2.7% during the 2nd quarter. Signaturefd LLC now owns 113,645 shares of the company’s stock valued at $384,000 after buying an additional 3,032 shares in the last quarter. Finally, Arizona State Retirement System raised its stake in Peloton Interactive by 3.8% during the second quarter. Arizona State Retirement System now owns 92,781 shares of the company’s stock valued at $314,000 after buying an additional 3,377 shares during the last quarter. 77.01% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on the company. Bank of America raised Peloton Interactive from an “underperform” rating to a “buy” rating and raised their price objective for the company from $3.75 to $9.00 in a research note on Monday, November 4th. JMP Securities reiterated a “market perform” rating on shares of Peloton Interactive in a research report on Thursday, October 3rd. Telsey Advisory Group lifted their target price on shares of Peloton Interactive from $5.00 to $9.00 and gave the stock a “market perform” rating in a research note on Friday, November 1st. BMO Capital Markets increased their price target on shares of Peloton Interactive from $6.50 to $8.50 and gave the company a “market perform” rating in a research report on Monday, November 4th. Finally, Roth Mkm boosted their price objective on shares of Peloton Interactive from $5.00 to $6.00 and gave the company a “buy” rating in a research report on Friday, August 23rd. Fifteen investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $6.75.

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.