Quantbot Technologies LP bought a new stake in Peloton Interactive, Inc. (NASDAQ:PTON - Free Report) during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 110,635 shares of the company's stock, valued at approximately $518,000.
Other hedge funds and other institutional investors have also bought and sold shares of the company. Mercer Global Advisors Inc. ADV acquired a new position in shares of Peloton Interactive during the 2nd quarter worth approximately $27,000. Skylands Capital LLC acquired a new position in shares of Peloton Interactive during the 2nd quarter worth approximately $30,000. Nisa Investment Advisors LLC increased its holdings 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 worth $32,000 after acquiring an additional 9,000 shares during the last quarter. Schneider Downs Wealth Management Advisors LP acquired a new position in shares of Peloton Interactive during the 2nd quarter worth approximately $35,000. Finally, CIBC Asset Management Inc acquired a new position in shares of Peloton Interactive during the 2nd quarter worth approximately $35,000. Institutional investors and hedge funds own 77.01% of the company's stock.
Wall Street Analysts Forecast Growth
A number of research analysts recently weighed in on the company. Canaccord Genuity Group boosted their target price on Peloton Interactive from $4.00 to $5.00 and gave the stock a "hold" rating in a report on Friday, August 23rd. Macquarie boosted their target price on Peloton Interactive from $4.90 to $9.00 and gave the stock a "neutral" rating in a report on Friday, November 1st. BMO Capital Markets boosted their target price on Peloton Interactive from $6.50 to $8.50 and gave the stock a "market perform" rating in a report on Monday, November 4th. Morgan Stanley boosted their target price on Peloton Interactive from $3.50 to $5.00 and gave the stock an "equal weight" rating in a report on Friday, November 1st. Finally, JMP Securities reissued a "market perform" rating on shares of Peloton Interactive in a report on Thursday, October 3rd. Fifteen investment analysts have rated the stock with a hold rating and three have given a buy rating to the company's stock. Based on data from MarketBeat, Peloton Interactive has an average rating of "Hold" and a consensus target price of $6.75.
Read Our Latest Stock Report on PTON
Peloton Interactive Stock Down 3.2 %
Shares of NASDAQ:PTON traded down $0.32 during trading on Wednesday, reaching $9.54. 16,608,092 shares of the company traded hands, compared to its average volume of 16,413,428. The company's 50 day moving average is $7.00 and its two-hundred day moving average is $4.91. The firm has a market capitalization of $3.64 billion, a PE ratio of -8.92 and a beta of 1.90. Peloton Interactive, Inc. has a 52 week low of $2.70 and a 52 week high of $10.40.
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 company had revenue of $586.00 million during the quarter, compared to analyst estimates of $572.97 million. During the same period in the prior year, the company posted ($0.44) EPS. The firm's revenue was down 1.6% compared to the same quarter last year. As a group, research analysts anticipate that Peloton Interactive, Inc. will post -0.38 EPS for the current year.
Insiders Place Their Bets
In other news, CFO Elizabeth F. Coddington sold 36,819 shares of the stock in a transaction dated Monday, September 16th. The stock was sold at an average price of $4.74, for a total value of $174,522.06. Following the completion of the sale, the chief financial officer now owns 171,466 shares of the company's stock, valued at approximately $812,748.84. This represents a 17.68 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Andrew S. Rendich sold 138,391 shares of the stock in a transaction dated 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 completion of the sale, the insider now directly owns 287,973 shares of the company's stock, valued at approximately $2,162,677.23. The trade was a 32.46 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 450,433 shares of company stock valued at $3,271,961 in the last 90 days. Corporate insiders own 1.34% of the company's stock.
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.
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