Raymond James Financial Inc. Acquires Shares of 133,092 Peloton Interactive, Inc. (NASDAQ:PTON)

Raymond James Financial Inc. acquired a new stake in Peloton Interactive, Inc. (NASDAQ:PTON - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 133,092 shares of the company's stock, valued at approximately $1,158,000.

Several other large investors have also recently made changes to their positions in PTON. Vanguard Group Inc. grew its position in Peloton Interactive by 4.9% during the fourth quarter. Vanguard Group Inc. now owns 35,059,790 shares of the company's stock valued at $305,020,000 after buying an additional 1,645,640 shares during the period. Hennessy Advisors Inc. purchased a new stake in shares of Peloton Interactive during the 4th quarter worth approximately $85,260,000. Geode Capital Management LLC raised its holdings in shares of Peloton Interactive by 2.1% in the 4th quarter. Geode Capital Management LLC now owns 8,270,328 shares of the company's stock worth $71,969,000 after purchasing an additional 170,901 shares during the period. Renaissance Technologies LLC lifted its stake in Peloton Interactive by 59.5% in the fourth quarter. Renaissance Technologies LLC now owns 5,833,700 shares of the company's stock valued at $50,753,000 after purchasing an additional 2,176,400 shares during the last quarter. Finally, Assenagon Asset Management S.A. bought a new position in Peloton Interactive during the fourth quarter valued at $39,992,000. 77.01% of the stock is owned by hedge funds and other institutional investors.

Peloton Interactive Price Performance

PTON stock traded down $0.02 during mid-day trading on Wednesday, hitting $6.97. 13,448,928 shares of the stock were exchanged, compared to its average volume of 15,541,738. The stock has a market capitalization of $2.72 billion, a price-to-earnings ratio of -9.05 and a beta of 2.25. The business has a fifty day moving average price of $6.23 and a 200 day moving average price of $7.78. Peloton Interactive, Inc. has a 12 month low of $2.83 and a 12 month high of $10.90.

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

Insiders Place Their Bets

In other news, CFO Elizabeth F. Coddington sold 170,819 shares of Peloton Interactive stock in a transaction that occurred on Tuesday, February 18th. The stock was sold at an average price of $9.62, for a total value of $1,643,278.78. Following the sale, the chief financial officer now directly owns 275,212 shares in the company, valued at approximately $2,647,539.44. This trade represents a 38.30 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO Saqib Baig sold 22,662 shares of the company's stock in a transaction that occurred on Wednesday, February 19th. The shares were sold at an average price of $9.75, for a total value of $220,954.50. Following the transaction, the chief accounting officer now owns 130,031 shares of the company's stock, valued at approximately $1,267,802.25. This represents a 14.84 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 674,338 shares of company stock valued at $5,522,838 over the last three months. Insiders own 1.34% of the company's stock.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on PTON. Citigroup dropped their price target on Peloton Interactive from $11.00 to $10.00 and set a "neutral" rating on the stock in a research report on Monday, February 10th. Deutsche Bank Aktiengesellschaft upgraded shares of Peloton Interactive from a "hold" rating to a "buy" rating and set a $6.60 target price for the company in a research note on Monday, April 14th. Bank of America dropped their price target on shares of Peloton Interactive from $11.50 to $9.50 and set a "buy" rating on the stock in a research note on Tuesday, April 15th. Canaccord Genuity Group raised shares of Peloton Interactive from a "hold" rating to a "buy" rating and set a $10.00 target price on the stock in a report on Friday, March 14th. Finally, The Goldman Sachs Group raised their price target on Peloton Interactive from $8.00 to $10.00 and gave the stock a "neutral" rating in a report on Monday, February 10th. Fourteen investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat.com, Peloton Interactive has a consensus rating of "Hold" and an average target price of $8.48.

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.