Peloton Interactive, Inc. (NASDAQ:PTON) CFO Elizabeth F. Coddington Sells 170,819 Shares

Peloton Interactive, Inc. (NASDAQ:PTON) CFO Elizabeth F. Coddington sold 170,819 shares of Peloton Interactive stock in a transaction that occurred on Tuesday, February 18th. The shares were sold at an average price of $9.62, for a total value of $1,643,278.78. Following the sale, the chief financial officer now directly owns 275,212 shares in the company, valued at $2,647,539.44. The trade was a 38.30 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link.

Peloton Interactive Stock Up 1.7 %

Shares of PTON stock opened at $9.79 on Thursday. The firm has a market cap of $3.82 billion, a price-to-earnings ratio of -12.71 and a beta of 1.95. Peloton Interactive, Inc. has a 12 month low of $2.70 and a 12 month high of $10.90. The stock has a 50-day moving average price of $8.88 and a 200 day moving average price of $6.99.

Peloton Interactive (NASDAQ:PTON) last issued its quarterly earnings results on Thursday, February 6th. The company reported ($0.24) EPS for the quarter, missing the consensus estimate of ($0.20) by ($0.04). Sell-side analysts predict that Peloton Interactive, Inc. will post -0.37 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the stock. Vanguard Group Inc. increased its holdings in Peloton Interactive by 4.9% in the fourth quarter. Vanguard Group Inc. now owns 35,059,790 shares of the company’s stock valued at $305,020,000 after purchasing an additional 1,645,640 shares during the last quarter. T. Rowe Price Investment Management Inc. grew its position in shares of Peloton Interactive by 38.0% during the 4th quarter. T. Rowe Price Investment Management Inc. now owns 16,820,256 shares of the company’s stock worth $146,337,000 after buying an additional 4,635,667 shares during the period. Gtcr LLC bought a new stake in shares of Peloton Interactive in the 3rd quarter valued at about $65,520,000. DME Capital Management LP boosted its stake in Peloton Interactive by 10.4% during the 4th quarter. DME Capital Management LP now owns 10,522,687 shares of the company’s stock worth $91,547,000 after acquiring an additional 992,797 shares during the last quarter. Finally, Hennessy Advisors Inc. acquired a new position in Peloton Interactive during the fourth quarter valued at approximately $85,260,000. Institutional investors and hedge funds own 77.01% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts recently commented on PTON shares. Telsey Advisory Group restated a “market perform” rating and set a $11.00 target price on shares of Peloton Interactive in a research report on Monday, February 3rd. Argus upgraded shares of Peloton Interactive from a “hold” rating to a “buy” rating and set a $15.00 target price on the stock in a research note on Tuesday, February 11th. Needham & Company LLC reiterated a “hold” rating on shares of Peloton Interactive in a research report on Thursday, February 6th. Morgan Stanley boosted their price target on shares of Peloton Interactive from $3.50 to $5.00 and gave the company an “equal weight” rating in a research report on Friday, November 1st. Finally, Robert W. Baird raised their price objective on shares of Peloton Interactive from $4.75 to $8.00 and gave the stock a “neutral” rating in a report on Friday, November 1st. Sixteen research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, Peloton Interactive currently 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.