Elizabeth F. Coddington Sells 185,661 Shares of Peloton Interactive, Inc. (NASDAQ:PTON) Stock

Peloton Interactive, Inc. (NASDAQ:PTON) CFO Elizabeth F. Coddington sold 185,661 shares of the stock in a transaction that occurred on Friday, May 16th. The stock was sold at an average price of $6.29, for a total value of $1,167,807.69. Following the completion of the transaction, the chief financial officer now directly owns 311,231 shares in the company, valued at approximately $1,957,642.99. This trade represents a 37.36% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

Peloton Interactive Stock Down 0.8%

Shares of PTON traded down $0.05 during mid-day trading on Monday, hitting $6.29. 11,612,503 shares of the company traded hands, compared to its average volume of 15,519,823. The company has a market capitalization of $2.45 billion, a PE ratio of -8.17 and a beta of 2.25. The business has a 50 day moving average of $6.24 and a 200 day moving average of $7.80. Peloton Interactive, Inc. has a 1-year low of $2.83 and a 1-year high of $10.90.

Peloton Interactive (NASDAQ:PTON) last released its earnings results on Thursday, May 8th. The company reported ($0.12) earnings per share for the quarter, missing the consensus estimate of ($0.06) by ($0.06). The business had revenue of $624.00 million for the quarter, compared to the consensus estimate of $620.39 million. The company’s revenue was down 13.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted ($0.45) earnings per share. As a group, research analysts expect that Peloton Interactive, Inc. will post -0.36 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on the company. Bank of America lowered their target price on Peloton Interactive from $11.50 to $9.50 and set a “buy” rating for the company in a report on Tuesday, April 15th. Morgan Stanley cut their price objective on shares of Peloton Interactive from $5.75 to $4.00 and set an “equal weight” rating on the stock in a report on Thursday, April 17th. Argus raised shares of Peloton Interactive from a “hold” rating to a “buy” rating and set a $15.00 price objective for the company in a research note on Tuesday, February 11th. 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. Finally, Macquarie raised Peloton Interactive from a “neutral” rating to an “outperform” rating and boosted their price target for the stock from $9.00 to $10.00 in a research report on Tuesday, May 13th. Thirteen equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $8.30.

Institutional Trading of Peloton Interactive

Large investors have recently added to or reduced their stakes in the company. Bayforest Capital Ltd raised its stake in shares of Peloton Interactive by 1,811.3% in the first quarter. Bayforest Capital Ltd now owns 198,790 shares of the company’s stock worth $1,256,000 after purchasing an additional 188,389 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its holdings in Peloton Interactive by 16.3% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 695,378 shares of the company’s stock worth $4,395,000 after buying an additional 97,291 shares during the period. Woodline Partners LP increased its holdings in Peloton Interactive by 59.6% in the 1st quarter. Woodline Partners LP now owns 1,406,197 shares of the company’s stock worth $8,887,000 after buying an additional 524,882 shares during the period. Caxton Associates LLP purchased a new position in Peloton Interactive during the 1st quarter worth approximately $282,000. Finally, Goldman Sachs Group Inc. lifted its stake in Peloton Interactive by 27.1% during the 1st quarter. Goldman Sachs Group Inc. now owns 7,056,642 shares of the company’s stock valued at $44,598,000 after acquiring an additional 1,503,680 shares during the period. 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.