Insider Selling: Peloton Interactive, Inc. (NASDAQ:PTON) CFO Sells 36,819 Shares of Stock

Peloton Interactive, Inc. (NASDAQ:PTON) CFO Elizabeth F. Coddington sold 36,819 shares of the firm’s stock in a transaction dated Monday, September 16th. The shares were sold at an average price of $4.74, for a total value of $174,522.06. Following the transaction, the chief financial officer now owns 171,466 shares of the company’s stock, valued at $812,748.84. The sale was disclosed in a document filed with the SEC, which is available through the SEC website.

Peloton Interactive Stock Performance

Shares of NASDAQ PTON opened at $4.60 on Wednesday. Peloton Interactive, Inc. has a fifty-two week low of $2.70 and a fifty-two week high of $7.24. The firm has a market capitalization of $1.73 billion, a PE ratio of -2.18 and a beta of 2.04. The stock’s 50-day simple moving average is $3.84 and its 200-day simple moving average is $3.78.

Peloton Interactive (NASDAQ:PTON) last issued its earnings results on Thursday, August 22nd. The company reported ($0.08) earnings per share for the quarter, topping the consensus estimate of ($0.18) by $0.10. The business had revenue of $644.00 million for the quarter, compared to analyst estimates of $633.00 million. During the same period last year, the business posted ($0.68) EPS. Peloton Interactive’s revenue was up .3% on a year-over-year basis. On average, sell-side analysts forecast that Peloton Interactive, Inc. will post -0.65 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of equities analysts recently commented on PTON shares. Wolfe Research started coverage on Peloton Interactive in a report on Tuesday, July 16th. They set a “peer perform” rating for the company. Robert W. Baird raised their target price on Peloton Interactive from $4.00 to $4.75 and gave the company a “neutral” rating in a report on Monday, August 26th. Sanford C. Bernstein raised their target price on Peloton Interactive from $3.80 to $4.25 and gave the company a “market perform” rating in a report on Friday, August 23rd. TD Cowen raised their target price on Peloton Interactive from $3.00 to $4.00 and gave the company a “hold” rating in a report on Friday, August 23rd. Finally, Canaccord Genuity Group raised their target price on Peloton Interactive from $4.00 to $5.00 and gave the company a “hold” rating in a report on Friday, August 23rd. Two analysts have rated the stock with a sell rating, eighteen have assigned a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat, Peloton Interactive has a consensus rating of “Hold” and an average target price of $4.57.

Institutional Investors Weigh In On Peloton Interactive

Several hedge funds and other institutional investors have recently made changes to their positions in PTON. Mercer Global Advisors Inc. ADV acquired a new position in Peloton Interactive during the second quarter worth approximately $27,000. Skylands Capital LLC acquired a new position in Peloton Interactive during the second quarter worth approximately $30,000. Nisa Investment Advisors LLC increased its position in Peloton Interactive by 1,836.7% during the second quarter. Nisa Investment Advisors LLC now owns 9,490 shares of the company’s stock worth $32,000 after buying an additional 9,000 shares during the period. Johnson & White Wealth Management LLC acquired a new position in Peloton Interactive during the first quarter worth approximately $43,000. Finally, Sheaff Brock Investment Advisors LLC acquired a new position in Peloton Interactive during the first quarter worth approximately $44,000. Institutional investors and hedge funds own 77.01% of the company’s stock.

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.