1,223,097 Shares in Peloton Interactive, Inc. (NASDAQ:PTON) Bought by Connor Clark & Lunn Investment Management Ltd.

Connor Clark & Lunn Investment Management Ltd. bought a new position in shares of Peloton Interactive, Inc. (NASDAQ:PTON - Free Report) during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor bought 1,223,097 shares of the company's stock, valued at approximately $5,724,000. Connor Clark & Lunn Investment Management Ltd. owned approximately 0.32% of Peloton Interactive as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently bought and sold shares of the company. Vanguard Group Inc. raised its stake in shares of Peloton Interactive by 4.0% during the 1st quarter. Vanguard Group Inc. now owns 31,554,832 shares of the company's stock worth $135,212,000 after purchasing an additional 1,215,397 shares in the last quarter. DNB Asset Management AS raised its position in Peloton Interactive by 42.4% during the second quarter. DNB Asset Management AS now owns 12,130,553 shares of the company's stock worth $40,880,000 after acquiring an additional 3,611,069 shares in the last quarter. DME Capital Management LP acquired a new stake in Peloton Interactive in the second quarter valued at $22,947,000. Clearline Capital LP bought a new position in shares of Peloton Interactive in the 2nd quarter valued at about $7,527,000. Finally, Jacobs Levy Equity Management Inc. acquired a new position in shares of Peloton Interactive during the 1st quarter worth about $5,877,000. 77.01% of the stock is owned by institutional investors and hedge funds.

Peloton Interactive Trading Up 5.3 %

NASDAQ:PTON traded up $0.48 on Friday, hitting $9.54. The company had a trading volume of 20,356,968 shares, compared to its average volume of 25,334,142. Peloton Interactive, Inc. has a 52 week low of $2.70 and a 52 week high of $9.78. The stock has a market capitalization of $3.64 billion, a price-to-earnings ratio of -8.92 and a beta of 1.93. The firm has a 50 day moving average of $6.21 and a two-hundred day moving average of $4.59.

Peloton Interactive (NASDAQ:PTON - Get Free Report) last announced its quarterly earnings results on Thursday, October 31st. The company reported ($0.16) EPS for the quarter, missing analysts' consensus estimates of ($0.15) by ($0.01). The firm had revenue of $586.00 million during the quarter, compared to the consensus estimate of $572.97 million. The business's revenue was down 1.6% compared to the same quarter last year. During the same period last year, the firm earned ($0.44) EPS. As a group, equities analysts forecast that Peloton Interactive, Inc. will post -0.38 EPS for the current year.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on PTON. Morgan Stanley raised their target price on shares of Peloton Interactive from $3.50 to $5.00 and gave the company an "equal weight" rating in a research note on Friday, November 1st. Needham & Company LLC reiterated a "hold" rating on shares of Peloton Interactive in a research note on Friday, November 1st. Canaccord Genuity Group increased their price target on Peloton Interactive from $4.00 to $5.00 and gave the company a "hold" rating in a research note on Friday, August 23rd. Telsey Advisory Group lifted their price objective on shares of Peloton Interactive from $5.00 to $9.00 and gave the stock a "market perform" rating in a research report on Friday, November 1st. Finally, Truist Financial increased their price objective on shares of Peloton Interactive from $6.00 to $10.00 and gave the company a "hold" rating in a research report on Friday, November 1st. Fifteen equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus target price of $6.75.

Insider Activity

In related news, insider Andrew S. Rendich sold 138,391 shares of the stock in a transaction on Monday, November 18th. The stock was sold at an average price of $7.51, for a total value of $1,039,316.41. Following the completion of the sale, the insider now directly owns 287,973 shares in the company, valued at $2,162,677.23. This represents a 32.46 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Elizabeth F. Coddington sold 186,462 shares of the firm's stock in a transaction on Monday, November 18th. The stock was sold at an average price of $7.58, for a total value of $1,413,381.96. Following the transaction, the chief financial officer now directly owns 223,017 shares of the company's stock, valued at approximately $1,690,468.86. This represents a 45.54 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 506,517 shares of company stock valued at $3,524,339. 1.34% of the stock is currently owned by corporate insiders.

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.