SG Americas Securities LLC lessened its stake in shares of Peloton Interactive, Inc. (NASDAQ:PTON - Free Report) by 95.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 14,929 shares of the company's stock after selling 308,549 shares during the quarter. SG Americas Securities LLC's holdings in Peloton Interactive were worth $130,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also bought and sold shares of the company. Gtcr LLC purchased a new stake in shares of Peloton Interactive during the 3rd quarter valued at $65,520,000. Hennessy Advisors Inc. purchased a new stake in shares of Peloton Interactive during the 4th quarter valued at $85,260,000. Two Sigma Advisers LP raised its stake in Peloton Interactive by 2.9% in the 3rd quarter. Two Sigma Advisers LP now owns 7,440,900 shares of the company's stock worth $34,823,000 after acquiring an additional 206,500 shares during the last quarter. Assenagon Asset Management S.A. purchased a new position in Peloton Interactive in the 4th quarter worth $39,992,000. Finally, Charles Schwab Investment Management Inc. raised its stake in Peloton Interactive by 7.9% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 3,996,356 shares of the company's stock worth $18,703,000 after acquiring an additional 291,946 shares during the last quarter. Institutional investors own 77.01% of the company's stock.
Analysts Set New Price Targets
A number of equities analysts recently issued reports on PTON shares. UBS Group upgraded Peloton Interactive from a "sell" rating to a "neutral" rating and raised their target price for the stock from $2.50 to $10.00 in a research note on Friday, December 6th. Citigroup reduced their target price on Peloton Interactive from $11.00 to $10.00 and set a "neutral" rating for the company in a research note on Monday, February 10th. Truist Financial raised their target price on Peloton Interactive from $6.00 to $10.00 and gave the stock a "hold" rating in a research note on Friday, November 1st. BMO Capital Markets raised their target price on Peloton Interactive from $6.50 to $8.50 and gave the stock a "market perform" rating in a research note on Monday, November 4th. Finally, Argus upgraded Peloton Interactive from a "hold" rating to a "buy" rating and set a $15.00 price objective for the company in a research note on Tuesday. Sixteen analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat, the company presently has an average rating of "Hold" and a consensus target price of $8.38.
View Our Latest Stock Report on Peloton Interactive
Peloton Interactive Price Performance
PTON stock traded down $0.38 during trading on Friday, hitting $9.77. The stock had a trading volume of 36,034,938 shares, compared to its average volume of 13,057,783. Peloton Interactive, Inc. has a twelve month low of $2.70 and a twelve month high of $10.90. The stock has a market capitalization of $3.73 billion, a P/E ratio of -12.69 and a beta of 1.95. The company's 50-day moving average price is $8.88 and its two-hundred day moving average price is $6.83.
Peloton Interactive (NASDAQ:PTON - Get Free Report) last posted 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). As a group, sell-side analysts expect that Peloton Interactive, Inc. will post -0.39 EPS for the current fiscal year.
Insider Buying and Selling
In other news, CAO Saqib Baig sold 36,776 shares of Peloton Interactive stock in a transaction that occurred on Monday, November 18th. The shares were sold at an average price of $7.53, for a total transaction of $276,923.28. Following the sale, the chief accounting officer now owns 137,357 shares of the company's stock, valued at approximately $1,034,298.21. The trade was a 21.12 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Elizabeth F. Coddington sold 186,462 shares of Peloton Interactive stock in a transaction that occurred on Monday, November 18th. The shares were sold at an average price of $7.58, for a total transaction of $1,413,381.96. Following the sale, the chief financial officer now directly owns 223,017 shares in the company, valued at approximately $1,690,468.86. The trade was a 45.54 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 395,813 shares of company stock worth $3,041,724. 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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