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 stock in a transaction dated Friday, February 20th. The stock was sold at an average price of $4.41, for a total value of $681,331.77. Following the sale, the insider 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 SEC, which can be accessed through this hyperlink.

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 Stock Performance

PTON traded down $0.09 during trading on Tuesday, reaching $4.04. 15,129,992 shares of the company traded hands, compared to its average volume of 14,352,462. The company has a market cap of $1.72 billion, a P/E ratio of -31.08, a PEG ratio of 0.87 and a beta of 2.41. Peloton Interactive, Inc. has a 12-month low of $4.03 and a 12-month high of $9.20. The firm has a fifty day simple moving average of $5.70 and a 200 day simple moving average of $6.90.

Peloton Interactive (NASDAQ:PTON) last released its 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 firm had revenue of $656.50 million for the quarter, compared to analysts’ expectations of $675.04 million. The business’s quarterly revenue was down 2.5% on a year-over-year basis. During the same quarter in the previous year, the business earned ($0.24) earnings per share. As a group, sell-side analysts expect that Peloton Interactive, Inc. will post -0.36 earnings per share for the current fiscal year.

Institutional Trading of Peloton Interactive

Several hedge funds and other institutional investors have recently bought and sold shares of PTON. Eminence Capital LP purchased a new position in Peloton Interactive during the second quarter worth $112,681,000. DNB Asset Management AS lifted its holdings in shares of Peloton Interactive by 142.4% in the 4th quarter. DNB Asset Management AS now owns 10,776,627 shares of the company’s stock worth $66,384,000 after acquiring an additional 6,331,510 shares during the last quarter. Hennessy Advisors Inc. purchased a new position in shares of Peloton Interactive during the 4th quarter worth about $30,533,000. Alyeska Investment Group L.P. grew its holdings in Peloton Interactive by 306.0% during the 4th quarter. Alyeska Investment Group L.P. now owns 5,462,344 shares of the company’s stock valued at $33,648,000 after purchasing an additional 4,116,986 shares during the last quarter. Finally, Norges Bank bought a new position in Peloton Interactive during the 4th quarter valued at about $23,796,000. Hedge funds and other institutional investors own 77.01% of the company’s stock.

Analyst Ratings Changes

Several brokerages have recently issued reports on PTON. Macquarie Infrastructure lifted their target price on Peloton Interactive from $11.00 to $12.00 and gave the stock an “outperform” rating in a report on Tuesday, November 11th. Bank of America set a $9.00 price objective on Peloton Interactive in a research note on Friday, January 30th. Zacks Research raised Peloton Interactive from a “hold” rating to a “strong-buy” rating in a report on Monday, January 26th. Citigroup lowered their target price on Peloton Interactive from $8.25 to $5.00 and set a “neutral” rating for the company in a research report on Thursday, February 12th. Finally, Telsey Advisory Group reduced their price target on shares of Peloton Interactive from $8.00 to $6.00 and set a “market perform” rating on the stock in a research report on Friday, February 6th. One research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, eight have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $8.42.

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.