Algert Global LLC Buys 147,964 Shares of Peloton Interactive, Inc. (NASDAQ:PTON)

Algert Global LLC increased its position in shares of Peloton Interactive, Inc. (NASDAQ:PTON - Free Report) by 73.6% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 348,874 shares of the company's stock after acquiring an additional 147,964 shares during the quarter. Algert Global LLC owned 0.09% of Peloton Interactive worth $3,035,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in the company. Franklin Resources Inc. acquired a new stake in Peloton Interactive during the 3rd quarter worth about $505,000. Everence Capital Management Inc. bought a new position in Peloton Interactive during the fourth quarter valued at about $125,000. Assenagon Asset Management S.A. bought a new position in shares of Peloton Interactive in the 4th quarter valued at approximately $39,992,000. Hennessy Advisors Inc. acquired a new stake in shares of Peloton Interactive in the fourth quarter worth $85,260,000. Finally, Wealthcare Advisory Partners LLC bought a new stake in shares of Peloton Interactive during the 4th quarter worth $104,000. Hedge funds and other institutional investors own 77.01% of the company's stock.

Analyst Ratings Changes

PTON has been the subject of a number of research analyst reports. Canaccord Genuity Group raised shares of Peloton Interactive from a "hold" rating to a "buy" rating and set a $10.00 target price for the company in a research report on Friday, March 14th. Citigroup decreased their target price on Peloton Interactive from $11.00 to $10.00 and set a "neutral" rating for the company in a research note on Monday, February 10th. Deutsche Bank Aktiengesellschaft raised Peloton Interactive from a "hold" rating to a "buy" rating and set a $6.60 target price on the stock in a report on Monday, April 14th. Argus upgraded Peloton Interactive from a "hold" rating to a "buy" rating and set a $15.00 price target for the company in a report on Tuesday, February 11th. Finally, Bank of America reduced their price objective on Peloton Interactive from $11.50 to $9.50 and set a "buy" rating for the company in a research report on Tuesday, April 15th. Fourteen equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to MarketBeat.com, the company has an average rating of "Hold" and an average price target of $8.30.

Insider Buying and Selling at Peloton Interactive

In other Peloton Interactive news, CFO Elizabeth F. Coddington sold 170,819 shares of the company's stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $9.62, for a total transaction of $1,643,278.78. Following the transaction, the chief financial officer now owns 275,212 shares of the company's stock, valued at approximately $2,647,539.44. This represents a 38.30 % decrease in their position. The transaction 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 Peloton Interactive stock in a transaction 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 completion of the sale, the chief accounting officer now directly owns 130,031 shares of the company's stock, valued at $1,267,802.25. This trade represents a 14.84 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 674,338 shares of company stock worth $5,522,838. 1.34% of the stock is currently owned by insiders.

Peloton Interactive Price Performance

Shares of Peloton Interactive stock traded down $0.35 during midday trading on Friday, hitting $6.16. 22,595,787 shares of the company were exchanged, compared to its average volume of 15,597,905. The firm has a 50 day simple moving average of $6.20 and a 200-day simple moving average of $7.79. Peloton Interactive, Inc. has a 52 week low of $2.83 and a 52 week high of $10.90. The firm has a market cap of $2.40 billion, a P/E ratio of -8.00 and a beta of 2.25.

Peloton Interactive (NASDAQ:PTON - Get Free Report) last issued its quarterly earnings data on Thursday, May 8th. The company reported ($0.12) earnings per share for the quarter, missing the consensus estimate of ($0.06) by ($0.06). The business had revenue of $624.00 million for the quarter, compared to analysts' expectations of $620.39 million. The company's revenue was down 13.1% on a year-over-year basis. During the same quarter last year, the company earned ($0.45) earnings per share. Equities research analysts expect that Peloton Interactive, Inc. will post -0.36 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.