Peloton Interactive (NASDAQ:PTON) CFO Elizabeth Coddington Sells 21,819 Shares

Peloton Interactive, Inc. (NASDAQ:PTONGet Free Report) CFO Elizabeth Coddington sold 21,819 shares of the company’s stock in a transaction dated Monday, March 16th. The shares were sold at an average price of $3.87, for a total transaction of $84,439.53. Following the transaction, the chief financial officer directly owned 346,535 shares of the company’s stock, valued at approximately $1,341,090.45. This represents a 5.92% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

Peloton Interactive Stock Up 6.7%

Shares of PTON traded up $0.26 during mid-day trading on Tuesday, hitting $4.13. The company had a trading volume of 16,087,084 shares, compared to its average volume of 13,249,494. Peloton Interactive, Inc. has a 1-year low of $3.65 and a 1-year high of $9.20. The business’s 50-day simple moving average is $5.01 and its 200-day simple moving average is $6.46. The stock has a market cap of $1.76 billion, a PE ratio of -31.77, a P/E/G ratio of 0.73 and a beta of 2.47.

Peloton Interactive (NASDAQ:PTONGet Free Report) last issued its quarterly earnings results on Thursday, February 5th. The company reported ($0.09) EPS for the quarter, missing the consensus estimate of ($0.07) by ($0.02). The company’s revenue for the quarter was down 2.5% compared to the same quarter last year. During the same period in the previous year, the business earned ($0.24) EPS. On average, sell-side analysts expect that Peloton Interactive, Inc. will post -0.36 earnings per share for the current year.

Peloton Interactive News Roundup

Here are the key news stories impacting Peloton Interactive this week:

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the company. Eminence Capital LP acquired a new stake in Peloton Interactive during the 2nd quarter valued at $112,681,000. DNB Asset Management AS boosted its position in Peloton Interactive by 142.4% in the 4th quarter. DNB Asset Management AS now owns 10,776,627 shares of the company’s stock valued at $66,384,000 after buying an additional 6,331,510 shares during the last quarter. Hennessy Advisors Inc. purchased a new position in Peloton Interactive in the 4th quarter valued at about $30,533,000. Alyeska Investment Group L.P. increased its position in shares of Peloton Interactive by 306.0% during the fourth quarter. Alyeska Investment Group L.P. now owns 5,462,344 shares of the company’s stock worth $33,648,000 after acquiring an additional 4,116,986 shares during the last quarter. Finally, Norges Bank purchased a new stake in shares of Peloton Interactive during the fourth quarter worth about $23,796,000. 77.01% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities research analysts have commented on PTON shares. Argus lowered Peloton Interactive from a “buy” rating to a “hold” rating in a research note on Tuesday, February 10th. Truist Financial reduced their price target on shares of Peloton Interactive from $12.00 to $9.00 and set a “buy” rating on the stock in a research report on Friday, February 6th. Guggenheim began coverage on shares of Peloton Interactive in a research note on Wednesday, December 10th. They set a “neutral” rating for the company. Telsey Advisory Group dropped their price objective on shares of Peloton Interactive from $8.00 to $6.00 and set a “market perform” rating for the company in a research report on Friday, February 6th. Finally, Weiss Ratings restated a “sell (d-)” rating on shares of Peloton Interactive in a report on Friday, January 9th. Seven equities research analysts have rated the stock with a Buy rating, nine have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $8.42.

Read Our Latest Stock Analysis on PTON

About Peloton Interactive

(Get Free Report)

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.

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