Versor Investments LP Buys Shares of 88,700 Peloton Interactive, Inc. (NASDAQ:PTON)

Versor Investments LP bought a new stake in shares of Peloton Interactive, Inc. (NASDAQ:PTON - Free Report) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 88,700 shares of the company's stock, valued at approximately $415,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Weil Company Inc. purchased a new position in Peloton Interactive during the third quarter valued at $77,000. Los Angeles Capital Management LLC acquired a new stake in shares of Peloton Interactive in the third quarter worth $212,000. Verdence Capital Advisors LLC purchased a new position in Peloton Interactive during the third quarter valued at $52,000. Ballentine Partners LLC purchased a new position in Peloton Interactive during the third quarter worth about $55,000. Finally, Kohmann Bosshard Financial Services LLC grew its holdings in shares of Peloton Interactive by 50.0% in the third quarter. Kohmann Bosshard Financial Services LLC now owns 15,000 shares of the company's stock valued at $70,000 after purchasing an additional 5,000 shares in the last quarter. 77.01% of the stock is currently owned by hedge funds and other institutional investors.

Peloton Interactive Trading Down 3.1 %

Shares of NASDAQ PTON traded down $0.25 during mid-day trading on Friday, reaching $7.75. 14,262,369 shares of the company's stock were exchanged, compared to its average volume of 16,458,852. The firm has a market capitalization of $2.96 billion, a price-to-earnings ratio of -7.21 and a beta of 1.93. The business has a fifty day simple moving average of $5.74 and a 200 day simple moving average of $4.38. Peloton Interactive, Inc. has a twelve month low of $2.70 and a twelve month high of $8.97.

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 business had revenue of $586.00 million during the quarter, compared to analysts' expectations of $572.97 million. The firm's quarterly revenue was down 1.6% on a year-over-year basis. During the same period last year, the company posted ($0.44) EPS. Equities research analysts predict that Peloton Interactive, Inc. will post -0.38 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Peloton Interactive news, insider Nick V. Caldwell acquired 31,337 shares of the company's stock in a transaction that occurred on Friday, August 23rd. The stock was bought at an average price of $4.25 per share, with a total value of $133,182.25. Following the completion of the purchase, the insider now owns 31,337 shares of the company's stock, valued at approximately $133,182.25. This represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Chris Bruzzo sold 13,524 shares of the firm's stock in a transaction dated Friday, November 1st. The shares were sold at an average price of $8.24, for a total value of $111,437.76. Following the sale, the director now owns 167,362 shares in the company, valued at $1,379,062.88. The trade was a 7.48 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 194,888 shares of company stock valued at $1,038,717 in the last 90 days. Corporate insiders own 1.34% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on the stock. JPMorgan Chase & Co. upped their price target on shares of Peloton Interactive from $5.00 to $7.00 and gave the stock a "neutral" rating in a research note on Friday, November 1st. Macquarie lifted their target price on Peloton Interactive from $4.90 to $9.00 and gave the stock a "neutral" 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. TD Cowen lifted their price target on Peloton Interactive from $3.00 to $4.00 and gave the stock a "hold" rating in a research report on Friday, August 23rd. Finally, Bank of America upgraded Peloton Interactive from an "underperform" rating to a "buy" rating and boosted their price objective for the company from $3.75 to $9.00 in a research report on Monday, November 4th. Fifteen analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat.com, Peloton Interactive presently has an average rating of "Hold" and an average price target of $6.75.

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.