Soros Fund Management LLC Buys Shares of 213,336 Peloton Interactive, Inc. (NASDAQ:PTON)

Soros Fund Management LLC acquired a new stake in Peloton Interactive, Inc. (NASDAQ:PTON - Free Report) during the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 213,336 shares of the company's stock, valued at approximately $998,000. Soros Fund Management LLC owned about 0.06% of Peloton Interactive at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Prentice Capital Management LP lifted its stake in Peloton Interactive by 58.8% during the third quarter. Prentice Capital Management LP now owns 1,221,973 shares of the company's stock worth $5,719,000 after purchasing an additional 452,604 shares during the last quarter. Cinctive Capital Management LP lifted its position in shares of Peloton Interactive by 2.3% during the 3rd quarter. Cinctive Capital Management LP now owns 574,452 shares of the company's stock worth $2,688,000 after buying an additional 12,771 shares during the last quarter. Point72 Asia Singapore Pte. Ltd. grew its position in shares of Peloton Interactive by 31.9% in the 3rd 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 during the last quarter. PDT Partners LLC raised its stake in Peloton Interactive by 0.7% during the 3rd quarter. PDT Partners LLC now owns 205,573 shares of the company's stock worth $962,000 after acquiring an additional 1,373 shares in the last quarter. Finally, Verition Fund Management LLC lifted its position in Peloton Interactive by 228.0% in the third quarter. Verition Fund Management LLC now owns 282,013 shares of the company's stock valued at $1,320,000 after acquiring an additional 196,028 shares during the last quarter. Institutional investors and hedge funds own 77.01% of the company's stock.

Insider Activity

In other Peloton Interactive news, CFO Elizabeth F. Coddington sold 36,819 shares of the business's stock in a transaction on Monday, September 16th. The stock was sold at an average price of $4.74, for a total transaction of $174,522.06. Following the sale, the chief financial officer now directly owns 171,466 shares in the company, valued at approximately $812,748.84. The trade was a 17.68 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CAO Saqib Baig sold 36,776 shares of the company's stock in a transaction on Monday, November 18th. The shares were sold at an average price of $7.53, for a total value of $276,923.28. Following the completion of the sale, the chief accounting officer now directly owns 137,357 shares in the company, valued at $1,034,298.21. This trade represents a 21.12 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 467,358 shares of company stock worth $3,435,118 in the last 90 days. 1.34% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on PTON. UBS Group raised Peloton Interactive from a "sell" rating to a "neutral" rating and raised their price objective for the stock from $2.50 to $10.00 in a report on Friday. Macquarie raised their price target on Peloton Interactive from $4.90 to $9.00 and gave the stock a "neutral" rating in a research note on Friday, November 1st. JMP Securities reiterated a "market perform" rating on shares of Peloton Interactive in a research note on Thursday, October 3rd. Sanford C. Bernstein raised their target price on shares of Peloton Interactive from $4.25 to $6.50 and gave the stock a "market perform" rating in a research report on Friday, November 1st. Finally, BMO Capital Markets upped their price target on shares of Peloton Interactive from $6.50 to $8.50 and gave the company a "market perform" rating in a research report on Monday, November 4th. Sixteen analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and an average target price of $6.97.

Peloton Interactive Stock Performance

PTON traded up $0.54 during trading on Friday, reaching $10.19. The company's stock had a trading volume of 9,860,564 shares, compared to its average volume of 16,357,442. The company's fifty day moving average price is $7.10 and its 200-day moving average price is $4.94. Peloton Interactive, Inc. has a 52-week low of $2.70 and a 52-week high of $10.59. The company has a market capitalization of $3.89 billion, a price-to-earnings ratio of -9.67 and a beta of 1.90.

Peloton Interactive (NASDAQ:PTON - Get Free Report) last posted its quarterly earnings results on Thursday, October 31st. The company reported ($0.16) earnings per share for the quarter, missing analysts' consensus estimates of ($0.15) by ($0.01). The company had revenue of $586.00 million during the quarter, compared to analysts' expectations of $572.97 million. Peloton Interactive's quarterly revenue was down 1.6% on a year-over-year basis. During the same quarter in the previous year, the business posted ($0.44) EPS. Equities analysts predict that Peloton Interactive, Inc. will post -0.38 earnings per share for the current year.

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.