Peloton Interactive, Inc. (NASDAQ:PTON) Shares Bought by T. Rowe Price Investment Management Inc.

T. Rowe Price Investment Management Inc. lifted its stake in Peloton Interactive, Inc. (NASDAQ:PTON - Free Report) by 38.0% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 16,820,256 shares of the company's stock after buying an additional 4,635,667 shares during the quarter. T. Rowe Price Investment Management Inc. owned approximately 4.41% of Peloton Interactive worth $146,337,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of PTON. Vanguard Group Inc. grew its stake in shares of Peloton Interactive by 4.9% during the 4th quarter. Vanguard Group Inc. now owns 35,059,790 shares of the company's stock worth $305,020,000 after purchasing an additional 1,645,640 shares during the period. Hennessy Advisors Inc. acquired a new stake in Peloton Interactive during the fourth quarter valued at $85,260,000. Geode Capital Management LLC increased its holdings in Peloton Interactive by 2.1% in the fourth quarter. Geode Capital Management LLC now owns 8,270,328 shares of the company's stock valued at $71,969,000 after buying an additional 170,901 shares in the last quarter. Renaissance Technologies LLC raised its position in shares of Peloton Interactive by 59.5% in the fourth quarter. Renaissance Technologies LLC now owns 5,833,700 shares of the company's stock worth $50,753,000 after acquiring an additional 2,176,400 shares during the period. Finally, Assenagon Asset Management S.A. purchased a new stake in shares of Peloton Interactive during the 4th quarter worth about $39,992,000. 77.01% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, 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 directly owns 130,031 shares in the company, valued at approximately $1,267,802.25. This represents a 14.84 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Andrew S. Rendich sold 17,401 shares of Peloton Interactive stock in a transaction that occurred on Wednesday, February 26th. The shares were sold at an average price of $8.18, for a total transaction of $142,340.18. Following the completion of the sale, the insider now owns 362,573 shares of the company's stock, valued at $2,965,847.14. This trade represents a 4.58 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 674,338 shares of company stock valued at $5,522,838. 1.34% of the stock is currently owned by insiders.

Peloton Interactive Trading Up 5.0 %

Shares of PTON opened at $6.28 on Friday. The firm has a 50-day moving average price of $6.54 and a 200 day moving average price of $7.68. Peloton Interactive, Inc. has a 12-month low of $2.70 and a 12-month high of $10.90. The firm has a market capitalization of $2.45 billion, a P/E ratio of -8.16 and a beta of 2.21.

Peloton Interactive (NASDAQ:PTON - Get Free Report) last announced its quarterly 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). Equities research analysts predict that Peloton Interactive, Inc. will post -0.36 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on the company. Canaccord Genuity Group raised Peloton Interactive from a "hold" rating to a "buy" rating and set a $10.00 price target for the company in a report on Friday, March 14th. JPMorgan Chase & Co. dropped their price target on shares of Peloton Interactive from $8.00 to $7.00 and set a "neutral" rating on the stock in a research note on Tuesday, April 8th. Argus upgraded shares of Peloton Interactive from a "hold" rating to a "buy" rating and set a $15.00 price objective for the company in a research report on Tuesday, February 11th. Macquarie reiterated a "neutral" rating and issued a $9.00 target price on shares of Peloton Interactive in a research report on Monday, February 10th. Finally, Needham & Company LLC reissued a "hold" rating on shares of Peloton Interactive in a research note on Thursday, February 6th. Fifteen research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus target price of $8.54.

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.

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