Peloton Interactive, Inc. (NASDAQ:PTON) CFO Sells $1,643,278.78 in Stock

Peloton Interactive, Inc. (NASDAQ:PTON) CFO Elizabeth F. Coddington sold 170,819 shares of the firm’s stock in a transaction that occurred on Tuesday, February 18th. The stock was sold at an average price of $9.62, for a total transaction of $1,643,278.78. Following the sale, the chief financial officer now owns 275,212 shares of the company’s stock, valued at $2,647,539.44. This represents a 38.30 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Peloton Interactive Stock Down 5.4 %

Shares of PTON 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 stock has a market capitalization of $3.34 billion, a PE ratio of -11.12 and a beta of 1.95. The firm has a 50 day moving average of $8.85 and a two-hundred day moving average of $7.04.

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

Institutional Investors Weigh In On Peloton Interactive

Hedge funds and other institutional investors have recently modified their holdings of the company. R Squared Ltd acquired a new stake in shares of Peloton Interactive in the 4th quarter valued at $28,000. Russell Investments Group Ltd. raised its holdings in shares of 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 purchasing an additional 3,636 shares in the last quarter. Comerica Bank raised its holdings in shares of Peloton Interactive by 29.1% in the 4th quarter. Comerica Bank now owns 6,164 shares of the company’s stock valued at $54,000 after purchasing an additional 1,389 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. raised its holdings in shares of Peloton Interactive by 31.9% in 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 in the last quarter. Finally, SBI Securities Co. Ltd. acquired a new stake in shares of Peloton Interactive in the 4th quarter valued at $69,000. 77.01% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

PTON has been the subject of a number of recent analyst reports. Truist Financial raised their price target on shares of Peloton Interactive from $6.00 to $10.00 and gave the stock a “hold” rating in a report on Friday, November 1st. Telsey Advisory Group restated a “market perform” rating and set a $11.00 price target on shares of Peloton Interactive in a report on Monday, February 3rd. Macquarie restated a “neutral” rating and set a $9.00 price target on shares of Peloton Interactive in a report on Monday, February 10th. Bank of America upgraded shares of Peloton Interactive from an “underperform” rating to a “buy” rating and raised their price target for the stock from $3.75 to $9.00 in a report on Monday, November 4th. Finally, Robert W. Baird increased their price objective on shares of Peloton Interactive from $4.75 to $8.00 and gave the stock a “neutral” rating in a research report on Friday, November 1st. Sixteen investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $8.38.

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.