Insider Selling: Peloton Interactive (NASDAQ:PTON) CFO Sells $176,515.71 in Stock

Peloton Interactive, Inc. (NASDAQ:PTON) CFO Elizabeth Coddington sold 21,819 shares of the company’s stock in a transaction dated Monday, September 15th. The stock was sold at an average price of $8.09, for a total transaction of $176,515.71. Following the sale, the chief financial officer directly owned 346,535 shares of the company’s stock, valued at $2,803,468.15. This represents a 5.92% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

Peloton Interactive Trading Down 2.5%

Shares of NASDAQ PTON opened at $7.93 on Friday. The company has a market cap of $3.23 billion, a price-to-earnings ratio of -25.58 and a beta of 2.07. Peloton Interactive, Inc. has a 12 month low of $4.25 and a 12 month high of $10.90. The stock has a 50-day moving average price of $7.40 and a two-hundred day moving average price of $6.80.

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

Analyst Upgrades and Downgrades

PTON has been the subject of several recent research reports. Morgan Stanley upped their price objective on Peloton Interactive from $4.00 to $5.75 and gave the company an “equal weight” rating in a research note on Monday, August 4th. Truist Financial set a $11.00 price target on Peloton Interactive in a report on Thursday, August 7th. Telsey Advisory Group reiterated a “market perform” rating and issued a $8.00 target price on shares of Peloton Interactive in a report on Thursday, August 7th. Needham & Company LLC reissued a “hold” rating on shares of Peloton Interactive in a research report on Thursday, August 7th. Finally, UBS Group raised Peloton Interactive from a “neutral” rating to a “buy” rating and raised their target price for the company from $7.50 to $11.00 in a research report on Wednesday, July 30th. Eight equities research analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $9.29.

Institutional Trading of Peloton Interactive

Large investors have recently modified their holdings of the business. FNY Investment Advisers LLC bought a new stake in shares of Peloton Interactive during the 1st quarter valued at about $37,000. Bessemer Group Inc. raised its holdings in shares of Peloton Interactive by 1,602.6% during the 2nd quarter. Bessemer Group Inc. now owns 5,312 shares of the company’s stock valued at $37,000 after buying an additional 5,000 shares in the last quarter. MAI Capital Management raised its holdings in shares of Peloton Interactive by 64.6% during the 2nd quarter. MAI Capital Management now owns 5,498 shares of the company’s stock valued at $38,000 after buying an additional 2,158 shares in the last quarter. Nisa Investment Advisors LLC raised its holdings in shares of Peloton Interactive by 40.2% during the 1st quarter. Nisa Investment Advisors LLC now owns 6,503 shares of the company’s stock valued at $41,000 after buying an additional 1,864 shares in the last quarter. Finally, GAMMA Investing LLC raised its holdings in shares of Peloton Interactive by 1,082.5% during the 1st quarter. GAMMA Investing LLC now owns 8,159 shares of the company’s stock valued at $52,000 after buying an additional 7,469 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.