Elizabeth F. Coddington Sells 36,819 Shares of Peloton Interactive, Inc. (NASDAQ:PTON) Stock

Peloton Interactive, Inc. (NASDAQ:PTON) CFO Elizabeth F. Coddington sold 36,819 shares of the company’s stock in a transaction that occurred on Monday, September 16th. The stock was sold at an average price of $4.74, for a total value of $174,522.06. Following the transaction, the chief financial officer now directly owns 171,466 shares of the company’s stock, valued at approximately $812,748.84. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

Peloton Interactive Trading Down 3.7 %

NASDAQ:PTON opened at $4.43 on Thursday. The stock has a 50 day simple moving average of $3.86 and a 200 day simple moving average of $3.78. Peloton Interactive, Inc. has a 1-year low of $2.70 and a 1-year high of $7.24. The stock has a market cap of $1.64 billion, a P/E ratio of -2.10 and a beta of 2.04.

Peloton Interactive (NASDAQ:PTON) last announced its earnings results on Thursday, August 22nd. The company reported ($0.08) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.18) by $0.10. The business had revenue of $644.00 million during the quarter, compared to the consensus estimate of $633.00 million. During the same period in the previous year, the firm posted ($0.68) EPS. The company’s revenue was up .3% compared to the same quarter last year. As a group, sell-side analysts forecast that Peloton Interactive, Inc. will post -0.65 EPS for the current year.

Analysts Set New Price Targets

A number of analysts have recently commented on the stock. Telsey Advisory Group boosted their price objective on shares of Peloton Interactive from $4.00 to $5.00 and gave the stock a “market perform” rating in a research report on Friday, August 23rd. Roth Mkm boosted their price target on shares of Peloton Interactive from $5.00 to $6.00 and gave the stock a “buy” rating in a research report on Friday, August 23rd. Wolfe Research started coverage on Peloton Interactive in a report on Tuesday, July 16th. They issued a “peer perform” rating for the company. Macquarie reiterated a “neutral” rating and set a $2.53 target price on shares of Peloton Interactive in a report on Thursday, August 22nd. Finally, Morgan Stanley increased their price target on Peloton Interactive from $2.50 to $3.50 and gave the company an “equal weight” rating in a research report on Friday, August 23rd. Two equities research analysts have rated the stock with a sell rating, eighteen have given a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $4.57.

Institutional Trading of Peloton Interactive

A number of institutional investors have recently bought and sold shares of the business. Vanguard Group Inc. raised its position in shares of Peloton Interactive by 4.0% in the first quarter. Vanguard Group Inc. now owns 31,554,832 shares of the company’s stock valued at $135,212,000 after buying an additional 1,215,397 shares in the last quarter. Capital World Investors raised its holdings in Peloton Interactive by 17.6% in the 4th quarter. Capital World Investors now owns 26,259,325 shares of the company’s stock valued at $159,919,000 after acquiring an additional 3,925,000 shares in the last quarter. DNB Asset Management AS lifted its position in shares of Peloton Interactive by 42.4% during the 2nd quarter. DNB Asset Management AS now owns 12,130,553 shares of the company’s stock valued at $40,880,000 after acquiring an additional 3,611,069 shares during the period. DME Capital Management LP acquired a new stake in shares of Peloton Interactive during the 2nd quarter worth $22,947,000. Finally, Patient Capital Management LLC raised its stake in Peloton Interactive by 32.7% in the fourth quarter. Patient Capital Management LLC now owns 6,196,285 shares of the company’s stock valued at $37,735,000 after purchasing an additional 1,527,471 shares in the last quarter. Institutional investors own 77.01% of the company’s stock.

Peloton Interactive Company Profile

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.