Jennifer Cunningham Cotter Sells 47,457 Shares of Peloton Interactive, Inc. (NASDAQ:PTON) Stock

Peloton Interactive, Inc. (NASDAQ:PTON) insider Jennifer Cunningham Cotter sold 47,457 shares of the company’s stock in a transaction on Thursday, February 20th. The stock was sold at an average price of $9.11, for a total value of $432,333.27. Following the sale, the insider now owns 287,507 shares of the company’s stock, valued at $2,619,188.77. This trade represents a 14.17 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

Peloton Interactive Stock Down 5.4 %

Peloton Interactive stock opened at $8.56 on Friday. Peloton Interactive, Inc. has a 52 week low of $2.70 and a 52 week high of $10.90. The business’s 50-day moving average price is $8.85 and its 200 day moving average price is $7.04.

Peloton Interactive (NASDAQ:PTON) last posted 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). Sell-side analysts forecast that Peloton Interactive, Inc. will post -0.36 EPS for the current fiscal year.

Analysts Set New Price Targets

Several research analysts recently issued reports on PTON shares. UBS Group raised Peloton Interactive from a “sell” rating to a “neutral” rating and upped their target price for the company from $2.50 to $10.00 in a research report on Friday, December 6th. Telsey Advisory Group reaffirmed a “market perform” rating and set a $11.00 target price on shares of Peloton Interactive in a research report on Monday, February 3rd. Needham & Company LLC reaffirmed a “hold” rating on shares of Peloton Interactive in a research report on Thursday, February 6th. JPMorgan Chase & Co. upped their target price on Peloton Interactive from $5.00 to $7.00 and gave the company a “neutral” rating in a research report on Friday, November 1st. Finally, Citigroup reduced their target price on Peloton Interactive from $11.00 to $10.00 and set a “neutral” rating on the stock in a research report on Monday, February 10th. Sixteen investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $8.38.

Institutional Trading of Peloton Interactive

Several hedge funds and other institutional investors have recently bought and sold shares of PTON. Ballentine Partners LLC acquired a new stake in Peloton Interactive during the third quarter worth about $55,000. Verdence Capital Advisors LLC purchased a new position in Peloton Interactive during the third quarter worth approximately $52,000. Los Angeles Capital Management LLC purchased a new position in Peloton Interactive during the third quarter worth approximately $212,000. Weil Company Inc. purchased a new position in Peloton Interactive during the third quarter worth approximately $77,000. Finally, Versor Investments LP purchased a new position in Peloton Interactive during the third quarter worth approximately $415,000. 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.