Landscape Capital Management L.L.C. Invests $981,000 in Peloton Interactive, Inc. (NASDAQ:PTON)

Landscape Capital Management L.L.C. purchased a new position in Peloton Interactive, Inc. (NASDAQ:PTON - Free Report) during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 209,661 shares of the company's stock, valued at approximately $981,000. Landscape Capital Management L.L.C. owned about 0.05% of Peloton Interactive at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in PTON. Abundance Wealth Counselors boosted its stake in Peloton Interactive by 24.7% during the second quarter. Abundance Wealth Counselors now owns 13,380 shares of the company's stock worth $45,000 after buying an additional 2,654 shares during the last quarter. Signaturefd LLC boosted its stake in Peloton Interactive by 2.7% during the second quarter. Signaturefd LLC now owns 113,645 shares of the company's stock worth $384,000 after buying an additional 3,032 shares during the last quarter. Arizona State Retirement System boosted its stake in Peloton Interactive by 3.8% during the second quarter. Arizona State Retirement System now owns 92,781 shares of the company's stock worth $314,000 after buying an additional 3,377 shares during the last quarter. Kohmann Bosshard Financial Services LLC boosted its stake in Peloton Interactive by 50.0% during the third quarter. Kohmann Bosshard Financial Services LLC now owns 15,000 shares of the company's stock worth $70,000 after buying an additional 5,000 shares during the last quarter. Finally, Commonwealth Equity Services LLC boosted its stake in Peloton Interactive by 4.3% during the second quarter. Commonwealth Equity Services LLC now owns 133,765 shares of the company's stock worth $452,000 after buying an additional 5,463 shares during the last quarter. 77.01% of the stock is owned by institutional investors and hedge funds.

Peloton Interactive Trading Up 5.3 %

PTON traded up $0.48 on Friday, hitting $9.54. 20,356,968 shares of the company were exchanged, compared to its average volume of 25,334,142. Peloton Interactive, Inc. has a twelve month low of $2.70 and a twelve month high of $9.78. The firm has a 50-day moving average price of $6.21 and a two-hundred day moving average price of $4.59.

Peloton Interactive (NASDAQ:PTON - Get Free Report) last released its earnings results on Thursday, October 31st. The company reported ($0.16) EPS 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. Peloton Interactive's quarterly revenue was down 1.6% compared to the same quarter last year. During the same period last year, the firm earned ($0.44) earnings per share. Sell-side analysts expect that Peloton Interactive, Inc. will post -0.38 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on PTON shares. JMP Securities reissued a "market perform" rating on shares of Peloton Interactive in a research note on Thursday, October 3rd. Needham & Company LLC restated a "hold" rating on shares of Peloton Interactive in a research report on Friday, November 1st. Roth Mkm lifted their target price on Peloton Interactive from $5.00 to $6.00 and gave the company a "buy" rating in a research report on Friday, August 23rd. JPMorgan Chase & Co. lifted their target price on Peloton Interactive from $5.00 to $7.00 and gave the company a "neutral" rating in a research report on Friday, November 1st. Finally, Truist Financial lifted their target price on Peloton Interactive from $6.00 to $10.00 and gave the company a "hold" 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. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus price target of $6.75.

Insider Transactions at Peloton Interactive

In related news, CEO Chris Bruzzo sold 24,977 shares of the company's stock in a transaction dated Friday, October 18th. The stock was sold at an average price of $5.80, for a total value of $144,866.60. Following the completion of the sale, the chief executive officer now directly owns 149,240 shares of the company's stock, valued at $865,592. This represents a 14.34 % 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, insider Andrew S. Rendich sold 138,391 shares of the company's stock in a transaction that occurred on Monday, November 18th. The shares were sold at an average price of $7.51, for a total value of $1,039,316.41. Following the sale, the insider now directly owns 287,973 shares of the company's stock, valued at approximately $2,162,677.23. This represents a 32.46 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In 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 corporate insiders.

About Peloton Interactive

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.