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 that occurred on Thursday, February 20th. The shares were sold at an average price of $9.11, for a total value of $432,333.27. Following the transaction, the insider now directly owns 287,507 shares in the company, valued at approximately $2,619,188.77. This represents a 14.17 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link.

Peloton Interactive Stock Down 5.4 %

Shares of NASDAQ:PTON traded down $0.49 during trading on Friday, reaching $8.56. 16,887,683 shares of the company’s stock traded hands, compared to its average volume of 15,036,882. Peloton Interactive, Inc. has a fifty-two week low of $2.70 and a fifty-two week high of $10.90. The firm has a market cap of $3.34 billion, a PE ratio of -11.12 and a beta of 1.95. The company has a 50-day simple moving average of $8.87 and a 200-day simple moving average of $7.00.

Peloton Interactive (NASDAQ:PTON) last posted its quarterly earnings data on Thursday, February 6th. The company reported ($0.24) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.20) by ($0.04). On average, equities research analysts forecast that Peloton Interactive, Inc. will post -0.36 EPS for the current year.

Analyst Ratings Changes

Several brokerages recently issued reports on PTON. Sanford C. Bernstein increased their price objective on Peloton Interactive from $4.25 to $6.50 and gave the stock a “market perform” rating in a research note on Friday, November 1st. Bank of America raised Peloton Interactive from an “underperform” rating to a “buy” rating and increased their price objective for the stock from $3.75 to $9.00 in a research note on Monday, November 4th. JMP Securities reissued a “market perform” rating on shares of Peloton Interactive in a research note on Friday, February 7th. UBS Group raised Peloton Interactive from a “sell” rating to a “neutral” rating and increased their price objective for the stock from $2.50 to $10.00 in a research note on Friday, December 6th. Finally, 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. Sixteen analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat, Peloton Interactive has a consensus rating of “Hold” and an average target price of $8.38.

Institutional Investors Weigh In On Peloton Interactive

Institutional investors have recently bought and sold shares of the company. R Squared Ltd acquired a new stake in Peloton Interactive in the 4th quarter worth about $28,000. Russell Investments Group Ltd. lifted its stake in Peloton Interactive by 969.6% in the 4th quarter. Russell Investments Group Ltd. now owns 4,011 shares of the company’s stock worth $35,000 after purchasing an additional 3,636 shares in the last quarter. Comerica Bank lifted its stake in Peloton Interactive by 29.1% in the 4th quarter. Comerica Bank now owns 6,164 shares of the company’s stock worth $54,000 after purchasing an additional 1,389 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. lifted its stake in Peloton Interactive by 31.9% in the 3rd quarter. Point72 Asia Singapore Pte. Ltd. now owns 6,605 shares of the company’s stock worth $31,000 after purchasing an additional 1,597 shares in the last quarter. Finally, SBI Securities Co. Ltd. purchased a new stake in shares of Peloton Interactive during the 4th quarter valued at approximately $69,000. 77.01% of the stock is currently 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.