Peloton Interactive (NASDAQ:PTON) CFO Sells $1,564,604.40 in Stock

Key Points

• Peloton Interactive's CFO, Elizabeth Coddington, sold 185,820 shares valued at $1,564,604.40, reducing her ownership by 34.91%.
• The company's shares have recently fallen by 7.2%, trading at $7.84 per share, while analysts predict a -0.36 EPS for the current fiscal year.
• Peloton received upgrades from analysts at UBS and Goldman Sachs, raising target prices to $11.00 and $11.50 respectively, indicating a positive outlook despite recent challenges.

Peloton Interactive, Inc. (NASDAQ:PTON - Get Free Report) CFO Elizabeth Coddington sold 185,820 shares of Peloton Interactive stock in a transaction that occurred on Monday, August 18th. The stock was sold at an average price of $8.42, for a total value of $1,564,604.40. Following the completion of the sale, the chief financial officer owned 346,535 shares in the company, valued at approximately $2,917,824.70. This represents a 34.91% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link.

Peloton Interactive Trading Down 7.2%

Shares of NASDAQ PTON traded down $0.61 during mid-day trading on Tuesday, hitting $7.84. 13,258,056 shares of the stock traded hands, compared to its average volume of 16,880,476. Peloton Interactive, Inc. has a 52 week low of $3.14 and a 52 week high of $10.90. The stock has a fifty day moving average price of $6.89 and a 200-day moving average price of $6.90.

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

Analyst Ratings Changes

PTON has been the topic of a number of research analyst reports. UBS Group upgraded Peloton Interactive from a "neutral" rating to a "buy" rating and boosted their target price for the stock from $7.50 to $11.00 in a research report on Wednesday, July 30th. The Goldman Sachs Group upgraded Peloton Interactive from a "neutral" rating to a "buy" rating and boosted their target price for the stock from $7.00 to $11.50 in a research report on Friday, August 8th. Telsey Advisory Group reiterated a "market perform" rating and issued a $8.00 target price on shares of Peloton Interactive in a research report on Thursday, August 7th. Morgan Stanley boosted their target price on Peloton Interactive from $4.00 to $5.75 and gave the stock an "equal weight" rating in a research report on Monday, August 4th. Finally, Truist Financial set a $11.00 target price on Peloton Interactive in a research report on Thursday, August 7th. Nine investment analysts have rated the stock with a Buy rating and ten have given a Hold rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and an average price target of $8.79.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. Townsquare Capital LLC grew its stake in Peloton Interactive by 6.5% in the fourth quarter. Townsquare Capital LLC now owns 19,280 shares of the company's stock worth $168,000 after purchasing an additional 1,172 shares in the last quarter. Vident Advisory LLC boosted its position in Peloton Interactive by 1.1% during the 2nd quarter. Vident Advisory LLC now owns 110,258 shares of the company's stock valued at $765,000 after acquiring an additional 1,180 shares in the last quarter. Comerica Bank boosted its position in Peloton Interactive by 29.1% during the 4th 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. Cetera Investment Advisers boosted its position in Peloton Interactive by 9.1% during the 4th quarter. Cetera Investment Advisers now owns 17,144 shares of the company's stock valued at $149,000 after acquiring an additional 1,432 shares in the last quarter. Finally, Federated Hermes Inc. boosted its position in Peloton Interactive by 0.3% during the 1st quarter. Federated Hermes Inc. now owns 533,820 shares of the company's stock valued at $3,374,000 after acquiring an additional 1,643 shares in the last quarter. Institutional investors own 77.01% of the company's stock.

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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