Jennifer Cunningham Cotter Sells 47,457 Shares of Peloton Interactive, Inc. (NASDAQ:PTON) Stock

Peloton Interactive, Inc. (NASDAQ:PTON) insider Jennifer Cunningham Cotter sold 47,457 shares of the business’s stock in a transaction dated Thursday, February 20th. The stock was sold at an average price of $9.11, for a total transaction of $432,333.27. Following the completion of the sale, the insider now directly owns 287,507 shares of the company’s stock, valued at $2,619,188.77. The trade was a 14.17 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink.

Peloton Interactive Stock Down 5.4 %

Peloton Interactive stock opened at $8.56 on Monday. The firm has a 50-day moving average price of $8.85 and a two-hundred day moving average price of $7.10. The firm has a market capitalization of $3.34 billion, a price-to-earnings ratio of -11.12 and a beta of 1.95. Peloton Interactive, Inc. has a 52-week low of $2.70 and a 52-week high of $10.90.

Peloton Interactive (NASDAQ:PTON) last posted 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). Research analysts expect that Peloton Interactive, Inc. will post -0.36 earnings per share for the current year.

Analyst Ratings Changes

PTON has been the subject of several research analyst reports. JMP Securities reissued a “market perform” rating on shares of Peloton Interactive in a research report on Friday, February 7th. 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 report on Monday, November 4th. 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 report on Friday, November 1st. JPMorgan Chase & Co. boosted their target price on shares of Peloton Interactive from $5.00 to $7.00 and gave the stock a “neutral” rating in a research report on Friday, November 1st. Finally, Sanford C. Bernstein boosted their price objective on shares of Peloton Interactive from $4.25 to $6.50 and gave the company a “market perform” rating in a research report on Friday, November 1st. Sixteen 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 stock has an average rating of “Hold” and an average price target of $8.38.

Institutional Trading of Peloton Interactive

Institutional investors have recently made changes to their positions in the stock. R Squared Ltd acquired a new stake in shares of Peloton Interactive in the 4th quarter worth approximately $28,000. Russell Investments Group Ltd. lifted 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 worth $35,000 after acquiring an additional 3,636 shares during the period. Comerica Bank lifted its stake in shares of 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 acquiring an additional 1,389 shares during the period. Point72 Asia Singapore Pte. Ltd. lifted its stake 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 acquiring an additional 1,597 shares during the period. Finally, SBI Securities Co. Ltd. acquired a new stake in shares of Peloton Interactive in the 4th quarter worth approximately $69,000. 77.01% of the stock is owned by institutional investors and hedge funds.

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.