Select Equity Group L.P. Buys Shares of 541,937 Peloton Interactive, Inc. (NASDAQ:PTON)

Select Equity Group L.P. purchased a new position in Peloton Interactive, Inc. (NASDAQ:PTON - Free Report) during the 2nd quarter, according to its most recent 13F filing with the SEC. The firm purchased 541,937 shares of the company's stock, valued at approximately $1,832,000. Select Equity Group L.P. owned about 0.15% of Peloton Interactive as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in PTON. Mercer Global Advisors Inc. ADV bought a new position in Peloton Interactive during the second quarter worth about $27,000. Skylands Capital LLC acquired a new position in Peloton Interactive during the second quarter valued at approximately $30,000. Nisa Investment Advisors LLC increased its stake in Peloton Interactive by 1,836.7% in the second quarter. Nisa Investment Advisors LLC now owns 9,490 shares of the company's stock valued at $32,000 after purchasing an additional 9,000 shares in the last quarter. Schneider Downs Wealth Management Advisors LP acquired a new stake in Peloton Interactive in the second quarter worth $35,000. Finally, CIBC Asset Management Inc bought a new position in shares of Peloton Interactive during the second quarter worth $35,000. 77.01% of the stock is owned by institutional investors and hedge funds.

Peloton Interactive Trading Down 3.2 %

NASDAQ PTON opened at $4.81 on Friday. The firm has a market capitalization of $1.78 billion, a P/E ratio of -2.28 and a beta of 2.04. The firm's fifty day moving average price is $4.03 and its two-hundred day moving average price is $3.81. Peloton Interactive, Inc. has a 1 year low of $2.70 and a 1 year high of $7.24.

Peloton Interactive (NASDAQ:PTON - Get Free Report) last issued its earnings results on Thursday, August 22nd. The company reported ($0.08) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.18) by $0.10. The firm had revenue of $644.00 million during the quarter, compared to analyst estimates of $633.00 million. The company's revenue for the quarter was up .3% on a year-over-year basis. During the same quarter last year, the business posted ($0.68) earnings per share. On average, research analysts anticipate that Peloton Interactive, Inc. will post -0.47 EPS for the current fiscal year.

Wall Street Analyst Weigh In

PTON has been the topic of several research analyst reports. JMP Securities reaffirmed a "market perform" rating on shares of Peloton Interactive in a research note on Tuesday, July 2nd. Telsey Advisory Group raised their price target on Peloton Interactive from $4.00 to $5.00 and gave the stock a "market perform" rating in a research report on Friday, August 23rd. Sanford C. Bernstein boosted their price objective on Peloton Interactive from $3.80 to $4.25 and gave the company a "market perform" rating in a research report on Friday, August 23rd. Canaccord Genuity Group increased their target price on Peloton Interactive from $4.00 to $5.00 and gave the stock a "hold" rating in a research note on Friday, August 23rd. Finally, Macquarie reaffirmed a "neutral" rating and issued a $2.53 price target on shares of Peloton Interactive in a research note on Thursday, August 22nd. One analyst has rated the stock with a sell rating, eighteen have issued a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of "Hold" and a consensus target price of $4.60.

Insider Buying and Selling

In other Peloton Interactive news, CAO Saqib Baig sold 50,000 shares of the firm's stock in a transaction on Friday, August 23rd. The stock was sold at an average price of $4.88, for a total transaction of $244,000.00. Following the completion of the sale, the chief accounting officer now owns 87,014 shares of the company's stock, valued at approximately $424,628.32. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other Peloton Interactive news, CAO Saqib Baig sold 50,000 shares of the stock in a transaction dated Friday, August 23rd. The shares were sold at an average price of $4.88, for a total value of $244,000.00. Following the transaction, the chief accounting officer now directly owns 87,014 shares of the company's stock, valued at approximately $424,628.32. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CFO Elizabeth F. Coddington sold 56,084 shares of the business's stock in a transaction that occurred on Tuesday, September 3rd. The stock was sold at an average price of $4.50, for a total value of $252,378.00. Following the sale, the chief financial officer now owns 186,466 shares of the company's stock, valued at approximately $839,097. The disclosure for this sale can be found here. In the last three months, insiders have sold 172,857 shares of company stock valued at $771,710. 3.28% of the stock is owned by insiders.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.