Wolverine Asset Management LLC Sells 61,326 Shares of Peloton Interactive, Inc. (NASDAQ:PTON)

Wolverine Asset Management LLC trimmed its stake in Peloton Interactive, Inc. (NASDAQ:PTON - Free Report) by 24.5% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 188,674 shares of the company's stock after selling 61,326 shares during the period. Wolverine Asset Management LLC's holdings in Peloton Interactive were worth $1,641,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in the stock. Gtcr LLC bought a new position in Peloton Interactive in the third quarter worth about $65,520,000. Hennessy Advisors Inc. bought a new position in shares of Peloton Interactive during the 4th quarter worth approximately $85,260,000. Two Sigma Advisers LP lifted its position in Peloton Interactive by 2.9% during the third quarter. Two Sigma Advisers LP now owns 7,440,900 shares of the company's stock valued at $34,823,000 after acquiring an additional 206,500 shares during the last quarter. Assenagon Asset Management S.A. purchased a new stake in Peloton Interactive during the fourth quarter valued at approximately $39,992,000. Finally, Charles Schwab Investment Management Inc. boosted its stake 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 valued at $18,703,000 after acquiring an additional 291,946 shares in the last quarter. 77.01% of the stock is currently owned by hedge funds and other institutional investors.

Peloton Interactive Stock Down 5.4 %

PTON stock opened at $8.56 on Friday. Peloton Interactive, Inc. has a 52-week low of $2.70 and a 52-week high of $10.90. The firm has a market cap of $3.34 billion, a P/E ratio of -11.12 and a beta of 1.95. The company's 50-day simple moving average is $8.85 and its 200-day simple moving average is $7.04.

Peloton Interactive (NASDAQ:PTON - Get Free Report) last released its quarterly earnings results on Thursday, February 6th. The company reported ($0.24) earnings per share for the quarter, missing analysts' consensus estimates of ($0.20) by ($0.04). On average, analysts anticipate that Peloton Interactive, Inc. will post -0.36 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on PTON. Citigroup reduced their price target on Peloton Interactive from $11.00 to $10.00 and set a "neutral" rating on the stock in a research report on Monday, February 10th. JMP Securities reaffirmed a "market perform" rating on shares of Peloton Interactive in a research report on Friday, February 7th. Macquarie reissued a "neutral" rating and issued a $9.00 price target on shares of Peloton Interactive in a report on Monday, February 10th. Needham & Company LLC restated a "hold" rating on shares of Peloton Interactive in a report on Thursday, February 6th. Finally, Telsey Advisory Group reiterated a "market perform" rating and issued a $11.00 target price on shares of Peloton Interactive in a research note on Monday, February 3rd. Sixteen investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company's stock. According to MarketBeat, Peloton Interactive has a consensus rating of "Hold" and a consensus target price of $8.38.

Insider Activity at Peloton Interactive

In related news, insider Andrew S. Rendich sold 121,883 shares of the stock in a transaction that occurred on Tuesday, February 18th. The stock was sold at an average price of $9.54, for a total value of $1,162,763.82. Following the completion of the transaction, the insider now directly owns 404,188 shares in the company, valued at approximately $3,855,953.52. This represents a 23.17 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Karen Boone sold 16,925 shares of the company'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 directly owns 228,217 shares in the company, valued at approximately $2,200,011.88. This trade represents a 6.90 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 397,005 shares of company stock valued at $3,771,433. 1.34% of the stock is owned by corporate insiders.

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.

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