Private Advisor Group LLC Acquires 3,855 Shares of Peloton Interactive, Inc. (NASDAQ:PTON)

Private Advisor Group LLC raised its holdings in Peloton Interactive, Inc. (NASDAQ:PTON) by 11.5% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 37,373 shares of the company’s stock after buying an additional 3,855 shares during the quarter. Private Advisor Group LLC’s holdings in Peloton Interactive were worth $228,000 at the end of the most recent quarter.

Several other institutional investors also recently added to or reduced their stakes in PTON. Vanguard Group Inc. grew its stake in shares of Peloton Interactive by 0.8% in the third quarter. Vanguard Group Inc. now owns 29,603,777 shares of the company’s stock worth $149,499,000 after acquiring an additional 248,314 shares during the last quarter. DNB Asset Management AS increased its holdings in shares of Peloton Interactive by 31.7% during the 4th quarter. DNB Asset Management AS now owns 8,386,903 shares of the company’s stock worth $51,076,000 after purchasing an additional 2,020,159 shares during the period. Charles Schwab Investment Management Inc. raised its position in shares of Peloton Interactive by 11.7% during the third quarter. Charles Schwab Investment Management Inc. now owns 2,232,786 shares of the company’s stock valued at $11,276,000 after buying an additional 234,729 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. lifted its stake in shares of Peloton Interactive by 54.5% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 1,259,844 shares of the company’s stock valued at $6,362,000 after buying an additional 444,566 shares during the period. Finally, AQR Capital Management LLC grew its position in Peloton Interactive by 612.1% during the third quarter. AQR Capital Management LLC now owns 1,235,350 shares of the company’s stock worth $6,239,000 after buying an additional 1,061,868 shares in the last quarter. 77.01% of the stock is owned by institutional investors.

Peloton Interactive Stock Performance

Shares of NASDAQ:PTON opened at $3.15 on Friday. The business has a fifty day moving average of $3.72 and a 200-day moving average of $4.77. The firm has a market cap of $1.17 billion, a PE ratio of -1.49 and a beta of 2.01. Peloton Interactive, Inc. has a twelve month low of $2.70 and a twelve month high of $9.87.

Peloton Interactive (NASDAQ:PTON) last announced 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 business had revenue of $717.70 million for the quarter, compared to the consensus estimate of $720.85 million. During the same period in the previous year, the company posted ($0.79) earnings per share. The company’s revenue was down 4.2% on a year-over-year basis. On average, analysts anticipate that Peloton Interactive, Inc. will post -1.62 EPS for the current fiscal year.

Analysts Set New Price Targets

Several research firms have commented on PTON. Bank of America cut their price target on Peloton Interactive from $4.00 to $3.25 and set an “underperform” rating for the company in a report on Monday, April 29th. Morgan Stanley started coverage on shares of Peloton Interactive in a research note on Monday, March 11th. They set an “equal weight” rating and a $3.00 price target on the stock. Macquarie dropped their price objective on shares of Peloton Interactive from $4.50 to $2.53 and set a “neutral” rating for the company in a research note on Friday, May 3rd. Telsey Advisory Group reiterated a “market perform” rating and set a $4.00 target price (down from $5.00) on shares of Peloton Interactive in a research report on Monday, April 29th. Finally, Citigroup lowered shares of Peloton Interactive from a “buy” rating to a “neutral” rating and dropped their price target for the stock from $8.00 to $4.00 in a research report on Monday, May 6th. Three investment analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Peloton Interactive has a consensus rating of “Hold” and an average target price of $5.14.

Insiders Place Their Bets

In other news, insider Andrew S. Rendich sold 27,741 shares of Peloton Interactive stock in a transaction on Monday, May 20th. The stock was sold at an average price of $3.91, for a total value of $108,467.31. Following the completion of the sale, the insider now directly owns 113,288 shares of the company’s stock, valued at approximately $442,956.08. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In related news, CFO Elizabeth F. Coddington sold 8,977 shares of the 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 directly owns 104,428 shares in the company, valued at $453,217.52. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Andrew S. Rendich sold 27,741 shares of Peloton Interactive stock in a transaction on Monday, May 20th. The stock was sold at an average price of $3.91, for a total transaction of $108,467.31. Following the sale, the insider now directly owns 113,288 shares of the company’s stock, valued at approximately $442,956.08. The disclosure for this sale can be found here. Company insiders own 3.28% of the company’s stock.

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.