Engle Capital Management L.P. Buys Shares of 281,800 Peloton Interactive, Inc. (NASDAQ:PTON)

Engle Capital Management L.P. acquired a new position in Peloton Interactive, Inc. (NASDAQ:PTON - Free Report) in the fourth quarter, according to the company in its most recent filing with the SEC. The firm acquired 281,800 shares of the company's stock, valued at approximately $2,452,000. Peloton Interactive accounts for approximately 0.7% of Engle Capital Management L.P.'s portfolio, making the stock its 22nd biggest position. Engle Capital Management L.P. owned 0.07% of Peloton Interactive as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of PTON. Franklin Resources Inc. bought a new position in shares of Peloton Interactive during the 3rd quarter worth about $505,000. Everence Capital Management Inc. bought a new position in shares of Peloton Interactive during the 4th quarter worth about $125,000. Assenagon Asset Management S.A. bought a new position in shares of Peloton Interactive during the 4th quarter worth about $39,992,000. Hennessy Advisors Inc. bought a new position in shares of Peloton Interactive during the 4th quarter worth about $85,260,000. Finally, Wealthcare Advisory Partners LLC bought a new position in shares of Peloton Interactive during the 4th quarter worth about $104,000. Institutional investors own 77.01% of the company's stock.

Insider Buying and Selling

In other news, CAO Saqib Baig sold 22,662 shares of the firm's stock in a transaction on Wednesday, February 19th. The stock was sold at an average price of $9.75, for a total value of $220,954.50. Following the transaction, the chief accounting officer now directly owns 130,031 shares in the company, valued at $1,267,802.25. This trade represents a 14.84% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Jennifer Cunningham Cotter sold 187,238 shares of the firm's stock in a transaction on Thursday, March 6th. The stock was sold at an average price of $6.45, for a total value of $1,207,685.10. Following the completion of the transaction, the insider now owns 100,269 shares in the company, valued at $646,735.05. This represents a 65.12% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 674,338 shares of company stock valued at $5,522,838 over the last ninety days. Insiders own 1.34% of the company's stock.

Peloton Interactive Stock Performance

Shares of NASDAQ PTON traded down $0.09 during trading on Wednesday, reaching $6.72. The company had a trading volume of 5,963,003 shares, compared to its average volume of 15,580,547. Peloton Interactive, Inc. has a 52 week low of $2.83 and a 52 week high of $10.90. The stock has a market cap of $2.62 billion, a PE ratio of -8.73 and a beta of 2.25. The business's 50 day moving average price is $6.20 and its 200-day moving average price is $7.81.

Peloton Interactive (NASDAQ:PTON - Get Free Report) last posted its quarterly earnings results on Thursday, May 8th. The company reported ($0.12) earnings per share for the quarter, missing analysts' consensus estimates of ($0.06) by ($0.06). The company had revenue of $624.00 million for the quarter, compared to analyst estimates of $620.39 million. Peloton Interactive's revenue was down 13.1% compared to the same quarter last year. During the same period last year, the business posted ($0.45) earnings per share. Equities analysts anticipate that Peloton Interactive, Inc. will post -0.36 earnings per share for the current year.

Analysts Set New Price Targets

A number of equities analysts have recently commented on PTON shares. Truist Financial raised shares of Peloton Interactive from a "hold" rating to a "buy" rating and set a $11.00 price objective for the company in a report on Monday, April 28th. Macquarie raised shares of Peloton Interactive from a "neutral" rating to an "outperform" rating and raised their price objective for the stock from $9.00 to $10.00 in a report on Tuesday. Canaccord Genuity Group raised shares of Peloton Interactive from a "hold" rating to a "buy" rating and set a $10.00 price target for the company in a report on Friday, March 14th. Telsey Advisory Group cut their price target on shares of Peloton Interactive from $9.00 to $8.00 and set a "market perform" rating for the company in a report on Friday, May 9th. Finally, Needham & Company LLC reissued a "hold" rating on shares of Peloton Interactive in a report on Friday, May 9th. Thirteen analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus price target of $8.30.

Peloton Interactive Company 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.