Convergence Investment Partners LLC acquired a new stake in Peloton Interactive, Inc. (NASDAQ:PTON - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor acquired 80,119 shares of the company's stock, valued at approximately $697,000.
Several other large investors also recently made changes to their positions in PTON. R Squared Ltd acquired a new stake in shares of Peloton Interactive in the 4th quarter valued at approximately $28,000. Point72 Asia Singapore Pte. Ltd. lifted its holdings in Peloton Interactive by 31.9% during the 3rd quarter. Point72 Asia Singapore Pte. Ltd. now owns 6,605 shares of the company's stock valued at $31,000 after purchasing an additional 1,597 shares during the last quarter. Verdence Capital Advisors LLC acquired a new stake in Peloton Interactive during the 3rd quarter valued at $52,000. Ballentine Partners LLC acquired a new stake in Peloton Interactive during the 3rd quarter valued at $55,000. Finally, Sanctuary Advisors LLC acquired a new stake in Peloton Interactive during the 3rd quarter valued at $58,000. Institutional investors and hedge funds own 77.01% of the company's stock.
Wall Street Analyst Weigh In
Several equities research analysts have issued reports on PTON shares. Argus raised Peloton Interactive from a "hold" rating to a "buy" rating and set a $15.00 price target for the company in a report on Tuesday, February 11th. Needham & Company LLC reaffirmed a "hold" rating on shares of Peloton Interactive in a report on Thursday, February 6th. Telsey Advisory Group reaffirmed a "market perform" rating and set a $11.00 price target on shares of Peloton Interactive in a report on Monday, February 3rd. The Goldman Sachs Group lifted their target price on Peloton Interactive from $8.00 to $10.00 and gave the stock a "neutral" rating in a report on Monday, February 10th. Finally, UBS Group raised Peloton Interactive from a "sell" rating to a "neutral" rating and lifted their target price for the stock from $2.50 to $10.00 in a report on Friday, December 6th. Sixteen analysts have rated the stock with a hold rating and four have assigned a buy rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Hold" and a consensus price target of $8.38.
Get Our Latest Stock Analysis on PTON
Peloton Interactive Stock Performance
Shares of NASDAQ PTON traded down $0.49 during mid-day trading on Friday, reaching $8.56. The company had a trading volume of 16,887,683 shares, compared to its average volume of 17,016,530. Peloton Interactive, Inc. has a one year low of $2.70 and a one year high of $10.90. The firm has a market cap of $3.34 billion, a price-to-earnings ratio of -11.12 and a beta of 1.95. The business's 50-day simple moving average is $8.85 and its 200 day simple moving average is $7.04.
Peloton Interactive (NASDAQ:PTON - Get Free Report) last issued its quarterly earnings results on Thursday, February 6th. The company reported ($0.24) EPS for the quarter, missing analysts' consensus estimates of ($0.20) by ($0.04). On average, sell-side analysts anticipate that Peloton Interactive, Inc. will post -0.36 EPS for the current year.
Insider Buying and Selling at Peloton Interactive
In other Peloton Interactive news, insider Jennifer Cunningham Cotter sold 47,457 shares of Peloton Interactive stock in a transaction dated Thursday, February 20th. The stock was sold at an average price of $9.11, for a total value of $432,333.27. Following the transaction, the insider now owns 287,507 shares in the company, valued at $2,619,188.77. The trade was a 14.17 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CAO Saqib Baig sold 22,662 shares of Peloton Interactive stock in a transaction dated Wednesday, February 19th. The shares were sold at an average price of $9.75, for a total value of $220,954.50. Following the completion of the transaction, the chief accounting officer now owns 130,031 shares in the company, valued at approximately $1,267,802.25. This represents a 14.84 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 397,005 shares of company stock worth $3,771,433 over the last 90 days. Insiders own 1.34% of the company's stock.
Peloton Interactive Company 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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