State Street Corp trimmed its holdings in Peloton Interactive, Inc. (NASDAQ:PTON - Free Report) by 0.8% in the 3rd quarter, according to its most recent filing with the SEC. The institutional investor owned 7,836,398 shares of the company's stock after selling 65,795 shares during the quarter. State Street Corp owned about 2.05% of Peloton Interactive worth $36,674,000 at the end of the most recent reporting period.
Other hedge funds have also bought and sold shares of the company. Connor Clark & Lunn Investment Management Ltd. bought a new stake in shares of Peloton Interactive in the third quarter worth $5,724,000. Gtcr LLC purchased a new position in Peloton Interactive in the third quarter worth about $65,520,000. Select Equity Group L.P. bought a new stake in shares of Peloton Interactive during the 2nd quarter valued at about $1,832,000. Versor Investments LP purchased a new stake in shares of Peloton Interactive during the 3rd quarter valued at about $415,000. Finally, Intech Investment Management LLC bought a new position in shares of Peloton Interactive in the 3rd quarter worth approximately $327,000. Hedge funds and other institutional investors own 77.01% of the company's stock.
Peloton Interactive Price Performance
Shares of PTON stock traded up $0.15 during mid-day trading on Friday, hitting $9.38. The company had a trading volume of 13,308,495 shares, compared to its average volume of 16,199,247. The stock's 50 day moving average price is $8.21 and its 200-day moving average price is $5.44. Peloton Interactive, Inc. has a 52-week low of $2.70 and a 52-week high of $10.90. The company has a market capitalization of $3.58 billion, a P/E ratio of -8.77 and a beta of 1.90.
Peloton Interactive (NASDAQ:PTON - Get Free Report) last announced its quarterly earnings results on Thursday, October 31st. The company reported ($0.16) EPS for the quarter, missing the consensus estimate of ($0.15) by ($0.01). The business had revenue of $586.00 million for the quarter, compared to analyst estimates of $572.97 million. The firm's quarterly revenue was down 1.6% on a year-over-year basis. During the same quarter in the prior year, the firm posted ($0.44) EPS. On average, equities research analysts expect that Peloton Interactive, Inc. will post -0.38 earnings per share for the current year.
Insider Activity at Peloton Interactive
In other news, CEO Karen Boone sold 16,925 shares of the business's stock in a transaction dated Thursday, December 5th. The shares were sold at an average price of $9.64, for a total value of $163,157.00. Following the sale, the chief executive officer now directly owns 228,217 shares in the company, valued at $2,200,011.88. The trade was a 6.90 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Chris Bruzzo sold 24,977 shares of the stock in a transaction dated Friday, October 18th. The shares were sold at an average price of $5.80, for a total transaction of $144,866.60. Following the completion of the transaction, the chief executive officer now directly owns 149,240 shares of the company's stock, valued at approximately $865,592. The trade was a 14.34 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 430,539 shares of company stock valued at $3,260,596. Insiders own 1.34% of the company's stock.
Wall Street Analysts Forecast Growth
A number of analysts have commented on the stock. Morgan Stanley upped their target price on shares of Peloton Interactive from $3.50 to $5.00 and gave the company an "equal weight" rating in a report on Friday, November 1st. JPMorgan Chase & Co. raised their target price on Peloton Interactive from $5.00 to $7.00 and gave the stock a "neutral" rating in a report on Friday, November 1st. Sanford C. Bernstein boosted their price target on Peloton Interactive from $4.25 to $6.50 and gave the company a "market perform" rating in a report on Friday, November 1st. JMP Securities restated a "market perform" rating on shares of Peloton Interactive in a research report on Thursday, October 3rd. Finally, Roth Mkm lifted their price objective on Peloton Interactive from $5.00 to $6.00 and gave the company a "buy" rating in a research report on Friday, August 23rd. Sixteen equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company's stock. According to data from MarketBeat, Peloton Interactive presently has a consensus rating of "Hold" and a consensus target price of $6.97.
Check Out Our Latest Stock Analysis on PTON
Peloton Interactive Company Profile
(
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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