Elizabeth F. Coddington Sells 170,819 Shares of Peloton Interactive, Inc. (NASDAQ:PTON) Stock

Peloton Interactive, Inc. (NASDAQ:PTON) CFO Elizabeth F. Coddington sold 170,819 shares of Peloton Interactive stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $9.62, for a total value of $1,643,278.78. Following the completion of the transaction, the chief financial officer now directly owns 275,212 shares in the company, valued at $2,647,539.44. This represents a 38.30 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this hyperlink.

Peloton Interactive Price Performance

Shares of PTON stock traded up $0.16 on Wednesday, hitting $9.79. The company’s stock had a trading volume of 12,452,433 shares, compared to its average volume of 15,103,203. The stock has a market capitalization of $3.82 billion, a price-to-earnings ratio of -12.71 and a beta of 1.95. Peloton Interactive, Inc. has a fifty-two week low of $2.70 and a fifty-two week high of $10.90. The firm’s fifty day moving average price is $8.88 and its 200-day moving average price is $6.99.

Peloton Interactive (NASDAQ:PTON) last announced its quarterly earnings results on Thursday, February 6th. The company reported ($0.24) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.20) by ($0.04). Analysts predict that Peloton Interactive, Inc. will post -0.37 EPS for the current fiscal year.

Hedge Funds Weigh In On Peloton Interactive

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Gtcr LLC acquired a new stake in shares of Peloton Interactive in the third quarter worth $65,520,000. Hennessy Advisors Inc. bought a new stake in Peloton Interactive during the fourth quarter valued at about $85,260,000. T. Rowe Price Investment Management Inc. boosted its holdings in Peloton Interactive by 38.0% during the fourth quarter. T. Rowe Price Investment Management Inc. now owns 16,820,256 shares of the company’s stock valued at $146,337,000 after acquiring an additional 4,635,667 shares during the period. Assenagon Asset Management S.A. acquired a new stake in shares of Peloton Interactive in the fourth quarter valued at about $39,992,000. Finally, Connor Clark & Lunn Investment Management Ltd. increased its stake in shares of Peloton Interactive by 245.7% in the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 4,227,854 shares of the company’s stock worth $36,782,000 after purchasing an additional 3,004,757 shares during the period. Institutional investors and hedge funds own 77.01% of the company’s stock.

Wall Street Analysts Forecast Growth

PTON has been the topic of several research analyst reports. Argus upgraded shares of Peloton Interactive from a “hold” rating to a “buy” rating and set a $15.00 price objective on the stock in a research report on Tuesday, February 11th. Robert W. Baird lifted their price target on Peloton Interactive from $4.75 to $8.00 and gave the company a “neutral” rating in a report on Friday, November 1st. UBS Group raised Peloton Interactive from a “sell” rating to a “neutral” rating and increased their price objective for the stock from $2.50 to $10.00 in a research note on Friday, December 6th. BMO Capital Markets upped their target price on Peloton Interactive from $6.50 to $8.50 and gave the company a “market perform” rating in a report on Monday, November 4th. Finally, Morgan Stanley raised their price target on shares of Peloton Interactive from $3.50 to $5.00 and gave the stock an “equal weight” rating in a report on Friday, November 1st. Sixteen research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $8.38.

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.