Verition Fund Management LLC Has $1.32 Million Stake in Peloton Interactive, Inc. (NASDAQ:PTON)

Verition Fund Management LLC increased its position in shares of Peloton Interactive, Inc. (NASDAQ:PTON - Free Report) by 228.0% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 282,013 shares of the company's stock after buying an additional 196,028 shares during the period. Verition Fund Management LLC owned 0.07% of Peloton Interactive worth $1,320,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Connor Clark & Lunn Investment Management Ltd. acquired a new stake in shares of Peloton Interactive in the third quarter valued at about $5,724,000. Gtcr LLC acquired a new stake in shares of Peloton Interactive during the 3rd quarter worth approximately $65,520,000. Select Equity Group L.P. bought a new stake in shares of Peloton Interactive during the second quarter valued at approximately $1,832,000. Versor Investments LP acquired a new position in shares of Peloton Interactive in the third quarter valued at $415,000. Finally, Intech Investment Management LLC acquired a new stake in Peloton Interactive during the third quarter worth $327,000. 77.01% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Peloton Interactive

In other news, CEO Karen Boone sold 16,925 shares of the business's stock in a transaction on Thursday, December 5th. The shares were sold at an average price of $9.64, for a total value of $163,157.00. Following the completion of the transaction, the chief executive officer now owns 228,217 shares of the company's stock, valued at $2,200,011.88. The trade was a 6.90 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Elizabeth F. Coddington sold 186,462 shares of the firm's stock in a transaction on Monday, November 18th. The stock was sold at an average price of $7.58, for a total value of $1,413,381.96. Following the sale, the chief financial officer now directly owns 223,017 shares in the company, valued at $1,690,468.86. The trade was a 45.54 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 467,358 shares of company stock worth $3,435,118. 1.34% of the stock is owned by insiders.

Peloton Interactive Trading Up 3.7 %

Shares of PTON traded up $0.36 during trading hours on Friday, hitting $10.01. 14,735,376 shares of the stock traded hands, compared to its average volume of 15,026,742. The business has a fifty day moving average of $7.20 and a 200-day moving average of $5.00. The firm has a market capitalization of $3.82 billion, a PE ratio of -9.36 and a beta of 1.90. Peloton Interactive, Inc. has a 1-year low of $2.70 and a 1-year high of $10.59.

Peloton Interactive (NASDAQ:PTON - Get Free Report) last issued its earnings results on Thursday, October 31st. The company reported ($0.16) earnings per share (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 the consensus estimate of $572.97 million. During the same quarter in the previous year, the business earned ($0.44) earnings per share. The company's revenue was down 1.6% on a year-over-year basis. As a group, equities research analysts expect that Peloton Interactive, Inc. will post -0.38 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of research firms have recently commented on PTON. UBS Group raised shares of 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. Telsey Advisory Group lifted their price objective on Peloton Interactive from $5.00 to $9.00 and gave the company a "market perform" rating in a report on Friday, November 1st. Roth Mkm raised their target price on Peloton Interactive from $5.00 to $6.00 and gave the stock a "buy" rating in a research report on Friday, August 23rd. Sanford C. Bernstein upped their price target on Peloton Interactive from $4.25 to $6.50 and gave the company a "market perform" rating in a research report on Friday, November 1st. Finally, JPMorgan Chase & Co. boosted their target price on shares of Peloton Interactive from $5.00 to $7.00 and gave the company a "neutral" rating in a research note on Friday, November 1st. Sixteen investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Hold" and a consensus target price of $6.97.

About Peloton Interactive

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.