Peloton Interactive, Inc. (NASDAQ:PTON – Get Free Report) insider Jennifer Cunningham Cotter sold 148,432 shares of Peloton Interactive stock in a transaction dated Monday, November 17th. The stock was sold at an average price of $7.22, for a total value of $1,071,679.04. Following the completion of the transaction, the insider directly owned 231,764 shares in the company, valued at $1,673,336.08. This represents a 39.04% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this hyperlink.
Jennifer Cunningham Cotter also recently made the following trade(s):
- On Thursday, September 18th, Jennifer Cunningham Cotter sold 110,235 shares of Peloton Interactive stock. The stock was sold at an average price of $8.05, for a total value of $887,391.75.
- On Tuesday, September 16th, Jennifer Cunningham Cotter sold 128,429 shares of Peloton Interactive stock. The stock was sold at an average price of $7.79, for a total transaction of $1,000,461.91.
- On Wednesday, August 20th, Jennifer Cunningham Cotter sold 134,476 shares of Peloton Interactive stock. The stock was sold at an average price of $7.61, for a total transaction of $1,023,362.36.
Peloton Interactive Price Performance
PTON stock opened at $6.39 on Friday. The firm has a market capitalization of $2.67 billion, a P/E ratio of -22.82, a P/E/G ratio of 2.13 and a beta of 2.33. Peloton Interactive, Inc. has a 52-week low of $4.63 and a 52-week high of $10.90. The company’s 50 day simple moving average is $7.69 and its 200-day simple moving average is $7.28.
Wall Street Analysts Forecast Growth
A number of research analysts have recently weighed in on the company. Wall Street Zen downgraded Peloton Interactive from a “buy” rating to a “hold” rating in a report on Saturday, November 8th. Truist Financial raised their price objective on Peloton Interactive from $11.00 to $12.00 and gave the stock a “buy” rating in a research report on Friday, November 7th. Needham & Company LLC reaffirmed a “hold” rating on shares of Peloton Interactive in a research note on Thursday, August 7th. Macquarie upped their target price on Peloton Interactive from $11.00 to $12.00 and gave the company an “outperform” rating in a report on Tuesday, November 11th. Finally, UBS Group raised shares of Peloton Interactive from a “neutral” rating to a “buy” rating and increased their price target for the stock from $7.50 to $11.00 in a research report on Wednesday, July 30th. Eight equities research analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, Peloton Interactive currently has an average rating of “Hold” and a consensus price target of $9.86.
Get Our Latest Report on Peloton Interactive
Institutional Inflows and Outflows
A number of institutional investors and hedge funds have recently bought and sold shares of PTON. Eminence Capital LP purchased a new stake in shares of Peloton Interactive during the 2nd quarter worth about $112,681,000. T. Rowe Price Investment Management Inc. grew its stake in shares of Peloton Interactive by 29.4% in the 1st quarter. T. Rowe Price Investment Management Inc. now owns 21,760,678 shares of the company’s stock valued at $137,528,000 after buying an additional 4,940,422 shares in the last quarter. Nuveen LLC acquired a new position in Peloton Interactive in the first quarter worth approximately $23,239,000. DNB Asset Management AS increased its holdings in Peloton Interactive by 592.6% in the second quarter. DNB Asset Management AS now owns 3,711,752 shares of the company’s stock worth $25,760,000 after buying an additional 3,175,861 shares during the last quarter. Finally, Vanguard Group Inc. lifted its stake in Peloton Interactive by 6.2% in the first quarter. Vanguard Group Inc. now owns 37,246,652 shares of the company’s stock valued at $235,399,000 after acquiring an additional 2,186,862 shares during the last quarter. Hedge funds and other institutional investors 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.
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