Zacks Investment Management Purchases New Position in Peloton Interactive, Inc. (NASDAQ:PTON)

Zacks Investment Management purchased a new stake in Peloton Interactive, Inc. (NASDAQ:PTON - Free Report) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 83,123 shares of the company's stock, valued at approximately $723,000.

Several other large investors have also bought and sold shares of the business. Townsquare Capital LLC grew its position in Peloton Interactive by 6.5% in the fourth quarter. Townsquare Capital LLC now owns 19,280 shares of the company's stock worth $168,000 after acquiring an additional 1,172 shares in the last quarter. Victory Capital Management Inc. increased its holdings in shares of Peloton Interactive by 3.8% in the fourth quarter. Victory Capital Management Inc. now owns 42,084 shares of the company's stock worth $366,000 after purchasing an additional 1,534 shares during the last quarter. Choreo LLC grew its position in Peloton Interactive by 12.3% in the fourth quarter. Choreo LLC now owns 16,832 shares of the company's stock worth $150,000 after acquiring an additional 1,838 shares in the last quarter. Counterpoint Mutual Funds LLC grew its stake in Peloton Interactive by 2.5% in the 4th quarter. Counterpoint Mutual Funds LLC now owns 79,459 shares of the company's stock worth $691,000 after acquiring an additional 1,951 shares in the last quarter. Finally, Jones Financial Companies Lllp raised its position in shares of Peloton Interactive by 33.9% in the 4th quarter. Jones Financial Companies Lllp now owns 9,496 shares of the company's stock worth $83,000 after acquiring an additional 2,403 shares in the last quarter. 77.01% of the stock is owned by institutional investors and hedge funds.

Peloton Interactive Price Performance

Shares of NASDAQ:PTON traded up $0.03 during midday trading on Friday, reaching $6.31. 6,533,786 shares of the company's stock were exchanged, compared to its average volume of 16,035,668. The stock has a market cap of $2.46 billion, a price-to-earnings ratio of -8.19 and a beta of 2.21. The firm's 50 day simple moving average is $6.54 and its two-hundred day simple moving average is $7.68. Peloton Interactive, Inc. has a fifty-two week low of $2.70 and a fifty-two week high of $10.90.

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

Insider Activity

In other Peloton Interactive news, insider Nick V. Caldwell sold 68,727 shares of the firm's stock in a transaction on Monday, March 17th. The stock was sold at an average price of $6.59, for a total value of $452,910.93. Following the sale, the insider now owns 474,234 shares of the company's stock, valued at approximately $3,125,202.06. This trade represents a 12.66 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CAO Saqib Baig sold 22,662 shares of the company's stock in a transaction on Wednesday, February 19th. The shares were sold at an average price of $9.75, for a total transaction of $220,954.50. Following the completion of the sale, the chief accounting officer now directly owns 130,031 shares in the company, valued at approximately $1,267,802.25. This represents a 14.84 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 674,338 shares of company stock valued at $5,522,838. Insiders own 1.34% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on the stock. Argus raised shares of Peloton Interactive from a "hold" rating to a "buy" rating and set a $15.00 price target for the company in a report on Tuesday, February 11th. Morgan Stanley cut their price target on Peloton Interactive from $5.75 to $4.00 and set an "equal weight" rating for the company in a research note on Thursday, April 17th. Canaccord Genuity Group raised Peloton Interactive from a "hold" rating to a "buy" rating and set a $10.00 target price on the stock in a research note on Friday, March 14th. The Goldman Sachs Group boosted their price objective on Peloton Interactive from $8.00 to $10.00 and gave the stock a "neutral" rating in a research note on Monday, February 10th. Finally, Deutsche Bank Aktiengesellschaft raised shares of Peloton Interactive from a "hold" rating to a "buy" rating and set a $6.60 target price on the stock in a report on Monday, April 14th. Fifteen research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat, Peloton Interactive currently has a consensus rating of "Hold" and an average price target of $8.54.

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.