Greenland Capital Management LP bought a new stake in shares of Peloton Interactive, Inc. (NASDAQ:PTON - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund bought 60,258 shares of the company's stock, valued at approximately $524,000.
Several other hedge funds and other institutional investors also recently modified their holdings of the stock. R Squared Ltd bought a new stake in Peloton Interactive in the fourth quarter worth $28,000. Russell Investments Group Ltd. raised its position in Peloton Interactive by 969.6% in the fourth quarter. Russell Investments Group Ltd. now owns 4,011 shares of the company's stock worth $35,000 after acquiring an additional 3,636 shares during the period. Sanctuary Advisors LLC purchased a new position in Peloton Interactive during the third quarter valued at $58,000. SBI Securities Co. Ltd. bought a new position in shares of Peloton Interactive during the 4th quarter valued at approximately $69,000. Finally, C M Bidwell & Associates Ltd. bought a new stake in shares of Peloton Interactive during the 4th quarter valued at $72,000. Hedge funds and other institutional investors own 77.01% of the company's stock.
Peloton Interactive Trading Up 0.5 %
PTON traded up $0.03 during trading on Monday, hitting $5.61. The company's stock had a trading volume of 2,972,674 shares, compared to its average volume of 16,076,420. The firm has a market capitalization of $2.19 billion, a price-to-earnings ratio of -7.29 and a beta of 2.21. Peloton Interactive, Inc. has a twelve month low of $2.70 and a twelve month high of $10.90. The business's fifty day simple moving average is $7.13 and its 200 day simple moving average is $7.65.
Peloton Interactive (NASDAQ:PTON - Get Free Report) last posted its quarterly earnings data on Thursday, February 6th. The company reported ($0.24) earnings per share for the quarter, missing analysts' consensus estimates of ($0.20) by ($0.04). As a group, equities research analysts forecast that Peloton Interactive, Inc. will post -0.36 earnings per share for the current fiscal year.
Insider Buying and Selling
In other news, insider Jennifer Cunningham Cotter sold 187,238 shares of the firm's stock in a transaction dated Thursday, March 6th. The shares were sold at an average price of $6.45, for a total value of $1,207,685.10. Following the transaction, the insider now directly owns 100,269 shares of the company's stock, valued at approximately $646,735.05. This trade represents a 65.12 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, insider Andrew S. Rendich sold 121,883 shares of the business's stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $9.54, for a total transaction of $1,162,763.82. Following the transaction, the insider now owns 404,188 shares in the company, valued at $3,855,953.52. The trade was a 23.17 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 674,338 shares of company stock worth $5,522,838. Insiders own 1.34% of the company's stock.
Wall Street Analysts Forecast Growth
PTON has been the subject of several research reports. Citigroup lowered their price objective on shares of Peloton Interactive from $11.00 to $10.00 and set a "neutral" rating for the company in a research report on Monday, February 10th. The Goldman Sachs Group lifted their target price on Peloton Interactive from $8.00 to $10.00 and gave the company a "neutral" rating in a research report on Monday, February 10th. Needham & Company LLC reissued a "hold" rating on shares of Peloton Interactive in a report on Thursday, February 6th. Canaccord Genuity Group raised shares of Peloton Interactive from a "hold" rating to a "buy" rating and set a $10.00 price target for the company in a research report on Friday, March 14th. Finally, Deutsche Bank Aktiengesellschaft raised Peloton Interactive from a "hold" rating to a "buy" rating and set a $6.60 price objective for the company in a research report on Monday. Fifteen equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company's stock. According to data from MarketBeat, Peloton Interactive currently has a consensus rating of "Hold" and an average target price of $8.56.
Read Our Latest Stock Report on Peloton Interactive
About Peloton Interactive
(
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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