Peloton Interactive, Inc. (NASDAQ:PTON) Insider Sells $1,207,685.10 in Stock

Peloton Interactive, Inc. (NASDAQ:PTON) insider Jennifer Cunningham Cotter sold 187,238 shares of the business’s stock in a transaction on Thursday, March 6th. The stock was sold at an average price of $6.45, for a total transaction of $1,207,685.10. Following the completion of the sale, the insider now owns 100,269 shares in the company, valued at approximately $646,735.05. The trade was a 65.12 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

Jennifer Cunningham Cotter also recently made the following trade(s):

• On Thursday, February 20th, Jennifer Cunningham Cotter sold 47,457 shares of Peloton Interactive stock. The stock was sold at an average price of $9.11, for a total value of $432,333.27.

Peloton Interactive Trading Down 1.9 %

Shares of PTON traded down $0.12 during midday trading on Friday, reaching $6.21. 22,424,311 shares of the stock were exchanged, compared to its average volume of 15,641,455. The company’s 50 day moving average is $8.45 and its two-hundred day moving average is $7.32. Peloton Interactive, Inc. has a 52 week low of $2.70 and a 52 week high of $10.90. The company has a market capitalization of $2.42 billion, a P/E ratio of -8.06 and a beta of 1.95.

Peloton Interactive (NASDAQ:PTON) last issued its quarterly earnings data 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 expect that Peloton Interactive, Inc. will post -0.36 EPS for the current year.

Institutional Investors Weigh In On Peloton Interactive

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in PTON. Connor Clark & Lunn Investment Management Ltd. acquired a new stake in Peloton Interactive in the 3rd quarter worth approximately $5,724,000. Gtcr LLC acquired a new stake in shares of Peloton Interactive during the third quarter worth $65,520,000. Two Sigma Advisers LP grew its holdings in shares of Peloton Interactive by 2.9% during the third quarter. Two Sigma Advisers LP now owns 7,440,900 shares of the company’s stock valued at $34,823,000 after buying an additional 206,500 shares during the last quarter. Versor Investments LP acquired a new position in shares of Peloton Interactive in the 3rd quarter valued at $415,000. Finally, Y Intercept Hong Kong Ltd purchased a new position in Peloton Interactive in the 4th quarter worth $360,000. 77.01% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on PTON. Macquarie reaffirmed a “neutral” rating and issued a $9.00 price objective on shares of Peloton Interactive in a research note on Monday, February 10th. Needham & Company LLC restated a “hold” rating on shares of Peloton Interactive in a research report on Thursday, February 6th. Argus upgraded shares of Peloton Interactive from a “hold” rating to a “buy” rating and set a $15.00 price objective for the company in a research report on Tuesday, February 11th. The Goldman Sachs Group boosted their target price on shares of Peloton Interactive from $8.00 to $10.00 and gave the stock a “neutral” rating in a report on Monday, February 10th. Finally, Citigroup lowered their price target on shares of Peloton Interactive from $11.00 to $10.00 and set a “neutral” rating for the company in a report on Monday, February 10th. Sixteen equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, the stock 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.