Insider Selling: Peloton Interactive, Inc. (NASDAQ:PTON) CFO Sells 38,151 Shares of Stock

Peloton Interactive, Inc. (NASDAQ:PTON) CFO Elizabeth F. Coddington sold 38,151 shares of the 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 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 sale was disclosed in a document filed with the SEC, which is accessible through this link.

Peloton Interactive Trading Down 2.0 %

Shares of Peloton Interactive stock opened at $6.46 on Wednesday. Peloton Interactive, Inc. has a 12-month low of $2.70 and a 12-month high of $10.90. The stock has a market cap of $2.52 billion, a PE ratio of -8.39 and a beta of 1.95. The company has a 50-day moving average of $8.02 and a two-hundred day moving average of $7.47.

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

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. Townsquare Capital LLC boosted its position in Peloton Interactive by 6.5% during the fourth quarter. Townsquare Capital LLC now owns 19,280 shares of the company’s stock worth $168,000 after acquiring an additional 1,172 shares during the last quarter. PDT Partners LLC boosted its position in Peloton Interactive by 0.7% during the third quarter. PDT Partners LLC now owns 205,573 shares of the company’s stock worth $962,000 after acquiring an additional 1,373 shares during the last quarter. Comerica Bank boosted its position in Peloton Interactive by 29.1% during the fourth quarter. Comerica Bank now owns 6,164 shares of the company’s stock worth $54,000 after acquiring an additional 1,389 shares during the last quarter. Cetera Investment Advisers boosted its position in Peloton Interactive by 9.1% during the fourth quarter. Cetera Investment Advisers now owns 17,144 shares of the company’s stock worth $149,000 after acquiring an additional 1,432 shares during the last quarter. Finally, Victory Capital Management Inc. boosted its position in Peloton Interactive by 3.8% during the fourth quarter. Victory Capital Management Inc. now owns 42,084 shares of the company’s stock worth $366,000 after acquiring an additional 1,534 shares during the last quarter. 77.01% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on PTON shares. JMP Securities reiterated a “market perform” rating on shares of Peloton Interactive in a research note on Friday, February 7th. Argus upgraded shares of Peloton Interactive from a “hold” rating to a “buy” rating and set a $15.00 target price for the company in a research note on Tuesday, February 11th. Telsey Advisory Group reiterated a “market perform” rating and set a $11.00 target price on shares of Peloton Interactive in a research note on Monday, February 3rd. Canaccord Genuity Group upgraded shares of Peloton Interactive from a “hold” rating to a “buy” rating and set a $10.00 target price for the company in a research note on Friday, March 14th. Finally, Needham & Company LLC reiterated a “hold” rating on shares of Peloton Interactive in a research note on Thursday, February 6th. Fifteen investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $8.69.

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.