Intech Investment Management LLC Takes $327,000 Position in Peloton Interactive, Inc. (NASDAQ:PTON)

Intech Investment Management LLC purchased a new stake in shares of Peloton Interactive, Inc. (NASDAQ:PTON - Free Report) during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor purchased 69,847 shares of the company's stock, valued at approximately $327,000.

A number of other hedge funds have also bought and sold shares of PTON. CWM LLC increased its holdings in shares of Peloton Interactive by 1,217.3% in the second quarter. CWM LLC now owns 32,354 shares of the company's stock worth $109,000 after purchasing an additional 29,898 shares during the period. SG Americas Securities LLC grew its holdings in shares of Peloton Interactive by 110.6% during the 2nd quarter. SG Americas Securities LLC now owns 145,441 shares of the company's stock valued at $492,000 after purchasing an additional 76,382 shares during the last quarter. Sequoia Financial Advisors LLC bought a new stake in Peloton Interactive in the second quarter worth $68,000. Abundance Wealth Counselors boosted its position in Peloton Interactive by 24.7% during the second quarter. Abundance Wealth Counselors now owns 13,380 shares of the company's stock valued at $45,000 after buying an additional 2,654 shares during the period. Finally, Nisa Investment Advisors LLC grew its stake in shares of Peloton Interactive by 1,836.7% during the second quarter. Nisa Investment Advisors LLC now owns 9,490 shares of the company's stock valued at $32,000 after buying an additional 9,000 shares during the last quarter. 77.01% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Peloton Interactive

In other Peloton Interactive news, CEO Karen Boone sold 13,484 shares of the business's stock in a transaction on Friday, November 1st. The shares were sold at an average price of $8.27, for a total value of $111,512.68. Following the sale, the chief executive officer now owns 211,459 shares in the company, valued at $1,748,765.93. The trade was a 5.99 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 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 value of $276,923.28. Following the transaction, the chief accounting officer now directly owns 137,357 shares of the company's stock, valued at approximately $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. In the last ninety days, insiders sold 450,433 shares of company stock worth $3,271,961. 1.34% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

PTON has been the topic of several analyst reports. Needham & Company LLC reaffirmed a "hold" rating on shares of Peloton Interactive in a research note on Friday, November 1st. BMO Capital Markets increased their target price on shares of Peloton Interactive from $6.50 to $8.50 and gave the stock a "market perform" rating in a report on Monday, November 4th. Macquarie boosted their price target on Peloton Interactive from $4.90 to $9.00 and gave the company a "neutral" rating in a report on Friday, November 1st. Sanford C. Bernstein lifted their price objective on Peloton Interactive from $4.25 to $6.50 and gave the stock a "market perform" rating in a research report on Friday, November 1st. Finally, Robert W. Baird upped their target price on Peloton Interactive from $4.75 to $8.00 and gave the company a "neutral" rating in a report on Friday, November 1st. Fifteen equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average price target of $6.75.

Peloton Interactive Price Performance

Shares of NASDAQ:PTON traded up $0.11 on Thursday, hitting $9.65. 10,538,946 shares of the company traded hands, compared to its average volume of 16,377,794. The stock has a 50 day simple moving average of $7.00 and a 200-day simple moving average of $4.91. Peloton Interactive, Inc. has a 52 week low of $2.70 and a 52 week high of $10.40.

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

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.