Peloton Interactive, Inc. (NASDAQ:PTON) CFO Elizabeth F. Coddington Sells 170,819 Shares

Peloton Interactive, Inc. (NASDAQ:PTON - Get Free Report) CFO Elizabeth F. Coddington sold 170,819 shares of the business's stock in a transaction that occurred 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 completion of the sale, the chief financial officer now directly owns 275,212 shares in the company, valued at approximately $2,647,539.44. This represents a 38.30 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Peloton Interactive Trading Down 5.4 %

Peloton Interactive stock traded down $0.49 during mid-day trading on Friday, hitting $8.56. The stock had a trading volume of 16,887,683 shares, compared to its average volume of 17,016,530. The firm has a market capitalization of $3.34 billion, a P/E ratio of -11.12 and a beta of 1.95. The firm's 50 day moving average is $8.85 and its 200 day moving average is $7.04. Peloton Interactive, Inc. has a one year low of $2.70 and a one year high of $10.90.

Peloton Interactive (NASDAQ:PTON - Get Free Report) last issued its earnings results on Thursday, February 6th. The company reported ($0.24) earnings per share for the quarter, missing the consensus estimate of ($0.20) by ($0.04). As a group, equities research analysts forecast that Peloton Interactive, Inc. will post -0.36 earnings per share for the current year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in PTON. Gtcr LLC bought a new position in shares of Peloton Interactive during the 3rd quarter valued at about $65,520,000. Hennessy Advisors Inc. bought a new position in shares of Peloton Interactive during the 4th quarter valued at about $85,260,000. T. Rowe Price Investment Management Inc. boosted its holdings in shares of Peloton Interactive by 38.0% during the 4th quarter. T. Rowe Price Investment Management Inc. now owns 16,820,256 shares of the company's stock valued at $146,337,000 after purchasing an additional 4,635,667 shares during the last quarter. Assenagon Asset Management S.A. bought a new position in shares of Peloton Interactive during the 4th quarter valued at about $39,992,000. Finally, Connor Clark & Lunn Investment Management Ltd. boosted its holdings in shares of Peloton Interactive by 245.7% during the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 4,227,854 shares of the company's stock valued at $36,782,000 after purchasing an additional 3,004,757 shares during the last quarter. Institutional investors own 77.01% of the company's stock.

Analysts Set New Price Targets

PTON has been the subject of a number of recent analyst reports. Truist Financial boosted their price objective on shares of Peloton Interactive from $6.00 to $10.00 and gave the stock a "hold" rating in a report on Friday, November 1st. Citigroup decreased their price objective on shares of Peloton Interactive from $11.00 to $10.00 and set a "neutral" rating for the company in a report on Monday, February 10th. Needham & Company LLC restated a "hold" rating on shares of Peloton Interactive in a report on Thursday, February 6th. BMO Capital Markets boosted their target price on shares of Peloton Interactive from $6.50 to $8.50 and gave the company a "market perform" rating in a research note on Monday, November 4th. Finally, The Goldman Sachs Group boosted their target price on shares of Peloton Interactive from $8.00 to $10.00 and gave the company a "neutral" rating in a research note on Monday, February 10th. Sixteen analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat, the stock has an average rating of "Hold" and a consensus target price of $8.38.

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.