Peloton Interactive, Inc. (NASDAQ:PTON) CFO Sells $260,571.33 in Stock

Peloton Interactive, Inc. (NASDAQ:PTON) CFO Elizabeth F. Coddington sold 38,151 shares of the company’s stock in a transaction that occurred on Friday, March 14th. The shares were sold at an average price of $6.83, for a total value of $260,571.33. Following the completion of the transaction, the chief financial officer now directly owns 258,880 shares in the company, valued at $1,768,150.40. This trade represents a 12.84 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.

Peloton Interactive Stock Performance

Shares of NASDAQ PTON traded down $0.46 during trading on Monday, hitting $6.59. The company had a trading volume of 14,581,520 shares, compared to its average volume of 15,762,861. 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 $2.57 billion, a P/E ratio of -8.56 and a beta of 1.95. The stock has a 50 day simple moving average of $8.12 and a 200 day simple moving average of $7.45.

Peloton Interactive (NASDAQ:PTON) last released its 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, analysts predict that Peloton Interactive, Inc. will post -0.36 EPS for the current year.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the company. R Squared Ltd purchased a new position in shares of Peloton Interactive in the fourth quarter worth $28,000. Russell Investments Group Ltd. increased its holdings in Peloton Interactive by 969.6% in the 4th quarter. Russell Investments Group Ltd. now owns 4,011 shares of the company’s stock valued at $35,000 after acquiring an additional 3,636 shares during the last quarter. Comerica Bank lifted its stake 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 purchasing an additional 1,389 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. boosted its holdings in shares of Peloton Interactive by 31.9% during the 3rd 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 during the last quarter. Finally, SBI Securities Co. Ltd. purchased a new position in shares of Peloton Interactive during the fourth quarter valued at about $69,000. Institutional investors own 77.01% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on the company. Citigroup lowered their price target on Peloton Interactive from $11.00 to $10.00 and set a “neutral” rating on the stock in a report on Monday, February 10th. The Goldman Sachs Group raised their price target on shares of Peloton Interactive from $8.00 to $10.00 and gave the company a “neutral” rating in a report on Monday, February 10th. UBS Group upgraded shares of Peloton Interactive from a “sell” rating to a “neutral” rating and lifted their price target for the stock from $2.50 to $10.00 in a research note on Friday, December 6th. Macquarie restated a “neutral” rating and set a $9.00 price objective on shares of Peloton Interactive in a research report on Monday, February 10th. Finally, JMP Securities reaffirmed a “market perform” rating on shares of Peloton Interactive in a research report on Friday, February 7th. Fifteen analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Peloton Interactive has an average rating of “Hold” and a consensus price target of $8.69.

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.