Franklin Resources Inc. bought a new position in shares of Peloton Interactive, Inc. (NASDAQ:PTON - Free Report) in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 107,818 shares of the company's stock, valued at approximately $505,000.
Several other institutional investors also recently bought and sold shares of PTON. Point72 Asia Singapore Pte. Ltd. grew its holdings in shares of Peloton Interactive by 31.9% in the third 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 in the last quarter. Mercer Global Advisors Inc. ADV bought a new stake in shares of Peloton Interactive in the 2nd quarter worth about $27,000. Schneider Downs Wealth Management Advisors LP purchased a new stake in shares of Peloton Interactive during the 2nd quarter valued at about $35,000. CIBC Asset Management Inc bought a new position in shares of Peloton Interactive in the 2nd quarter valued at about $35,000. Finally, Koss Olinger Consulting LLC purchased a new position in Peloton Interactive in the second quarter worth about $36,000. 77.01% of the stock is owned by hedge funds and other institutional investors.
Insiders Place Their Bets
In related news, CEO Chris Bruzzo sold 24,977 shares of Peloton Interactive stock in a transaction on Friday, October 18th. The shares were sold at an average price of $5.80, for a total value of $144,866.60. Following the sale, the chief executive officer now owns 149,240 shares of the company's stock, valued at approximately $865,592. This trade represents a 14.34 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Elizabeth F. Coddington sold 186,462 shares of the stock in a transaction on Monday, November 18th. The shares were sold at an average price of $7.58, for a total transaction of $1,413,381.96. Following the transaction, the chief financial officer now directly owns 223,017 shares in the company, valued at approximately $1,690,468.86. The trade was a 45.54 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 430,539 shares of company stock worth $3,260,596. Corporate insiders own 1.34% of the company's stock.
Peloton Interactive Stock Down 2.9 %
Shares of PTON traded down $0.26 during trading hours on Tuesday, reaching $8.70. 8,932,152 shares of the company traded hands, compared to its average volume of 16,037,085. The stock has a market capitalization of $3.32 billion, a P/E ratio of -8.13 and a beta of 1.90. The business has a fifty day moving average price of $8.76 and a 200-day moving average price of $5.73. Peloton Interactive, Inc. has a 12-month low of $2.70 and a 12-month high of $10.90.
Peloton Interactive (NASDAQ:PTON - Get Free Report) last issued its earnings results on Thursday, October 31st. The company reported ($0.16) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.15) by ($0.01). The company had revenue of $586.00 million for the quarter, compared to analysts' expectations of $572.97 million. Peloton Interactive's revenue was down 1.6% compared to the same quarter last year. During the same period in the previous year, the business posted ($0.44) earnings per share. As a group, research analysts predict that Peloton Interactive, Inc. will post -0.38 EPS for the current fiscal year.
Analyst Upgrades and Downgrades
Several analysts recently weighed in on PTON shares. JPMorgan Chase & Co. increased their price target on Peloton Interactive from $5.00 to $7.00 and gave the company a "neutral" rating in a report on Friday, November 1st. Sanford C. Bernstein increased 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 note on Friday, November 1st. Needham & Company LLC reaffirmed a "hold" rating on shares of Peloton Interactive in a research note on Friday, November 1st. UBS Group raised shares of Peloton Interactive from a "sell" rating to a "neutral" rating and increased their price objective for the stock from $2.50 to $10.00 in a research report on Friday, December 6th. Finally, Macquarie boosted their target price on Peloton Interactive from $4.90 to $9.00 and gave the company a "neutral" rating in a research report on Friday, November 1st. Sixteen research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat, the company presently has an average rating of "Hold" and an average price target of $6.97.
View Our Latest Analysis on PTON
Peloton Interactive Profile
(
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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