Peloton Interactive (NASDAQ:PTON) Insider Jennifer Cunningham Cotter Sells 128,429 Shares of Stock

Peloton Interactive, Inc. (NASDAQ:PTON) insider Jennifer Cunningham Cotter sold 128,429 shares of the company’s stock in a transaction on Tuesday, September 16th. The shares were sold at an average price of $7.79, for a total value of $1,000,461.91. Following the transaction, the insider directly owned 210,504 shares in the company, valued at $1,639,826.16. This represents a 37.89% decrease in their position. The sale 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 Wednesday, August 20th, Jennifer Cunningham Cotter sold 134,476 shares of Peloton Interactive stock. The shares were 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 Price Performance

Shares of NASDAQ PTON opened at $7.94 on Wednesday. Peloton Interactive, Inc. has a one year low of $4.25 and a one year high of $10.90. The business’s fifty day moving average price is $7.34 and its 200-day moving average price is $6.79. The stock has a market capitalization of $3.24 billion, a PE ratio of -25.61 and a beta of 2.07.

Peloton Interactive (NASDAQ:PTON) last issued its quarterly earnings results on Thursday, August 7th. The company reported $0.05 EPS for the quarter, beating analysts’ consensus estimates 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 period in the prior year, the company earned ($0.08) EPS. The firm’s quarterly revenue was down 5.8% on a year-over-year basis. Peloton Interactive has set its FY 2025 guidance at EPS. As a group, equities analysts expect that Peloton Interactive, Inc. will post -0.36 EPS for the current fiscal year.

Hedge Funds Weigh In On Peloton Interactive

Institutional investors and hedge funds have recently bought and sold shares of the stock. Bessemer Group Inc. grew its position in Peloton Interactive by 1,602.6% during the 2nd quarter. Bessemer Group Inc. now owns 5,312 shares of the company’s stock worth $37,000 after acquiring an additional 5,000 shares during the last quarter. MAI Capital Management grew its position in Peloton Interactive by 64.6% during the 2nd quarter. MAI Capital Management now owns 5,498 shares of the company’s stock worth $38,000 after acquiring an additional 2,158 shares during the last quarter. FNY Investment Advisers LLC bought a new position in Peloton Interactive during the 1st quarter worth approximately $37,000. Comerica Bank grew its position in Peloton Interactive by 29.1% during the 4th quarter. Comerica Bank now owns 6,164 shares of the company’s stock worth $54,000 after acquiring an additional 1,389 shares during the last quarter. Finally, Nisa Investment Advisors LLC grew its position in Peloton Interactive by 40.2% during the 1st quarter. Nisa Investment Advisors LLC now owns 6,503 shares of the company’s stock worth $41,000 after acquiring an additional 1,864 shares during the last quarter. 77.01% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of analysts recently issued reports on PTON shares. Truist Financial set a $11.00 price objective on Peloton Interactive in a report on Thursday, August 7th. UBS Group raised Peloton Interactive from a “neutral” rating to a “buy” rating and increased their price objective for the stock from $7.50 to $11.00 in a report on Wednesday, July 30th. The Goldman Sachs Group raised Peloton Interactive from a “neutral” rating to a “buy” rating and increased their price objective for the stock from $7.00 to $11.50 in a report on Friday, August 8th. Telsey Advisory Group reissued a “market perform” rating and set a $8.00 price objective on shares of Peloton Interactive in a report on Thursday, August 7th. Finally, Needham & Company LLC reissued a “hold” rating on shares of Peloton Interactive in a report on Thursday, August 7th. Eight investment analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $9.29.

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.