Peloton Interactive, Inc. (NASDAQ:PTON) CFO Sells $269,407.68 in Stock

Peloton Interactive, Inc. (NASDAQ:PTON - Get Free Report) CFO Elizabeth F. Coddington sold 38,708 shares of the stock in a transaction that occurred on Monday, June 16th. The stock was sold at an average price of $6.96, for a total value of $269,407.68. Following the completion of the transaction, 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 position. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink.

Peloton Interactive Stock Down 11.8%

Peloton Interactive stock traded down $0.82 during mid-day trading on Tuesday, reaching $6.11. 27,397,984 shares of the stock traded hands, compared to its average volume of 15,420,648. The business's 50-day moving average is $6.61 and its 200-day moving average is $7.59. Peloton Interactive, Inc. has a 12-month low of $2.83 and a 12-month high of $10.90.

Peloton Interactive (NASDAQ:PTON - Get Free Report) last released its earnings results on Thursday, May 8th. The company reported ($0.12) EPS for the quarter, missing analysts' consensus estimates of ($0.06) by ($0.06). The business had revenue of $624.00 million for the quarter, compared to the consensus estimate of $620.39 million. The company's revenue for the quarter was down 13.1% compared to the same quarter last year. During the same quarter last year, the firm posted ($0.45) EPS. As a group, sell-side analysts predict that Peloton Interactive, Inc. will post -0.36 EPS for the current year.

Hedge Funds Weigh In On Peloton Interactive

Large investors have recently made changes to their positions in the business. Russell Investments Group Ltd. lifted its holdings in Peloton Interactive by 969.6% in the 4th quarter. Russell Investments Group Ltd. now owns 4,011 shares of the company's stock worth $35,000 after purchasing an additional 3,636 shares in the last quarter. FNY Investment Advisers LLC bought a new position in shares of Peloton Interactive during the first quarter worth $37,000. Comerica Bank grew its stake in Peloton Interactive by 29.1% during the fourth quarter. Comerica Bank now owns 6,164 shares of the company's stock valued at $54,000 after acquiring an additional 1,389 shares in the last quarter. Nisa Investment Advisors LLC increased its holdings in Peloton Interactive by 40.2% in the 1st quarter. Nisa Investment Advisors LLC now owns 6,503 shares of the company's stock valued at $41,000 after acquiring an additional 1,864 shares during the last quarter. Finally, SBI Securities Co. Ltd. purchased a new stake in Peloton Interactive in the 4th quarter worth $69,000. 77.01% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of brokerages have weighed in on PTON. Telsey Advisory Group decreased their target price on shares of Peloton Interactive from $9.00 to $8.00 and set a "market perform" rating for the company in a research note on Friday, May 9th. Macquarie raised shares of Peloton Interactive from a "neutral" rating to an "outperform" rating and increased their price objective for the company from $9.00 to $10.00 in a research report on Tuesday, May 13th. Morgan Stanley decreased their target price on shares of Peloton Interactive from $5.75 to $4.00 and set an "equal weight" rating for the company in a report on Thursday, April 17th. Truist Financial upgraded shares of Peloton Interactive from a "hold" rating to a "buy" rating and set a $11.00 price objective for the company in a report on Monday, April 28th. Finally, JMP Securities reiterated a "market perform" rating on shares of Peloton Interactive in a research note on Monday, April 14th. Thirteen equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Hold" and an average price target of $8.30.

Peloton Interactive Company Profile

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.