Peloton Interactive, Inc. (NASDAQ:PTON - Get Free Report) insider Jennifer Cunningham Cotter sold 47,457 shares of the firm's stock in a transaction dated Thursday, February 20th. The stock was sold at an average price of $9.11, for a total value of $432,333.27. Following the completion of the sale, the insider now directly owns 287,507 shares in the company, valued at $2,619,188.77. The trade was a 14.17 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.
Peloton Interactive Price Performance
Shares of PTON stock traded down $0.31 during mid-day trading on Tuesday, hitting $8.45. The company had a trading volume of 11,704,565 shares, compared to its average volume of 14,790,562. The stock's 50 day moving average price is $8.82 and its 200-day moving average price is $7.14. Peloton Interactive, Inc. has a 52-week low of $2.70 and a 52-week high of $10.90. The company has a market capitalization of $3.30 billion, a P/E ratio of -10.97 and a beta of 1.95.
Peloton Interactive (NASDAQ:PTON - Get Free Report) last announced its quarterly earnings results on Thursday, February 6th. The company reported ($0.24) EPS for the quarter, missing the consensus estimate of ($0.20) by ($0.04). On average, equities research analysts expect that Peloton Interactive, Inc. will post -0.36 earnings per share for the current year.
Institutional Inflows and Outflows
A number of institutional investors and hedge funds have recently modified their holdings of PTON. Garde Capital Inc. lifted its position in Peloton Interactive by 96.0% during the fourth quarter. Garde Capital Inc. now owns 459,427 shares of the company's stock valued at $3,997,000 after purchasing an additional 225,000 shares during the last quarter. Mackenzie Financial Corp raised its position in shares of Peloton Interactive by 497.8% during the 4th quarter. Mackenzie Financial Corp now owns 128,810 shares of the company's stock valued at $1,121,000 after buying an additional 107,264 shares in the last quarter. Castleark Management LLC bought a new position in shares of Peloton Interactive in the 4th quarter valued at about $3,507,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in Peloton Interactive by 20.1% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 598,087 shares of the company's stock worth $5,203,000 after acquiring an additional 100,299 shares in the last quarter. Finally, Voloridge Investment Management LLC increased its stake in Peloton Interactive by 1,438.9% during the fourth quarter. Voloridge Investment Management LLC now owns 3,109,054 shares of the company's stock worth $27,049,000 after acquiring an additional 2,907,023 shares during the last quarter. 77.01% of the stock is owned by hedge funds and other institutional investors.
Wall Street Analysts Forecast Growth
PTON has been the subject of a number of research analyst reports. Needham & Company LLC reaffirmed a "hold" rating on shares of Peloton Interactive in a research note on Thursday, February 6th. JMP Securities reaffirmed a "market perform" rating on shares of Peloton Interactive in a research report on Friday, February 7th. UBS Group raised shares of Peloton Interactive from a "sell" rating to a "neutral" rating and lifted their target price for the company from $2.50 to $10.00 in a research note on Friday, December 6th. Truist Financial increased their price target on shares of Peloton Interactive from $6.00 to $10.00 and gave the stock a "hold" rating in a research note on Friday, November 1st. Finally, Argus raised Peloton Interactive from a "hold" rating to a "buy" rating and set a $15.00 price objective on the stock in a research report on Tuesday, February 11th. Sixteen analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus price target of $8.38.
Check Out Our Latest Stock Analysis on PTON
Peloton Interactive Company Profile
(
Get Free Report)
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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