Federated Hermes Inc. Invests $4.63 Million in Peloton Interactive, Inc. (NASDAQ:PTON)

Federated Hermes Inc. acquired a new stake in Peloton Interactive, Inc. (NASDAQ:PTON - Free Report) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 532,177 shares of the company's stock, valued at approximately $4,630,000. Federated Hermes Inc. owned approximately 0.14% of Peloton Interactive at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. R Squared Ltd purchased a new position in Peloton Interactive in the 4th quarter valued at approximately $28,000. Russell Investments Group Ltd. boosted its holdings in Peloton Interactive by 969.6% in the fourth quarter. Russell Investments Group Ltd. now owns 4,011 shares of the company's stock valued at $35,000 after purchasing an additional 3,636 shares during the period. Sanctuary Advisors LLC acquired a new position in Peloton Interactive during the 3rd quarter worth $58,000. SBI Securities Co. Ltd. purchased a new stake in Peloton Interactive during the 4th quarter worth about $69,000. Finally, C M Bidwell & Associates Ltd. acquired a new stake in Peloton Interactive in the 4th quarter valued at about $72,000. Hedge funds and other institutional investors own 77.01% of the company's stock.

Insider Buying and Selling at Peloton Interactive

In related news, CFO Elizabeth F. Coddington sold 170,819 shares of the firm's stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $9.62, for a total value of $1,643,278.78. Following the completion of the sale, the chief financial officer now owns 275,212 shares in the company, valued at $2,647,539.44. This trade represents a 38.30 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CAO Saqib Baig sold 22,662 shares of the business's stock in a transaction that occurred on Wednesday, February 19th. The stock was sold at an average price of $9.75, for a total value of $220,954.50. Following the transaction, the chief accounting officer now owns 130,031 shares in the company, valued at $1,267,802.25. The trade was a 14.84 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 674,338 shares of company stock valued at $5,522,838. 1.34% of the stock is owned by company insiders.

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Peloton Interactive Stock Performance

NASDAQ PTON traded up $0.03 during trading on Tuesday, reaching $5.73. The company's stock had a trading volume of 11,589,840 shares, compared to its average volume of 16,078,743. The business's fifty day moving average price is $7.09 and its 200-day moving average price is $7.66. Peloton Interactive, Inc. has a twelve month low of $2.70 and a twelve month high of $10.90. The firm has a market cap of $2.23 billion, a price-to-earnings ratio of -7.44 and a beta of 2.21.

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 the consensus estimate of ($0.20) by ($0.04). As a group, sell-side analysts forecast that Peloton Interactive, Inc. will post -0.36 EPS for the current fiscal year.

Wall Street Analyst Weigh In

PTON has been the topic of a number of recent research reports. Needham & Company LLC restated a "hold" rating on shares of Peloton Interactive in a research note on Thursday, February 6th. Telsey Advisory Group reissued a "market perform" rating and issued a $11.00 price objective on shares of Peloton Interactive in a research report on Monday, February 3rd. JPMorgan Chase & Co. decreased their price objective on shares of Peloton Interactive from $8.00 to $7.00 and set a "neutral" rating for the company in a research report on Tuesday, April 8th. Citigroup dropped their target price on Peloton Interactive from $11.00 to $10.00 and set a "neutral" rating on the stock in a report on Monday, February 10th. Finally, Canaccord Genuity Group raised Peloton Interactive from a "hold" rating to a "buy" rating and set a $10.00 price objective for the company in a research report on Friday, March 14th. Fifteen analysts have rated the stock with a hold rating and six have assigned a buy rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus target price of $8.59.

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.