Jennifer Cunningham Cotter Sells 146,315 Shares of Peloton Interactive (NASDAQ:PTON) Stock

Key Points

• Jennifer Cunningham Cotter, an insider at Peloton Interactive, sold 146,315 shares of the company's stock at an average price of $8.37, marking a 38.40% decrease in her holdings.
• Peloton reported a quarterly earnings per share (EPS) of $0.05, surpassing estimates and generating $606.90 million in revenue, although this reflected a 5.8% decrease compared to the same quarter last year.
• Research firms upgraded Peloton, with Goldman Sachs raising its price target to $11.50 and multiple analysts rating the stock as a "buy," indicating positive market sentiment.

Peloton Interactive, Inc. (NASDAQ:PTON - Get Free Report) insider Jennifer Cunningham Cotter sold 146,315 shares of Peloton Interactive stock in a transaction on Monday, August 18th. The shares were sold at an average price of $8.37, for a total value of $1,224,656.55. Following the completion of the sale, the insider owned 234,745 shares in the company, valued at $1,964,815.65. This represents a 38.40% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

Peloton Interactive Price Performance

Shares of PTON stock traded down $0.61 on Tuesday, hitting $7.84. The stock had a trading volume of 13,258,056 shares, compared to its average volume of 16,880,476. Peloton Interactive, Inc. has a 1 year low of $3.14 and a 1 year high of $10.90. The company's 50 day moving average price is $6.89 and its 200-day moving average price is $6.90.

Peloton Interactive (NASDAQ:PTON - Get Free Report) last posted its quarterly earnings data on Thursday, August 7th. The company reported $0.05 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.07) by $0.12. The firm had revenue of $606.90 million during the quarter, compared to analysts' expectations of $580.29 million. Peloton Interactive's quarterly revenue was down 5.8% compared to the same quarter last year. During the same quarter in the prior year, the firm posted ($0.08) EPS. Peloton Interactive has set its FY 2025 guidance at EPS. On average, sell-side analysts anticipate that Peloton Interactive, Inc. will post -0.36 EPS for the current year.

Analysts Set New Price Targets

Several research firms recently issued reports on PTON. The Goldman Sachs Group upgraded Peloton Interactive from a "neutral" rating to a "buy" rating and boosted their price objective for the company from $7.00 to $11.50 in a report on Friday, August 8th. UBS Group upgraded Peloton Interactive from a "neutral" rating to a "buy" rating and upped their price target for the stock from $7.50 to $11.00 in a report on Wednesday, July 30th. Truist Financial set a $11.00 price target on Peloton Interactive in a report on Thursday, August 7th. Morgan Stanley upped their price target on Peloton Interactive from $4.00 to $5.75 and gave the stock an "equal weight" rating in a report on Monday, August 4th. Finally, Telsey Advisory Group restated a "market perform" rating and set a $8.00 price target on shares of Peloton Interactive in a report on Thursday, August 7th. Nine equities research analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus target price of $8.79.

Institutional Trading of Peloton Interactive

Several institutional investors and hedge funds have recently added to or reduced their stakes in PTON. Eminence Capital LP purchased a new stake in Peloton Interactive during the 2nd quarter valued at approximately $112,681,000. T. Rowe Price Investment Management Inc. raised its stake in Peloton Interactive by 29.4% during the 1st quarter. T. Rowe Price Investment Management Inc. now owns 21,760,678 shares of the company's stock valued at $137,528,000 after acquiring an additional 4,940,422 shares during the last quarter. Nuveen LLC purchased a new stake in Peloton Interactive during the 1st quarter valued at approximately $23,239,000. DNB Asset Management AS raised its stake in Peloton Interactive by 592.6% during the 2nd quarter. DNB Asset Management AS now owns 3,711,752 shares of the company's stock valued at $25,760,000 after acquiring an additional 3,175,861 shares during the last quarter. Finally, Voloridge Investment Management LLC raised its stake in Peloton Interactive by 1,438.9% during the 4th quarter. Voloridge Investment Management LLC now owns 3,109,054 shares of the company's stock valued at $27,049,000 after acquiring an additional 2,907,023 shares during the last quarter. 77.01% of the stock is 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.

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