Peloton Interactive, Inc. (NASDAQ:PTON - Get Free Report) insider Jennifer Cunningham Cotter sold 187,238 shares of the stock in a transaction on Thursday, March 6th. The shares were sold at an average price of $6.45, for a total value of $1,207,685.10. Following the completion of the sale, the insider now directly owns 100,269 shares of the company's stock, valued at $646,735.05. The trade was a 65.12 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link.
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 shares were sold at an average price of $9.11, for a total value of $432,333.27.
Peloton Interactive Stock Performance
PTON stock opened at $6.21 on Friday. The stock has a fifty day moving average of $8.39 and a 200-day moving average of $7.34. The company has a market capitalization of $2.42 billion, a price-to-earnings ratio of -8.06 and a beta of 1.95. Peloton Interactive, Inc. has a fifty-two week low of $2.70 and a fifty-two week high of $10.90.
Peloton Interactive (NASDAQ:PTON - Get Free Report) last issued its quarterly earnings data 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). Equities analysts predict that Peloton Interactive, Inc. will post -0.36 EPS for the current year.
Institutional Trading of Peloton Interactive
A number of institutional investors have recently added to or reduced their stakes in the stock. Townsquare Capital LLC lifted its holdings in Peloton Interactive by 6.5% during the 4th quarter. Townsquare Capital LLC now owns 19,280 shares of the company's stock worth $168,000 after purchasing an additional 1,172 shares in the last quarter. PDT Partners LLC raised its holdings in shares of Peloton Interactive by 0.7% in the 3rd quarter. PDT Partners LLC now owns 205,573 shares of the company's stock valued at $962,000 after acquiring an additional 1,373 shares in the last quarter. Comerica Bank raised its holdings in shares of Peloton Interactive by 29.1% in the 4th quarter. Comerica Bank now owns 6,164 shares of the company's stock valued at $54,000 after acquiring an additional 1,389 shares in the last quarter. Cetera Investment Advisers raised its holdings in shares of Peloton Interactive by 9.1% in the 4th quarter. Cetera Investment Advisers now owns 17,144 shares of the company's stock valued at $149,000 after acquiring an additional 1,432 shares in the last quarter. Finally, Victory Capital Management Inc. raised its holdings in shares of Peloton Interactive by 3.8% in the 4th quarter. Victory Capital Management Inc. now owns 42,084 shares of the company's stock valued at $366,000 after acquiring an additional 1,534 shares in the last quarter. Hedge funds and other institutional investors own 77.01% of the company's stock.
Analyst Upgrades and Downgrades
A number of equities research analysts recently commented on the company. The Goldman Sachs Group increased their price target on Peloton Interactive from $8.00 to $10.00 and gave the company a "neutral" rating in a research report on Monday, February 10th. Needham & Company LLC reissued a "hold" rating on shares of Peloton Interactive in a research report on Thursday, February 6th. Telsey Advisory Group restated a "market perform" rating and issued a $11.00 price objective on shares of Peloton Interactive in a research note on Monday, February 3rd. Argus upgraded Peloton Interactive from a "hold" rating to a "buy" rating and set a $15.00 price objective for the company in a research note on Tuesday, February 11th. Finally, UBS Group upgraded Peloton Interactive from a "sell" rating to a "neutral" rating and upped their price objective for the company from $2.50 to $10.00 in a research note on Friday, December 6th. Sixteen research analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average target price of $8.38.
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About Peloton Interactive
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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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