Peloton Interactive, Inc. (NASDAQ:PTON) Insider Jennifer Cunningham Cotter Sells 47,457 Shares

Peloton Interactive, Inc. (NASDAQ:PTON) insider Jennifer Cunningham Cotter sold 47,457 shares of Peloton Interactive stock in a transaction that occurred on Thursday, February 20th. The stock was sold at an average price of $9.11, for a total transaction of $432,333.27. Following the completion of the sale, the insider now owns 287,507 shares of the company’s stock, valued at $2,619,188.77. This represents a 14.17 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Peloton Interactive Trading Down 5.4 %

Peloton Interactive stock opened at $8.56 on Friday. Peloton Interactive, Inc. has a 12-month low of $2.70 and a 12-month high of $10.90. The firm has a 50-day moving average price of $8.85 and a 200-day moving average price of $7.07. The firm has a market capitalization of $3.34 billion, a PE ratio of -11.12 and a beta of 1.95.

Peloton Interactive (NASDAQ:PTON) last announced its quarterly earnings data on Thursday, February 6th. The company reported ($0.24) earnings per share (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 -0.36 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on PTON shares. The Goldman Sachs Group lifted their target price on shares of Peloton Interactive from $8.00 to $10.00 and gave the stock a “neutral” rating in a research report on Monday, February 10th. Needham & Company LLC reaffirmed a “hold” rating on shares of Peloton Interactive in a report on Thursday, February 6th. Truist Financial upped their price objective on Peloton Interactive from $6.00 to $10.00 and gave the company a “hold” rating in a research report on Friday, November 1st. UBS Group raised Peloton Interactive from a “sell” rating to a “neutral” rating and raised their target price for the stock from $2.50 to $10.00 in a research report on Friday, December 6th. Finally, Morgan Stanley upped their price target on shares of Peloton Interactive from $3.50 to $5.00 and gave the company an “equal weight” rating in a research report on Friday, November 1st. Sixteen analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $8.38.

Institutional Investors Weigh In On Peloton Interactive

A number of institutional investors and hedge funds have recently modified their holdings of PTON. Townsquare Capital LLC increased its stake in Peloton Interactive by 6.5% in the fourth quarter. Townsquare Capital LLC now owns 19,280 shares of the company’s stock worth $168,000 after purchasing an additional 1,172 shares during the period. PDT Partners LLC grew its holdings in shares of 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 purchasing an additional 1,373 shares during the last quarter. Comerica Bank increased its stake in Peloton Interactive by 29.1% in the 4th 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 holdings in 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. boosted its position in Peloton Interactive by 3.8% in the 4th quarter. Victory Capital Management Inc. now owns 42,084 shares of the company’s stock valued at $366,000 after buying an additional 1,534 shares during the period. 77.01% of the stock is 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.