Charles Schwab Investment Management Inc. Raises Position in Peloton Interactive, Inc. (NASDAQ:PTON)

Charles Schwab Investment Management Inc. grew its holdings in shares of Peloton Interactive, Inc. (NASDAQ:PTON - Free Report) by 7.9% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 3,996,356 shares of the company's stock after acquiring an additional 291,946 shares during the period. Charles Schwab Investment Management Inc. owned about 1.05% of Peloton Interactive worth $18,703,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. DME Capital Management LP bought a new position in shares of Peloton Interactive during the second quarter worth about $22,947,000. Clearline Capital LP acquired a new stake in Peloton Interactive during the 2nd quarter valued at approximately $7,527,000. Connor Clark & Lunn Investment Management Ltd. bought a new position in Peloton Interactive during the 3rd quarter worth approximately $5,724,000. LB Partners LLC acquired a new position in shares of Peloton Interactive in the 2nd quarter worth approximately $2,011,000. Finally, Select Equity Group L.P. bought a new stake in shares of Peloton Interactive in the 2nd quarter valued at $1,832,000. Institutional investors and hedge funds own 77.01% of the company's stock.

Peloton Interactive Stock Performance

PTON traded up $0.36 during mid-day trading on Friday, reaching $10.01. 14,735,376 shares of the stock were exchanged, compared to its average volume of 15,026,742. The company has a 50 day moving average price of $7.20 and a two-hundred day moving average price of $4.99. Peloton Interactive, Inc. has a 1 year low of $2.70 and a 1 year high of $10.59. The stock has a market capitalization of $3.82 billion, a PE ratio of -9.36 and a beta of 1.90.

Peloton Interactive (NASDAQ:PTON - Get Free Report) last issued its quarterly 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 company had revenue of $586.00 million during the quarter, compared to the consensus estimate of $572.97 million. The company's revenue was down 1.6% compared to the same quarter last year. During the same period last year, the firm earned ($0.44) earnings per share. Sell-side analysts expect that Peloton Interactive, Inc. will post -0.38 EPS for the current fiscal year.

Insider Activity

In other news, CFO Elizabeth F. Coddington sold 186,462 shares of Peloton Interactive stock in a transaction dated Monday, November 18th. The shares were sold at an average price of $7.58, for a total value of $1,413,381.96. Following the completion of the transaction, the chief financial officer now owns 223,017 shares in the company, valued at $1,690,468.86. This trade represents a 45.54 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Karen Boone sold 16,925 shares of the business's stock in a transaction on Thursday, December 5th. The shares were sold at an average price of $9.64, for a total transaction of $163,157.00. Following the sale, the chief executive officer now directly owns 228,217 shares in the company, valued at $2,200,011.88. The trade was a 6.90 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 467,358 shares of company stock valued at $3,435,118 in the last three months. Company insiders own 1.34% of the company's stock.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on PTON shares. Truist Financial boosted their price objective on Peloton Interactive from $6.00 to $10.00 and gave the company a "hold" rating in a research note on Friday, November 1st. Telsey Advisory Group increased their price target on Peloton Interactive from $5.00 to $9.00 and gave the stock a "market perform" rating in a report on Friday, November 1st. Robert W. Baird raised their price objective on shares of Peloton Interactive from $4.75 to $8.00 and gave the stock a "neutral" rating in a research report on Friday, November 1st. Sanford C. Bernstein boosted their target price on shares of Peloton Interactive from $4.25 to $6.50 and gave the company a "market perform" rating in a research report on Friday, November 1st. Finally, JMP Securities restated a "market perform" rating on shares of Peloton Interactive in a report on Thursday, October 3rd. Sixteen equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company's stock. According to MarketBeat.com, Peloton Interactive presently has an average rating of "Hold" and an average price target of $6.97.

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.