Peloton Interactive, Inc. (NASDAQ:PTON) CFO Sells $260,571.33 in Stock

Peloton Interactive, Inc. (NASDAQ:PTON) CFO Elizabeth F. Coddington sold 38,151 shares of the stock in a transaction that occurred on Friday, March 14th. The shares were sold at an average price of $6.83, for a total value of $260,571.33. Following the transaction, the chief financial officer now owns 258,880 shares of the company’s stock, valued at $1,768,150.40. This represents a 12.84 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link.

Peloton Interactive Stock Performance

Peloton Interactive stock traded down $0.46 during trading hours on Monday, hitting $6.59. The company had a trading volume of 14,581,520 shares, compared to its average volume of 15,762,861. The firm has a market cap of $2.57 billion, a P/E ratio of -8.56 and a beta of 1.95. The company has a 50-day moving average price of $8.12 and a two-hundred day moving average price of $7.45. Peloton Interactive, Inc. has a 1 year low of $2.70 and a 1 year high of $10.90.

Peloton Interactive (NASDAQ:PTON) last announced its quarterly 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). As a group, equities research analysts anticipate that Peloton Interactive, Inc. will post -0.36 EPS for the current year.

Wall Street Analysts Forecast Growth

PTON has been the subject of several research reports. Citigroup lowered their price objective on shares of Peloton Interactive from $11.00 to $10.00 and set a “neutral” rating for the company in a research report on Monday, February 10th. Needham & Company LLC reaffirmed a “hold” rating on shares of Peloton Interactive in a report on Thursday, February 6th. The Goldman Sachs Group boosted their price objective on Peloton Interactive from $8.00 to $10.00 and gave the stock a “neutral” rating in a research note on Monday, February 10th. JMP Securities reaffirmed a “market perform” rating on shares of Peloton Interactive in a research note on Friday, February 7th. Finally, Canaccord Genuity Group raised Peloton Interactive from a “hold” rating to a “buy” rating and set a $10.00 target price on the stock in a research report on Friday. Fifteen equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $8.69.

Hedge Funds Weigh In On Peloton Interactive

Hedge funds and other institutional investors have recently made changes to their positions in the company. Wealth Enhancement Advisory Services LLC bought a new position in shares of Peloton Interactive during the fourth quarter valued at approximately $108,000. Carolinas Wealth Consulting LLC purchased a new stake in Peloton Interactive during the fourth quarter worth $87,000. Garde Capital Inc. boosted its position in Peloton Interactive by 96.0% during the 4th quarter. Garde Capital Inc. now owns 459,427 shares of the company’s stock valued at $3,997,000 after acquiring an additional 225,000 shares in the last quarter. Mackenzie Financial Corp increased its holdings in shares of Peloton Interactive by 497.8% in the 4th quarter. Mackenzie Financial Corp now owns 128,810 shares of the company’s stock valued at $1,121,000 after acquiring an additional 107,264 shares during the period. Finally, Castleark Management LLC bought a new position in shares of Peloton Interactive in the 4th quarter worth $3,507,000. 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.