Quantbot Technologies LP Has $2 Million Holdings in Peloton Interactive, Inc. (NASDAQ:PTON)

Quantbot Technologies LP lifted its holdings in shares of Peloton Interactive, Inc. (NASDAQ:PTON - Free Report) by 107.6% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 229,650 shares of the company's stock after purchasing an additional 119,015 shares during the quarter. Quantbot Technologies LP owned approximately 0.06% of Peloton Interactive worth $1,998,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of PTON. Gtcr LLC bought a new stake in shares of Peloton Interactive during the 3rd quarter worth $65,520,000. Hennessy Advisors Inc. acquired a new position in Peloton Interactive during the 4th quarter worth $85,260,000. Assenagon Asset Management S.A. bought a new stake in Peloton Interactive during the fourth quarter valued at about $39,992,000. Connor Clark & Lunn Investment Management Ltd. grew its position in shares of Peloton Interactive by 245.7% in the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 4,227,854 shares of the company's stock valued at $36,782,000 after purchasing an additional 3,004,757 shares during the last quarter. Finally, Healthcare of Ontario Pension Plan Trust Fund bought a new position in shares of Peloton Interactive in the third quarter worth about $8,363,000. Institutional investors own 77.01% of the company's stock.

Insider Activity at Peloton Interactive

In other Peloton Interactive news, insider Jennifer Cunningham Cotter sold 187,238 shares of the business's stock in a transaction dated Thursday, March 6th. The stock was sold at an average price of $6.45, for a total transaction of $1,207,685.10. Following the completion of the sale, the insider now directly owns 100,269 shares of the company's stock, valued at approximately $646,735.05. The trade was a 65.12 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Andrew S. Rendich sold 121,883 shares of the firm's stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $9.54, for a total transaction of $1,162,763.82. Following the completion of the transaction, the insider now directly owns 404,188 shares in the company, valued at $3,855,953.52. This trade represents a 23.17 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 691,597 shares of company stock valued at $5,671,783 over the last quarter. Corporate insiders own 1.34% of the company's stock.

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Wall Street Analysts Forecast Growth

PTON has been the topic of a number of research analyst reports. Canaccord Genuity Group raised Peloton Interactive from a "hold" rating to a "buy" rating and set a $10.00 target price on the stock in a report on Friday, March 14th. The Goldman Sachs Group boosted their target price on shares of Peloton Interactive from $8.00 to $10.00 and gave the stock a "neutral" rating in a research report on Monday, February 10th. Macquarie reissued a "neutral" rating and issued a $9.00 price target on shares of Peloton Interactive in a report on Monday, February 10th. Telsey Advisory Group restated a "market perform" rating and issued a $11.00 price target on shares of Peloton Interactive in a research report on Monday, February 3rd. Finally, Needham & Company LLC reiterated a "hold" rating on shares of Peloton Interactive in a research note on Thursday, February 6th. Fifteen equities research 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, the company presently has a consensus rating of "Hold" and an average price target of $8.69.

Peloton Interactive Stock Down 2.6 %

PTON traded down $0.18 during trading on Thursday, hitting $6.77. The company's stock had a trading volume of 7,900,331 shares, compared to its average volume of 15,882,381. The stock has a market capitalization of $2.64 billion, a price-to-earnings ratio of -8.79 and a beta of 1.95. The firm's 50 day moving average price is $7.80 and its two-hundred day moving average price is $7.55. Peloton Interactive, Inc. has a 12 month low of $2.70 and a 12 month high of $10.90.

Peloton Interactive (NASDAQ:PTON - Get Free Report) last issued its quarterly earnings results 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, sell-side analysts forecast that Peloton Interactive, Inc. will post -0.36 earnings per share for the current year.

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.