Two Sigma Advisers LP Has $34.82 Million Stock Holdings in Peloton Interactive, Inc. (NASDAQ:PTON)

Two Sigma Advisers LP increased its position in shares of Peloton Interactive, Inc. (NASDAQ:PTON - Free Report) by 2.9% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 7,440,900 shares of the company's stock after buying an additional 206,500 shares during the period. Two Sigma Advisers LP owned about 1.95% of Peloton Interactive worth $34,823,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in the company. Gtcr LLC bought a new position in shares of Peloton Interactive during the third quarter worth about $65,520,000. DME Capital Management LP bought a new stake in Peloton Interactive during the second quarter valued at $22,947,000. Charles Schwab Investment Management Inc. lifted its holdings in Peloton Interactive by 7.9% in the third 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. Clearline Capital LP acquired a new position in Peloton Interactive during the 2nd quarter valued at approximately $7,527,000. Finally, Healthcare of Ontario Pension Plan Trust Fund bought a new stake in Peloton Interactive in the third quarter valued at $8,363,000. Institutional investors and hedge funds own 77.01% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on PTON. UBS Group upgraded shares of Peloton Interactive from a "sell" rating to a "neutral" rating and lifted their price objective for the company from $2.50 to $10.00 in a research report on Friday. Macquarie raised their price target on Peloton Interactive from $4.90 to $9.00 and gave the company a "neutral" rating in a report on Friday, November 1st. Bank of America upgraded shares of Peloton Interactive from an "underperform" rating to a "buy" rating and increased their target price for the company from $3.75 to $9.00 in a research report on Monday, November 4th. BMO Capital Markets boosted their price target on shares of Peloton Interactive from $6.50 to $8.50 and gave the stock a "market perform" rating in a research report on Monday, November 4th. Finally, JPMorgan Chase & Co. increased their price objective on shares of Peloton Interactive from $5.00 to $7.00 and gave the company a "neutral" rating in a report on Friday, November 1st. Sixteen research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat, the company currently has an average rating of "Hold" and a consensus target price of $6.97.

Peloton Interactive Stock Performance

Shares of PTON stock traded up $0.36 during trading on Friday, hitting $10.01. 14,735,376 shares of the company were exchanged, compared to its average volume of 15,026,742. The firm has a market capitalization of $3.82 billion, a price-to-earnings ratio of -9.36 and a beta of 1.90. The business's 50-day simple moving average is $7.20 and its 200 day simple moving average is $4.99. Peloton Interactive, Inc. has a twelve month low of $2.70 and a twelve month high of $10.59.

Peloton Interactive (NASDAQ:PTON - Get Free Report) last posted 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 firm had revenue of $586.00 million for the quarter, compared to analyst estimates of $572.97 million. During the same quarter in the prior year, the company posted ($0.44) EPS. The firm's quarterly revenue was down 1.6% compared to the same quarter last year. On average, equities analysts forecast that Peloton Interactive, Inc. will post -0.38 earnings per share for the current fiscal year.

Insider Transactions at Peloton Interactive

In related news, CAO Saqib Baig sold 36,776 shares of Peloton Interactive 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 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 document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Elizabeth F. Coddington sold 186,462 shares of the company's stock in a transaction on Monday, November 18th. The stock was sold at an average price of $7.58, for a total transaction of $1,413,381.96. Following the completion of the sale, the chief financial officer now owns 223,017 shares of the company's stock, valued at $1,690,468.86. This represents a 45.54 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 467,358 shares of company stock valued at $3,435,118 in the last three months. Corporate insiders own 1.34% of the company's stock.

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.