Elizabeth F. Coddington Sells 38,151 Shares of Peloton Interactive, Inc. (NASDAQ:PTON) Stock

Peloton Interactive, Inc. (NASDAQ:PTON) CFO Elizabeth F. Coddington sold 38,151 shares of the business’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 sale, the chief financial officer now directly owns 258,880 shares in the company, valued at approximately $1,768,150.40. The trade was a 12.84 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

Peloton Interactive Trading Down 2.0 %

Shares of PTON stock opened at $6.46 on Wednesday. The firm has a fifty day moving average price of $8.02 and a 200 day moving average price of $7.47. The company has a market cap of $2.52 billion, a P/E ratio of -8.39 and a beta of 1.95. Peloton Interactive, Inc. has a 12 month low of $2.70 and a 12 month high of $10.90.

Peloton Interactive (NASDAQ:PTON) last issued 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). On average, equities analysts forecast that Peloton Interactive, Inc. will post -0.36 EPS for the current year.

Hedge Funds Weigh In On Peloton Interactive

Institutional investors and hedge funds have recently modified their holdings of the company. Wealth Enhancement Advisory Services LLC acquired a new position in Peloton Interactive in the fourth quarter valued at $108,000. Carolinas Wealth Consulting LLC acquired a new position in Peloton Interactive in the fourth quarter valued at $87,000. Garde Capital Inc. boosted its stake in Peloton Interactive by 96.0% in the fourth quarter. Garde Capital Inc. now owns 459,427 shares of the company’s stock valued at $3,997,000 after acquiring an additional 225,000 shares in the last quarter. Mackenzie Financial Corp boosted its stake in Peloton Interactive by 497.8% in the fourth quarter. Mackenzie Financial Corp now owns 128,810 shares of the company’s stock valued at $1,121,000 after acquiring an additional 107,264 shares in the last quarter. Finally, Castleark Management LLC acquired a new position in Peloton Interactive in the fourth quarter valued at $3,507,000. Institutional investors and hedge funds own 77.01% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on PTON. Macquarie reissued a “neutral” rating and issued a $9.00 target price on shares of Peloton Interactive in a research report on Monday, February 10th. Needham & Company LLC reissued a “hold” rating on shares of Peloton Interactive in a research report on Thursday, February 6th. Canaccord Genuity Group raised Peloton Interactive from a “hold” rating to a “buy” rating and set a $10.00 target price on the stock in a research report on Friday, March 14th. The Goldman Sachs Group boosted their target price on Peloton Interactive from $8.00 to $10.00 and gave the company a “neutral” rating 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 equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price 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.