Peloton Interactive, Inc. (NASDAQ:PTON) Insider Nick V. Caldwell Sells 68,727 Shares

Peloton Interactive, Inc. (NASDAQ:PTON) insider Nick V. Caldwell sold 68,727 shares of the firm’s stock in a transaction dated Monday, March 17th. The shares were sold at an average price of $6.59, for a total transaction of $452,910.93. Following the transaction, the insider now owns 474,234 shares of the company’s stock, valued at approximately $3,125,202.06. This trade represents a 12.66 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website.

Peloton Interactive Stock Performance

NASDAQ:PTON opened at $6.52 on Friday. The stock’s 50 day moving average price is $7.94 and its 200 day moving average price is $7.46. Peloton Interactive, Inc. has a 52 week low of $2.70 and a 52 week high of $10.90. The company has a market capitalization of $2.54 billion, a P/E ratio of -8.47 and a beta of 1.95.

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

Hedge Funds Weigh In On Peloton Interactive

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Townsquare Capital LLC grew its holdings in Peloton Interactive by 6.5% during the fourth quarter. Townsquare Capital LLC now owns 19,280 shares of the company’s stock valued at $168,000 after purchasing an additional 1,172 shares during the last quarter. PDT Partners LLC grew its holdings in Peloton Interactive by 0.7% during the third quarter. PDT Partners LLC now owns 205,573 shares of the company’s stock valued at $962,000 after purchasing an additional 1,373 shares during the last quarter. Comerica Bank grew its holdings in Peloton Interactive by 29.1% during the fourth quarter. Comerica Bank now owns 6,164 shares of the company’s stock valued at $54,000 after purchasing an additional 1,389 shares during the last quarter. Cetera Investment Advisers grew its holdings in Peloton Interactive by 9.1% during the fourth quarter. Cetera Investment Advisers now owns 17,144 shares of the company’s stock valued at $149,000 after purchasing an additional 1,432 shares during the last quarter. Finally, Victory Capital Management Inc. grew its holdings in Peloton Interactive by 3.8% during the fourth quarter. Victory Capital Management Inc. now owns 42,084 shares of the company’s stock valued at $366,000 after purchasing an additional 1,534 shares during the last quarter. Institutional investors and hedge funds own 77.01% of the company’s stock.

Analyst Ratings Changes

A number of research firms have commented on PTON. Canaccord Genuity Group raised shares of Peloton Interactive from a “hold” rating to a “buy” rating and set a $10.00 price objective for the company in a research note on Friday, March 14th. Telsey Advisory Group reissued a “market perform” rating and issued a $11.00 price target on shares of Peloton Interactive in a research report on Monday, February 3rd. Argus raised shares of Peloton Interactive from a “hold” rating to a “buy” rating and set a $15.00 price target for the company in a research report on Tuesday, February 11th. Needham & Company LLC reissued a “hold” rating on shares of Peloton Interactive in a research report on Thursday, February 6th. Finally, The Goldman Sachs Group increased their price target on shares of Peloton Interactive from $8.00 to $10.00 and gave the stock a “neutral” rating in a research report on Monday, February 10th. Fifteen analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $8.69.

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.