Peloton Interactive (NASDAQ:PTON) Stock Price Down 3.8% After Insider Selling

Peloton Interactive, Inc. (NASDAQ:PTON - Get Free Report) shares dropped 3.8% during trading on Monday after an insider sold shares in the company. The stock traded as low as $6.90 and last traded at $6.78. Approximately 1,169,517 shares traded hands during mid-day trading, a decline of 93% from the average daily volume of 15,770,081 shares. The stock had previously closed at $7.05.

Specifically, CFO Elizabeth F. Coddington sold 38,151 shares of Peloton Interactive stock in a transaction that occurred on Friday, March 14th. The stock was sold at an average price of $6.83, for a total value of $260,571.33. Following the transaction, the chief financial officer now directly owns 258,880 shares in the company, valued at approximately $1,768,150.40. This trade represents a 12.84 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

Analyst Ratings Changes

PTON has been the topic of a number of analyst reports. Needham & Company LLC restated a "hold" rating on shares of Peloton Interactive in a research note on Thursday, February 6th. Telsey Advisory Group reaffirmed a "market perform" rating and set a $11.00 price target on shares of Peloton Interactive in a research note on Monday, February 3rd. JMP Securities reiterated a "market perform" rating on shares of Peloton Interactive in a research note on Friday, February 7th. Citigroup lowered their target price on shares of Peloton Interactive from $11.00 to $10.00 and set a "neutral" rating on the stock in a research report on Monday, February 10th. Finally, Canaccord Genuity Group upgraded shares of Peloton Interactive from a "hold" rating to a "buy" rating and set a $10.00 price target for the company in a research report on Friday, March 14th. Fifteen analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus target price of $8.69.

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Peloton Interactive Stock Up 6.7 %

The company's fifty day moving average is $7.94 and its 200 day moving average is $7.46. The stock has a market cap of $2.71 billion, a PE ratio of -9.04 and a beta of 1.95.

Peloton Interactive (NASDAQ:PTON - Get Free Report) last announced 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). Equities analysts expect that Peloton Interactive, Inc. will post -0.36 EPS for the current year.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the stock. R Squared Ltd acquired a new position in shares of Peloton Interactive during the fourth quarter valued at $28,000. Point72 Asia Singapore Pte. Ltd. lifted its position in Peloton Interactive by 31.9% in the 3rd quarter. Point72 Asia Singapore Pte. Ltd. now owns 6,605 shares of the company's stock valued at $31,000 after purchasing an additional 1,597 shares during the last quarter. Russell Investments Group Ltd. boosted its stake in Peloton Interactive by 969.6% during 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 period. Comerica Bank grew its position in Peloton Interactive by 29.1% in the 4th quarter. Comerica Bank now owns 6,164 shares of the company's stock worth $54,000 after purchasing an additional 1,389 shares during the last quarter. Finally, Sanctuary Advisors LLC acquired a new stake in shares of Peloton Interactive in the third quarter valued at approximately $58,000. 77.01% of the stock is currently owned by institutional investors.

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.