Peloton Interactive, Inc. (NASDAQ:PTON) Insider Sells $432,333.27 in Stock

Peloton Interactive, Inc. (NASDAQ:PTON) insider Jennifer Cunningham Cotter sold 47,457 shares of the stock in a transaction dated Thursday, February 20th. The shares were sold at an average price of $9.11, for a total transaction of $432,333.27. Following the completion of the transaction, the insider now directly owns 287,507 shares of the company’s stock, valued at approximately $2,619,188.77. This trade represents a 14.17 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link.

Peloton Interactive Stock Performance

PTON stock opened at $8.56 on Monday. The stock has a market capitalization of $3.34 billion, a P/E ratio of -11.12 and a beta of 1.95. The company has a 50 day moving average price of $8.85 and a two-hundred day moving average price of $7.10. Peloton Interactive, Inc. has a one year low of $2.70 and a one year high of $10.90.

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

Hedge Funds Weigh In On Peloton Interactive

Hedge funds and other institutional investors have recently made changes to their positions in the business. R Squared Ltd acquired a new position in shares of Peloton Interactive during the 4th quarter valued at $28,000. Point72 Asia Singapore Pte. Ltd. lifted its holdings in shares of Peloton Interactive by 31.9% during the 3rd quarter. Point72 Asia Singapore Pte. Ltd. now owns 6,605 shares of the company’s stock valued at $31,000 after acquiring an additional 1,597 shares in the last quarter. Russell Investments Group Ltd. increased its stake in Peloton Interactive by 969.6% during the 4th quarter. Russell Investments Group Ltd. now owns 4,011 shares of the company’s stock worth $35,000 after buying an additional 3,636 shares during the period. Verdence Capital Advisors LLC purchased a new stake in Peloton Interactive during the 3rd quarter worth $52,000. Finally, Comerica Bank increased its stake in Peloton Interactive by 29.1% during the 4th quarter. Comerica Bank now owns 6,164 shares of the company’s stock worth $54,000 after buying an additional 1,389 shares during the period. Institutional investors and hedge funds own 77.01% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have issued reports on the stock. Bank of America raised shares of Peloton Interactive from an “underperform” rating to a “buy” rating and increased their target price for the company from $3.75 to $9.00 in a report on Monday, November 4th. UBS Group raised shares of Peloton Interactive from a “sell” rating to a “neutral” rating and raised their price objective for the stock from $2.50 to $10.00 in a research note on Friday, December 6th. Citigroup dropped their price objective on shares of Peloton Interactive from $11.00 to $10.00 and set a “neutral” rating for the company in a research note on Monday, February 10th. Macquarie reissued a “neutral” rating and set a $9.00 price objective on shares of Peloton Interactive in a research note on Monday, February 10th. Finally, Telsey Advisory Group reissued a “market perform” rating and set a $11.00 price objective on shares of Peloton Interactive in a research note on Monday, February 3rd. Sixteen equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $8.38.

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.