Peloton Interactive, Inc. (NASDAQ:PTON) CFO Sells $260,571.33 in Stock

Peloton Interactive, Inc. (NASDAQ:PTON) CFO Elizabeth F. Coddington sold 38,151 shares of the firm’s stock in a transaction dated Friday, March 14th. The stock was sold at an average price of $6.83, for a total transaction of $260,571.33. Following the completion of the sale, the chief financial officer now owns 258,880 shares of the company’s stock, valued at $1,768,150.40. This trade represents a 12.84 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

Peloton Interactive Price Performance

Shares of NASDAQ PTON opened at $6.52 on Thursday. Peloton Interactive, Inc. has a 1-year low of $2.70 and a 1-year high of $10.90. The business has a fifty day moving average price of $7.98 and a 200 day moving average price of $7.47. The stock has a market capitalization of $2.54 billion, a P/E ratio of -8.47 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, equities research analysts anticipate that Peloton Interactive, Inc. will post -0.36 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on PTON. Macquarie restated a “neutral” rating and set a $9.00 target price on shares of Peloton Interactive in a research report on Monday, February 10th. The Goldman Sachs Group upped their price objective on Peloton Interactive from $8.00 to $10.00 and gave the company a “neutral” rating in a research report on Monday, February 10th. JMP Securities reiterated a “market perform” rating on shares of Peloton Interactive in a research report on Friday, February 7th. Needham & Company LLC reaffirmed a “hold” rating on shares of Peloton Interactive in a research note on Thursday, February 6th. Finally, Telsey Advisory Group reissued a “market perform” rating and issued a $11.00 price objective on shares of Peloton Interactive in a research report on Monday, February 3rd. Fifteen analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $8.69.

Hedge Funds Weigh In On Peloton Interactive

Several institutional investors and hedge funds have recently bought and sold shares of PTON. Connor Clark & Lunn Investment Management Ltd. acquired a new stake in shares of Peloton Interactive in the 3rd quarter worth $5,724,000. Gtcr LLC purchased a new stake in Peloton Interactive in the third quarter valued at about $65,520,000. Two Sigma Advisers LP boosted its holdings in Peloton Interactive by 2.9% in the third quarter. Two Sigma Advisers LP now owns 7,440,900 shares of the company’s stock worth $34,823,000 after acquiring an additional 206,500 shares in the last quarter. Y Intercept Hong Kong Ltd purchased a new stake in shares of Peloton Interactive during the fourth quarter worth about $360,000. Finally, Rhumbline Advisers increased its holdings in shares of Peloton Interactive by 7.8% during the fourth quarter. Rhumbline Advisers now owns 479,134 shares of the company’s stock valued at $4,168,000 after acquiring an additional 34,514 shares in the last quarter. 77.01% of the stock is owned by hedge funds and other 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.