Connor Clark & Lunn Investment Management Ltd. increased its holdings in Peloton Interactive, Inc. (NASDAQ:PTON - Free Report) by 245.7% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 4,227,854 shares of the company's stock after buying an additional 3,004,757 shares during the quarter. Connor Clark & Lunn Investment Management Ltd. owned about 1.11% of Peloton Interactive worth $36,782,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also bought and sold shares of the company. R Squared Ltd purchased a new stake in Peloton Interactive in the fourth quarter valued at $28,000. Point72 Asia Singapore Pte. Ltd. lifted its holdings in shares of Peloton Interactive by 31.9% in the 3rd quarter. Point72 Asia Singapore Pte. Ltd. now owns 6,605 shares of the company's stock valued at $31,000 after buying an additional 1,597 shares during the period. Verdence Capital Advisors LLC purchased a new stake in shares of Peloton Interactive in the third quarter worth about $52,000. Sanctuary Advisors LLC acquired a new stake in Peloton Interactive during the third quarter worth about $58,000. Finally, SBI Securities Co. Ltd. purchased a new position in Peloton Interactive during the fourth quarter valued at approximately $69,000. 77.01% of the stock is currently owned by institutional investors and hedge funds.
Peloton Interactive Price Performance
Shares of NASDAQ:PTON traded up $0.98 during midday trading on Friday, hitting $7.05. The company had a trading volume of 31,014,832 shares, compared to its average volume of 15,826,090. The business's 50-day simple moving average is $8.12 and its 200-day simple moving average is $7.43. The stock has a market cap of $2.75 billion, a price-to-earnings ratio of -9.16 and a beta of 1.95. Peloton Interactive, Inc. has a twelve month low of $2.70 and a twelve month high of $10.90.
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, sell-side analysts forecast that Peloton Interactive, Inc. will post -0.36 EPS for the current year.
Analysts Set New Price Targets
A number of brokerages have recently commented on PTON. Argus raised shares of Peloton Interactive from a "hold" rating to a "buy" rating and set a $15.00 price objective on the stock in a research note on Tuesday, February 11th. Macquarie reaffirmed a "neutral" rating and issued a $9.00 price objective on shares of Peloton Interactive in a report on Monday, February 10th. JMP Securities reissued a "market perform" rating on shares of Peloton Interactive in a research note on Friday, February 7th. The Goldman Sachs Group lifted their price target on Peloton Interactive from $8.00 to $10.00 and gave the company a "neutral" rating in a research note on Monday, February 10th. Finally, Telsey Advisory Group reissued a "market perform" rating and issued a $11.00 price objective on shares of Peloton Interactive in a report on Monday, February 3rd. Fifteen analysts have rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average target price of $8.69.
View Our Latest Research Report on PTON
Insider Activity
In related news, Director Karen Boone sold 17,259 shares of the stock in a transaction that occurred on Thursday, January 2nd. The shares were sold at an average price of $8.63, for a total transaction of $148,945.17. Following the completion of the transaction, the director now owns 244,641 shares of the company's stock, valued at approximately $2,111,251.83. This trade represents a 6.59 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CAO Saqib Baig sold 22,662 shares of the company's stock in a transaction 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. This trade represents a 14.84 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 584,719 shares of company stock valued at $4,958,301. 1.34% of the stock is currently owned by company insiders.
Peloton Interactive Profile
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Free Report)
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.
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