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

Versor Investments LP acquired a new stake in shares of Peloton Interactive, Inc. (NASDAQ:PTON) in the third quarter, HoldingsChannel.com reports. The firm acquired 88,700 shares of the company’s stock, valued at approximately $415,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Russell Investments Group Ltd. lifted its holdings in shares of Peloton Interactive by 25,397.7% during the first quarter. Russell Investments Group Ltd. now owns 393,685 shares of the company’s stock valued at $1,687,000 after acquiring an additional 392,141 shares during the period. Select Equity Group L.P. bought a new position in shares of Peloton Interactive in the second quarter valued at about $1,832,000. The Manufacturers Life Insurance Company raised its holdings in shares of Peloton Interactive by 253.7% in the second quarter. The Manufacturers Life Insurance Company now owns 181,589 shares of the company’s stock valued at $614,000 after buying an additional 130,242 shares during the last quarter. Vanguard Group Inc. raised its holdings in shares of Peloton Interactive by 4.0% in the first quarter. Vanguard Group Inc. now owns 31,554,832 shares of the company’s stock valued at $135,212,000 after buying an additional 1,215,397 shares during the last quarter. Finally, Swiss National Bank raised its holdings in shares of Peloton Interactive by 1.2% in the first quarter. Swiss National Bank now owns 642,200 shares of the company’s stock valued at $2,752,000 after buying an additional 7,600 shares during the last quarter. 77.01% of the stock is owned by institutional investors.

Insider Activity at Peloton Interactive

In other Peloton Interactive news, CEO Chris Bruzzo sold 24,977 shares of the company’s stock in a transaction that occurred on Friday, October 18th. The stock was sold at an average price of $5.80, for a total transaction of $144,866.60. Following the completion of the transaction, the chief executive officer now owns 149,240 shares of the company’s stock, valued at $865,592. This represents a 14.34 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CAO Saqib Baig sold 50,000 shares of the company’s stock in a transaction that occurred on Friday, August 23rd. The stock was sold at an average price of $4.88, for a total value of $244,000.00. Following the transaction, the chief accounting officer now directly owns 87,014 shares of the company’s stock, valued at approximately $424,628.32. This trade represents a 36.49 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 194,888 shares of company stock worth $1,038,717. 1.34% of the stock is owned by company insiders.

Peloton Interactive Trading Down 3.7 %

Peloton Interactive stock opened at $8.00 on Friday. The firm has a market capitalization of $3.05 billion, a P/E ratio of -7.48 and a beta of 1.93. Peloton Interactive, Inc. has a 1 year low of $2.70 and a 1 year high of $8.97. The business has a 50-day moving average of $5.67 and a 200-day moving average of $4.35.

Peloton Interactive (NASDAQ:PTON) last issued its quarterly earnings data 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 company had revenue of $586.00 million during the quarter, compared to analyst estimates of $572.97 million. During the same period in the previous year, the company earned ($0.44) EPS. The business’s revenue for the quarter was down 1.6% compared to the same quarter last year. Research analysts anticipate that Peloton Interactive, Inc. will post -0.38 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on PTON shares. TD Cowen lifted their price target on Peloton Interactive from $3.00 to $4.00 and gave the company a “hold” rating in a report on Friday, August 23rd. Bank of America raised Peloton Interactive from an “underperform” rating to a “buy” rating and lifted their price target for the company from $3.75 to $9.00 in a report on Monday, November 4th. JPMorgan Chase & Co. lifted their price target on Peloton Interactive from $5.00 to $7.00 and gave the company a “neutral” rating in a report on Friday, November 1st. Canaccord Genuity Group boosted their price objective on Peloton Interactive from $4.00 to $5.00 and gave the stock a “hold” rating in a report on Friday, August 23rd. Finally, BMO Capital Markets boosted their price objective on Peloton Interactive from $6.50 to $8.50 and gave the stock a “market perform” rating in a report on Monday, November 4th. Fifteen research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $6.75.

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.