Invesco Ltd. boosted its stake in shares of Peloton Interactive, Inc. (NASDAQ:PTON - Free Report) by 106.0% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,357,466 shares of the company's stock after purchasing an additional 698,621 shares during the quarter. Invesco Ltd. owned about 0.36% of Peloton Interactive worth $11,810,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. R Squared Ltd acquired a new position in Peloton Interactive in the 4th quarter valued at $28,000. Russell Investments Group Ltd. grew its position in shares of Peloton Interactive by 969.6% in the fourth quarter. Russell Investments Group Ltd. now owns 4,011 shares of the company's stock valued at $35,000 after purchasing an additional 3,636 shares during the last quarter. Sanctuary Advisors LLC bought a new position in shares of Peloton Interactive in the third quarter worth about $58,000. SBI Securities Co. Ltd. acquired a new stake in Peloton Interactive in the 4th quarter valued at approximately $69,000. Finally, C M Bidwell & Associates Ltd. bought a new position in Peloton Interactive in the 4th quarter worth approximately $72,000. Institutional investors and hedge funds own 77.01% of the company's stock.
Analyst Ratings Changes
Several equities research analysts have recently issued reports on the stock. JMP Securities restated a "market perform" rating on shares of Peloton Interactive in a research note on Monday, April 14th. Deutsche Bank Aktiengesellschaft upgraded shares of Peloton Interactive from a "hold" rating to a "buy" rating and set a $6.60 price objective on the stock in a report on Monday, April 14th. Telsey Advisory Group reiterated a "market perform" rating and issued a $11.00 target price on shares of Peloton Interactive in a research note on Monday, February 3rd. Argus upgraded Peloton Interactive from a "hold" rating to a "buy" rating and set a $15.00 price target on the stock in a research note on Tuesday, February 11th. Finally, Citigroup reduced their price objective on Peloton Interactive from $11.00 to $10.00 and set a "neutral" rating for the company in a research report on Monday, February 10th. Fifteen investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company's stock. According to data from MarketBeat, Peloton Interactive currently has a consensus rating of "Hold" and an average price target of $8.54.
Check Out Our Latest Report on Peloton Interactive
Insider Activity
In other news, insider Jennifer Cunningham Cotter sold 187,238 shares of the business's stock in a transaction on Thursday, March 6th. The stock was sold at an average price of $6.45, for a total transaction of $1,207,685.10. Following the completion of the sale, the insider now owns 100,269 shares in the company, valued at $646,735.05. The trade was a 65.12 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CAO Saqib Baig sold 22,662 shares of the company's stock in a transaction on Wednesday, February 19th. The shares were sold at an average price of $9.75, for a total value of $220,954.50. Following the transaction, the chief accounting officer now directly owns 130,031 shares in the company, valued at $1,267,802.25. This trade represents a 14.84 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 674,338 shares of company stock worth $5,522,838. 1.34% of the stock is owned by corporate insiders.
Peloton Interactive Stock Up 4.0 %
NASDAQ:PTON traded up $0.23 on Wednesday, reaching $5.98. The stock had a trading volume of 12,286,271 shares, compared to its average volume of 16,083,740. The company has a market capitalization of $2.33 billion, a P/E ratio of -7.77 and a beta of 2.21. Peloton Interactive, Inc. has a 1-year low of $2.70 and a 1-year high of $10.90. The stock has a fifty day moving average price of $6.61 and a 200-day moving average price of $7.67.
Peloton Interactive (NASDAQ:PTON - Get Free Report) last announced its earnings results on Thursday, February 6th. The company reported ($0.24) EPS for the quarter, missing the consensus estimate of ($0.20) by ($0.04). Sell-side analysts predict that Peloton Interactive, Inc. will post -0.36 earnings per share for the current fiscal year.
Peloton Interactive 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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