KLP Kapitalforvaltning AS Acquires Shares of 66,700 Peloton Interactive, Inc. (NASDAQ:PTON)

KLP Kapitalforvaltning AS acquired a new stake in shares of Peloton Interactive, Inc. (NASDAQ:PTON - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 66,700 shares of the company's stock, valued at approximately $580,000.

Several other hedge funds and other institutional investors also recently modified their holdings of PTON. Victory Capital Management Inc. boosted its holdings in Peloton Interactive by 3.8% during the 4th quarter. Victory Capital Management Inc. now owns 42,084 shares of the company's stock valued at $366,000 after acquiring an additional 1,534 shares during the period. Point72 Asia Singapore Pte. Ltd. raised its position in 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. Choreo LLC boosted its stake in shares of Peloton Interactive by 12.3% in the 4th quarter. Choreo LLC now owns 16,832 shares of the company's stock worth $150,000 after buying an additional 1,838 shares during the last quarter. Counterpoint Mutual Funds LLC raised its position in Peloton Interactive by 2.5% in the fourth quarter. Counterpoint Mutual Funds LLC now owns 79,459 shares of the company's stock worth $691,000 after acquiring an additional 1,951 shares during the period. Finally, Jones Financial Companies Lllp lifted its stake in shares of Peloton Interactive by 33.9% during the 4th quarter. Jones Financial Companies Lllp now owns 9,496 shares of the company's stock valued at $83,000 after buying an additional 2,403 shares in the last quarter. Hedge funds and other institutional investors own 77.01% of the company's stock.

Analyst Ratings Changes

PTON has been the subject of several analyst reports. Canaccord Genuity Group raised Peloton Interactive from a "hold" rating to a "buy" rating and set a $10.00 price objective for the company in a research note on Friday, March 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 raised shares of Peloton Interactive from a "hold" rating to a "buy" rating and set a $15.00 target price for the company in a report on Tuesday, February 11th. JMP Securities restated a "market perform" rating on shares of Peloton Interactive in a research report on Friday, February 7th. Finally, Macquarie restated a "neutral" rating and issued a $9.00 price objective on shares of Peloton Interactive in a report on Monday, February 10th. Fifteen equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat.com, Peloton Interactive currently has a consensus rating of "Hold" and a consensus price target of $8.69.

Insider Transactions at Peloton Interactive

In other news, insider Andrew S. Rendich sold 121,883 shares of the firm's stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $9.54, for a total value of $1,162,763.82. Following the completion of the transaction, the insider now directly owns 404,188 shares of the company's stock, valued at $3,855,953.52. This trade 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 is available at the SEC website. Also, CAO Saqib Baig sold 22,662 shares of Peloton Interactive stock in a transaction that occurred on Wednesday, February 19th. The shares were sold at an average price of $9.75, for a total transaction of $220,954.50. Following the sale, the chief accounting officer now owns 130,031 shares of the company's stock, valued at approximately $1,267,802.25. The trade was a 14.84 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 674,338 shares of company stock valued at $5,522,838. Corporate insiders own 1.34% of the company's stock.

Peloton Interactive Stock Up 2.4 %

Shares of PTON stock traded up $0.12 during trading on Monday, reaching $5.15. The company's stock had a trading volume of 15,239,923 shares, compared to its average volume of 16,046,071. The business has a fifty day moving average price of $7.41 and a 200-day moving average price of $7.65. Peloton Interactive, Inc. has a one year low of $2.70 and a one year high of $10.90. The company has a market cap of $2.01 billion, a price-to-earnings ratio of -6.69 and a beta of 2.21.

Peloton Interactive (NASDAQ:PTON - Get Free Report) last posted its quarterly earnings data on Thursday, February 6th. The company reported ($0.24) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.20) by ($0.04). Research analysts anticipate that Peloton Interactive, Inc. will post -0.36 EPS for the current 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.