Elizabeth Coddington Sells 21,820 Shares of Peloton Interactive (NASDAQ:PTON) Stock

Peloton Interactive, Inc. (NASDAQ:PTON) CFO Elizabeth Coddington sold 21,820 shares of the business’s stock in a transaction that occurred on Monday, December 15th. The stock was sold at an average price of $6.31, for a total transaction of $137,684.20. Following the transaction, the chief financial officer owned 346,535 shares of the company’s stock, valued at $2,186,635.85. This trade represents a 5.92% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Peloton Interactive Price Performance

Shares of Peloton Interactive stock traded down $0.06 during trading hours on Tuesday, hitting $6.19. The company had a trading volume of 7,128,923 shares, compared to its average volume of 13,333,883. The company’s 50-day moving average is $7.10 and its two-hundred day moving average is $7.25. The company has a market cap of $2.59 billion, a P/E ratio of -22.11, a price-to-earnings-growth ratio of 1.91 and a beta of 2.46. Peloton Interactive, Inc. has a twelve month low of $4.63 and a twelve month high of $10.90.

Peloton Interactive (NASDAQ:PTON) last posted its quarterly earnings data on Thursday, November 6th. The company reported $0.03 EPS for the quarter, beating analysts’ consensus estimates of $0.01 by $0.02. The business had revenue of $550.80 million during the quarter, compared to analyst estimates of $540.61 million. The business’s revenue was down 6.0% compared to the same quarter last year. Sell-side analysts expect that Peloton Interactive, Inc. will post -0.36 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on the stock. Wall Street Zen cut shares of Peloton Interactive from a “buy” rating to a “hold” rating in a research note on Saturday, November 8th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Peloton Interactive in a report on Tuesday, October 14th. Zacks Research lowered shares of Peloton Interactive from a “strong-buy” rating to a “hold” rating in a report on Friday, November 7th. Truist Financial lifted their price target on shares of Peloton Interactive from $11.00 to $12.00 and gave the stock a “buy” rating in a report on Friday, November 7th. Finally, Macquarie upped their price objective on shares of Peloton Interactive from $11.00 to $12.00 and gave the company an “outperform” rating in a research note on Tuesday, November 11th. Eight research analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $9.86.

Institutional Trading of Peloton Interactive

A number of institutional investors have recently added to or reduced their stakes in PTON. Eminence Capital LP acquired a new position in Peloton Interactive in the second quarter valued at approximately $112,681,000. T. Rowe Price Investment Management Inc. grew its stake in Peloton Interactive by 29.4% during the 1st quarter. T. Rowe Price Investment Management Inc. now owns 21,760,678 shares of the company’s stock worth $137,528,000 after buying an additional 4,940,422 shares during the last quarter. Nuveen LLC acquired a new stake in Peloton Interactive in the first quarter worth $23,239,000. DNB Asset Management AS increased its position in Peloton Interactive by 592.6% in the 2nd quarter. DNB Asset Management AS now owns 3,711,752 shares of the company’s stock valued at $25,760,000 after acquiring an additional 3,175,861 shares during the period. Finally, Vanguard Group Inc. increased its position in Peloton Interactive by 6.2% in the 1st quarter. Vanguard Group Inc. now owns 37,246,652 shares of the company’s stock valued at $235,399,000 after acquiring an additional 2,186,862 shares during the period. 77.01% of the stock is owned by hedge funds and other institutional investors.

About Peloton Interactive

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.