Peloton Interactive, Inc. (NASDAQ:PTON) Insider Jennifer Cunningham Cotter Sells 145,622 Shares

Peloton Interactive, Inc. (NASDAQ:PTON) insider Jennifer Cunningham Cotter sold 145,622 shares of the stock in a transaction on Friday, May 16th. The shares were sold at an average price of $6.25, for a total value of $910,137.50. Following the completion of the transaction, the insider now owns 235,439 shares in the company, valued at $1,471,493.75. The trade was a 38.21% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link.

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

• On Thursday, March 6th, Jennifer Cunningham Cotter sold 187,238 shares of Peloton Interactive stock. The stock was sold at an average price of $6.45, for a total value of $1,207,685.10.
• On Thursday, February 20th, Jennifer Cunningham Cotter sold 47,457 shares of Peloton Interactive stock. The shares were sold at an average price of $9.11, for a total value of $432,333.27.

Peloton Interactive Trading Down 0.8%

Shares of Peloton Interactive stock opened at $6.29 on Tuesday. The company has a market cap of $2.45 billion, a PE ratio of -8.17 and a beta of 2.25. The company has a 50 day moving average of $6.24 and a 200-day moving average of $7.80. Peloton Interactive, Inc. has a 1-year low of $2.83 and a 1-year high of $10.90.

Peloton Interactive (NASDAQ:PTON) last announced its quarterly earnings data on Thursday, May 8th. The company reported ($0.12) earnings per share for the quarter, missing the consensus estimate of ($0.06) by ($0.06). The company had revenue of $624.00 million during the quarter, compared to analyst estimates of $620.39 million. The firm’s revenue was down 13.1% compared to the same quarter last year. During the same period in the prior year, the company posted ($0.45) EPS. Research analysts forecast that Peloton Interactive, Inc. will post -0.36 earnings per share for the current year.

Analysts Set New Price Targets

Several analysts have commented on PTON shares. Needham & Company LLC reiterated a “hold” rating on shares of Peloton Interactive in a research report on Friday, May 9th. JMP Securities reiterated a “market perform” rating on shares of Peloton Interactive in a report on Monday, April 14th. Truist Financial upgraded shares of Peloton Interactive from a “hold” rating to a “buy” rating and set a $11.00 price objective for the company in a research report on Monday, April 28th. Canaccord Genuity Group raised Peloton Interactive from a “hold” rating to a “buy” rating and set a $10.00 price target on the stock in a research note on Friday, March 14th. Finally, Deutsche Bank Aktiengesellschaft raised shares of Peloton Interactive from a “hold” rating to a “buy” rating and set a $6.60 price target for the company in a research note on Monday, April 14th. Thirteen research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $8.30.

Institutional Investors Weigh In On Peloton Interactive

A number of hedge funds and other institutional investors have recently bought and sold shares of PTON. T. Rowe Price Investment Management Inc. boosted its stake in shares of Peloton Interactive by 29.4% during the first quarter. T. Rowe Price Investment Management Inc. now owns 21,760,678 shares of the company’s stock valued at $137,528,000 after purchasing an additional 4,940,422 shares in the last quarter. Nuveen LLC acquired a new stake in Peloton Interactive during the 1st quarter worth approximately $23,239,000. Connor Clark & Lunn Investment Management Ltd. increased its position in Peloton Interactive by 245.7% in the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 4,227,854 shares of the company’s stock valued at $36,782,000 after acquiring an additional 3,004,757 shares during the period. Voloridge Investment Management LLC raised its stake in shares of Peloton Interactive by 1,438.9% during the fourth quarter. Voloridge Investment Management LLC now owns 3,109,054 shares of the company’s stock valued at $27,049,000 after acquiring an additional 2,907,023 shares during the last quarter. Finally, Vanguard Group Inc. grew its stake in shares of Peloton Interactive by 6.2% in the first quarter. Vanguard Group Inc. now owns 37,246,652 shares of the company’s stock worth $235,399,000 after purchasing an additional 2,186,862 shares during 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.