Peloton Interactive, Inc. (NASDAQ:PTON) Insider Sells $142,340.18 in Stock

Peloton Interactive, Inc. (NASDAQ:PTON) insider Andrew S. Rendich sold 17,401 shares of the firm’s stock in a transaction dated Wednesday, February 26th. The stock was sold at an average price of $8.18, for a total transaction of $142,340.18. Following the completion of the transaction, the insider now directly owns 362,573 shares in the company, valued at approximately $2,965,847.14. This represents a 4.58 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website.

Peloton Interactive Stock Up 1.3 %

Shares of Peloton Interactive stock opened at $7.53 on Friday. Peloton Interactive, Inc. has a 52-week low of $2.70 and a 52-week high of $10.90. The company has a 50 day moving average of $8.67 and a 200 day moving average of $7.25. The company has a market capitalization of $2.94 billion, a P/E ratio of -9.78 and a beta of 1.95.

Peloton Interactive (NASDAQ:PTON) last issued its quarterly earnings results on Thursday, February 6th. The company reported ($0.24) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.20) by ($0.04). As a group, research analysts anticipate that Peloton Interactive, Inc. will post -0.36 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several research firms have recently weighed in on PTON. UBS Group raised shares of Peloton Interactive from a “sell” rating to a “neutral” rating and raised their price target for the stock from $2.50 to $10.00 in a research note on Friday, December 6th. Telsey Advisory Group reissued a “market perform” rating and issued a $11.00 price target on shares of Peloton Interactive in a research note on Monday, February 3rd. BMO Capital Markets lifted their target price on shares of Peloton Interactive from $6.50 to $8.50 and gave the stock a “market perform” rating in a research note on Monday, November 4th. Argus raised shares of Peloton Interactive from a “hold” rating to a “buy” rating and set a $15.00 target price on the stock in a research note on Tuesday, February 11th. Finally, Bank of America raised shares of Peloton Interactive from an “underperform” rating to a “buy” rating and lifted their target price for the stock from $3.75 to $9.00 in a research note on Monday, November 4th. Sixteen analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat.com, Peloton Interactive presently has an average rating of “Hold” and an average price target of $8.38.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted its position in shares of Peloton Interactive by 4.9% during the 4th quarter. Vanguard Group Inc. now owns 35,059,790 shares of the company’s stock worth $305,020,000 after buying an additional 1,645,640 shares during the last quarter. T. Rowe Price Investment Management Inc. lifted its position in shares of Peloton Interactive by 38.0% during the 4th quarter. T. Rowe Price Investment Management Inc. now owns 16,820,256 shares of the company’s stock worth $146,337,000 after buying an additional 4,635,667 shares during the last quarter. Gtcr LLC purchased a new stake in shares of Peloton Interactive during the 3rd quarter worth approximately $65,520,000. DME Capital Management LP lifted its position in shares of Peloton Interactive by 10.4% during the 4th quarter. DME Capital Management LP now owns 10,522,687 shares of the company’s stock worth $91,547,000 after buying an additional 992,797 shares during the last quarter. Finally, Hennessy Advisors Inc. purchased a new stake in shares of Peloton Interactive during the 4th quarter worth approximately $85,260,000. Hedge funds and other institutional investors own 77.01% of the company’s stock.

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.