Peloton Interactive, Inc. (NASDAQ:PTON) Shares Bought by PDT Partners LLC

PDT Partners LLC lifted its holdings in shares of Peloton Interactive, Inc. (NASDAQ:PTON) by 0.7% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 205,573 shares of the company’s stock after purchasing an additional 1,373 shares during the quarter. PDT Partners LLC owned about 0.05% of Peloton Interactive worth $962,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in the business. CWM LLC grew its holdings in Peloton Interactive by 1,217.3% in the 2nd quarter. CWM LLC now owns 32,354 shares of the company’s stock valued at $109,000 after buying an additional 29,898 shares during the period. LifePro Asset Management purchased a new stake in Peloton Interactive in the second quarter valued at approximately $3,452,000. SG Americas Securities LLC increased its position in Peloton Interactive by 110.6% during the second quarter. SG Americas Securities LLC now owns 145,441 shares of the company’s stock worth $492,000 after purchasing an additional 76,382 shares during the last quarter. Sequoia Financial Advisors LLC purchased a new position in Peloton Interactive during the second quarter worth approximately $68,000. Finally, Abundance Wealth Counselors boosted its holdings in shares of Peloton Interactive by 24.7% in the 2nd quarter. Abundance Wealth Counselors now owns 13,380 shares of the company’s stock valued at $45,000 after purchasing an additional 2,654 shares during the last quarter. Hedge funds and other institutional investors own 77.01% of the company’s stock.

Analyst Ratings Changes

Several brokerages recently weighed in on PTON. Morgan Stanley increased their target price on Peloton Interactive from $3.50 to $5.00 and gave the stock an “equal weight” rating in a research report on Friday, November 1st. Sanford C. Bernstein raised their price objective on Peloton Interactive from $4.25 to $6.50 and gave the stock a “market perform” rating in a report on Friday, November 1st. JPMorgan Chase & Co. boosted their target price on Peloton Interactive from $5.00 to $7.00 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 report on Thursday, October 3rd. Finally, Telsey Advisory Group boosted their price objective on shares of Peloton Interactive from $5.00 to $9.00 and gave the stock a “market perform” rating in a research note on Friday, November 1st. Fifteen research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat, Peloton Interactive currently has an average rating of “Hold” and an average price target of $6.75.

Insider Buying and Selling at Peloton Interactive

In other news, CEO Karen Boone sold 13,484 shares of the business’s stock in a transaction that occurred on Friday, November 1st. The stock was sold at an average price of $8.27, for a total value of $111,512.68. Following the completion of the sale, the chief executive officer now directly owns 211,459 shares in the company, valued at approximately $1,748,765.93. The trade was a 5.99 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Andrew S. Rendich sold 138,391 shares of the firm’s stock in a transaction on Monday, November 18th. The stock was sold at an average price of $7.51, for a total value of $1,039,316.41. Following the transaction, the insider now owns 287,973 shares in the company, valued at $2,162,677.23. This trade represents a 32.46 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 506,517 shares of company stock worth $3,524,339 in the last ninety days. 1.34% of the stock is owned by insiders.

Peloton Interactive Stock Performance

Shares of NASDAQ PTON opened at $10.34 on Monday. Peloton Interactive, Inc. has a 1 year low of $2.70 and a 1 year high of $10.39. The stock’s 50-day simple moving average is $6.72 and its 200-day simple moving average is $4.79. The firm has a market cap of $3.94 billion, a price-to-earnings ratio of -9.66 and a beta of 1.93.

Peloton Interactive (NASDAQ:PTON) last posted 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 business had revenue of $586.00 million during the quarter, compared to the consensus estimate of $572.97 million. The firm’s revenue was down 1.6% compared to the same quarter last year. During the same quarter in the previous year, the company earned ($0.44) EPS. As a group, research analysts predict that Peloton Interactive, Inc. will post -0.38 EPS for the current year.

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.