Peloton Interactive, Inc. (NASDAQ:PTON) Position Increased by Teachers Retirement System of The State of Kentucky

Teachers Retirement System of The State of Kentucky increased its position in shares of Peloton Interactive, Inc. (NASDAQ:PTONGet Rating) by 30.0% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 132,257 shares of the company’s stock after acquiring an additional 30,500 shares during the period. Teachers Retirement System of The State of Kentucky’s holdings in Peloton Interactive were worth $3,494,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also modified their holdings of the company. Credit Agricole S A purchased a new stake in shares of Peloton Interactive during the fourth quarter worth $27,000. Webster Bank N. A. purchased a new stake in shares of Peloton Interactive during the first quarter worth $26,000. McClarren Financial Advisors Inc. raised its holdings in shares of Peloton Interactive by 774.6% during the first quarter. McClarren Financial Advisors Inc. now owns 1,032 shares of the company’s stock worth $27,000 after acquiring an additional 914 shares in the last quarter. Gleason Group Inc. raised its holdings in shares of Peloton Interactive by 740.7% during the first quarter. Gleason Group Inc. now owns 1,135 shares of the company’s stock worth $30,000 after acquiring an additional 1,000 shares in the last quarter. Finally, AdvisorNet Financial Inc raised its holdings in shares of Peloton Interactive by 170.7% during the first quarter. AdvisorNet Financial Inc now owns 1,218 shares of the company’s stock worth $32,000 after acquiring an additional 768 shares in the last quarter. 79.40% of the stock is currently owned by hedge funds and other institutional investors.

Peloton Interactive Stock Down 8.8 %

Shares of PTON opened at $9.74 on Monday. The stock has a market cap of $3.23 billion, a price-to-earnings ratio of -1.13 and a beta of 1.35. The company has a quick ratio of 1.38, a current ratio of 2.38 and a debt-to-equity ratio of 2.62. Peloton Interactive, Inc. has a 12 month low of $8.22 and a 12 month high of $105.23. The company has a 50-day moving average price of $10.50 and a two-hundred day moving average price of $15.28.

Peloton Interactive (NASDAQ:PTONGet Rating) last announced its quarterly earnings results on Thursday, August 25th. The company reported ($2.68) EPS for the quarter, missing analysts’ consensus estimates of ($0.70) by ($1.98). Peloton Interactive had a negative return on equity of 102.05% and a negative net margin of 78.64%. The business had revenue of $678.40 million for the quarter, compared to the consensus estimate of $682.93 million. During the same quarter in the prior year, the business earned ($1.05) EPS. The firm’s revenue for the quarter was down 27.6% on a year-over-year basis. Equities analysts predict that Peloton Interactive, Inc. will post -2.11 EPS for the current fiscal year.

Wall Street Analyst Weigh In

PTON has been the subject of several recent research reports. BMO Capital Markets cut their price objective on Peloton Interactive from $12.00 to $9.75 and set an “underperform” rating for the company in a report on Friday, August 26th. Needham & Company LLC lowered their target price on shares of Peloton Interactive from $25.00 to $14.00 and set a “buy” rating on the stock in a research report on Friday, August 26th. Cowen lowered their target price on shares of Peloton Interactive from $35.00 to $20.00 and set an “outperform” rating on the stock in a research report on Friday, August 26th. Stifel Nicolaus lowered their target price on shares of Peloton Interactive from $13.00 to $12.00 and set a “hold” rating on the stock in a research report on Friday, August 26th. Finally, UBS Group lowered their target price on shares of Peloton Interactive from $13.00 to $8.00 and set a “sell” rating on the stock in a research report on Friday, September 2nd. Two analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and eighteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Peloton Interactive currently has a consensus rating of “Hold” and a consensus price target of $36.73.

Insider Activity

In other news, insider Kevin Cornils sold 7,037 shares of Peloton Interactive stock in a transaction that occurred on Tuesday, August 16th. The shares were sold at an average price of $14.10, for a total value of $99,221.70. Following the completion of the transaction, the insider now owns 13,891 shares in the company, valued at $195,863.10. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, CAO Allen J. Klingsick sold 2,775 shares of Peloton Interactive stock in a transaction that occurred on Tuesday, August 16th. The shares were sold at an average price of $13.88, for a total value of $38,517.00. Following the completion of the transaction, the chief accounting officer now owns 27,127 shares in the company, valued at $376,522.76. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Kevin Cornils sold 7,037 shares of the firm’s stock in a transaction that occurred on Tuesday, August 16th. The shares were sold at an average price of $14.10, for a total transaction of $99,221.70. Following the completion of the sale, the insider now directly owns 13,891 shares of the company’s stock, valued at approximately $195,863.10. The disclosure for this sale can be found here. 13.18% of the stock is currently owned by corporate insiders.

Peloton Interactive Company Profile

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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, and Peloton Tread+ names. It also provides connected fitness subscriptions for various household users, and access to various live and on-demand classes, as well as Peloton Digital app for connected fitness subscribers to provide access to its classes.

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Institutional Ownership by Quarter for Peloton Interactive (NASDAQ:PTON)

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