Zurcher Kantonalbank Zurich Cantonalbank Boosts Stock Holdings in Peloton Interactive, Inc. (NASDAQ:PTON)

Zurcher Kantonalbank Zurich Cantonalbank increased its position in shares of Peloton Interactive, Inc. (NASDAQ:PTON) by 18.7% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 60,585 shares of the company’s stock after buying an additional 9,535 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Peloton Interactive were worth $369,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Raymond James Financial Services Advisors Inc. increased its holdings in shares of Peloton Interactive by 6.4% in the 4th quarter. Raymond James Financial Services Advisors Inc. now owns 31,983 shares of the company’s stock valued at $195,000 after purchasing an additional 1,921 shares in the last quarter. Principal Financial Group Inc. increased its holdings in Peloton Interactive by 3.5% in the third quarter. Principal Financial Group Inc. now owns 91,109 shares of the company’s stock valued at $460,000 after buying an additional 3,071 shares in the last quarter. Arizona State Retirement System lifted its position in shares of Peloton Interactive by 4.2% during the 3rd quarter. Arizona State Retirement System now owns 90,921 shares of the company’s stock valued at $459,000 after acquiring an additional 3,632 shares during the period. M&T Bank Corp boosted its stake in shares of Peloton Interactive by 25.4% during the 3rd quarter. M&T Bank Corp now owns 18,002 shares of the company’s stock worth $91,000 after acquiring an additional 3,643 shares in the last quarter. Finally, Treasurer of the State of North Carolina grew its holdings in shares of Peloton Interactive by 3.3% in the 3rd quarter. Treasurer of the State of North Carolina now owns 139,104 shares of the company’s stock worth $702,000 after acquiring an additional 4,410 shares during the period. Hedge funds and other institutional investors own 77.01% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have commented on the company. Roth Mkm decreased their target price on Peloton Interactive from $7.00 to $5.00 and set a “buy” rating on the stock in a research report on Friday. Robert W. Baird lowered their price objective on shares of Peloton Interactive from $5.00 to $3.50 and set a “neutral” rating on the stock in a research note on Friday. BMO Capital Markets cut their target price on shares of Peloton Interactive from $7.50 to $6.50 and set a “market perform” rating for the company in a research report on Friday. JPMorgan Chase & Co. lowered their price target on shares of Peloton Interactive from $8.00 to $7.00 and set an “overweight” rating on the stock in a research report on Friday. Finally, Needham & Company LLC restated a “hold” rating on shares of Peloton Interactive in a research report on Friday. Three analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, Peloton Interactive currently has an average rating of “Hold” and an average target price of $6.15.

Insider Transactions at Peloton Interactive

In related news, CFO Elizabeth F. Coddington sold 8,977 shares of the firm’s stock in a transaction that occurred on Thursday, March 14th. The shares were sold at an average price of $4.34, for a total value of $38,960.18. Following the transaction, the chief financial officer now owns 104,428 shares in the company, valued at $453,217.52. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Company insiders own 3.28% of the company’s stock.

Peloton Interactive Stock Up 9.4 %

Shares of PTON opened at $3.43 on Friday. The firm has a market cap of $1.26 billion, a PE ratio of -1.62 and a beta of 2.01. The company’s fifty day moving average is $3.93 and its two-hundred day moving average is $4.87. Peloton Interactive, Inc. has a fifty-two week low of $2.70 and a fifty-two week high of $9.87.

Peloton Interactive (NASDAQ:PTON) last issued its earnings results on Thursday, May 2nd. The company reported ($0.45) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.39) by ($0.06). The company had revenue of $717.70 million during the quarter, compared to analysts’ expectations of $720.85 million. The company’s revenue was down 4.2% compared to the same quarter last year. During the same quarter in the prior year, the firm earned ($0.79) EPS. As a group, equities research analysts anticipate that Peloton Interactive, Inc. will post -1.61 earnings per share for the current 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.