Elizabeth F. Coddington Sells 186,462 Shares of Peloton Interactive, Inc. (NASDAQ:PTON) Stock

Peloton Interactive, Inc. (NASDAQ:PTON) CFO Elizabeth F. Coddington sold 186,462 shares of the business’s stock in a transaction that occurred on Monday, November 18th. The shares were sold at an average price of $7.58, for a total value of $1,413,381.96. Following the sale, the chief financial officer now owns 223,017 shares in the company, valued at approximately $1,690,468.86. This represents a 45.54 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this link.

Peloton Interactive Price Performance

Shares of Peloton Interactive stock opened at $8.36 on Thursday. Peloton Interactive, Inc. has a 1 year low of $2.70 and a 1 year high of $8.97. The business has a 50-day moving average of $6.01 and a two-hundred day moving average of $4.51. The company has a market capitalization of $3.19 billion, a P/E ratio of -7.81 and a beta of 1.93.

Peloton Interactive (NASDAQ:PTON) last posted its quarterly earnings data on Thursday, October 31st. The company reported ($0.16) earnings per share for the quarter, missing the consensus estimate of ($0.15) by ($0.01). The firm had revenue of $586.00 million during the quarter, compared to the consensus estimate of $572.97 million. Peloton Interactive’s revenue for the quarter was down 1.6% compared to the same quarter last year. During the same period in the prior year, the company earned ($0.44) earnings per share. On average, equities analysts anticipate that Peloton Interactive, Inc. will post -0.38 EPS for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the company. Mercer Global Advisors Inc. ADV acquired a new position in Peloton Interactive during the second quarter valued at approximately $27,000. Skylands Capital LLC acquired a new position in Peloton Interactive during the second quarter valued at approximately $30,000. Point72 Asia Singapore Pte. Ltd. boosted its position in Peloton Interactive by 31.9% during the third 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. Nisa Investment Advisors LLC boosted its position in Peloton Interactive by 1,836.7% during the second quarter. Nisa Investment Advisors LLC now owns 9,490 shares of the company’s stock valued at $32,000 after purchasing an additional 9,000 shares during the last quarter. Finally, Schneider Downs Wealth Management Advisors LP acquired a new position in Peloton Interactive during the second quarter valued at approximately $35,000. 77.01% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several analysts recently commented on PTON shares. JMP Securities reaffirmed a “market perform” rating on shares of Peloton Interactive in a research note on Thursday, October 3rd. TD Cowen boosted their price target on Peloton Interactive from $3.00 to $4.00 and gave the company a “hold” rating in a research note on Friday, August 23rd. Needham & Company LLC reaffirmed a “hold” rating on shares of Peloton Interactive in a research note on Friday, November 1st. Sanford C. Bernstein boosted their price target on Peloton Interactive from $4.25 to $6.50 and gave the company a “market perform” rating in a research note on Friday, November 1st. Finally, Roth Mkm boosted their price target on Peloton Interactive from $5.00 to $6.00 and gave the company a “buy” rating in a research note on Friday, August 23rd. Fifteen investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $6.75.

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.