Allspring Global Investments Holdings LLC Makes New $5.28 Million Investment in Peloton Interactive, Inc. (NASDAQ:PTON)

Allspring Global Investments Holdings LLC acquired a new position in Peloton Interactive, Inc. (NASDAQ:PTON - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 606,585 shares of the company's stock, valued at approximately $5,277,000. Allspring Global Investments Holdings LLC owned approximately 0.16% of Peloton Interactive as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of the company. PDT Partners LLC grew its stake in Peloton Interactive by 0.7% in the third quarter. PDT Partners LLC now owns 205,573 shares of the company's stock worth $962,000 after purchasing an additional 1,373 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. raised its stake 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 worth $31,000 after acquiring an additional 1,597 shares during the last quarter. Choreo LLC raised its stake in Peloton Interactive by 12.3% in the 4th quarter. Choreo LLC now owns 16,832 shares of the company's stock worth $150,000 after acquiring an additional 1,838 shares during the last quarter. R Squared Ltd purchased a new position in Peloton Interactive in the 4th quarter worth $28,000. Finally, KBC Group NV raised its stake in shares of Peloton Interactive by 36.0% during the 4th quarter. KBC Group NV now owns 15,953 shares of the company's stock valued at $139,000 after buying an additional 4,221 shares during the last quarter. Institutional investors own 77.01% of the company's stock.

Insider Activity

In other news, insider Jennifer Cunningham Cotter sold 47,457 shares of the stock in a transaction that occurred on Thursday, February 20th. The shares were sold at an average price of $9.11, for a total value of $432,333.27. Following the sale, the insider now directly owns 287,507 shares in the company, valued at $2,619,188.77. This represents a 14.17 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Karen Boone sold 16,925 shares of the firm's stock in a transaction that occurred on Thursday, December 5th. The stock was sold at an average price of $9.64, for a total transaction of $163,157.00. Following the sale, the chief executive officer now owns 228,217 shares in the company, valued at approximately $2,200,011.88. This trade represents a 6.90 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 397,005 shares of company stock valued at $3,771,433. Insiders own 1.34% of the company's stock.

Analyst Ratings Changes

A number of research firms have weighed in on PTON. UBS Group upgraded Peloton Interactive from a "sell" rating to a "neutral" rating and lifted their price objective for the company from $2.50 to $10.00 in a research note on Friday, December 6th. JMP Securities restated a "market perform" rating on shares of Peloton Interactive in a research report on Friday, February 7th. Bank of America upgraded Peloton Interactive from an "underperform" rating to a "buy" rating and raised their target price for the company from $3.75 to $9.00 in a research report on Monday, November 4th. BMO Capital Markets raised their target price on Peloton Interactive from $6.50 to $8.50 and gave the company a "market perform" rating in a research report on Monday, November 4th. Finally, Argus upgraded Peloton Interactive from a "hold" rating to a "buy" rating and set a $15.00 price objective on the stock in a report on Tuesday, February 11th. Sixteen equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and an average target price of $8.38.

Peloton Interactive Price Performance

Shares of PTON stock traded down $0.49 during trading on Friday, hitting $8.56. 16,887,683 shares of the stock traded hands, compared to its average volume of 17,016,530. Peloton Interactive, Inc. has a 52-week low of $2.70 and a 52-week high of $10.90. The firm has a market capitalization of $3.34 billion, a P/E ratio of -11.12 and a beta of 1.95. The firm's fifty day moving average price is $8.85 and its 200-day moving average price is $7.04.

Peloton Interactive (NASDAQ:PTON - Get Free Report) last released its quarterly earnings data 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). As a group, equities research analysts expect that Peloton Interactive, Inc. will post -0.36 earnings per share for the current 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.