Jennifer Cunningham Cotter Sells 134,476 Shares of Peloton Interactive (NASDAQ:PTON) Stock

Peloton Interactive, Inc. (NASDAQ:PTON) insider Jennifer Cunningham Cotter sold 134,476 shares of Peloton Interactive stock in a transaction on Wednesday, August 20th. The stock was sold at an average price of $7.61, for a total transaction of $1,023,362.36. Following the transaction, the insider directly owned 100,269 shares in the company, valued at $763,047.09. This represents a 57.29% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

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

• On Monday, August 18th, Jennifer Cunningham Cotter sold 146,315 shares of Peloton Interactive stock. The stock was sold at an average price of $8.37, for a total transaction of $1,224,656.55.

Peloton Interactive Price Performance

PTON opened at $7.91 on Friday. Peloton Interactive, Inc. has a 1 year low of $4.12 and a 1 year high of $10.90. The company has a market capitalization of $3.23 billion, a price-to-earnings ratio of -25.52 and a beta of 2.08. The firm’s fifty day moving average price is $6.93 and its two-hundred day moving average price is $6.92.

Peloton Interactive (NASDAQ:PTON) last released 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 firm had revenue of $606.90 million for the quarter, compared to analysts’ expectations of $580.29 million. During the same quarter last year, the firm posted ($0.08) earnings per share. 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. As a group, equities analysts anticipate that Peloton Interactive, Inc. will post -0.36 EPS for the current year.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on the company. The Goldman Sachs Group raised Peloton Interactive from a “neutral” rating to a “buy” rating and boosted their price objective for the stock from $7.00 to $11.50 in a research report on Friday, August 8th. Telsey Advisory Group reissued a “market perform” rating and issued a $8.00 price target on shares of Peloton Interactive in a report on Thursday, August 7th. Truist Financial set a $11.00 price target on shares of Peloton Interactive in a report on Thursday, August 7th. Macquarie boosted their price target on shares of Peloton Interactive from $10.00 to $11.00 and gave the stock an “outperform” rating in a report on Thursday, August 14th. Finally, Needham & Company LLC reiterated a “hold” rating on shares of Peloton Interactive in a research note on Thursday, August 7th. Eight analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company’s stock. According to MarketBeat, Peloton Interactive currently has a consensus rating of “Hold” and a consensus price target of $9.29.

Institutional Investors Weigh In On Peloton Interactive

Several institutional investors have recently added to or reduced their stakes in the business. Cim Investment Management Inc. lifted its holdings in Peloton Interactive by 99.7% during the second quarter. Cim Investment Management Inc. now owns 20,582 shares of the company’s stock valued at $143,000 after purchasing an additional 10,273 shares during the last quarter. CANADA LIFE ASSURANCE Co lifted its stake in shares of Peloton Interactive by 263.8% during the 2nd quarter. CANADA LIFE ASSURANCE Co now owns 102,972 shares of the company’s stock valued at $715,000 after buying an additional 74,671 shares in the last quarter. Tower Research Capital LLC TRC lifted its stake in shares of Peloton Interactive by 339.0% during the 2nd quarter. Tower Research Capital LLC TRC now owns 52,336 shares of the company’s stock valued at $363,000 after buying an additional 40,414 shares in the last quarter. Sender Co & Partners Inc. purchased a new stake in shares of Peloton Interactive during the 2nd quarter valued at approximately $419,000. Finally, Vident Advisory LLC lifted 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 valued at $765,000 after buying an additional 1,180 shares in the last quarter. 77.01% of the stock is owned by hedge funds and other institutional investors.

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.