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

Peloton Interactive, Inc. (NASDAQ:PTON) insider Andrew S. Rendich sold 121,883 shares of the firm’s stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $9.54, for a total transaction of $1,162,763.82. Following the sale, the insider now directly owns 404,188 shares in the company, valued at $3,855,953.52. This represents a 23.17 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Peloton Interactive Stock Performance

NASDAQ PTON opened at $9.05 on Friday. Peloton Interactive, Inc. has a one year low of $2.70 and a one year high of $10.90. The company’s 50 day moving average price is $8.87 and its 200 day moving average price is $7.00. The firm has a market capitalization of $3.53 billion, a price-to-earnings ratio of -11.75 and a beta of 1.95.

Peloton Interactive (NASDAQ:PTON) last posted 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). Sell-side analysts forecast that Peloton Interactive, Inc. will post -0.36 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on the stock. Argus raised shares of Peloton Interactive from a “hold” rating to a “buy” rating and set a $15.00 price target on the stock in a research note on Tuesday, February 11th. 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. Macquarie reiterated a “neutral” rating and set a $9.00 price objective on shares of Peloton Interactive in a report on Monday, February 10th. The Goldman Sachs Group increased their price objective on shares of Peloton Interactive from $8.00 to $10.00 and gave the stock a “neutral” rating in a report on Monday, February 10th. Finally, Truist Financial increased their price objective on shares of Peloton Interactive from $6.00 to $10.00 and gave the stock a “hold” rating in a report on Friday, November 1st. Sixteen research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $8.38.

Institutional Trading of Peloton Interactive

A number of hedge funds have recently made changes to their positions in PTON. Ballentine Partners LLC purchased a new stake in shares of Peloton Interactive during the third quarter valued at approximately $55,000. Verdence Capital Advisors LLC purchased a new stake in shares of Peloton Interactive during the third quarter valued at approximately $52,000. Los Angeles Capital Management LLC purchased a new stake in shares of Peloton Interactive during the third quarter valued at approximately $212,000. Weil Company Inc. purchased a new stake in shares of Peloton Interactive during the third quarter valued at approximately $77,000. Finally, Versor Investments LP purchased a new stake in shares of Peloton Interactive during the third quarter valued at approximately $415,000. Hedge funds and other institutional investors 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.