Landscape Capital Management L.L.C. Sells 143,532 Shares of Peloton Interactive, Inc. (NASDAQ:PTON)

Landscape Capital Management L.L.C. trimmed its holdings in Peloton Interactive, Inc. (NASDAQ:PTON - Free Report) by 68.5% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 66,129 shares of the company's stock after selling 143,532 shares during the period. Landscape Capital Management L.L.C.'s holdings in Peloton Interactive were worth $575,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. R Squared Ltd bought a new position in Peloton Interactive during the 4th quarter valued at $28,000. Point72 Asia Singapore Pte. Ltd. increased its position in shares of Peloton Interactive by 31.9% during the third quarter. Point72 Asia Singapore Pte. Ltd. now owns 6,605 shares of the company's stock valued at $31,000 after acquiring an additional 1,597 shares during the last quarter. Sanctuary Advisors LLC purchased a new stake in shares of Peloton Interactive during the third quarter valued at approximately $58,000. SBI Securities Co. Ltd. purchased a new position in Peloton Interactive in the fourth quarter worth $69,000. Finally, C M Bidwell & Associates Ltd. bought a new position in Peloton Interactive in the 4th quarter valued at $72,000. 77.01% of the stock is owned by institutional investors.

Insider Activity

In other news, insider Andrew S. Rendich sold 17,401 shares of Peloton Interactive stock in a transaction that occurred on Wednesday, February 26th. The stock was sold at an average price of $8.18, for a total value of $142,340.18. Following the sale, the insider now directly owns 362,573 shares in the company, valued at approximately $2,965,847.14. This trade represents a 4.58 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO Saqib Baig sold 22,662 shares of the company's 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 transaction, the chief accounting officer now owns 130,031 shares of the company's stock, valued at approximately $1,267,802.25. This represents a 14.84 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 674,338 shares of company stock valued at $5,522,838. Corporate insiders own 1.34% of the company's stock.

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Wall Street Analyst Weigh In

PTON has been the topic of a number of research analyst reports. 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 report on Friday, March 14th. Macquarie restated a "neutral" rating and set a $9.00 price target on shares of Peloton Interactive in a research note on Monday, February 10th. Needham & Company LLC reissued a "hold" rating on shares of Peloton Interactive in a report on Thursday, February 6th. Argus upgraded Peloton Interactive from a "hold" rating to a "buy" rating and set a $15.00 target price on the stock in a research note on Tuesday, February 11th. Finally, Citigroup dropped their price target on Peloton Interactive from $11.00 to $10.00 and set a "neutral" rating on the stock in a research report on Monday, February 10th. Fifteen analysts have rated the stock with a hold rating and five have issued a buy rating to the company's stock. According to MarketBeat.com, Peloton Interactive has a consensus rating of "Hold" and an average target price of $8.69.

Peloton Interactive Stock Performance

PTON traded down $0.03 on Friday, reaching $5.47. The company had a trading volume of 3,381,951 shares, compared to its average volume of 16,047,500. Peloton Interactive, Inc. has a 52-week low of $2.70 and a 52-week high of $10.90. The company has a market cap of $2.13 billion, a price-to-earnings ratio of -7.19 and a beta of 2.21. The business has a 50 day simple moving average of $7.17 and a 200 day simple moving average of $7.63.

Peloton Interactive (NASDAQ:PTON - Get Free Report) last released its quarterly earnings results on Thursday, February 6th. The company reported ($0.24) earnings per share for the quarter, missing analysts' consensus estimates of ($0.20) by ($0.04). As a group, equities research analysts predict that Peloton Interactive, Inc. will post -0.36 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.