Entropy Technologies LP Acquires New Shares in Peloton Interactive, Inc. (NASDAQ:PTON)

Entropy Technologies LP bought a new position in shares of Peloton Interactive, Inc. (NASDAQ:PTON - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 74,900 shares of the company's stock, valued at approximately $652,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in PTON. Connor Clark & Lunn Investment Management Ltd. acquired a new stake in shares of Peloton Interactive in the third quarter valued at $5,724,000. Gtcr LLC acquired a new stake in shares of Peloton Interactive in the third quarter valued at $65,520,000. Two Sigma Advisers LP grew its stake in shares of Peloton Interactive by 2.9% in the third quarter. Two Sigma Advisers LP now owns 7,440,900 shares of the company's stock valued at $34,823,000 after buying an additional 206,500 shares in the last quarter. Versor Investments LP acquired a new stake in shares of Peloton Interactive in the third quarter valued at $415,000. Finally, Franklin Resources Inc. acquired a new stake in shares of Peloton Interactive in the third quarter valued at $505,000. Institutional investors and hedge funds own 77.01% of the company's stock.

Analyst Ratings Changes

PTON has been the subject of a number of research reports. Needham & Company LLC reaffirmed a "hold" rating on shares of Peloton Interactive in a research note on Thursday, February 6th. Citigroup lowered their target price on Peloton Interactive from $11.00 to $10.00 and set a "neutral" rating for the company in a research note on Monday, February 10th. UBS Group raised Peloton Interactive from a "sell" rating to a "neutral" rating and boosted their target price for the stock from $2.50 to $10.00 in a research note on Friday, December 6th. Truist Financial boosted their target price on Peloton Interactive from $6.00 to $10.00 and gave the stock a "hold" rating in a research note on Friday, November 1st. Finally, Morgan Stanley boosted their target price on Peloton Interactive from $3.50 to $5.00 and gave the stock an "equal weight" rating in a research note on Friday, November 1st. Sixteen analysts have rated the stock with a hold rating and four have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus price target of $8.38.

Insider Activity

In related news, Director Karen Boone sold 17,259 shares of the business's stock in a transaction dated Thursday, January 2nd. The stock was sold at an average price of $8.63, for a total value of $148,945.17. Following the transaction, the director now owns 244,641 shares in the company, valued at $2,111,251.83. The trade was a 6.59 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CAO Saqib Baig sold 36,776 shares of the business's stock in a transaction dated Monday, November 18th. The shares were sold at an average price of $7.53, for a total value of $276,923.28. Following the completion of the transaction, the chief accounting officer now owns 137,357 shares in the company, valued at $1,034,298.21. This trade represents a 21.12 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 395,813 shares of company stock valued at $3,041,724. Insiders own 1.34% of the company's stock.

Peloton Interactive Trading Down 3.7 %

Shares of Peloton Interactive stock traded down $0.38 on Friday, hitting $9.77. The stock had a trading volume of 36,034,938 shares, compared to its average volume of 13,057,783. Peloton Interactive, Inc. has a 52-week low of $2.70 and a 52-week high of $10.90. The stock has a market cap of $3.73 billion, a price-to-earnings ratio of -12.69 and a beta of 1.95. The company's 50 day moving average price is $8.88 and its 200 day moving average price is $6.83.

Peloton Interactive (NASDAQ:PTON - Get Free Report) last posted its earnings results on Thursday, February 6th. The company reported ($0.24) earnings per share for the quarter, missing the consensus estimate of ($0.20) by ($0.04). Analysts predict that Peloton Interactive, Inc. will post -0.39 EPS for the current fiscal year.

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.