KLP Kapitalforvaltning AS purchased a new stake in Peloton Interactive, Inc. (NASDAQ:PTON - Free Report) during the fourth quarter, according to its most recent disclosure with the SEC. The firm purchased 66,700 shares of the company's stock, valued at approximately $580,000.
A number of other institutional investors have also recently made changes to their positions in PTON. R Squared Ltd purchased a new stake in shares of Peloton Interactive in the fourth quarter valued at about $28,000. Point72 Asia Singapore Pte. Ltd. grew its stake in Peloton Interactive by 31.9% during the 3rd quarter. Point72 Asia Singapore Pte. Ltd. now owns 6,605 shares of the company's stock worth $31,000 after purchasing an additional 1,597 shares in the last quarter. Sanctuary Advisors LLC acquired a new position in Peloton Interactive during the 3rd quarter worth approximately $58,000. SBI Securities Co. Ltd. purchased a new position in shares of Peloton Interactive in the 4th quarter valued at about $69,000. Finally, Jones Financial Companies Lllp lifted its holdings in shares of Peloton Interactive by 33.9% in the 4th quarter. Jones Financial Companies Lllp now owns 9,496 shares of the company's stock valued at $83,000 after purchasing an additional 2,403 shares during the last quarter. 77.01% of the stock is owned by institutional investors and hedge funds.
Insiders Place Their Bets
In related news, CFO Elizabeth F. Coddington sold 170,819 shares of the stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $9.62, for a total transaction of $1,643,278.78. Following the sale, the chief financial officer now owns 275,212 shares in the company, valued at $2,647,539.44. This represents a 38.30 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 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 value of $220,954.50. Following the completion of the transaction, 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. Insiders have sold a total of 674,338 shares of company stock valued at $5,522,838 in the last quarter. Insiders own 1.34% of the company's stock.
Wall Street Analyst Weigh In
Several equities analysts recently weighed in on PTON shares. UBS Group raised Peloton Interactive from a "sell" rating to a "neutral" rating and raised their price objective for the company from $2.50 to $10.00 in a research note on Friday, December 6th. Telsey Advisory Group reissued a "market perform" rating and issued a $11.00 price target on shares of Peloton Interactive in a research note on Monday, February 3rd. Citigroup lowered their target price on shares of Peloton Interactive from $11.00 to $10.00 and set a "neutral" rating for the company in a report on Monday, February 10th. Canaccord Genuity Group raised shares of 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. Finally, 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 research report on Tuesday, February 11th. Fifteen research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus price target of $8.69.
Check Out Our Latest Report on PTON
Peloton Interactive Stock Down 6.9 %
Shares of Peloton Interactive stock traded down $0.37 on Friday, hitting $5.03. 18,774,971 shares of the company's stock traded hands, compared to its average volume of 16,066,199. The firm's 50-day moving average is $7.54 and its 200 day moving average is $7.60. The stock has a market cap of $1.96 billion, a P/E ratio of -6.53 and a beta of 2.21. Peloton Interactive, Inc. has a 52-week low of $2.70 and a 52-week high of $10.90.
Peloton Interactive (NASDAQ:PTON - Get Free Report) last released its earnings results on Thursday, February 6th. The company reported ($0.24) earnings per share for the quarter, missing the consensus estimate of ($0.20) by ($0.04). Equities research analysts forecast that Peloton Interactive, Inc. will post -0.36 EPS for the current year.
About Peloton Interactive
(
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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