Great Lakes Advisors LLC Purchases Shares of 471,111 Peloton Interactive, Inc. (NASDAQ:PTON)

Great Lakes Advisors LLC purchased a new stake in shares of Peloton Interactive, Inc. (NASDAQ:PTON) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 471,111 shares of the company’s stock, valued at approximately $4,099,000. Great Lakes Advisors LLC owned about 0.12% of Peloton Interactive at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Connor Clark & Lunn Investment Management Ltd. bought a new position in Peloton Interactive during the 3rd quarter valued at approximately $5,724,000. Gtcr LLC purchased a new position in shares of Peloton Interactive during the 3rd quarter worth approximately $65,520,000. Two Sigma Advisers LP grew its holdings in shares of Peloton Interactive by 2.9% during the 3rd quarter. Two Sigma Advisers LP now owns 7,440,900 shares of the company’s stock worth $34,823,000 after acquiring an additional 206,500 shares during the period. Y Intercept Hong Kong Ltd purchased a new position in shares of Peloton Interactive during the 4th quarter worth approximately $360,000. Finally, Versor Investments LP purchased a new position in shares of Peloton Interactive during the 3rd quarter worth approximately $415,000. Institutional investors own 77.01% of the company’s stock.

Insider Activity

In other news, Director Karen Boone sold 17,259 shares of the stock in a transaction on Thursday, January 2nd. The stock was sold at an average price of $8.63, for a total transaction of $148,945.17. Following the transaction, the director now directly owns 244,641 shares of the company’s stock, valued at $2,111,251.83. This represents a 6.59 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Jennifer Cunningham Cotter sold 187,238 shares of the stock in a transaction on Thursday, March 6th. The shares were sold at an average price of $6.45, for a total value of $1,207,685.10. Following the transaction, the insider now directly owns 100,269 shares in the company, valued at $646,735.05. The trade was a 65.12 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 584,719 shares of company stock valued at $4,958,301 in the last ninety days. 1.34% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of research firms have weighed in on PTON. Citigroup reduced their target price on Peloton Interactive from $11.00 to $10.00 and set a “neutral” rating on the stock in a report on Monday, February 10th. Macquarie reiterated a “neutral” rating and set a $9.00 target price on shares of Peloton Interactive in a report on Monday, February 10th. Telsey Advisory Group reiterated a “market perform” rating and set a $11.00 target price on shares of Peloton Interactive in a report on Monday, February 3rd. JMP Securities reiterated a “market perform” rating on shares of Peloton Interactive in a report on Friday, February 7th. Finally, The Goldman Sachs Group upped their price target on Peloton Interactive from $8.00 to $10.00 and gave the stock a “neutral” rating in a research note on Monday, February 10th. Fifteen equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $8.69.

Peloton Interactive Trading Up 16.1 %

Shares of PTON opened at $7.05 on Friday. The business’s fifty day simple moving average is $8.12 and its two-hundred day simple moving average is $7.41. Peloton Interactive, Inc. has a 12 month low of $2.70 and a 12 month high of $10.90. The company has a market cap of $2.75 billion, a price-to-earnings ratio of -9.16 and a beta of 1.95.

Peloton Interactive (NASDAQ:PTON) last issued its 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). As a group, research analysts forecast that Peloton Interactive, Inc. will post -0.36 EPS for the current year.

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.