Insider Selling: Peloton Interactive, Inc. (NASDAQ:PTON) CFO Sells 170,819 Shares of Stock

Peloton Interactive, Inc. (NASDAQ:PTON) CFO Elizabeth F. Coddington sold 170,819 shares of the firm’s stock in a transaction on 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 transaction, the chief financial officer now directly owns 275,212 shares of the company’s stock, valued at approximately $2,647,539.44. This represents a 38.30 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

Peloton Interactive Price Performance

Shares of PTON opened at $9.05 on Friday. The stock has a 50-day moving average of $8.87 and a 200-day moving average of $7.00. The company has a market cap of $3.53 billion, a PE ratio of -11.75 and a beta of 1.95. Peloton Interactive, Inc. has a one year low of $2.70 and a one year high of $10.90.

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

Analysts Set New Price Targets

Several research analysts recently issued reports on PTON shares. Argus raised Peloton Interactive from a “hold” rating to a “buy” rating and set a $15.00 target price for the company in a research report on Tuesday, February 11th. Citigroup decreased their price target on Peloton Interactive from $11.00 to $10.00 and set a “neutral” rating for the company in a report on Monday, February 10th. Telsey Advisory Group reiterated a “market perform” rating and set a $11.00 price target on shares of Peloton Interactive in a report on Monday, February 3rd. JMP Securities reiterated a “market perform” rating on shares of Peloton Interactive in a report on Friday, February 7th. Finally, Needham & Company LLC reiterated a “hold” rating on shares of Peloton Interactive in a report on Thursday, February 6th. Sixteen equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, Peloton Interactive currently has a consensus rating of “Hold” and a consensus price target of $8.38.

Hedge Funds Weigh In On Peloton Interactive

A number of hedge funds have recently added to or reduced their stakes in PTON. R Squared Ltd acquired a new position in Peloton Interactive during the 4th quarter valued at about $28,000. Point72 Asia Singapore Pte. Ltd. boosted its stake in Peloton Interactive by 31.9% during the 3rd quarter. Point72 Asia Singapore Pte. Ltd. now owns 6,605 shares of the company’s stock valued at $31,000 after purchasing an additional 1,597 shares during the last quarter. Russell Investments Group Ltd. boosted its stake in Peloton Interactive by 969.6% during the 4th quarter. Russell Investments Group Ltd. now owns 4,011 shares of the company’s stock valued at $35,000 after purchasing an additional 3,636 shares during the last quarter. Verdence Capital Advisors LLC acquired a new position in Peloton Interactive during the 3rd quarter valued at about $52,000. Finally, Comerica Bank boosted its stake in Peloton Interactive by 29.1% during the 4th quarter. Comerica Bank now owns 6,164 shares of the company’s stock valued at $54,000 after purchasing an additional 1,389 shares during the last quarter. Institutional investors and hedge funds own 77.01% of the company’s stock.

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.