Peloton Interactive, Inc. (NASDAQ:PTON) Insider Sells $142,340.18 in Stock

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

Peloton Interactive Stock Up 1.3 %

Shares of PTON opened at $7.53 on Friday. The company has a 50-day simple moving average of $8.67 and a 200-day simple moving average of $7.25. The company has a market capitalization of $2.94 billion, a PE ratio of -9.78 and a beta of 1.95. Peloton Interactive, Inc. has a 52-week low of $2.70 and a 52-week high of $10.90.

Peloton Interactive (NASDAQ:PTON) last announced its quarterly earnings results on Thursday, February 6th. The company reported ($0.24) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.20) by ($0.04). On average, research analysts anticipate that Peloton Interactive, Inc. will post -0.36 EPS for the current year.

Hedge Funds Weigh In On Peloton Interactive

Several hedge funds have recently added to or reduced their stakes in PTON. Gtcr LLC purchased a new position in Peloton Interactive during the 3rd quarter valued at about $65,520,000. Hennessy Advisors Inc. purchased a new position in Peloton Interactive during the 4th quarter valued at about $85,260,000. T. Rowe Price Investment Management Inc. increased its holdings in Peloton Interactive by 38.0% during the 4th quarter. T. Rowe Price Investment Management Inc. now owns 16,820,256 shares of the company’s stock valued at $146,337,000 after acquiring an additional 4,635,667 shares in the last quarter. Assenagon Asset Management S.A. purchased a new position in Peloton Interactive during the 4th quarter valued at about $39,992,000. Finally, Connor Clark & Lunn Investment Management Ltd. increased its holdings in Peloton Interactive by 245.7% during the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 4,227,854 shares of the company’s stock valued at $36,782,000 after acquiring an additional 3,004,757 shares in the last quarter. 77.01% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research firms recently commented on PTON. Citigroup reduced their price target on shares of Peloton Interactive from $11.00 to $10.00 and set a “neutral” rating for the company in a research report on Monday, February 10th. Macquarie reiterated a “neutral” rating and issued a $9.00 price target on shares of Peloton Interactive in a research report on Monday, February 10th. Argus upgraded shares of Peloton Interactive from a “hold” rating to a “buy” rating and set a $15.00 price target for the company in a research report on Tuesday, February 11th. JMP Securities reiterated a “market perform” rating on shares of Peloton Interactive in a research report on Friday, February 7th. Finally, Telsey Advisory Group reissued a “market perform” rating and issued a $11.00 price objective on shares of Peloton Interactive in a research note on Monday, February 3rd. Sixteen equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat.com, Peloton Interactive presently has a consensus rating of “Hold” and a consensus target price of $8.38.

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.