Insider Selling: Peloton Interactive, Inc. (NASDAQ:PTON) Insider Sells 121,883 Shares of Stock

Peloton Interactive, Inc. (NASDAQ:PTON) insider Andrew S. Rendich sold 121,883 shares of the business’s stock in a transaction that occurred on Tuesday, February 18th. The stock was sold at an average price of $9.54, for a total value of $1,162,763.82. Following the completion of the sale, the insider now directly owns 404,188 shares in the company, 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 filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Peloton Interactive Stock Performance

Peloton Interactive stock opened at $9.79 on Thursday. Peloton Interactive, Inc. has a one year low of $2.70 and a one year high of $10.90. The stock has a fifty day moving average of $8.88 and a 200 day moving average of $6.99. The stock has a market cap of $3.82 billion, a PE ratio of -12.71 and a beta of 1.95.

Peloton Interactive (NASDAQ:PTON) last released 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). As a group, sell-side analysts predict that Peloton Interactive, Inc. will post -0.37 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several research firms have commented on PTON. Telsey Advisory Group reissued a “market perform” rating and issued a $11.00 target price on shares of Peloton Interactive in a report on Monday, February 3rd. Sanford C. Bernstein upped their price target on shares of Peloton Interactive from $4.25 to $6.50 and gave the stock a “market perform” rating in a research note on Friday, November 1st. Argus upgraded shares of Peloton Interactive from a “hold” rating to a “buy” rating and set a $15.00 price objective for the company in a research note on Tuesday, February 11th. JMP Securities reiterated a “market perform” rating on shares of Peloton Interactive in a research note on Friday, February 7th. Finally, Robert W. Baird raised their price target on shares of Peloton Interactive from $4.75 to $8.00 and gave the company a “neutral” rating in a research report on Friday, November 1st. Sixteen equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $8.38.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the business. Townsquare Capital LLC increased its stake in shares of Peloton Interactive by 6.5% in the 4th quarter. Townsquare Capital LLC now owns 19,280 shares of the company’s stock worth $168,000 after purchasing an additional 1,172 shares in the last quarter. PDT Partners LLC increased its position in Peloton Interactive by 0.7% in the third quarter. PDT Partners LLC now owns 205,573 shares of the company’s stock worth $962,000 after buying an additional 1,373 shares in the last quarter. Comerica Bank raised its stake in shares of Peloton Interactive by 29.1% in the fourth 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. Cetera Investment Advisers lifted its position in shares of Peloton Interactive by 9.1% during the 4th quarter. Cetera Investment Advisers now owns 17,144 shares of the company’s stock valued at $149,000 after buying an additional 1,432 shares in the last quarter. Finally, Victory Capital Management Inc. grew its stake in shares of Peloton Interactive by 3.8% during the 4th quarter. Victory Capital Management Inc. now owns 42,084 shares of the company’s stock valued at $366,000 after acquiring an additional 1,534 shares during the period. 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.