Insider Selling: Peloton Interactive, Inc. (NASDAQ:PTON) Insider Sells 17,401 Shares of Stock

Peloton Interactive, Inc. (NASDAQ:PTON) insider Andrew S. Rendich sold 17,401 shares of the stock in a transaction that occurred on Wednesday, February 26th. The stock was sold at an average price of $8.18, for a total value of $142,340.18. Following the completion of the transaction, the insider now owns 362,573 shares in the company, valued at $2,965,847.14. This represents a 4.58 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

Peloton Interactive Trading Down 5.7 %

PTON opened at $7.43 on Friday. The stock has a market cap of $2.90 billion, a PE ratio of -9.65 and a beta of 1.95. Peloton Interactive, Inc. has a 1 year low of $2.70 and a 1 year high of $10.90. The stock’s 50 day simple moving average is $8.71 and its 200-day simple moving average is $7.18.

Peloton Interactive (NASDAQ:PTON) last announced its quarterly earnings data on Thursday, February 6th. The company reported ($0.24) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.20) by ($0.04). Equities analysts forecast that Peloton Interactive, Inc. will post -0.36 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

PTON has been the topic of several analyst reports. Truist Financial increased their price target on shares of Peloton Interactive from $6.00 to $10.00 and gave the stock a “hold” rating in a research note on Friday, November 1st. Bank of America upgraded Peloton Interactive from an “underperform” rating to a “buy” rating and upped their price target for the stock from $3.75 to $9.00 in a research note on Monday, November 4th. Sanford C. Bernstein upped their target price on Peloton Interactive from $4.25 to $6.50 and gave the stock a “market perform” rating in a research report on Friday, November 1st. Morgan Stanley upped their price objective on shares of Peloton Interactive from $3.50 to $5.00 and gave the stock an “equal weight” rating in a report on Friday, November 1st. Finally, Telsey Advisory Group reiterated a “market perform” rating and issued a $11.00 target price on shares of Peloton Interactive in a research note on Monday, February 3rd. Sixteen research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $8.38.

Institutional Investors Weigh In On Peloton Interactive

Institutional investors have recently added to or reduced their stakes in the stock. Connor Clark & Lunn Investment Management Ltd. acquired a new position in shares of Peloton Interactive in the 3rd quarter worth approximately $5,724,000. Gtcr LLC acquired a new position in Peloton Interactive during the third quarter worth $65,520,000. Two Sigma Advisers LP lifted its holdings in shares of Peloton Interactive by 2.9% during the third quarter. Two Sigma Advisers LP now owns 7,440,900 shares of the company’s stock valued at $34,823,000 after acquiring an additional 206,500 shares during the period. Versor Investments LP acquired a new stake in shares of Peloton Interactive in the 3rd quarter valued at $415,000. Finally, Franklin Resources Inc. bought a new stake in shares of Peloton Interactive in the 3rd quarter worth about $505,000. 77.01% of the stock is owned by institutional investors and hedge funds.

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.