133,092 Shares in Peloton Interactive, Inc. (NASDAQ:PTON) Bought by Raymond James Financial Inc.

Raymond James Financial Inc. purchased a new stake in shares of Peloton Interactive, Inc. (NASDAQ:PTON - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 133,092 shares of the company's stock, valued at approximately $1,158,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Victory Capital Management Inc. lifted its stake in shares of Peloton Interactive by 3.8% in the 4th quarter. Victory Capital Management Inc. now owns 42,084 shares of the company's stock valued at $366,000 after acquiring an additional 1,534 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its position in Peloton Interactive by 3.5% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 4,136,182 shares of the company's stock valued at $35,985,000 after purchasing an additional 139,826 shares during the last quarter. SBI Securities Co. Ltd. purchased a new stake in shares of Peloton Interactive during the fourth quarter valued at approximately $69,000. Jones Financial Companies Lllp grew its holdings in shares of Peloton Interactive by 33.9% in the fourth quarter. Jones Financial Companies Lllp now owns 9,496 shares of the company's stock worth $83,000 after purchasing an additional 2,403 shares during the last quarter. Finally, Oppenheimer & Co. Inc. purchased a new position in shares of Peloton Interactive in the fourth quarter worth $140,000. 77.01% of the stock is owned by institutional investors.

Insider Transactions at Peloton Interactive

In related news, insider Nick V. Caldwell sold 68,727 shares of the firm's stock in a transaction that occurred on Monday, March 17th. The shares were sold at an average price of $6.59, for a total transaction of $452,910.93. Following the completion of the sale, the insider now owns 474,234 shares of the company's stock, valued at $3,125,202.06. This trade represents a 12.66 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Andrew S. Rendich sold 121,883 shares of the company's stock in a transaction that occurred on Tuesday, February 18th. The shares were sold at an average price of $9.54, for a total value of $1,162,763.82. Following the completion of the transaction, the insider now directly owns 404,188 shares in the company, valued at $3,855,953.52. This trade represents a 23.17 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 674,338 shares of company stock valued at $5,522,838 in the last quarter. 1.34% of the stock is owned by insiders.

Peloton Interactive Price Performance

NASDAQ:PTON opened at $5.40 on Friday. The firm has a market capitalization of $2.11 billion, a P/E ratio of -7.01 and a beta of 2.21. Peloton Interactive, Inc. has a one year low of $2.70 and a one year high of $10.90. The company's 50-day simple moving average is $7.54 and its 200 day simple moving average is $7.60.

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Peloton Interactive (NASDAQ:PTON - Get Free Report) last issued its quarterly earnings results on Thursday, February 6th. The company reported ($0.24) EPS for the quarter, missing analysts' consensus estimates of ($0.20) by ($0.04). On average, equities research analysts expect that Peloton Interactive, Inc. will post -0.36 earnings per share for the current fiscal year.

Analysts Set New Price Targets

PTON has been the subject of several analyst reports. Telsey Advisory Group reissued a "market perform" rating and set a $11.00 price target on shares of Peloton Interactive in a research report on Monday, February 3rd. Canaccord Genuity Group upgraded shares of Peloton Interactive from a "hold" rating to a "buy" rating and set a $10.00 target price for the company in a report on Friday, March 14th. Argus upgraded Peloton Interactive from a "hold" rating to a "buy" rating and set a $15.00 price target on the stock in a report on Tuesday, February 11th. Macquarie reiterated a "neutral" rating and issued a $9.00 price objective on shares of Peloton Interactive in a report on Monday, February 10th. Finally, JMP Securities reissued a "market perform" rating on shares of Peloton Interactive in a research note on Friday, February 7th. Fifteen analysts have rated the stock with a hold rating and five have given a buy rating to the company's stock. According to data from MarketBeat.com, Peloton Interactive presently has an average rating of "Hold" and an average target price of $8.69.

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.

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