497,684 Shares in Peloton Interactive, Inc. (NASDAQ:PTON) Acquired by Proem Advisors LLC

Proem Advisors LLC purchased a new position in shares of Peloton Interactive, Inc. (NASDAQ:PTON - Free Report) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 497,684 shares of the company's stock, valued at approximately $4,330,000. Peloton Interactive accounts for about 1.2% of Proem Advisors LLC's investment portfolio, making the stock its 12th largest holding. Proem Advisors LLC owned about 0.13% of Peloton Interactive as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Vanguard Group Inc. grew its stake in 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 in the last quarter. Hennessy Advisors Inc. purchased a new position in shares of Peloton Interactive in the 4th quarter valued at about $85,260,000. Geode Capital Management LLC grew its position in shares of Peloton Interactive by 2.1% during the fourth quarter. Geode Capital Management LLC now owns 8,270,328 shares of the company's stock worth $71,969,000 after buying an additional 170,901 shares in the last quarter. Two Sigma Advisers LP increased its stake in shares of 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 buying an additional 206,500 shares during the period. Finally, Assenagon Asset Management S.A. acquired a new stake in Peloton Interactive in the fourth quarter valued at approximately $39,992,000. Hedge funds and other institutional investors own 77.01% of the company's stock.

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Peloton Interactive Price Performance

Shares of NASDAQ:PTON traded down $0.37 during trading on Friday, reaching $5.03. The company had a trading volume of 18,774,971 shares, compared to its average volume of 16,049,260. Peloton Interactive, Inc. has a fifty-two week low of $2.70 and a fifty-two week high of $10.90. The stock's fifty day moving average price is $7.47 and its 200 day moving average price is $7.65. The firm has a market capitalization of $1.96 billion, a price-to-earnings ratio of -6.53 and a beta of 2.21.

Peloton Interactive (NASDAQ:PTON - Get Free Report) last announced its quarterly earnings data on Thursday, February 6th. The company reported ($0.24) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.20) by ($0.04). On average, equities analysts anticipate that Peloton Interactive, Inc. will post -0.36 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on PTON. JMP Securities reissued a "market perform" rating on shares of Peloton Interactive in a research report on Friday, February 7th. Citigroup cut their price target 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. Macquarie reaffirmed a "neutral" rating and set a $9.00 price target on shares of Peloton Interactive in a report on Monday, February 10th. Needham & Company LLC reiterated a "hold" rating on shares of Peloton Interactive in a report on Thursday, February 6th. Finally, Telsey Advisory Group restated a "market perform" rating and set a $11.00 target price on shares of Peloton Interactive in a research note on Monday, February 3rd. Fifteen investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat.com, Peloton Interactive currently has an average rating of "Hold" and an average target price of $8.69.

Insider Activity at Peloton Interactive

In other Peloton Interactive news, insider Andrew S. Rendich sold 17,401 shares of the stock in a transaction 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 completion of the transaction, the insider now owns 362,573 shares in the company, valued at approximately $2,965,847.14. This represents a 4.58 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CAO Saqib Baig sold 22,662 shares of the stock in a transaction dated Wednesday, February 19th. The shares were sold at an average price of $9.75, for a total transaction of $220,954.50. Following the completion of the transaction, the chief accounting officer now owns 130,031 shares of the company's stock, 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 sold a total of 674,338 shares of company stock worth $5,522,838 over the last 90 days. 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.