Rhumbline Advisers Purchases 34,514 Shares of Peloton Interactive, Inc. (NASDAQ:PTON)

Rhumbline Advisers lifted its position in shares of Peloton Interactive, Inc. (NASDAQ:PTON - Free Report) by 7.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 479,134 shares of the company's stock after acquiring an additional 34,514 shares during the quarter. Rhumbline Advisers owned 0.13% of Peloton Interactive worth $4,168,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in the business. PDT Partners LLC increased its stake in Peloton Interactive by 0.7% during the third quarter. PDT Partners LLC now owns 205,573 shares of the company's stock worth $962,000 after acquiring an additional 1,373 shares during the last quarter. Point72 Asia Singapore Pte. Ltd. grew its stake in shares of Peloton Interactive by 31.9% in the third quarter. Point72 Asia Singapore Pte. Ltd. now owns 6,605 shares of the company's stock valued at $31,000 after buying an additional 1,597 shares in the last quarter. Choreo LLC raised its holdings in shares of Peloton Interactive by 12.3% during the 4th quarter. Choreo LLC now owns 16,832 shares of the company's stock valued at $150,000 after buying an additional 1,838 shares during the period. R Squared Ltd acquired a new position in Peloton Interactive during the 4th quarter worth approximately $28,000. Finally, KBC Group NV boosted its holdings in Peloton Interactive by 36.0% in the 4th quarter. KBC Group NV now owns 15,953 shares of the company's stock worth $139,000 after acquiring an additional 4,221 shares during the period. 77.01% of the stock is currently owned by hedge funds and other institutional investors.

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Peloton Interactive Stock Down 0.4 %

Peloton Interactive stock traded down $0.03 during midday trading on Tuesday, hitting $7.00. The company's stock had a trading volume of 10,092,297 shares, compared to its average volume of 15,521,108. The stock's 50-day moving average price is $8.63 and its 200-day moving average price is $7.30. Peloton Interactive, Inc. has a 12 month low of $2.70 and a 12 month high of $10.90. The company has a market capitalization of $2.73 billion, a PE ratio of -9.09 and a beta of 1.95.

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

Insider Transactions at Peloton Interactive

In other Peloton Interactive news, CAO Saqib Baig sold 22,662 shares of Peloton Interactive stock in a transaction that occurred on Wednesday, February 19th. The stock was 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 of the company's stock, valued at $1,267,802.25. The trade was a 14.84 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Andrew S. Rendich sold 121,883 shares of the stock in a transaction dated Tuesday, February 18th. The stock was 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 of the company's stock, 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. In the last quarter, insiders sold 414,406 shares of company stock worth $3,913,773. 1.34% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on PTON shares. UBS Group upgraded shares of Peloton Interactive from a "sell" rating to a "neutral" rating and upped their target price for the company from $2.50 to $10.00 in a research note on Friday, December 6th. Argus upgraded Peloton Interactive from a "hold" rating to a "buy" rating and set a $15.00 target price for the company in a research note on Tuesday, February 11th. Needham & Company LLC reaffirmed a "hold" rating on shares of Peloton Interactive in a research report on Thursday, February 6th. Bank of America raised Peloton Interactive from an "underperform" rating to a "buy" rating and increased their price target for the company from $3.75 to $9.00 in a report on Monday, November 4th. Finally, Citigroup cut their target price on Peloton Interactive from $11.00 to $10.00 and set a "neutral" rating on the stock in a research report on Monday, February 10th. Sixteen research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, Peloton Interactive presently has a consensus rating of "Hold" and an average price target of $8.38.

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.