Elizabeth F. Coddington Sells 38,151 Shares of Peloton Interactive, Inc. (NASDAQ:PTON) Stock

Peloton Interactive, Inc. (NASDAQ:PTON - Get Free Report) CFO Elizabeth F. Coddington sold 38,151 shares of the firm's stock in a transaction that occurred on Friday, March 14th. The stock was sold at an average price of $6.83, for a total transaction of $260,571.33. Following the sale, the chief financial officer now owns 258,880 shares of the company's stock, valued at $1,768,150.40. This represents a 12.84 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Peloton Interactive Price Performance

NASDAQ:PTON traded up $0.44 during trading hours on Friday, reaching $6.96. 19,802,672 shares of the company were exchanged, compared to its average volume of 15,916,687. The firm has a market cap of $2.71 billion, a price-to-earnings ratio of -9.03 and a beta of 1.95. Peloton Interactive, Inc. has a 52-week low of $2.70 and a 52-week high of $10.90. The stock has a 50 day simple moving average of $7.94 and a 200 day simple moving average of $7.46.

Peloton Interactive (NASDAQ:PTON - Get Free Report) last released its quarterly earnings data 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 predict that Peloton Interactive, Inc. will post -0.36 EPS for the current fiscal year.

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Wall Street Analyst Weigh In

PTON has been the subject of a number of recent analyst reports. Macquarie restated a "neutral" rating and set a $9.00 price target on shares of Peloton Interactive in a report on Monday, February 10th. Canaccord Genuity Group upgraded shares of Peloton Interactive from a "hold" rating to a "buy" rating and set a $10.00 target price for the company in a report on Friday, March 14th. The Goldman Sachs Group lifted their target price on shares of Peloton Interactive from $8.00 to $10.00 and gave the company a "neutral" rating in a report on Monday, February 10th. UBS Group upgraded 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 report on Friday, December 6th. Finally, Needham & Company LLC reiterated a "hold" rating on shares of Peloton Interactive in a report on Thursday, February 6th. Fifteen investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat, Peloton Interactive presently has an average rating of "Hold" and a consensus target price of $8.69.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. Connor Clark & Lunn Investment Management Ltd. acquired a new position in Peloton Interactive during the 3rd quarter worth $5,724,000. Gtcr LLC bought a new stake in Peloton Interactive in the 3rd quarter valued at about $65,520,000. Two Sigma Advisers LP lifted its position in Peloton Interactive by 2.9% in the 3rd quarter. Two Sigma Advisers LP now owns 7,440,900 shares of the company's stock valued at $34,823,000 after purchasing an additional 206,500 shares during the last quarter. Y Intercept Hong Kong Ltd acquired a new position in Peloton Interactive during the 4th quarter valued at about $360,000. Finally, Rhumbline Advisers increased its stake in Peloton Interactive by 7.8% during the 4th quarter. Rhumbline Advisers now owns 479,134 shares of the company's stock valued at $4,168,000 after buying an additional 34,514 shares during the period. 77.01% of the stock is owned by institutional investors and hedge funds.

About Peloton Interactive

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.