MetLife Investment Management LLC Grows Position in Peloton Interactive, Inc. (NASDAQ:PTON)

MetLife Investment Management LLC increased its stake in shares of Peloton Interactive, Inc. (NASDAQ:PTON - Free Report) by 129.1% in the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 195,661 shares of the company's stock after buying an additional 110,247 shares during the period. MetLife Investment Management LLC owned about 0.05% of Peloton Interactive worth $916,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in PTON. Mercer Global Advisors Inc. ADV purchased a new stake in Peloton Interactive in the 2nd quarter worth about $27,000. Skylands Capital LLC bought a new stake in shares of Peloton Interactive in the second quarter valued at approximately $30,000. Nisa Investment Advisors LLC lifted its stake in shares of Peloton Interactive by 1,836.7% during the 2nd quarter. Nisa Investment Advisors LLC now owns 9,490 shares of the company's stock valued at $32,000 after buying an additional 9,000 shares in the last quarter. Schneider Downs Wealth Management Advisors LP bought a new position in Peloton Interactive in the 2nd quarter worth approximately $35,000. Finally, CIBC Asset Management Inc purchased a new position in Peloton Interactive in the 2nd quarter valued at approximately $35,000. Institutional investors own 77.01% of the company's stock.

Wall Street Analyst Weigh In

A number of research firms have recently commented on PTON. Truist Financial raised their price target on Peloton Interactive from $6.00 to $10.00 and gave the stock a "hold" rating in a report on Friday, November 1st. Bank of America upgraded Peloton Interactive from an "underperform" rating to a "buy" rating and raised their target price for the stock from $3.75 to $9.00 in a research note on Monday, November 4th. Morgan Stanley upped their price target on Peloton Interactive from $3.50 to $5.00 and gave the company an "equal weight" rating in a research report on Friday, November 1st. JMP Securities reaffirmed a "market perform" rating on shares of Peloton Interactive in a research note on Thursday, October 3rd. Finally, TD Cowen increased their target price on shares of Peloton Interactive from $3.00 to $4.00 and gave the stock a "hold" rating in a research note on Friday, August 23rd. Sixteen analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus price target of $6.97.

Peloton Interactive Stock Up 3.7 %

Shares of PTON traded up $0.36 during trading hours on Friday, hitting $10.01. The company had a trading volume of 14,735,376 shares, compared to its average volume of 15,026,742. The firm has a market cap of $3.82 billion, a P/E ratio of -9.36 and a beta of 1.90. Peloton Interactive, Inc. has a 52-week low of $2.70 and a 52-week high of $10.59. The stock's 50 day moving average price is $7.20 and its 200 day moving average price is $4.99.

Peloton Interactive (NASDAQ:PTON - Get Free Report) last announced its quarterly earnings data on Thursday, October 31st. The company reported ($0.16) earnings per share for the quarter, missing the consensus estimate of ($0.15) by ($0.01). The business had revenue of $586.00 million during the quarter, compared to analysts' expectations of $572.97 million. During the same period in the prior year, the firm earned ($0.44) EPS. The business's revenue was down 1.6% on a year-over-year basis. On average, research analysts expect that Peloton Interactive, Inc. will post -0.38 EPS for the current fiscal year.

Insider Buying and Selling at Peloton Interactive

In other news, CAO Saqib Baig sold 36,776 shares of the business's stock in a transaction that occurred on Monday, November 18th. The stock was sold at an average price of $7.53, for a total value of $276,923.28. Following the sale, the chief accounting officer now directly owns 137,357 shares of the company's stock, valued at $1,034,298.21. The trade was a 21.12 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Andrew S. Rendich sold 138,391 shares of the firm's stock in a transaction 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 transaction, the insider now owns 287,973 shares of the company's stock, valued at $2,162,677.23. The trade was a 32.46 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 467,358 shares of company stock valued at $3,435,118 in the last quarter. Company insiders own 1.34% of the company's stock.

Peloton Interactive 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.