Peloton Interactive, Inc. (NASDAQ:PTON) Insider Andrew S. Rendich Sells 17,401 Shares

Peloton Interactive, Inc. (NASDAQ:PTON) insider Andrew S. Rendich sold 17,401 shares of the stock in a transaction on Wednesday, February 26th. The stock was sold at an average price of $8.18, for a total value of $142,340.18. Following the sale, the insider now directly owns 362,573 shares of the company’s stock, valued at approximately $2,965,847.14. This represents a 4.58 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

Peloton Interactive Stock Up 1.3 %

Shares of PTON stock opened at $7.53 on Friday. The stock has a market cap of $2.94 billion, a P/E ratio of -9.78 and a beta of 1.95. The business has a fifty day simple moving average of $8.67 and a 200-day simple moving average of $7.22. Peloton Interactive, Inc. has a fifty-two week low of $2.70 and a fifty-two week high of $10.90.

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

Institutional Trading of Peloton Interactive

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Carolinas Wealth Consulting LLC purchased a new stake in Peloton Interactive during the 4th quarter worth about $87,000. Garde Capital Inc. increased its position in Peloton Interactive by 96.0% during the 4th quarter. Garde Capital Inc. now owns 459,427 shares of the company’s stock worth $3,997,000 after purchasing an additional 225,000 shares in the last quarter. Mackenzie Financial Corp increased its position in Peloton Interactive by 497.8% during the 4th quarter. Mackenzie Financial Corp now owns 128,810 shares of the company’s stock worth $1,121,000 after purchasing an additional 107,264 shares in the last quarter. Castleark Management LLC acquired a new stake in Peloton Interactive in the 4th quarter worth about $3,507,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in Peloton Interactive by 20.1% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 598,087 shares of the company’s stock worth $5,203,000 after buying an additional 100,299 shares during the last quarter. Hedge funds and other institutional investors own 77.01% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have commented on the company. Macquarie reissued a “neutral” rating and issued a $9.00 target price on shares of Peloton Interactive in a report on Monday, February 10th. JMP Securities reissued a “market perform” rating on shares of Peloton Interactive in a report on Friday, February 7th. JPMorgan Chase & Co. raised their target price on Peloton Interactive from $5.00 to $7.00 and gave the company a “neutral” rating in a 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 company from $2.50 to $10.00 in a report on Friday, December 6th. Finally, BMO Capital Markets raised their target price on Peloton Interactive from $6.50 to $8.50 and gave the company a “market perform” rating in a report on Monday, November 4th. Sixteen research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat, Peloton Interactive currently has an average rating of “Hold” and a consensus price target of $8.38.

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.