Elizabeth F. Coddington Sells 170,819 Shares of Peloton Interactive, Inc. (NASDAQ:PTON) Stock

Peloton Interactive, Inc. (NASDAQ:PTON) CFO Elizabeth F. Coddington sold 170,819 shares of the company’s stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $9.62, for a total value of $1,643,278.78. Following the sale, the chief financial officer now owns 275,212 shares in the company, valued at $2,647,539.44. The trade was a 38.30 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.

Peloton Interactive Price Performance

Shares of NASDAQ:PTON opened at $9.05 on Friday. The company has a market capitalization of $3.53 billion, a P/E ratio of -11.75 and a beta of 1.95. Peloton Interactive, Inc. has a 1 year low of $2.70 and a 1 year high of $10.90. The business’s 50 day simple moving average is $8.87 and its 200 day simple moving average is $7.00.

Peloton Interactive (NASDAQ:PTON) last issued its 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, sell-side analysts anticipate that Peloton Interactive, Inc. will post -0.36 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of PTON. Ballentine Partners LLC bought a new position in shares of Peloton Interactive in the 3rd quarter valued at $55,000. Verdence Capital Advisors LLC bought a new position in shares of Peloton Interactive in the 3rd quarter valued at $52,000. Los Angeles Capital Management LLC bought a new position in shares of Peloton Interactive in the 3rd quarter valued at $212,000. Weil Company Inc. bought a new position in shares of Peloton Interactive in the 3rd quarter valued at $77,000. Finally, Versor Investments LP bought a new position in shares of Peloton Interactive in the 3rd quarter valued at $415,000. 77.01% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on PTON. Robert W. Baird upped their price objective on Peloton Interactive from $4.75 to $8.00 and gave the company a “neutral” rating in a research note on Friday, November 1st. JPMorgan Chase & Co. upped their price objective on Peloton Interactive from $5.00 to $7.00 and gave the company a “neutral” rating in a research note on Friday, November 1st. Macquarie restated a “neutral” rating and issued a $9.00 price objective on shares of Peloton Interactive in a research note on Monday, February 10th. JMP Securities restated a “market perform” rating on shares of Peloton Interactive in a research note on Friday, February 7th. Finally, Citigroup dropped their price objective 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. Sixteen analysts have rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $8.38.

About Peloton Interactive

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.