Entropy Technologies LP Invests $652,000 in Peloton Interactive, Inc. (NASDAQ:PTON)

Entropy Technologies LP bought a new stake in shares of Peloton Interactive, Inc. (NASDAQ:PTON) in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 74,900 shares of the company’s stock, valued at approximately $652,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Connor Clark & Lunn Investment Management Ltd. purchased a new position in Peloton Interactive during the 3rd quarter valued at $5,724,000. Gtcr LLC bought a new stake in Peloton Interactive during the 3rd quarter valued at approximately $65,520,000. Two Sigma Advisers LP boosted its position in Peloton Interactive by 2.9% during the 3rd 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 in the last quarter. Versor Investments LP bought a new position in shares of Peloton Interactive in the 3rd quarter worth approximately $415,000. Finally, Franklin Resources Inc. purchased a new position in shares of Peloton Interactive in the 3rd quarter valued at approximately $505,000. Hedge funds and other institutional investors own 77.01% of the company’s stock.

Insider Buying and Selling at Peloton Interactive

In other Peloton Interactive news, CEO Karen Boone sold 16,925 shares of the business’s stock in a transaction dated Thursday, December 5th. The stock was sold at an average price of $9.64, for a total transaction of $163,157.00. Following the completion of the sale, the chief executive officer now owns 228,217 shares of the company’s stock, valued at approximately $2,200,011.88. The trade was a 6.90 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Andrew S. Rendich sold 138,391 shares of the company’s stock in a transaction dated 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 completion of the sale, the insider now owns 287,973 shares of the company’s stock, valued at approximately $2,162,677.23. The trade was a 32.46 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 395,813 shares of company stock valued at $3,041,724. Insiders own 1.34% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on PTON shares. UBS Group raised Peloton Interactive from a “sell” rating to a “neutral” rating and upped their price target for the stock from $2.50 to $10.00 in a research note on Friday, December 6th. Needham & Company LLC reaffirmed a “hold” rating on shares of Peloton Interactive in a research report on Thursday, February 6th. JPMorgan Chase & Co. lifted their price target on shares of Peloton Interactive from $5.00 to $7.00 and gave the company a “neutral” rating in a research report on Friday, November 1st. BMO Capital Markets upped their price objective on shares of Peloton Interactive from $6.50 to $8.50 and gave the stock a “market perform” rating in a report on Monday, November 4th. Finally, Argus upgraded shares of Peloton Interactive from a “hold” rating to a “buy” rating and set a $15.00 target price for the company in a report on Tuesday. Sixteen research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $8.38.

Peloton Interactive Stock Performance

PTON opened at $8.74 on Wednesday. The company’s 50-day simple moving average is $8.90 and its two-hundred day simple moving average is $6.71. The stock has a market capitalization of $3.33 billion, a P/E ratio of -11.35 and a beta of 1.95. Peloton Interactive, Inc. has a 52-week low of $2.70 and a 52-week high of $10.90.

Peloton Interactive (NASDAQ:PTON) last issued its quarterly earnings data 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). Research analysts forecast that Peloton Interactive, Inc. will post -0.39 EPS for the current fiscal year.

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.