Headlands Technologies LLC raised its position in shares of Peloton Interactive, Inc. (NASDAQ:PTON - Free Report) by 1,816.8% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 312,340 shares of the company's stock after buying an additional 296,045 shares during the period. Headlands Technologies LLC owned about 0.08% of Peloton Interactive worth $2,717,000 at the end of the most recent reporting period.
A number of other hedge funds have also recently modified their holdings of the company. R Squared Ltd bought a new stake in shares of Peloton Interactive in the fourth quarter worth about $28,000. Point72 Asia Singapore Pte. Ltd. grew its position in shares of Peloton Interactive by 31.9% in the 3rd quarter. Point72 Asia Singapore Pte. Ltd. now owns 6,605 shares of the company's stock worth $31,000 after buying an additional 1,597 shares during the last quarter. SBI Securities Co. Ltd. purchased a new position in shares of Peloton Interactive during the fourth quarter valued at approximately $69,000. C M Bidwell & Associates Ltd. bought a new position in shares of Peloton Interactive during the fourth quarter valued at approximately $72,000. Finally, Jones Financial Companies Lllp lifted its stake in Peloton Interactive by 33.9% in the fourth quarter. Jones Financial Companies Lllp now owns 9,496 shares of the company's stock worth $83,000 after acquiring an additional 2,403 shares during the period. Hedge funds and other institutional investors own 77.01% of the company's stock.
Peloton Interactive Trading Up 1.4 %
PTON traded up $0.09 during trading on Wednesday, hitting $6.31. 11,245,163 shares of the company's stock traded hands, compared to its average volume of 16,012,400. The stock has a market capitalization of $2.46 billion, a price-to-earnings ratio of -8.19 and a beta of 1.95. The company's 50 day simple moving average is $7.60 and its two-hundred day simple moving average is $7.62. 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 released its quarterly earnings data on Thursday, February 6th. The company reported ($0.24) EPS for the quarter, missing the consensus estimate of ($0.20) by ($0.04). On average, equities analysts expect that Peloton Interactive, Inc. will post -0.36 EPS for the current year.
Insider Transactions at Peloton Interactive
In related news, insider Andrew S. Rendich sold 121,883 shares of the company's stock in a transaction on 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 completion of the sale, the insider now owns 404,188 shares in the company, valued at approximately $3,855,953.52. This represents a 23.17 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Nick V. Caldwell sold 68,727 shares of the firm's stock in a transaction dated Monday, March 17th. The stock was sold at an average price of $6.59, for a total value of $452,910.93. Following the completion of the transaction, the insider now directly owns 474,234 shares in the company, valued at $3,125,202.06. The trade was a 12.66 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 691,597 shares of company stock worth $5,671,783 over the last three months. 1.34% of the stock is currently owned by company insiders.
Wall Street Analysts Forecast Growth
Several research analysts have commented on PTON shares. The Goldman Sachs Group upped their price objective on shares of Peloton Interactive from $8.00 to $10.00 and gave the stock a "neutral" rating in a report on Monday, February 10th. Needham & Company LLC restated a "hold" rating on shares of Peloton Interactive in a report on Thursday, February 6th. Macquarie reiterated a "neutral" rating and set a $9.00 target price on shares of Peloton Interactive in a report on Monday, February 10th. Telsey Advisory Group restated a "market perform" rating and issued a $11.00 target price on shares of Peloton Interactive in a research note on Monday, February 3rd. Finally, Canaccord Genuity Group raised Peloton Interactive from a "hold" rating to a "buy" rating and set a $10.00 price target on the stock in a research note on Friday, March 14th. Fifteen analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat, Peloton Interactive presently has a consensus rating of "Hold" and an average target price of $8.69.
Read Our Latest Stock Report on Peloton Interactive
Peloton Interactive Company 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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