Peloton Interactive, Inc. (NASDAQ:PTON) CFO Sells $174,522.06 in Stock

Peloton Interactive, Inc. (NASDAQ:PTON) CFO Elizabeth F. Coddington sold 36,819 shares of the company’s stock in a transaction on Monday, September 16th. The stock was sold at an average price of $4.74, for a total value of $174,522.06. Following the sale, the chief financial officer now owns 171,466 shares of the company’s stock, valued at approximately $812,748.84. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

Peloton Interactive Trading Down 2.5 %

NASDAQ PTON traded down $0.12 during trading on Tuesday, hitting $4.60. The company had a trading volume of 9,348,274 shares, compared to its average volume of 15,970,659. The company’s fifty day moving average is $3.82 and its 200-day moving average is $3.78. Peloton Interactive, Inc. has a one year low of $2.70 and a one year high of $7.24. The company has a market cap of $1.73 billion, a price-to-earnings ratio of -2.18 and a beta of 2.04.

Peloton Interactive (NASDAQ:PTON) last released its quarterly earnings results on Thursday, August 22nd. The company reported ($0.08) earnings per share for the quarter, beating the consensus estimate of ($0.18) by $0.10. The firm had revenue of $644.00 million for the quarter, compared to the consensus estimate of $633.00 million. The company’s revenue for the quarter was up .3% compared to the same quarter last year. During the same quarter in the prior year, the firm earned ($0.68) earnings per share. As a group, equities analysts anticipate that Peloton Interactive, Inc. will post -0.65 EPS for the current year.

Wall Street Analyst Weigh In

PTON has been the subject of several analyst reports. Telsey Advisory Group increased their target price on shares of Peloton Interactive from $4.00 to $5.00 and gave the company a “market perform” rating in a report on Friday, August 23rd. Canaccord Genuity Group boosted their price objective on Peloton Interactive from $4.00 to $5.00 and gave the company a “hold” rating in a research note on Friday, August 23rd. Morgan Stanley lifted their price target on Peloton Interactive from $2.50 to $3.50 and gave the company an “equal weight” rating in a research report on Friday, August 23rd. JMP Securities reiterated a “market perform” rating on shares of Peloton Interactive in a research report on Tuesday, July 2nd. Finally, Sanford C. Bernstein boosted their price objective on shares of Peloton Interactive from $3.80 to $4.25 and gave the company a “market perform” rating in a research note on Friday, August 23rd. Two equities research analysts have rated the stock with a sell rating, eighteen have assigned a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat, Peloton Interactive currently has a consensus rating of “Hold” and a consensus target price of $4.57.

Hedge Funds Weigh In On Peloton Interactive

Institutional investors and hedge funds have recently modified their holdings of the stock. Cubist Systematic Strategies LLC raised its holdings in Peloton Interactive by 99.8% in the 2nd quarter. Cubist Systematic Strategies LLC now owns 56,208 shares of the company’s stock worth $190,000 after acquiring an additional 28,070 shares during the last quarter. Algert Global LLC bought a new position in shares of Peloton Interactive during the second quarter valued at $113,000. Clearline Capital LP purchased a new stake in shares of Peloton Interactive during the second quarter valued at $7,527,000. Susquehanna Fundamental Investments LLC bought a new stake in Peloton Interactive in the 2nd quarter worth about $190,000. Finally, Select Equity Group L.P. purchased a new position in Peloton Interactive in the 2nd quarter worth about $1,832,000. 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.