Peloton Interactive, Inc. (NASDAQ:PTON) Insider Andrew S. Rendich Sells 121,883 Shares

Peloton Interactive, Inc. (NASDAQ:PTON - Get Free Report) insider Andrew S. Rendich sold 121,883 shares of the business's stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of $9.54, for a total transaction of $1,162,763.82. Following the transaction, the insider now owns 404,188 shares of the company's stock, valued at $3,855,953.52. This represents a 23.17 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

Peloton Interactive Price Performance

PTON traded down $0.49 during midday trading on Friday, reaching $8.56. 16,887,683 shares of the company's stock were exchanged, compared to its average volume of 17,016,530. The stock has a market capitalization of $3.34 billion, a PE ratio of -11.12 and a beta of 1.95. The business's 50-day moving average price is $8.85 and its 200 day moving average price is $7.04. Peloton Interactive, Inc. has a 1-year low of $2.70 and a 1-year high of $10.90.

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

Institutional Investors Weigh In On Peloton Interactive

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Ballentine Partners LLC purchased a new stake in Peloton Interactive during the third quarter worth approximately $55,000. Verdence Capital Advisors LLC acquired a new position in shares of Peloton Interactive during the third quarter worth $52,000. Los Angeles Capital Management LLC acquired a new position in shares of Peloton Interactive during the third quarter worth $212,000. Weil Company Inc. acquired a new position in shares of Peloton Interactive during the third quarter worth $77,000. Finally, Versor Investments LP acquired a new position in shares of Peloton Interactive during the third quarter worth $415,000. 77.01% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on PTON. Argus upgraded shares of Peloton Interactive from a "hold" rating to a "buy" rating and set a $15.00 target price for the company in a research report on Tuesday, February 11th. The Goldman Sachs Group boosted their target price on shares of Peloton Interactive from $8.00 to $10.00 and gave the stock a "neutral" rating in a research note on Monday, February 10th. Truist Financial boosted their target price 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. BMO Capital Markets boosted their target price on shares of Peloton Interactive from $6.50 to $8.50 and gave the stock a "market perform" rating in a research note on Monday, November 4th. Finally, Bank of America raised shares of Peloton Interactive from an "underperform" rating to a "buy" rating and boosted their target price for the stock from $3.75 to $9.00 in a research note on Monday, November 4th. Sixteen equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company's stock. According to MarketBeat.com, the company presently has a consensus 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.