Jennifer Cunningham Cotter Sells 154,497 Shares of Peloton Interactive (NASDAQ:PTON) Stock

Peloton Interactive, Inc. (NASDAQ:PTON) insider Jennifer Cunningham Cotter sold 154,497 shares of the business’s stock in a transaction dated Friday, February 20th. The stock was sold at an average price of $4.41, for a total transaction of $681,331.77. Following the sale, the insider directly owned 100,269 shares of the company’s stock, valued at $442,186.29. This represents a 60.64% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

Jennifer Cunningham Cotter also recently made the following trade(s):

• On Tuesday, February 17th, Jennifer Cunningham Cotter sold 125,432 shares of Peloton Interactive stock. The stock was sold at an average price of $4.15, for a total value of $520,542.80.

Peloton Interactive Trading Up 2.0%

NASDAQ:PTON opened at $4.12 on Thursday. The stock has a 50 day moving average of $5.61 and a two-hundred day moving average of $6.85. Peloton Interactive, Inc. has a 12 month low of $3.99 and a 12 month high of $9.20. The firm has a market cap of $1.75 billion, a P/E ratio of -31.69, a price-to-earnings-growth ratio of 0.80 and a beta of 2.41.

Peloton Interactive (NASDAQ:PTON) last issued its quarterly earnings results on Thursday, February 5th. The company reported ($0.09) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.07) by ($0.02). The firm had revenue of $656.50 million during the quarter, compared to analysts’ expectations of $675.04 million. During the same quarter in the previous year, the company earned ($0.24) earnings per share. Peloton Interactive’s revenue was down 2.5% on a year-over-year basis. On average, research analysts forecast that Peloton Interactive, Inc. will post -0.36 earnings per share for the current year.

Analyst Ratings Changes

A number of equities research analysts have recently commented on PTON shares. Wall Street Zen cut shares of Peloton Interactive from a “buy” rating to a “hold” rating in a research report on Saturday, February 14th. Morgan Stanley upped their price objective on shares of Peloton Interactive from $6.00 to $6.50 and gave the company an “equal weight” rating in a research note on Wednesday, November 19th. UBS Group reiterated a “buy” rating on shares of Peloton Interactive in a report on Tuesday, February 3rd. Citigroup decreased their target price on shares of Peloton Interactive from $8.25 to $5.00 and set a “neutral” rating on the stock in a research note on Thursday, February 12th. Finally, Truist Financial dropped their price target on Peloton Interactive from $12.00 to $9.00 and set a “buy” rating for the company in a research report on Friday, February 6th. One equities research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, eight have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, Peloton Interactive has a consensus rating of “Hold” and an average target price of $8.42.

Hedge Funds Weigh In On Peloton Interactive

Several institutional investors and hedge funds have recently bought and sold shares of PTON. Royal Bank of Canada grew its stake in shares of Peloton Interactive by 342.6% in the 1st quarter. Royal Bank of Canada now owns 616,367 shares of the company’s stock valued at $3,896,000 after buying an additional 477,106 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in Peloton Interactive by 2.4% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 290,981 shares of the company’s stock valued at $1,839,000 after acquiring an additional 6,921 shares during the last quarter. NewEdge Advisors LLC lifted its holdings in Peloton Interactive by 3,132.6% in the first quarter. NewEdge Advisors LLC now owns 15,549 shares of the company’s stock valued at $98,000 after acquiring an additional 15,068 shares during the last quarter. Goldman Sachs Group Inc. grew its position in Peloton Interactive by 27.1% in the first quarter. Goldman Sachs Group Inc. now owns 7,056,642 shares of the company’s stock worth $44,598,000 after acquiring an additional 1,503,680 shares during the period. Finally, Caxton Associates LLP acquired a new stake in Peloton Interactive during the first quarter worth $282,000. 77.01% of the stock is currently owned by institutional investors and hedge funds.

Peloton Interactive Company Profile

Peloton Interactive, Inc operates a digital fitness platform that combines connected exercise equipment with live and on-demand workout classes. The company’s core products include stationary bikes (Peloton Bike and Bike+), treadmills (Peloton Tread and Tread+), and the Peloton Row. Each device integrates a touchscreen display that streams instructor-led cycling, running, strength, yoga, meditation and other fitness classes. Peloton generates recurring revenue through subscription plans, which grant users access to its growing library of workouts, performance tracking tools and community features.

Founded in 2012 by John Foley and headquartered in New York City, Peloton set out to deliver an immersive home-fitness experience by blending hardware, software and content.