Assenagon Asset Management S.A. Takes Position in Peloton Interactive, Inc. (NASDAQ:PTON)

Assenagon Asset Management S.A. bought a new stake in Peloton Interactive, Inc. (NASDAQ:PTON - Free Report) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 4,596,778 shares of the company's stock, valued at approximately $39,992,000. Assenagon Asset Management S.A. owned about 1.21% of Peloton Interactive at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in PTON. Gtcr LLC acquired a new position in Peloton Interactive during the third quarter worth approximately $65,520,000. DME Capital Management LP acquired a new stake in shares of Peloton Interactive during the 2nd quarter worth $22,947,000. Clearline Capital LP acquired a new stake in shares of Peloton Interactive during the 2nd quarter worth $7,527,000. Healthcare of Ontario Pension Plan Trust Fund purchased a new position in shares of Peloton Interactive in the 3rd quarter worth $8,363,000. Finally, Connor Clark & Lunn Investment Management Ltd. purchased a new stake in Peloton Interactive during the third quarter valued at about $5,724,000. 77.01% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research firms have recently weighed in on PTON. Telsey Advisory Group lifted their price objective on Peloton Interactive from $5.00 to $9.00 and gave the company a "market perform" rating in a research note on Friday, November 1st. Bank of America raised shares of Peloton Interactive from an "underperform" rating to a "buy" rating and lifted their price target for the company from $3.75 to $9.00 in a research report on Monday, November 4th. Needham & Company LLC reissued a "hold" rating on shares of Peloton Interactive in a research report on Friday, November 1st. BMO Capital Markets lifted their target price on shares of Peloton Interactive from $6.50 to $8.50 and gave the company a "market perform" rating in a report on Monday, November 4th. Finally, Truist Financial raised their price objective on Peloton Interactive from $6.00 to $10.00 and gave the company a "hold" rating in a research report on Friday, November 1st. Sixteen investment analysts have rated the stock with a hold rating and three have given a buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average target price of $6.97.

Peloton Interactive Stock Performance

Shares of PTON stock traded down $0.22 during trading hours on Friday, hitting $8.27. 13,212,810 shares of the company were exchanged, compared to its average volume of 11,939,236. The stock has a market capitalization of $3.15 billion, a price-to-earnings ratio of -7.73 and a beta of 1.95. Peloton Interactive, Inc. has a one year low of $2.70 and a one year high of $10.90. The business's 50-day simple moving average is $9.16 and its two-hundred day simple moving average is $6.13.

Peloton Interactive (NASDAQ:PTON - Get Free Report) last released its earnings results on Thursday, October 31st. The company reported ($0.16) EPS for the quarter, missing analysts' consensus estimates of ($0.15) by ($0.01). The business had revenue of $586.00 million during the quarter, compared to the consensus estimate of $572.97 million. During the same quarter in the previous year, the company posted ($0.44) earnings per share. The firm's revenue was down 1.6% compared to the same quarter last year. As a group, analysts anticipate that Peloton Interactive, Inc. will post -0.39 EPS for the current fiscal year.

Insiders Place Their Bets

In other Peloton Interactive news, insider Andrew S. Rendich sold 138,391 shares of Peloton Interactive stock in a transaction that occurred on Monday, November 18th. The stock was sold at an average price of $7.51, for a total value of $1,039,316.41. Following the completion of the transaction, the insider now directly owns 287,973 shares in the company, valued at $2,162,677.23. The trade was a 32.46 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. 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 value of $163,157.00. Following the completion of the sale, the chief executive officer now directly 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. Insiders sold a total of 422,821 shares of company stock valued at $3,264,674 over the last 90 days. 1.34% of the stock is owned by company insiders.

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.