Insider Selling: Peloton Interactive (NASDAQ:PTON) CFO Sells $1,873,512.40 in Stock

Key Points

• Peloton Interactive CFO Elizabeth Coddington sold 238,664 shares for approximately $1.87 million, marking a 40.78% decrease in her stake.
• Following the sale, Coddington retains 346,535 shares valued at around $2.72 million.
• Peloton's stock is currently trading at $7.94, reflecting a 3.1% decrease with a market capitalization of $3.24 billion.

Peloton Interactive, Inc. (NASDAQ:PTON - Get Free Report) CFO Elizabeth Coddington sold 238,664 shares of Peloton Interactive stock in a transaction dated Tuesday, September 16th. The shares were sold at an average price of $7.85, for a total transaction of $1,873,512.40. Following the completion of the sale, the chief financial officer directly owned 346,535 shares in the company, valued at approximately $2,720,299.75. The trade was a 40.78% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

Peloton Interactive Stock Down 3.1%

Shares of Peloton Interactive stock traded down $0.25 on Tuesday, hitting $7.94. The company's stock had a trading volume of 11,156,591 shares, compared to its average volume of 9,311,354. The company has a market capitalization of $3.24 billion, a P/E ratio of -25.61 and a beta of 2.07. Peloton Interactive, Inc. has a 52-week low of $4.25 and a 52-week high of $10.90. The firm has a fifty day moving average price of $7.34 and a 200-day moving average price of $6.79.

Peloton Interactive (NASDAQ:PTON - Get Free Report) last issued its quarterly earnings results on Thursday, August 7th. The company reported $0.05 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($0.07) by $0.12. The business had revenue of $606.90 million during the quarter, compared to analyst estimates of $580.29 million. During the same period in the previous year, the business posted ($0.08) earnings per share. The firm's quarterly revenue was down 5.8% on a year-over-year basis. Peloton Interactive has set its FY 2025 guidance at EPS. As a group, analysts expect that Peloton Interactive, Inc. will post -0.36 earnings per share for the current year.

Institutional Investors Weigh In On Peloton Interactive

Large investors have recently modified their holdings of the business. FNY Investment Advisers LLC acquired a new stake in shares of Peloton Interactive in the first quarter valued at approximately $37,000. Bessemer Group Inc. lifted its holdings in Peloton Interactive by 1,602.6% during the 2nd quarter. Bessemer Group Inc. now owns 5,312 shares of the company's stock worth $37,000 after purchasing an additional 5,000 shares during the last quarter. MAI Capital Management boosted its holdings in Peloton Interactive by 64.6% in the 2nd quarter. MAI Capital Management now owns 5,498 shares of the company's stock valued at $38,000 after purchasing an additional 2,158 shares during the period. Nisa Investment Advisors LLC increased its position in shares of Peloton Interactive by 40.2% in the first quarter. Nisa Investment Advisors LLC now owns 6,503 shares of the company's stock worth $41,000 after purchasing an additional 1,864 shares during the period. Finally, GAMMA Investing LLC increased its stake in Peloton Interactive by 1,082.5% in the first quarter. GAMMA Investing LLC now owns 8,159 shares of the company's stock valued at $52,000 after acquiring an additional 7,469 shares during the last quarter. 77.01% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several analysts recently weighed in on PTON shares. Macquarie lifted their price objective on shares of Peloton Interactive from $10.00 to $11.00 and gave the company an "outperform" rating in a research report on Thursday, August 14th. Truist Financial set a $11.00 price objective on shares of Peloton Interactive in a research report on Thursday, August 7th. The Goldman Sachs Group upgraded shares of Peloton Interactive from a "neutral" rating to a "buy" rating and increased their target price for the stock from $7.00 to $11.50 in a research report on Friday, August 8th. UBS Group raised Peloton Interactive from a "neutral" rating to a "buy" rating and increased their price objective for the company from $7.50 to $11.00 in a report on Wednesday, July 30th. Finally, Telsey Advisory Group reaffirmed a "market perform" rating and issued a $8.00 price target on shares of Peloton Interactive in a research report on Thursday, August 7th. Eight equities research analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company. Based on data from MarketBeat.com, Peloton Interactive presently has a consensus rating of "Hold" and a consensus target price of $9.29.

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.

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