Legacy Capital Group California Inc. purchased a new position in shares of Peloton Interactive, Inc. (NASDAQ:PTON - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 103,405 shares of the company's stock, valued at approximately $900,000.
Other hedge funds have also made changes to their positions in the company. Connor Clark & Lunn Investment Management Ltd. acquired a new stake in shares of Peloton Interactive during the third quarter worth approximately $5,724,000. Gtcr LLC bought a new position in Peloton Interactive during the third quarter worth $65,520,000. Two Sigma Advisers LP lifted its stake in Peloton Interactive by 2.9% during the third quarter. Two Sigma Advisers LP now owns 7,440,900 shares of the company's stock worth $34,823,000 after purchasing an additional 206,500 shares during the last quarter. Versor Investments LP bought a new position in Peloton Interactive during the third quarter worth $415,000. Finally, Franklin Resources Inc. bought a new position in Peloton Interactive during the third quarter worth $505,000. Institutional investors and hedge funds own 77.01% of the company's stock.
Wall Street Analyst Weigh In
Several equities analysts recently issued reports on PTON shares. Citigroup reduced their price objective on Peloton Interactive from $11.00 to $10.00 and set a "neutral" rating on the stock in a research note on Monday, February 10th. 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. Robert W. Baird raised their target price on Peloton Interactive from $4.75 to $8.00 and gave the company a "neutral" rating in a research note on Friday, November 1st. JPMorgan Chase & Co. raised their target price on Peloton Interactive from $5.00 to $7.00 and gave the company a "neutral" rating in a research note on Friday, November 1st. Finally, Needham & Company LLC reiterated a "hold" rating on shares of Peloton Interactive in a research note on Thursday, February 6th. Sixteen investment analysts have rated the stock with a hold rating and four have given a buy rating to the company's stock. According to MarketBeat, Peloton Interactive currently has a consensus rating of "Hold" and an average target price of $8.38.
Get Our Latest Analysis on PTON
Insider Buying and Selling
In related news, insider Andrew S. Rendich sold 121,883 shares of Peloton Interactive stock in a transaction dated 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 transaction, the insider now owns 404,188 shares of the company's stock, valued at approximately $3,855,953.52. This trade represents a 23.17 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CAO Saqib Baig sold 22,662 shares of Peloton Interactive stock in a transaction dated Wednesday, February 19th. The stock was 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 directly owns 130,031 shares in the company, valued at $1,267,802.25. This represents a 14.84 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 349,548 shares of company stock valued at $3,339,099 over the last three months. Company insiders own 1.34% of the company's stock.
Peloton Interactive Price Performance
Shares of PTON opened at $9.05 on Friday. The stock's fifty day moving average is $8.87 and its 200-day moving average is $7.00. Peloton Interactive, Inc. has a one year low of $2.70 and a one year 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 (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 earnings per share for the current fiscal 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.
See Also
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