Peloton Interactive, Inc. (NASDAQ:PTON) CFO Elizabeth F. Coddington Sells 38,708 Shares

Peloton Interactive, Inc. (NASDAQ:PTON - Get Free Report) CFO Elizabeth F. Coddington sold 38,708 shares of the firm's stock in a transaction on Monday, June 16th. The shares were sold at an average price of $6.96, for a total value of $269,407.68. Following the sale, the chief financial officer now directly owns 294,342 shares of the company's stock, valued at $2,048,620.32. This represents a 11.62% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Peloton Interactive Stock Down 0.6%

NASDAQ PTON traded down $0.04 during trading on Friday, reaching $6.18. 13,220,963 shares of the stock traded hands, compared to its average volume of 15,474,337. Peloton Interactive, Inc. has a fifty-two week low of $2.83 and a fifty-two week high of $10.90. The firm has a market cap of $2.41 billion, a price-to-earnings ratio of -14.05 and a beta of 2.15. The stock's 50-day moving average price is $6.63 and its 200 day moving average price is $7.55.

Peloton Interactive (NASDAQ:PTON - Get Free Report) last released its quarterly earnings data on Thursday, May 8th. The company reported ($0.12) EPS for the quarter, missing analysts' consensus estimates of ($0.06) by ($0.06). The company had revenue of $624.00 million for the quarter, compared to analyst estimates of $620.39 million. The firm's quarterly revenue was down 13.1% compared to the same quarter last year. During the same period in the prior year, the company posted ($0.45) EPS. Analysts anticipate that Peloton Interactive, Inc. will post -0.36 EPS for the current fiscal year.

Institutional Investors Weigh In On Peloton Interactive

A number of hedge funds have recently modified their holdings of the business. Townsquare Capital LLC grew its position in shares of Peloton Interactive by 6.5% in the 4th quarter. Townsquare Capital LLC now owns 19,280 shares of the company's stock valued at $168,000 after purchasing an additional 1,172 shares during the period. Comerica Bank raised its holdings in Peloton Interactive by 29.1% during the 4th quarter. Comerica Bank now owns 6,164 shares of the company's stock worth $54,000 after buying an additional 1,389 shares during the period. Cetera Investment Advisers lifted its stake in Peloton Interactive by 9.1% in the fourth quarter. Cetera Investment Advisers now owns 17,144 shares of the company's stock valued at $149,000 after buying an additional 1,432 shares in the last quarter. Victory Capital Management Inc. boosted its holdings in shares of Peloton Interactive by 3.8% in the fourth quarter. Victory Capital Management Inc. now owns 42,084 shares of the company's stock valued at $366,000 after buying an additional 1,534 shares during the period. Finally, Federated Hermes Inc. boosted its holdings in shares of Peloton Interactive by 0.3% in the first quarter. Federated Hermes Inc. now owns 533,820 shares of the company's stock valued at $3,374,000 after buying an additional 1,643 shares during the period. Institutional investors and hedge funds own 77.01% of the company's stock.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on PTON shares. Needham & Company LLC reaffirmed a "hold" rating on shares of Peloton Interactive in a research note on Friday, May 9th. Canaccord Genuity Group upgraded shares of Peloton Interactive from a "hold" rating to a "buy" rating and set a $10.00 price objective for the company in a research report on Friday, March 14th. JMP Securities reiterated a "market perform" rating on shares of Peloton Interactive in a research report on Monday, April 14th. Morgan Stanley lowered their target price on Peloton Interactive from $5.75 to $4.00 and set an "equal weight" rating for the company in a research note on Thursday, April 17th. Finally, Macquarie raised Peloton Interactive from a "neutral" rating to an "outperform" rating and upped their price target for the company from $9.00 to $10.00 in a research note on Tuesday, May 13th. Thirteen equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat, the stock has an average rating of "Hold" and a consensus price target of $8.30.

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.