Insider Selling: Peloton Interactive, Inc. (NASDAQ:PTON) Insider Sells 187,238 Shares of Stock

Peloton Interactive, Inc. (NASDAQ:PTON - Get Free Report) insider Jennifer Cunningham Cotter sold 187,238 shares of the business's stock in a transaction on Thursday, March 6th. The shares were sold at an average price of $6.45, for a total transaction of $1,207,685.10. Following the completion of the sale, the insider now directly owns 100,269 shares in the company, valued at $646,735.05. This represents a 65.12 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

Jennifer Cunningham Cotter also recently made the following trade(s):

• On Thursday, February 20th, Jennifer Cunningham Cotter sold 47,457 shares of Peloton Interactive stock. The stock was sold at an average price of $9.11, for a total transaction of $432,333.27.

Peloton Interactive Price Performance

NASDAQ PTON traded up $0.05 during trading hours on Tuesday, reaching $5.67. The company's stock had a trading volume of 7,886,522 shares, compared to its average volume of 15,630,215. The firm has a fifty day simple moving average of $8.32 and a 200-day simple moving average of $7.40. Peloton Interactive, Inc. has a 52 week low of $2.70 and a 52 week high of $10.90. The stock has a market cap of $2.21 billion, a P/E ratio of -7.31 and a beta of 1.95.

Peloton Interactive (NASDAQ:PTON - Get Free Report) last released its quarterly earnings results 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, research analysts expect that Peloton Interactive, Inc. will post -0.36 earnings per share for the current year.

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Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on PTON. UBS Group upgraded Peloton Interactive from a "sell" rating to a "neutral" rating and upped their price objective for the stock from $2.50 to $10.00 in a research note on Friday, December 6th. The Goldman Sachs Group upped their price objective 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. Argus upgraded 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 report on Tuesday, February 11th. JMP Securities reaffirmed a "market perform" rating on shares of Peloton Interactive in a report on Friday, February 7th. Finally, Telsey Advisory Group reiterated a "market perform" rating and issued a $11.00 price objective on shares of Peloton Interactive in a research note on Monday, February 3rd. Sixteen analysts have rated the stock with a hold rating and four have assigned a buy rating to the company's stock. According to data from MarketBeat, Peloton Interactive has an average rating of "Hold" and a consensus target price of $8.38.

Institutional Investors Weigh In On Peloton Interactive

Institutional investors and hedge funds have recently made changes to their positions in the stock. R Squared Ltd acquired a new position in shares of Peloton Interactive in the fourth quarter worth approximately $28,000. Point72 Asia Singapore Pte. Ltd. lifted its position in shares of Peloton Interactive by 31.9% in the 3rd quarter. Point72 Asia Singapore Pte. Ltd. now owns 6,605 shares of the company's stock worth $31,000 after purchasing an additional 1,597 shares during the period. Russell Investments Group Ltd. boosted its stake in shares of Peloton Interactive by 969.6% in the 4th quarter. Russell Investments Group Ltd. now owns 4,011 shares of the company's stock valued at $35,000 after purchasing an additional 3,636 shares during the last quarter. Verdence Capital Advisors LLC bought a new stake in shares of Peloton Interactive in the 3rd quarter valued at $52,000. Finally, Comerica Bank lifted its holdings in Peloton Interactive by 29.1% in the fourth quarter. Comerica Bank now owns 6,164 shares of the company's stock valued at $54,000 after buying an additional 1,389 shares during the period. Institutional investors and hedge funds 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.