Jennifer Cunningham Cotter Sells 187,238 Shares of Peloton Interactive, Inc. (NASDAQ:PTON) Stock

Peloton Interactive, Inc. (NASDAQ:PTON) insider Jennifer Cunningham Cotter sold 187,238 shares of the company’s stock in a transaction dated Thursday, March 6th. The stock was sold at an average price of $6.45, for a total value of $1,207,685.10. Following the completion of the sale, the insider now owns 100,269 shares of the company’s stock, valued at approximately $646,735.05. The trade was a 65.12 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

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

• On Thursday, February 20th, Jennifer Cunningham Cotter sold 47,457 shares of Peloton Interactive stock. The stock was sold at an average price of $9.11, for a total value of $432,333.27.

Peloton Interactive Trading Down 1.9 %

Shares of NASDAQ PTON opened at $6.21 on Friday. Peloton Interactive, Inc. has a 12-month low of $2.70 and a 12-month high of $10.90. The stock has a market cap of $2.42 billion, a P/E ratio of -8.06 and a beta of 1.95. The business’s fifty day simple moving average is $8.39 and its 200-day simple moving average is $7.37.

Peloton Interactive (NASDAQ:PTON) last posted 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). On average, equities analysts forecast that Peloton Interactive, Inc. will post -0.36 EPS for the current fiscal year.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on the company. Telsey Advisory Group reaffirmed a “market perform” rating and issued a $11.00 price objective on shares of Peloton Interactive in a research note on Monday, February 3rd. The Goldman Sachs Group upped their price objective on Peloton Interactive from $8.00 to $10.00 and gave the stock a “neutral” rating in a research note on Monday, February 10th. Argus raised Peloton Interactive from a “hold” rating to a “buy” rating and set a $15.00 price target for the company in a research note on Tuesday, February 11th. Needham & Company LLC reissued a “hold” rating on shares of Peloton Interactive in a research note on Thursday, February 6th. Finally, UBS Group raised Peloton Interactive from a “sell” rating to a “neutral” rating and increased their price target for the company from $2.50 to $10.00 in a research note on Friday, December 6th. Sixteen research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $8.38.

Hedge Funds Weigh In On Peloton Interactive

Several hedge funds have recently made changes to their positions in the company. Vanguard Group Inc. grew its holdings in shares of Peloton Interactive by 4.9% during the fourth quarter. Vanguard Group Inc. now owns 35,059,790 shares of the company’s stock worth $305,020,000 after purchasing an additional 1,645,640 shares during the last quarter. T. Rowe Price Investment Management Inc. grew its holdings in shares of 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 worth $146,337,000 after purchasing an additional 4,635,667 shares during the last quarter. Gtcr LLC purchased a new position in shares of Peloton Interactive during the third quarter worth about $65,520,000. DME Capital Management LP grew its holdings in shares of Peloton Interactive by 10.4% during the fourth quarter. DME Capital Management LP now owns 10,522,687 shares of the company’s stock worth $91,547,000 after purchasing an additional 992,797 shares during the last quarter. Finally, Hennessy Advisors Inc. purchased a new position in shares of Peloton Interactive during the fourth quarter worth about $85,260,000. Hedge funds and other 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.