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 company’s stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $9.62, for a total value of $1,643,278.78. Following the transaction, the chief financial officer now directly owns 275,212 shares in the company, valued at approximately $2,647,539.44. The trade was a 38.30 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link.

Peloton Interactive Stock Down 5.4 %

PTON stock opened at $8.56 on Friday. The company’s 50-day simple moving average is $8.85 and its 200-day simple moving average is $7.04. Peloton Interactive, Inc. has a 52-week low of $2.70 and a 52-week high of $10.90. The firm has a market cap of $3.34 billion, a P/E ratio of -11.12 and a beta of 1.95.

Peloton Interactive (NASDAQ:PTON) last posted its earnings results 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, analysts anticipate that Peloton Interactive, Inc. will post -0.36 earnings per share for the current fiscal year.

Analyst Ratings Changes

PTON has been the topic of a number of research analyst reports. BMO Capital Markets boosted their price objective on shares of Peloton Interactive from $6.50 to $8.50 and gave the company a “market perform” rating in a report on Monday, November 4th. Truist Financial boosted their price objective on shares of Peloton Interactive from $6.00 to $10.00 and gave the company a “hold” rating in a report on Friday, November 1st. UBS Group raised shares of Peloton Interactive from a “sell” rating to a “neutral” rating and boosted their price objective for the company from $2.50 to $10.00 in a report on Friday, December 6th. Telsey Advisory Group reissued a “market perform” rating and set a $11.00 price objective on shares of Peloton Interactive in a report on Monday, February 3rd. Finally, Sanford C. Bernstein boosted their price objective on shares of Peloton Interactive from $4.25 to $6.50 and gave the company a “market perform” rating in a report on Friday, November 1st. Sixteen research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, Peloton Interactive presently has an average rating of “Hold” and an average target price of $8.38.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of the stock. Townsquare Capital LLC raised its position in shares of Peloton Interactive by 6.5% during the 4th quarter. Townsquare Capital LLC now owns 19,280 shares of the company’s stock worth $168,000 after purchasing an additional 1,172 shares during the last quarter. PDT Partners LLC raised its holdings in Peloton Interactive by 0.7% in the 3rd quarter. PDT Partners LLC now owns 205,573 shares of the company’s stock valued at $962,000 after acquiring an additional 1,373 shares during the last quarter. Comerica Bank raised its holdings in 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 acquiring an additional 1,389 shares during the last quarter. Cetera Investment Advisers raised its holdings in Peloton Interactive by 9.1% in the 4th quarter. Cetera Investment Advisers now owns 17,144 shares of the company’s stock valued at $149,000 after acquiring an additional 1,432 shares during the last quarter. Finally, Victory Capital Management Inc. raised its holdings in Peloton Interactive by 3.8% in the 4th quarter. Victory Capital Management Inc. now owns 42,084 shares of the company’s stock valued at $366,000 after acquiring an additional 1,534 shares during the last quarter. Institutional investors and hedge funds own 77.01% of the company’s stock.

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.