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 Peloton Interactive stock in a transaction that occurred on Monday, March 16th. The stock was sold at an average price of $3.87, for a total value of $84,439.53. Following the sale, the chief financial officer owned 346,535 shares in the company, valued at $1,341,090.45. This represents a 5.92% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

Peloton Interactive Stock Up 6.7%

Shares of Peloton Interactive stock traded up $0.26 on Tuesday, hitting $4.13. 16,087,084 shares of the company’s stock traded hands, compared to its average volume of 13,249,494. Peloton Interactive, Inc. has a 52-week low of $3.65 and a 52-week high of $9.20. The stock has a market cap of $1.76 billion, a P/E ratio of -31.77, a PEG ratio of 0.73 and a beta of 2.47. The firm’s 50-day moving average is $5.01 and its 200 day moving average is $6.46.

Peloton Interactive (NASDAQ:PTONGet Free Report) 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 company’s revenue for the quarter was down 2.5% on a year-over-year basis. During the same period last year, the company posted ($0.24) EPS. Equities research analysts forecast that Peloton Interactive, Inc. will post -0.36 EPS for the current year.

Institutional Investors Weigh In On Peloton Interactive

Several large investors have recently added to or reduced their stakes in PTON. Eminence Capital LP bought a new stake in Peloton Interactive in the second quarter valued at $112,681,000. DNB Asset Management AS increased 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 period. Hennessy Advisors Inc. bought a new stake in Peloton Interactive in the 4th quarter valued at about $30,533,000. Alyeska Investment Group L.P. increased its stake in shares of Peloton Interactive by 306.0% in the fourth 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 period. Finally, Norges Bank acquired a new position in shares of Peloton Interactive during the fourth quarter worth approximately $23,796,000. 77.01% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on PTON shares. Citigroup decreased their price target on Peloton Interactive from $8.25 to $5.00 and set a “neutral” rating for the company in a research note on Thursday, February 12th. Guggenheim assumed coverage on Peloton Interactive in a research report on Wednesday, December 10th. They issued a “neutral” rating for the company. Argus lowered Peloton Interactive from a “buy” rating to a “hold” rating in a research report on Tuesday, February 10th. Wall Street Zen downgraded shares of Peloton Interactive from a “buy” rating to a “hold” rating in a report on Sunday, March 8th. Finally, Telsey Advisory Group lowered their target price on shares of Peloton Interactive from $8.00 to $6.00 and set a “market perform” rating for the company in a research note on Friday, February 6th. Seven analysts have rated the stock with a Buy rating, nine have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $8.42.

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Peloton Interactive Company Profile

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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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