14,000,000 Shares in Peloton Interactive, Inc. (NASDAQ:PTON) Bought by Gtcr LLC

Gtcr LLC 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 Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 14,000,000 shares of the company's stock, valued at approximately $65,520,000. Peloton Interactive makes up approximately 5.1% of Gtcr LLC's investment portfolio, making the stock its 4th biggest position. Gtcr LLC owned about 3.67% of Peloton Interactive as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Mercer Global Advisors Inc. ADV purchased a new stake in shares of Peloton Interactive during the second quarter worth approximately $27,000. Skylands Capital LLC purchased a new stake in shares of Peloton Interactive in the 2nd quarter valued at approximately $30,000. Nisa Investment Advisors LLC raised its holdings in shares of Peloton Interactive by 1,836.7% in the 2nd quarter. Nisa Investment Advisors LLC now owns 9,490 shares of the company's stock valued at $32,000 after purchasing an additional 9,000 shares in the last quarter. Schneider Downs Wealth Management Advisors LP purchased a new stake in shares of Peloton Interactive during the 2nd quarter worth $35,000. Finally, CIBC Asset Management Inc acquired a new position in shares of Peloton Interactive during the second quarter worth $35,000. Hedge funds and other institutional investors own 77.01% of the company's stock.

Peloton Interactive Stock Up 0.8 %

Peloton Interactive stock traded up $0.08 during mid-day trading on Wednesday, reaching $9.73. 9,894,523 shares of the company were exchanged, compared to its average volume of 16,410,076. The firm's 50-day simple moving average is $6.40 and its two-hundred day simple moving average is $4.67. Peloton Interactive, Inc. has a twelve month low of $2.70 and a twelve month high of $10.10.

Peloton Interactive (NASDAQ:PTON - Get Free Report) last posted its quarterly earnings data on Thursday, October 31st. The company reported ($0.16) earnings per share for the quarter, missing analysts' consensus estimates 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. During the same quarter last year, the business posted ($0.44) EPS. Peloton Interactive's revenue was down 1.6% compared to the same quarter last year. As a group, research analysts expect that Peloton Interactive, Inc. will post -0.38 earnings per share for the current year.

Insider Buying and Selling

In other Peloton Interactive news, CFO Elizabeth F. Coddington sold 56,084 shares of the business's stock in a transaction on Tuesday, September 3rd. The shares were sold at an average price of $4.50, for a total transaction of $252,378.00. Following the sale, the chief financial officer now directly owns 186,466 shares in the company, valued at approximately $839,097. The trade was a 23.12 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Andrew S. Rendich sold 138,391 shares of the stock in a transaction dated Monday, November 18th. The shares were sold at an average price of $7.51, for a total transaction of $1,039,316.41. Following the completion of the transaction, the insider now owns 287,973 shares of the company's stock, valued at $2,162,677.23. This represents a 32.46 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 506,517 shares of company stock valued at $3,524,339 over the last ninety days. Corporate insiders own 1.34% of the company's stock.

Wall Street Analyst Weigh In

PTON has been the topic of a number of analyst reports. Truist Financial raised their price target on Peloton Interactive from $6.00 to $10.00 and gave the company a "hold" rating in a research note on Friday, November 1st. BMO Capital Markets boosted their target price on Peloton Interactive from $6.50 to $8.50 and gave the stock a "market perform" rating in a research note on Monday, November 4th. Sanford C. Bernstein increased their price target 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. Morgan Stanley boosted their price objective on shares of Peloton Interactive from $3.50 to $5.00 and gave the stock an "equal weight" rating in a research report on Friday, November 1st. Finally, TD Cowen increased their target price on shares of Peloton Interactive from $3.00 to $4.00 and gave the company a "hold" rating in a research report on Friday, August 23rd. Fifteen equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat, Peloton Interactive presently has an average rating of "Hold" and an average price target of $6.75.

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.