Peloton Interactive, Inc. (NASDAQ:PTON) Insider Jennifer Cunningham Cotter Sells 47,457 Shares of Stock

Peloton Interactive, Inc. (NASDAQ:PTON) insider Jennifer Cunningham Cotter sold 47,457 shares of Peloton Interactive stock in a transaction that occurred on Thursday, February 20th. The stock was sold at an average price of $9.11, for a total value of $432,333.27. Following the completion of the sale, the insider now directly owns 287,507 shares in the company, valued at approximately $2,619,188.77. The trade was a 14.17 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

Peloton Interactive Stock Performance

PTON opened at $8.56 on Friday. Peloton Interactive, Inc. has a 52-week low of $2.70 and a 52-week high of $10.90. The business has a fifty day moving average of $8.85 and a 200 day moving average of $7.04.

Peloton Interactive (NASDAQ:PTON) last issued its earnings results on Thursday, February 6th. The company reported ($0.24) earnings per share for the quarter, missing the consensus estimate of ($0.20) by ($0.04). On average, analysts expect that Peloton Interactive, Inc. will post -0.36 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of analysts have issued reports on PTON shares. BMO Capital Markets lifted their price objective on Peloton Interactive from $6.50 to $8.50 and gave the stock a “market perform” rating in a research note on Monday, November 4th. Citigroup cut their target price on Peloton Interactive from $11.00 to $10.00 and set a “neutral” rating on the stock in a research report on Monday, February 10th. Telsey Advisory Group reissued a “market perform” rating and set a $11.00 target price on shares of Peloton Interactive in a research report on Monday, February 3rd. JPMorgan Chase & Co. boosted their target price on Peloton Interactive from $5.00 to $7.00 and gave the company a “neutral” rating in a research report on Friday, November 1st. Finally, Argus raised Peloton Interactive from a “hold” rating to a “buy” rating and set a $15.00 target price on the stock in a research report on Tuesday, February 11th. Sixteen equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $8.38.

Institutional Investors Weigh In On Peloton Interactive

Several hedge funds have recently made changes to their positions in the company. Vanguard Group Inc. lifted its holdings in shares of Peloton Interactive by 4.9% in the 4th quarter. Vanguard Group Inc. now owns 35,059,790 shares of the company’s stock worth $305,020,000 after buying an additional 1,645,640 shares during the period. T. Rowe Price Investment Management Inc. lifted its holdings in shares of Peloton Interactive by 38.0% in the 4th quarter. T. Rowe Price Investment Management Inc. now owns 16,820,256 shares of the company’s stock worth $146,337,000 after buying an additional 4,635,667 shares during the period. Gtcr LLC purchased a new stake in shares of Peloton Interactive in the 3rd quarter worth $65,520,000. DME Capital Management LP lifted its stake in shares of Peloton Interactive by 10.4% during the 4th quarter. DME Capital Management LP now owns 10,522,687 shares of the company’s stock worth $91,547,000 after purchasing an additional 992,797 shares during the last quarter. Finally, Hennessy Advisors Inc. purchased a new stake in shares of Peloton Interactive during the 4th quarter worth $85,260,000. 77.01% of the stock is currently owned by hedge funds and other institutional investors.

About Peloton Interactive

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.