Peloton Interactive (NASDAQ:PTON) Insider Sells $887,391.75 in Stock

Key Points

• Peloton Interactive insider Jennifer Cunningham Cotter sold a significant amount of stock, totaling $887,391.75 from 110,235 shares, representing a 52.37% decrease in her position.
• The company's stock is currently trading at $8.33, which is up 0.7%, with a market capitalization of $3.40 billion and a one-year high of $10.90.
• Peloton's recent earnings report showed $0.05 earnings per share, beating estimates, but revenue decreased 5.8% compared to the previous year.

Peloton Interactive, Inc. (NASDAQ:PTON - Get Free Report) insider Jennifer Cunningham Cotter sold 110,235 shares of the stock in a transaction on Thursday, September 18th. The stock was sold at an average price of $8.05, for a total transaction of $887,391.75. Following the transaction, the insider owned 100,269 shares in the company, valued at approximately $807,165.45. This trade represents a 52.37% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

Jennifer Cunningham Cotter also recently made the following trade(s):

• On Tuesday, September 16th, Jennifer Cunningham Cotter sold 128,429 shares of Peloton Interactive stock. The shares were sold at an average price of $7.79, for a total value of $1,000,461.91.
• On Wednesday, August 20th, Jennifer Cunningham Cotter sold 134,476 shares of Peloton Interactive stock. The stock was sold at an average price of $7.61, for a total value of $1,023,362.36.
• On Monday, August 18th, Jennifer Cunningham Cotter sold 146,315 shares of Peloton Interactive stock. The shares were sold at an average price of $8.37, for a total value of $1,224,656.55.

Peloton Interactive Trading Up 0.7%

Shares of Peloton Interactive stock traded up $0.06 during trading on Monday, reaching $8.33. The company's stock had a trading volume of 9,382,876 shares, compared to its average volume of 13,877,358. The stock has a 50-day moving average price of $7.44 and a two-hundred day moving average price of $6.82. The stock has a market capitalization of $3.40 billion, a P/E ratio of -26.87 and a beta of 2.07. Peloton Interactive, Inc. has a one year low of $4.25 and a one year high of $10.90.

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

Wall Street Analyst Weigh In

A number of research analysts have commented on PTON shares. Telsey Advisory Group reaffirmed a "market perform" rating and issued a $8.00 price objective on shares of Peloton Interactive in a report on Thursday, August 7th. UBS Group upgraded shares of Peloton Interactive from a "neutral" rating to a "buy" rating and upped their price objective for the stock from $7.50 to $11.00 in a research report on Wednesday, July 30th. Macquarie increased their target price on 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 target on shares of Peloton Interactive in a research note on Thursday, August 7th. Finally, Morgan Stanley lifted their price objective on Peloton Interactive from $4.00 to $5.75 and gave the stock an "equal weight" rating in a research note on Monday, August 4th. Eight equities research analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus price target of $9.29.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of PTON. Vident Advisory LLC raised its stake in shares of Peloton Interactive by 1.1% during the 2nd quarter. Vident Advisory LLC now owns 110,258 shares of the company's stock worth $765,000 after purchasing an additional 1,180 shares during the period. Cetera Investment Advisers raised its stake in shares of 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 during the period. Federated Hermes Inc. raised its stake 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. Victory Capital Management Inc. grew its position in shares of Peloton Interactive by 4.4% in the first quarter. Victory Capital Management Inc. now owns 43,944 shares of the company's stock valued at $278,000 after purchasing an additional 1,860 shares in the last quarter. Finally, Nisa Investment Advisors LLC grew 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 valued at $41,000 after purchasing an additional 1,864 shares in the last quarter. Hedge funds and other institutional investors own 77.01% of the company's stock.

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.

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