Peloton Interactive, Inc. (NASDAQ:PTON) Shares Acquired by Algert Global LLC

Algert Global LLC increased its position in shares of Peloton Interactive, Inc. (NASDAQ:PTON - Free Report) by 501.1% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 200,910 shares of the company's stock after purchasing an additional 167,485 shares during the period. Algert Global LLC owned approximately 0.05% of Peloton Interactive worth $940,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in PTON. Mercer Global Advisors Inc. ADV bought a new position in Peloton Interactive in the 2nd quarter valued at $27,000. Skylands Capital LLC bought a new position in shares of Peloton Interactive in the second quarter worth about $30,000. Nisa Investment Advisors LLC increased its stake in Peloton Interactive by 1,836.7% in the 2nd quarter. Nisa Investment Advisors LLC now owns 9,490 shares of the company's stock worth $32,000 after buying an additional 9,000 shares during the period. Schneider Downs Wealth Management Advisors LP bought a new stake in Peloton Interactive during the 2nd quarter valued at about $35,000. Finally, CIBC Asset Management Inc purchased a new stake in Peloton Interactive in the 2nd quarter valued at about $35,000. 77.01% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

PTON has been the topic of a number of research reports. Macquarie raised their target price on shares of Peloton Interactive from $4.90 to $9.00 and gave the stock a "neutral" rating in a research report on Friday, November 1st. Truist Financial lifted their target price on Peloton Interactive from $6.00 to $10.00 and gave the company a "hold" rating in a research report on Friday, November 1st. JPMorgan Chase & Co. increased their price target on Peloton Interactive from $5.00 to $7.00 and gave the stock a "neutral" rating in a research report on Friday, November 1st. TD Cowen lifted their price objective on Peloton Interactive from $3.00 to $4.00 and gave the company a "hold" rating in a report on Friday, August 23rd. Finally, Sanford C. Bernstein increased their target price on shares of Peloton Interactive from $4.25 to $6.50 and gave the stock a "market perform" rating in a report on Friday, November 1st. Fifteen research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Hold" and a consensus target price of $6.75.

Insider Buying and Selling

In related news, CFO Elizabeth F. Coddington sold 56,084 shares of the firm's stock in a transaction on Tuesday, September 3rd. The shares were sold at an average price of $4.50, for a total transaction of $252,378.00. Following the completion of the transaction, the chief financial officer now owns 186,466 shares of the company's stock, valued at $839,097. This trade represents a 23.12 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Andrew S. Rendich sold 138,391 shares of the firm's stock in a transaction on Monday, November 18th. The stock was sold at an average price of $7.51, for a total transaction of $1,039,316.41. Following the transaction, the insider now directly owns 287,973 shares of the company's stock, valued at approximately $2,162,677.23. This trade represents a 32.46 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 506,517 shares of company stock valued at $3,524,339 over the last 90 days. Insiders own 1.34% of the company's stock.

Peloton Interactive Trading Up 6.3 %

Shares of NASDAQ:PTON traded up $0.61 on Friday, hitting $10.34. 11,738,335 shares of the company were exchanged, compared to its average volume of 16,399,238. Peloton Interactive, Inc. has a 1-year low of $2.70 and a 1-year high of $10.39. The stock's 50 day moving average price is $6.72 and its 200 day moving average price is $4.78. The firm has a market capitalization of $3.94 billion, a P/E ratio of -9.66 and a beta of 1.93.

Peloton Interactive (NASDAQ:PTON - Get Free Report) last posted its quarterly earnings data on Thursday, October 31st. The company reported ($0.16) EPS for the quarter, missing the consensus estimate of ($0.15) by ($0.01). The firm had revenue of $586.00 million for the quarter, compared to analyst estimates of $572.97 million. During the same period in the prior year, the firm earned ($0.44) EPS. The company's revenue for the quarter was down 1.6% on a year-over-year basis. On average, equities analysts predict that Peloton Interactive, Inc. will post -0.38 EPS for the current fiscal year.

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.