EFG Asset Management North America Corp. Makes New Investment in Peloton Interactive, Inc. (NASDAQ:PTON)

EFG Asset Management North America Corp. acquired a new position in shares of Peloton Interactive, Inc. (NASDAQ:PTON - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 259,377 shares of the company's stock, valued at approximately $2,258,000. EFG Asset Management North America Corp. owned 0.07% of Peloton Interactive as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of PTON. R Squared Ltd bought a new position in Peloton Interactive in the fourth quarter valued at about $28,000. Point72 Asia Singapore Pte. Ltd. raised its holdings in Peloton Interactive by 31.9% in the 3rd quarter. Point72 Asia Singapore Pte. Ltd. now owns 6,605 shares of the company's stock valued at $31,000 after buying an additional 1,597 shares during the last quarter. Sanctuary Advisors LLC acquired a new stake in Peloton Interactive during the 3rd quarter worth approximately $58,000. SBI Securities Co. Ltd. bought a new stake in Peloton Interactive during the 4th quarter worth approximately $69,000. Finally, Jones Financial Companies Lllp increased its position in Peloton Interactive by 33.9% in the 4th quarter. Jones Financial Companies Lllp now owns 9,496 shares of the company's stock valued at $83,000 after acquiring an additional 2,403 shares during the period. Institutional investors own 77.01% of the company's stock.

Insiders Place Their Bets

In related news, CAO Saqib Baig sold 22,662 shares of Peloton Interactive stock in a transaction dated Wednesday, February 19th. The shares were sold at an average price of $9.75, for a total transaction of $220,954.50. Following the completion of the transaction, the chief accounting officer now directly owns 130,031 shares of the company's stock, valued at $1,267,802.25. This trade represents a 14.84 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Karen Boone sold 17,259 shares of the stock in a transaction on Thursday, January 2nd. The shares were sold at an average price of $8.63, for a total value of $148,945.17. Following the sale, the director now owns 244,641 shares in the company, valued at approximately $2,111,251.83. This represents a 6.59 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 691,597 shares of company stock valued at $5,671,783 in the last ninety days. Company insiders own 1.34% of the company's stock.

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Peloton Interactive Trading Down 6.9 %

Shares of PTON stock traded down $0.47 on Friday, hitting $6.30. 12,345,725 shares of the stock were exchanged, compared to its average volume of 16,048,412. Peloton Interactive, Inc. has a one year low of $2.70 and a one year high of $10.90. The firm's 50 day moving average is $7.73 and its two-hundred day moving average is $7.58. The firm has a market capitalization of $2.46 billion, a PE ratio of -8.18 and a beta of 1.95.

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

Analyst Ratings Changes

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

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.