Peloton Interactive, Inc. (NASDAQ:PTON) Insider Sells $1,162,763.82 in Stock

Peloton Interactive, Inc. (NASDAQ:PTON) insider Andrew S. Rendich sold 121,883 shares of Peloton Interactive stock in a transaction that occurred on Tuesday, February 18th. The stock was sold at an average price of $9.54, for a total transaction of $1,162,763.82. Following the sale, the insider now owns 404,188 shares in the company, valued at approximately $3,855,953.52. This represents a 23.17 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Peloton Interactive Stock Up 1.7 %

Peloton Interactive stock traded up $0.16 during trading on Wednesday, hitting $9.79. The stock had a trading volume of 12,452,433 shares, compared to its average volume of 15,103,203. The stock’s 50 day moving average is $8.88 and its two-hundred day moving average is $6.99. Peloton Interactive, Inc. has a 1 year low of $2.70 and a 1 year high of $10.90. The stock has a market cap of $3.82 billion, a price-to-earnings ratio of -12.71 and a beta of 1.95.

Peloton Interactive (NASDAQ:PTON) last issued its quarterly earnings results on Thursday, February 6th. The company reported ($0.24) EPS for the quarter, missing analysts’ consensus estimates of ($0.20) by ($0.04). As a group, equities research analysts anticipate that Peloton Interactive, Inc. will post -0.37 EPS for the current fiscal year.

Hedge Funds Weigh In On Peloton Interactive

Several large investors have recently modified their holdings of the business. R Squared Ltd bought a new position in Peloton Interactive in the 4th quarter worth approximately $28,000. Russell Investments Group Ltd. lifted its position in shares of Peloton Interactive by 969.6% during the fourth quarter. Russell Investments Group Ltd. now owns 4,011 shares of the company’s stock worth $35,000 after acquiring an additional 3,636 shares in the last quarter. Comerica Bank grew its position in shares of Peloton Interactive by 29.1% in the fourth quarter. Comerica Bank now owns 6,164 shares of the company’s stock valued at $54,000 after purchasing an additional 1,389 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. grew its position in shares of Peloton Interactive by 31.9% in 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 in the last quarter. Finally, SBI Securities Co. Ltd. bought a new stake in shares of Peloton Interactive during the 4th quarter valued at $69,000. Hedge funds and other institutional investors own 77.01% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on the stock. JMP Securities reiterated a “market perform” rating on shares of Peloton Interactive in a report on Friday, February 7th. The Goldman Sachs Group upped their price target on Peloton Interactive from $8.00 to $10.00 and gave the company a “neutral” rating in a research report on Monday, February 10th. UBS Group upgraded Peloton Interactive from a “sell” rating to a “neutral” rating and raised their price objective for the stock from $2.50 to $10.00 in a research report on Friday, December 6th. Macquarie reiterated a “neutral” rating and issued a $9.00 target price on shares of Peloton Interactive in a report on Monday, February 10th. Finally, Sanford C. Bernstein raised their price target on shares of Peloton Interactive from $4.25 to $6.50 and gave the stock a “market perform” rating in a report on Friday, November 1st. 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 a consensus rating of “Hold” and an average target price 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.