Cerity Partners LLC Acquires 16,311 Shares of Peloton Interactive, Inc. (NASDAQ:PTON)

Cerity Partners LLC increased its holdings in Peloton Interactive, Inc. (NASDAQ:PTON) by 29.0% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 72,537 shares of the company’s stock after buying an additional 16,311 shares during the period. Cerity Partners LLC’s holdings in Peloton Interactive were worth $608,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently bought and sold shares of the stock. Y Intercept Hong Kong Ltd bought a new position in shares of Peloton Interactive in the 4th quarter worth $360,000. Rhumbline Advisers grew its stake in Peloton Interactive by 7.8% in the fourth quarter. Rhumbline Advisers now owns 479,134 shares of the company’s stock valued at $4,168,000 after purchasing an additional 34,514 shares during the last quarter. Charles Schwab Investment Management Inc. raised its holdings in Peloton Interactive by 3.5% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 4,136,182 shares of the company’s stock worth $35,985,000 after purchasing an additional 139,826 shares in the last quarter. Franklin Resources Inc. purchased a new stake in shares of Peloton Interactive during the third quarter valued at about $505,000. Finally, Raymond James Financial Inc. bought a new stake in shares of Peloton Interactive in the 4th quarter valued at about $1,158,000. Hedge funds and other institutional investors own 77.01% of the company’s stock.

Peloton Interactive Price Performance

PTON stock opened at $5.39 on Monday. The firm’s fifty day simple moving average is $6.85 and its 200-day simple moving average is $7.69. Peloton Interactive, Inc. has a 12 month low of $2.70 and a 12 month high of $10.90. The company has a market capitalization of $2.10 billion, a P/E ratio of -7.00 and a beta of 2.21.

Peloton Interactive (NASDAQ:PTON) last announced its quarterly earnings results on Thursday, February 6th. The company reported ($0.24) earnings per share for the quarter, missing the consensus estimate of ($0.20) by ($0.04). As a group, sell-side analysts forecast that Peloton Interactive, Inc. will post -0.36 earnings per share for the current year.

Insider Buying and Selling

In other Peloton Interactive news, insider Nick V. Caldwell sold 68,727 shares of the company’s stock in a transaction that occurred on Monday, March 17th. The stock was sold at an average price of $6.59, for a total value of $452,910.93. Following the sale, the insider now owns 474,234 shares in the company, valued at approximately $3,125,202.06. This represents a 12.66 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider Jennifer Cunningham Cotter sold 187,238 shares of Peloton Interactive stock in a transaction that occurred on Thursday, March 6th. The shares were sold at an average price of $6.45, for a total transaction of $1,207,685.10. Following the transaction, the insider now directly owns 100,269 shares of the company’s stock, valued at approximately $646,735.05. This trade represents a 65.12 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 674,338 shares of company stock valued at $5,522,838 over the last ninety days. Company insiders own 1.34% of the company’s stock.

Analyst Ratings Changes

Several research analysts recently commented on PTON shares. Needham & Company LLC reiterated a “hold” rating on shares of Peloton Interactive in a research note on Thursday, February 6th. Telsey Advisory Group reaffirmed a “market perform” rating and set a $11.00 price target on shares of Peloton Interactive in a research report on Monday, February 3rd. JMP Securities reissued a “market perform” rating on shares of Peloton Interactive in a research report on Monday, April 14th. Morgan Stanley reduced their target price on Peloton Interactive from $5.75 to $4.00 and set an “equal weight” rating on the stock in a research report on Thursday. Finally, Macquarie reissued a “neutral” rating and issued a $9.00 price target on shares of Peloton Interactive in a report on Monday, February 10th. Fifteen investment analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $8.54.

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.