Peloton Interactive, Inc. (NASDAQ:PTON) CFO Elizabeth F. Coddington 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 sale, the chief financial officer now owns 171,466 shares in the company, valued at $812,748.84. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

Peloton Interactive Stock Down 2.5 %

Shares of PTON opened at $4.60 on Wednesday. Peloton Interactive, Inc. has a 52-week low of $2.70 and a 52-week high of $7.24. The company has a market capitalization of $1.73 billion, a PE ratio of -2.18 and a beta of 2.04. The stock has a fifty day simple moving average of $3.84 and a two-hundred day simple moving average of $3.78.

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

Wall Street Analysts Forecast Growth

PTON has been the topic of a number of analyst reports. 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 research report on Friday, August 23rd. Morgan Stanley raised their target price on Peloton Interactive from $2.50 to $3.50 and gave the company an “equal weight” rating in a research report on Friday, August 23rd. Needham & Company LLC restated a “hold” rating on shares of Peloton Interactive in a research report on Thursday, August 22nd. Roth Mkm raised their target price on Peloton Interactive from $5.00 to $6.00 and gave the company a “buy” rating in a research report on Friday, August 23rd. Finally, Telsey Advisory Group raised their target price on Peloton Interactive from $4.00 to $5.00 and gave the company a “market perform” rating in a research report on Friday, August 23rd. Two research analysts have rated the stock with a sell rating, eighteen have issued a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, Peloton Interactive currently has a consensus rating of “Hold” and a consensus target price of $4.57.

Institutional Trading of Peloton Interactive

A number of hedge funds and other institutional investors have recently modified their holdings of PTON. Charles Schwab Investment Management Inc. increased its position in shares of Peloton Interactive by 13.2% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 2,528,222 shares of the company’s stock worth $15,397,000 after purchasing an additional 295,436 shares during the last quarter. Russell Investments Group Ltd. increased its position in shares of Peloton Interactive by 25,397.7% during the 1st quarter. Russell Investments Group Ltd. now owns 393,685 shares of the company’s stock worth $1,687,000 after purchasing an additional 392,141 shares during the last quarter. Seven Eight Capital LP acquired a new stake in shares of Peloton Interactive during the 4th quarter worth about $855,000. Private Advisor Group LLC increased its position in shares of Peloton Interactive by 11.5% during the 4th quarter. Private Advisor Group LLC now owns 37,373 shares of the company’s stock worth $228,000 after purchasing an additional 3,855 shares during the last quarter. Finally, Vanguard Group Inc. increased its position in shares of Peloton Interactive by 4.0% during the 1st quarter. Vanguard Group Inc. now owns 31,554,832 shares of the company’s stock worth $135,212,000 after purchasing an additional 1,215,397 shares during the last quarter. 77.01% of the stock is owned by institutional investors and hedge funds.

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.