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 Peloton Interactive stock in a transaction that occurred 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 transaction, the insider now directly owns 362,573 shares in the company, valued at approximately $2,965,847.14. This trade represents a 4.58 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

Peloton Interactive Stock Down 5.7 %

Shares of Peloton Interactive stock opened at $7.43 on Friday. Peloton Interactive, Inc. has a 12-month low of $2.70 and a 12-month high of $10.90. The firm has a market capitalization of $2.90 billion, a PE ratio of -9.65 and a beta of 1.95. The stock’s fifty day moving average is $8.71 and its 200-day moving average is $7.18.

Peloton Interactive (NASDAQ:PTON) last announced its earnings results on Thursday, February 6th. The company reported ($0.24) EPS for the quarter, missing the consensus estimate of ($0.20) by ($0.04). Analysts expect that Peloton Interactive, Inc. will post -0.36 EPS for the current year.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on PTON shares. JPMorgan Chase & Co. increased their target price on Peloton Interactive from $5.00 to $7.00 and gave the company a “neutral” rating in a research note on Friday, November 1st. Citigroup decreased 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. Morgan Stanley lifted their target price on Peloton Interactive from $3.50 to $5.00 and gave the stock an “equal weight” rating in a research report on Friday, November 1st. Sanford C. Bernstein lifted their price objective 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. Finally, Bank of America upgraded Peloton Interactive from an “underperform” rating to a “buy” rating and upped their price objective for the stock from $3.75 to $9.00 in a research note on Monday, November 4th. Sixteen equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $8.38.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. R Squared Ltd purchased a new stake in Peloton Interactive in the 4th quarter worth about $28,000. Point72 Asia Singapore Pte. Ltd. boosted its holdings in shares of Peloton Interactive by 31.9% during the third quarter. Point72 Asia Singapore Pte. Ltd. now owns 6,605 shares of the company’s stock worth $31,000 after purchasing an additional 1,597 shares during the period. Russell Investments Group Ltd. grew its position in Peloton Interactive by 969.6% during the fourth quarter. Russell Investments Group Ltd. now owns 4,011 shares of the company’s stock valued at $35,000 after purchasing an additional 3,636 shares in the last quarter. Verdence Capital Advisors LLC acquired a new position in Peloton Interactive in the 3rd quarter valued at approximately $52,000. Finally, Comerica Bank lifted its position in Peloton Interactive by 29.1% in the 4th quarter. Comerica Bank now owns 6,164 shares of the company’s stock worth $54,000 after buying an additional 1,389 shares in the last quarter. Hedge funds and other institutional investors own 77.01% of the company’s stock.

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.