1,787,000 Shares in Peloton Interactive, Inc. (NASDAQ:PTON) Purchased by Healthcare of Ontario Pension Plan Trust Fund

Healthcare of Ontario Pension Plan Trust Fund bought a new stake in shares of Peloton Interactive, Inc. (NASDAQ:PTON - Free Report) during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 1,787,000 shares of the company's stock, valued at approximately $8,363,000. Healthcare of Ontario Pension Plan Trust Fund owned about 0.47% of Peloton Interactive at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. Gtcr LLC bought a new stake in Peloton Interactive in the 3rd quarter worth approximately $65,520,000. 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 increased its position in Peloton Interactive by 42.4% during the second quarter. DNB Asset Management AS now owns 12,130,553 shares of the company's stock valued at $40,880,000 after acquiring an additional 3,611,069 shares during the last quarter. Clearline Capital LP bought a new position in Peloton Interactive in the second quarter valued at about $7,527,000. Finally, Connor Clark & Lunn Investment Management Ltd. bought a new position in Peloton Interactive in the third quarter valued at about $5,724,000. Institutional investors own 77.01% of the company's stock.

Insider Buying and Selling at Peloton Interactive

In related news, CFO Elizabeth F. Coddington sold 56,084 shares of the company's stock in a transaction dated Tuesday, September 3rd. The stock was sold at an average price of $4.50, for a total transaction of $252,378.00. Following the transaction, the chief financial officer now directly owns 186,466 shares of the company's stock, valued at $839,097. This represents a 23.12 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, CAO Saqib Baig sold 36,776 shares of the stock in a transaction that occurred on Monday, November 18th. The shares were sold at an average price of $7.53, for a total transaction of $276,923.28. Following the completion of the transaction, the chief accounting officer now directly owns 137,357 shares of the company's stock, valued at $1,034,298.21. The trade was a 21.12 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 506,517 shares of company stock valued at $3,524,339. 1.34% of the stock is currently owned by insiders.

Peloton Interactive Stock Up 6.3 %

NASDAQ:PTON traded up $0.61 during midday trading on Friday, hitting $10.34. The stock had a trading volume of 11,738,335 shares, compared to its average volume of 16,399,238. The stock has a 50-day moving average of $6.72 and a 200 day moving average of $4.79. The company has a market capitalization of $3.94 billion, a price-to-earnings ratio of -9.66 and a beta of 1.93. Peloton Interactive, Inc. has a one year low of $2.70 and a one year high of $10.39.

Peloton Interactive (NASDAQ:PTON - Get Free Report) last released its quarterly earnings data 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 in the prior year, the firm earned ($0.44) EPS. Peloton Interactive's quarterly revenue was down 1.6% compared to the same quarter last year. On average, sell-side analysts anticipate that Peloton Interactive, Inc. will post -0.38 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several equities research analysts have recently commented on the stock. Morgan Stanley upped their price target on shares of Peloton Interactive from $3.50 to $5.00 and gave the company an "equal weight" rating in a research report on Friday, November 1st. JPMorgan Chase & Co. increased their price target on shares of Peloton Interactive from $5.00 to $7.00 and gave the stock a "neutral" rating in a research report on Friday, November 1st. Canaccord Genuity Group boosted their price objective on shares of Peloton Interactive from $4.00 to $5.00 and gave the company a "hold" rating in a research report on Friday, August 23rd. JMP Securities reaffirmed a "market perform" rating on shares of Peloton Interactive in a report on Thursday, October 3rd. Finally, Telsey Advisory Group lifted their target price on Peloton Interactive from $5.00 to $9.00 and gave the company a "market perform" rating in a research report on Friday, November 1st. Fifteen equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average target price of $6.75.

Peloton Interactive 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.