Spire Wealth Management Buys 21,400 Shares of Peloton Interactive, Inc. (NASDAQ:PTON)

Spire Wealth Management increased its position in shares of Peloton Interactive, Inc. (NASDAQ:PTONFree Report) by 16,589.1% during the third quarter, HoldingsChannel reports. The fund owned 21,529 shares of the company’s stock after buying an additional 21,400 shares during the quarter. Spire Wealth Management’s holdings in Peloton Interactive were worth $109,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Price T Rowe Associates Inc. MD raised its stake in Peloton Interactive by 25.0% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 48,455,871 shares of the company’s stock worth $384,740,000 after buying an additional 9,691,287 shares during the period. Vanguard Group Inc. raised its stake in Peloton Interactive by 3.4% during the 1st quarter. Vanguard Group Inc. now owns 25,768,977 shares of the company’s stock worth $680,816,000 after buying an additional 851,812 shares during the period. Dragoneer Investment Group LLC raised its stake in Peloton Interactive by 51.0% during the 2nd quarter. Dragoneer Investment Group LLC now owns 14,344,188 shares of the company’s stock worth $110,307,000 after buying an additional 4,847,696 shares during the period. Capital World Investors raised its stake in Peloton Interactive by 16.2% during the 1st quarter. Capital World Investors now owns 10,124,402 shares of the company’s stock worth $267,487,000 after buying an additional 1,411,171 shares during the period. Finally, Bank of New York Mellon Corp raised its stake in Peloton Interactive by 14.9% during the 2nd quarter. Bank of New York Mellon Corp now owns 9,402,428 shares of the company’s stock worth $72,305,000 after buying an additional 1,220,310 shares during the period. Institutional investors own 79.96% of the company’s stock.

Insider Transactions at Peloton Interactive

In other news, Director Karen Boone sold 50,000 shares of the firm’s stock in a transaction on Thursday, February 1st. The stock was sold at an average price of $4.33, for a total value of $216,500.00. Following the completion of the transaction, the director now directly owns 34,966 shares of the company’s stock, valued at $151,402.78. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 3.28% of the company’s stock.

Peloton Interactive Price Performance

Shares of NASDAQ PTON opened at $4.55 on Monday. The stock has a fifty day simple moving average of $5.75 and a two-hundred day simple moving average of $5.79. Peloton Interactive, Inc. has a 1-year low of $3.96 and a 1-year high of $14.89.

Peloton Interactive (NASDAQ:PTONGet Free Report) last announced its quarterly earnings data on Thursday, February 1st. The company reported ($0.54) earnings per share for the quarter, beating the consensus estimate of ($0.55) by $0.01. The firm had revenue of $743.60 million for the quarter, compared to the consensus estimate of $733.17 million. During the same period last year, the company posted ($0.98) earnings per share. Peloton Interactive’s revenue for the quarter was down 6.2% on a year-over-year basis. Equities research analysts expect that Peloton Interactive, Inc. will post -1.58 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on PTON. Canaccord Genuity Group reaffirmed a “hold” rating on shares of Peloton Interactive in a research note on Thursday, November 2nd. Deutsche Bank Aktiengesellschaft downgraded Peloton Interactive from a “buy” rating to a “hold” rating and lowered their price objective for the stock from $13.00 to $4.00 in a research note on Tuesday, November 7th. Telsey Advisory Group lowered their price objective on Peloton Interactive from $6.00 to $5.00 and set a “market perform” rating for the company in a research note on Friday, February 2nd. Roth Mkm lowered their price objective on Peloton Interactive from $9.00 to $8.00 and set a “buy” rating for the company in a research note on Friday, November 3rd. Finally, Bank of America downgraded Peloton Interactive from a “neutral” rating to an “underperform” rating and lowered their price objective for the stock from $6.50 to $4.15 in a research note on Thursday, October 19th. Three analysts have rated the stock with a sell rating, twelve have issued a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat, Peloton Interactive currently has an average rating of “Hold” and an average price target of $7.73.

Check Out Our Latest Report on Peloton Interactive

About Peloton Interactive

(Free Report)

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.

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

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