GSA Capital Partners LLP Invests $1.16 Million in Peloton Interactive, Inc. (NASDAQ:PTON)

GSA Capital Partners LLP purchased a new position in shares of Peloton Interactive, Inc. (NASDAQ:PTON - Free Report) during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 248,620 shares of the company's stock, valued at approximately $1,164,000. GSA Capital Partners LLP owned 0.07% of Peloton Interactive at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in the company. DME Capital Management LP bought a new stake in shares of Peloton Interactive in the second quarter worth $22,947,000. DNB Asset Management AS grew its stake in Peloton Interactive by 42.4% in the second quarter. DNB Asset Management AS now owns 12,130,553 shares of the company's stock worth $40,880,000 after purchasing an additional 3,611,069 shares in the last quarter. Clearline Capital LP bought a new stake in Peloton Interactive in the second quarter valued at about $7,527,000. Jacobs Levy Equity Management Inc. acquired a new stake in shares of Peloton Interactive during the 1st quarter valued at approximately $5,877,000. Finally, Vanguard Group Inc. lifted its position in shares of Peloton Interactive by 4.0% in the 1st quarter. Vanguard Group Inc. now owns 31,554,832 shares of the company's stock worth $135,212,000 after buying an additional 1,215,397 shares during the last quarter. Institutional investors and hedge funds own 77.01% of the company's stock.

Analyst Ratings Changes

A number of equities analysts have commented on the company. Robert W. Baird lifted their target price on Peloton Interactive from $4.75 to $8.00 and gave the company a "neutral" rating in a research note on Friday, November 1st. Macquarie increased their target price on Peloton Interactive from $4.90 to $9.00 and gave the stock a "neutral" rating in a research report on Friday, November 1st. Sanford C. Bernstein boosted their price target on shares of Peloton Interactive from $4.25 to $6.50 and gave the company a "market perform" rating in a report on Friday, November 1st. Truist Financial increased their price objective on shares of Peloton Interactive from $6.00 to $10.00 and gave the stock a "hold" rating in a report on Friday, November 1st. Finally, JMP Securities reissued a "market perform" rating on shares of Peloton Interactive in a research note on Thursday, October 3rd. Fifteen equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Hold" and a consensus price target of $6.75.

Peloton Interactive Stock Performance

Shares of Peloton Interactive stock traded down $0.25 during trading on Friday, hitting $7.75. 14,267,066 shares of the stock traded hands, compared to its average volume of 16,462,375. The company has a fifty day moving average price of $5.74 and a two-hundred day moving average price of $4.38. Peloton Interactive, Inc. has a twelve month low of $2.70 and a twelve month high of $8.97. The stock has a market cap of $2.96 billion, a P/E ratio of -7.21 and a beta of 1.93.

Peloton Interactive (NASDAQ:PTON - Get Free Report) last announced its earnings results on Thursday, October 31st. The company reported ($0.16) earnings per share for the quarter, missing the consensus estimate of ($0.15) by ($0.01). The company had revenue of $586.00 million during the quarter, compared to analysts' expectations of $572.97 million. During the same period last year, the firm posted ($0.44) EPS. The firm's revenue for the quarter was down 1.6% compared to the same quarter last year. On average, equities research analysts expect that Peloton Interactive, Inc. will post -0.38 EPS for the current fiscal year.

Insider Buying and Selling

In related news, CFO Elizabeth F. Coddington sold 56,084 shares of the firm's stock in a transaction that occurred on Tuesday, September 3rd. The stock was sold at an average price of $4.50, for a total transaction of $252,378.00. Following the completion of the transaction, the chief financial officer now owns 186,466 shares in the company, valued at $839,097. This trade represents a 23.12 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Nick V. Caldwell purchased 31,337 shares of the stock in a transaction on Friday, August 23rd. The stock was bought at an average price of $4.25 per share, for a total transaction of $133,182.25. Following the completion of the transaction, the insider now directly owns 31,337 shares of the company's stock, valued at approximately $133,182.25. This trade represents a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders sold a total of 194,888 shares of company stock valued at $1,038,717 over the last ninety days. 1.34% of the stock is owned by company insiders.

Peloton Interactive Company 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.