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

Peloton Interactive, Inc. (NASDAQ:PTON) insider Jennifer Cunningham Cotter sold 154,497 shares of the firm’s stock in a transaction that occurred on Friday, February 20th. The stock was sold at an average price of $4.41, for a total value of $681,331.77. Following the transaction, the insider owned 100,269 shares in the company, valued at $442,186.29. This represents a 60.64% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through 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 shares were sold at an average price of $4.15, for a total value of $520,542.80.

Peloton Interactive Trading Down 2.2%

PTON stock opened at $4.04 on Wednesday. The company has a market capitalization of $1.72 billion, a P/E ratio of -31.08, a PEG ratio of 0.82 and a beta of 2.41. The business has a 50 day simple moving average of $5.65 and a 200-day simple moving average of $6.87. Peloton Interactive, Inc. has a twelve month low of $4.03 and a twelve month high of $9.20.

Peloton Interactive (NASDAQ:PTON) last released 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 had revenue of $656.50 million for the quarter, compared to analysts’ expectations of $675.04 million. During the same period last year, the business posted ($0.24) EPS. Peloton Interactive’s revenue was down 2.5% compared to the same quarter last year. Research analysts predict that Peloton Interactive, Inc. will post -0.36 EPS for the current fiscal year.

Institutional Trading of Peloton Interactive

A number of institutional investors have recently modified their holdings of the business. Pacer Advisors Inc. raised its position in Peloton Interactive by 17.3% in the fourth quarter. Pacer Advisors Inc. now owns 2,265,780 shares of the company’s stock worth $13,957,000 after acquiring an additional 333,904 shares in the last quarter. Compound Planning Inc. acquired a new position in shares of Peloton Interactive during the 4th quarter worth $67,000. Corient Private Wealth LLC grew its stake in shares of Peloton Interactive by 44.9% during the 4th quarter. Corient Private Wealth LLC now owns 41,820 shares of the company’s stock worth $258,000 after purchasing an additional 12,967 shares during the period. Creek Drive Management Group LLC purchased a new position in shares of Peloton Interactive in the 4th quarter valued at about $5,556,000. Finally, Mercer Global Advisors Inc. ADV lifted its stake in shares of Peloton Interactive by 77.6% in the fourth quarter. Mercer Global Advisors Inc. ADV now owns 30,655 shares of the company’s stock valued at $189,000 after purchasing an additional 13,398 shares during the period. 77.01% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on PTON shares. Morgan Stanley boosted their price target on Peloton Interactive from $6.00 to $6.50 and gave the company an “equal weight” rating in a research report on Wednesday, November 19th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Peloton Interactive in a research note on Friday, January 9th. Citigroup cut 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. Bank of America set a $9.00 price target on Peloton Interactive in a report on Friday, January 30th. Finally, Wall Street Zen cut shares of Peloton Interactive from a “buy” rating to a “hold” rating in a research note on Saturday, February 14th. One equities research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, eight have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the company currently has a consensus 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.