Peloton Interactive, Inc. (NASDAQ:PTON) Insider Sells $1,162,763.82 in Stock

Peloton Interactive, Inc. (NASDAQ:PTON) insider Andrew S. Rendich sold 121,883 shares of Peloton Interactive stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $9.54, for a total transaction of $1,162,763.82. Following the sale, the insider now owns 404,188 shares of the company’s stock, valued at approximately $3,855,953.52. This represents a 23.17 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Peloton Interactive Trading Down 5.4 %

Shares of PTON opened at $8.56 on Friday. The firm has a market capitalization of $3.34 billion, a price-to-earnings ratio of -11.12 and a beta of 1.95. The firm’s fifty day simple moving average is $8.85 and its 200-day simple moving average is $7.04. Peloton Interactive, Inc. has a twelve month low of $2.70 and a twelve month high of $10.90.

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

Institutional Investors Weigh In On Peloton Interactive

Institutional investors have recently added to or reduced their stakes in the business. Gtcr LLC purchased a new position in Peloton Interactive in the third quarter valued at approximately $65,520,000. Hennessy Advisors Inc. acquired a new position in shares of Peloton Interactive in the 4th quarter valued at $85,260,000. T. Rowe Price Investment Management Inc. grew its position in shares of Peloton Interactive by 38.0% in the 4th quarter. T. Rowe Price Investment Management Inc. now owns 16,820,256 shares of the company’s stock valued at $146,337,000 after buying an additional 4,635,667 shares during the last quarter. Assenagon Asset Management S.A. acquired a new stake in Peloton Interactive during the 4th quarter worth $39,992,000. Finally, Connor Clark & Lunn Investment Management Ltd. lifted its position in Peloton Interactive by 245.7% in the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 4,227,854 shares of the company’s stock valued at $36,782,000 after acquiring an additional 3,004,757 shares during the last quarter. Hedge funds and other institutional investors own 77.01% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts recently weighed in on PTON shares. JPMorgan Chase & Co. lifted their target price on shares of Peloton Interactive from $5.00 to $7.00 and gave the company a “neutral” rating in a report on Friday, November 1st. JMP Securities reaffirmed a “market perform” rating on shares of Peloton Interactive in a research note on Friday, February 7th. Citigroup decreased their target price on Peloton Interactive from $11.00 to $10.00 and set a “neutral” rating on the stock in a research note on Monday, February 10th. Sanford C. Bernstein lifted their target price on Peloton Interactive from $4.25 to $6.50 and gave the company a “market perform” rating in a research report on Friday, November 1st. Finally, BMO Capital Markets boosted their price target on shares of Peloton Interactive from $6.50 to $8.50 and gave the stock a “market perform” rating in a research note on Monday, November 4th. Sixteen investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat, Peloton Interactive presently has an average rating of “Hold” and a consensus target price 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.