CenterBook Partners LP purchased a new stake in Peloton Interactive, Inc. (NASDAQ:PTON - Free Report) in the 4th quarter, according to its most recent disclosure with the SEC. The fund purchased 462,811 shares of the company's stock, valued at approximately $4,026,000. CenterBook Partners LP owned 0.12% of Peloton Interactive as of its most recent filing with the SEC.
Several other large investors also recently made changes to their positions in PTON. Hennessy Advisors Inc. acquired a new position in Peloton Interactive during the fourth quarter worth $85,260,000. Assenagon Asset Management S.A. bought a new stake in Peloton Interactive during the fourth quarter worth about $39,992,000. Connor Clark & Lunn Investment Management Ltd. raised its holdings in shares of Peloton Interactive by 245.7% in the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 4,227,854 shares of the company's stock valued at $36,782,000 after buying an additional 3,004,757 shares during the last quarter. Renaissance Technologies LLC raised its position in shares of Peloton Interactive by 59.5% during the fourth quarter. Renaissance Technologies LLC now owns 5,833,700 shares of the company's stock worth $50,753,000 after acquiring an additional 2,176,400 shares during the last quarter. Finally, Vanguard Group Inc. boosted its stake in shares of Peloton Interactive by 4.9% in the 4th quarter. Vanguard Group Inc. now owns 35,059,790 shares of the company's stock valued at $305,020,000 after purchasing an additional 1,645,640 shares during the last quarter. Institutional investors and hedge funds own 77.01% of the company's stock.
Peloton Interactive Stock Up 0.2 %
Shares of PTON traded up $0.01 during mid-day trading on Tuesday, hitting $5.71. 5,394,550 shares of the company traded hands, compared to its average volume of 16,055,654. The business has a 50 day moving average of $7.09 and a 200 day moving average of $7.66. The company has a market capitalization of $2.23 billion, a PE ratio of -7.42 and a beta of 2.21. Peloton Interactive, Inc. has a 1-year low of $2.70 and a 1-year high of $10.90.
Peloton Interactive (NASDAQ:PTON - Get Free Report) last posted its quarterly earnings data on Thursday, February 6th. The company reported ($0.24) EPS for the quarter, missing analysts' consensus estimates of ($0.20) by ($0.04). As a group, research analysts expect that Peloton Interactive, Inc. will post -0.36 EPS for the current fiscal year.
Insiders Place Their Bets
In related news, insider Nick V. Caldwell sold 68,727 shares of the stock in a transaction on Monday, March 17th. The stock was 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 directly 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 document filed with the Securities & Exchange Commission, which is available through this link. Also, CAO Saqib Baig sold 22,662 shares of the firm's stock in a transaction on Wednesday, February 19th. The shares were sold at an average price of $9.75, for a total value of $220,954.50. Following the completion of the sale, the chief accounting officer now directly owns 130,031 shares of the company's stock, valued at approximately $1,267,802.25. This trade represents a 14.84 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 674,338 shares of company stock worth $5,522,838 over the last 90 days. Corporate insiders own 1.34% of the company's stock.
Analyst Upgrades and Downgrades
A number of research analysts have issued reports on the company. The Goldman Sachs Group boosted their target price on Peloton Interactive from $8.00 to $10.00 and gave the company a "neutral" rating in a research note on Monday, February 10th. Telsey Advisory Group reiterated a "market perform" rating and issued a $11.00 price objective on shares of Peloton Interactive in a research note on Monday, February 3rd. Deutsche Bank Aktiengesellschaft upgraded Peloton Interactive from a "hold" rating to a "buy" rating and set a $6.60 target price for the company in a research note on Monday. Bank of America dropped their price objective on shares of Peloton Interactive from $11.50 to $9.50 and set a "buy" rating for the company in a research note on Tuesday. Finally, Needham & Company LLC reiterated a "hold" rating on shares of Peloton Interactive in a report on Thursday, February 6th. Fifteen research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of "Hold" and an average price target of $8.59.
Check Out Our Latest Stock Analysis on PTON
About Peloton Interactive
(
Free Report)
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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