Peloton Interactive, Inc. (NASDAQ:PTON) Insider Sells $452,910.93 in Stock

Peloton Interactive, Inc. (NASDAQ:PTON) insider Nick V. Caldwell sold 68,727 shares of the stock in a transaction that occurred on Monday, March 17th. The stock was sold at an average price of $6.59, for a total value of $452,910.93. Following the sale, the insider now owns 474,234 shares in the company, valued at $3,125,202.06. The trade was a 12.66 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link.

Peloton Interactive Stock Performance

Shares of NASDAQ:PTON traded down $0.13 during midday trading on Tuesday, hitting $6.46. 16,245,529 shares of the stock were exchanged, compared to its average volume of 15,822,443. Peloton Interactive, Inc. has a 52-week low of $2.70 and a 52-week high of $10.90. The business’s fifty day simple moving average is $8.07 and its two-hundred day simple moving average is $7.46. The company has a market capitalization of $2.52 billion, a PE ratio of -8.39 and a beta of 1.95.

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). As a group, equities analysts anticipate that Peloton Interactive, Inc. will post -0.36 EPS for the current year.

Wall Street Analyst Weigh In

Several research firms recently commented on PTON. UBS Group upgraded Peloton Interactive from a “sell” rating to a “neutral” rating and raised their target price for the company from $2.50 to $10.00 in a research report on Friday, December 6th. Macquarie reaffirmed a “neutral” rating and set a $9.00 price target on shares of Peloton Interactive in a research note on Monday, February 10th. Telsey Advisory Group reaffirmed a “market perform” rating and set a $11.00 price target on shares of Peloton Interactive in a research note on Monday, February 3rd. Canaccord Genuity Group raised Peloton Interactive from a “hold” rating to a “buy” rating and set a $10.00 price objective for the company in a research note on Friday. Finally, Argus upgraded Peloton Interactive from a “hold” rating to a “buy” rating and set a $15.00 target price for the company in a report on Tuesday, February 11th. Fifteen investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $8.69.

Hedge Funds Weigh In On Peloton Interactive

Several institutional investors have recently bought and sold shares of the stock. Townsquare Capital LLC raised its holdings in Peloton Interactive by 6.5% during the fourth quarter. Townsquare Capital LLC now owns 19,280 shares of the company’s stock valued at $168,000 after buying an additional 1,172 shares in the last quarter. PDT Partners LLC raised its holdings in Peloton Interactive by 0.7% during the third quarter. PDT Partners LLC now owns 205,573 shares of the company’s stock valued at $962,000 after buying an additional 1,373 shares in the last quarter. Comerica Bank grew its position in shares of Peloton Interactive by 29.1% in the fourth quarter. Comerica Bank now owns 6,164 shares of the company’s stock valued at $54,000 after purchasing an additional 1,389 shares during the last quarter. Cetera Investment Advisers grew its position in shares of Peloton Interactive by 9.1% in the fourth quarter. Cetera Investment Advisers now owns 17,144 shares of the company’s stock valued at $149,000 after purchasing an additional 1,432 shares during the last quarter. Finally, Victory Capital Management Inc. grew its position in shares of Peloton Interactive by 3.8% in the fourth quarter. Victory Capital Management Inc. now owns 42,084 shares of the company’s stock valued at $366,000 after purchasing an additional 1,534 shares during the last quarter. 77.01% of the stock is currently owned by institutional investors.

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.