DnB Asset Management AS Reduces Holdings in Peloton Interactive, Inc. (NASDAQ:PTON)

DnB Asset Management AS decreased its holdings in shares of Peloton Interactive, Inc. (NASDAQ:PTON - Free Report) by 71.8% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 2,487,899 shares of the company's stock after selling 6,339,341 shares during the period. DnB Asset Management AS owned approximately 0.65% of Peloton Interactive worth $21,645,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. PDT Partners LLC lifted its position in shares of Peloton Interactive by 0.7% during the 3rd quarter. PDT Partners LLC now owns 205,573 shares of the company's stock valued at $962,000 after acquiring an additional 1,373 shares during the period. Victory Capital Management Inc. increased its stake in Peloton Interactive by 3.8% in the 4th quarter. Victory Capital Management Inc. now owns 42,084 shares of the company's stock valued at $366,000 after purchasing an additional 1,534 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. raised its holdings in Peloton Interactive by 31.9% during the third quarter. Point72 Asia Singapore Pte. Ltd. now owns 6,605 shares of the company's stock worth $31,000 after purchasing an additional 1,597 shares during the last quarter. Choreo LLC boosted its position in Peloton Interactive by 12.3% during the fourth quarter. Choreo LLC now owns 16,832 shares of the company's stock worth $150,000 after purchasing an additional 1,838 shares in the last quarter. Finally, Counterpoint Mutual Funds LLC grew its holdings in Peloton Interactive by 2.5% in the fourth quarter. Counterpoint Mutual Funds LLC now owns 79,459 shares of the company's stock valued at $691,000 after purchasing an additional 1,951 shares during the last quarter. Institutional investors and hedge funds own 77.01% of the company's stock.

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Analyst Ratings Changes

Several equities research analysts recently commented on the stock. Canaccord Genuity Group upgraded shares of Peloton Interactive from a "hold" rating to a "buy" rating and set a $10.00 price objective on the stock in a research report on Friday, March 14th. Needham & Company LLC reissued a "hold" rating on shares of Peloton Interactive in a research note on Thursday, February 6th. UBS Group raised Peloton Interactive from a "sell" rating to a "neutral" rating and upped their target price for the company from $2.50 to $10.00 in a research note on Friday, December 6th. JMP Securities reissued a "market perform" rating on shares of Peloton Interactive in a research report on Friday, February 7th. Finally, Macquarie restated a "neutral" rating and issued a $9.00 price objective on shares of Peloton Interactive in a research report on Monday, February 10th. Fifteen research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Hold" and an average price target of $8.69.

Peloton Interactive Price Performance

PTON stock traded down $0.10 on Tuesday, hitting $6.22. 9,075,799 shares of the company were exchanged, compared to its average volume of 15,996,070. The stock has a market capitalization of $2.43 billion, a price-to-earnings ratio of -8.08 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. The business's fifty day moving average is $7.69 and its two-hundred day moving average is $7.62.

Peloton Interactive (NASDAQ:PTON - Get Free Report) last released its quarterly earnings data on Thursday, February 6th. The company reported ($0.24) EPS for the quarter, missing analysts' consensus estimates of ($0.20) by ($0.04). Equities research analysts expect that Peloton Interactive, Inc. will post -0.36 earnings per share for the current year.

Insider Transactions at Peloton Interactive

In other news, insider Andrew S. Rendich sold 121,883 shares of the stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of $9.54, for a total value of $1,162,763.82. Following the completion of the sale, the insider now owns 404,188 shares of the company's stock, valued at $3,855,953.52. This represents a 23.17 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Nick V. Caldwell sold 68,727 shares of Peloton Interactive stock in a transaction on Monday, March 17th. The shares were sold at an average price of $6.59, for a total transaction of $452,910.93. Following the transaction, the insider now owns 474,234 shares in the company, valued at $3,125,202.06. The trade was a 12.66 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 691,597 shares of company stock worth $5,671,783 in the last three months. 1.34% of the stock is currently owned by company insiders.

Peloton Interactive 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.