First Trust Advisors LP bought a new position in shares of Peloton Interactive, Inc. (NASDAQ:PTON - Free Report) during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 660,919 shares of the company's stock, valued at approximately $5,750,000. First Trust Advisors LP owned 0.17% of Peloton Interactive as of its most recent SEC filing.
Other large investors also recently modified their holdings of the company. R Squared Ltd acquired a new position in Peloton Interactive during the fourth quarter worth $28,000. Russell Investments Group Ltd. raised its holdings in shares of Peloton Interactive by 969.6% in the 4th quarter. Russell Investments Group Ltd. now owns 4,011 shares of the company's stock worth $35,000 after acquiring an additional 3,636 shares during the last quarter. SBI Securities Co. Ltd. acquired a new position in Peloton Interactive during the 4th quarter valued at about $69,000. C M Bidwell & Associates Ltd. bought a new stake in Peloton Interactive during the 4th quarter worth approximately $72,000. Finally, Jones Financial Companies Lllp raised its stake in shares of Peloton Interactive by 33.9% in the fourth quarter. Jones Financial Companies Lllp now owns 9,496 shares of the company's stock worth $83,000 after purchasing an additional 2,403 shares during the last quarter. 77.01% of the stock is currently owned by institutional investors.
Analysts Set New Price Targets
Several brokerages recently issued reports on PTON. Truist Financial upgraded Peloton Interactive from a "hold" rating to a "buy" rating and set a $11.00 price target for the company in a report on Monday, April 28th. Morgan Stanley dropped their price target on shares of Peloton Interactive from $5.75 to $4.00 and set an "equal weight" rating on the stock in a research report on Thursday, April 17th. Bank of America reduced their price objective on shares of Peloton Interactive from $11.50 to $9.50 and set a "buy" rating for the company in a research report on Tuesday, April 15th. Deutsche Bank Aktiengesellschaft raised shares of Peloton Interactive from a "hold" rating to a "buy" rating and set a $6.60 target price on the stock in a research report on Monday, April 14th. Finally, Needham & Company LLC reaffirmed a "hold" rating on shares of Peloton Interactive in a report on Thursday, February 6th. Fourteen research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of "Hold" and an average target price of $8.59.
Check Out Our Latest Stock Analysis on PTON
Peloton Interactive Trading Down 0.4 %
Shares of NASDAQ PTON traded down $0.03 during mid-day trading on Friday, hitting $6.82. The company had a trading volume of 9,224,198 shares, compared to its average volume of 15,764,808. Peloton Interactive, Inc. has a 1 year low of $2.83 and a 1 year high of $10.90. The company has a market capitalization of $2.66 billion, a price-to-earnings ratio of -8.86 and a beta of 2.25. The stock's 50-day moving average price is $6.27 and its 200-day moving average price is $7.77.
Peloton Interactive (NASDAQ:PTON - Get Free Report) 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, equities research analysts forecast that Peloton Interactive, Inc. will post -0.36 earnings per share for the current year.
Insider Activity
In other Peloton Interactive news, insider Nick V. Caldwell sold 68,727 shares of the company's stock in a transaction dated Monday, March 17th. The stock was sold at an average price of $6.59, for a total value of $452,910.93. Following the transaction, the insider now directly owns 474,234 shares in the company, valued at $3,125,202.06. This represents a 12.66 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Elizabeth F. Coddington sold 38,151 shares of the business's stock in a transaction dated Friday, March 14th. The stock was sold at an average price of $6.83, for a total value of $260,571.33. Following the transaction, the chief financial officer now directly owns 258,880 shares of the company's stock, valued at $1,768,150.40. The trade was a 12.84 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 674,338 shares of company stock worth $5,522,838 in the last three months. Corporate insiders own 1.34% of the company's stock.
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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