180,260 Shares in Peloton Interactive, Inc. $PTON Acquired by Jackson Creek Investment Advisors LLC

Key Points

• Jackson Creek Investment Advisors LLC opened a new position in Peloton Interactive during the fourth quarter, buying 180,260 shares valued at about $1.11 million.
• Institutional interest remains high, with several large investors increasing stakes and 77.01% of Peloton’s stock now owned by institutions.
• Peloton recently reported quarterly EPS of $0.06, missing estimates by a penny, while analysts currently rate the stock a Hold with a consensus price target of $8.25.

Jackson Creek Investment Advisors LLC bought a new position in Peloton Interactive, Inc. (NASDAQ:PTON - Free Report) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 180,260 shares of the company's stock, valued at approximately $1,110,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in PTON. Royal Bank of Canada raised its holdings in shares of Peloton Interactive by 342.6% in the 1st quarter. Royal Bank of Canada now owns 616,367 shares of the company's stock worth $3,896,000 after purchasing an additional 477,106 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in shares of Peloton Interactive by 2.4% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 290,981 shares of the company's stock valued at $1,839,000 after acquiring an additional 6,921 shares during the period. NewEdge Advisors LLC raised its holdings in shares of Peloton Interactive by 3,132.6% during the first quarter. NewEdge Advisors LLC now owns 15,549 shares of the company's stock valued at $98,000 after acquiring an additional 15,068 shares during the period. Goldman Sachs Group Inc. raised its holdings in shares of Peloton Interactive by 27.1% during the first quarter. Goldman Sachs Group Inc. now owns 7,056,642 shares of the company's stock valued at $44,598,000 after acquiring an additional 1,503,680 shares during the period. Finally, Caxton Associates LLP acquired a new stake in shares of Peloton Interactive during the first quarter valued at approximately $282,000. 77.01% of the stock is currently owned by institutional investors.

Peloton Interactive Stock Performance

Shares of PTON opened at $5.98 on Thursday. The company's 50 day moving average price is $4.91 and its 200 day moving average price is $5.45. Peloton Interactive, Inc. has a 52 week low of $3.65 and a 52 week high of $9.20. The company has a market capitalization of $2.59 billion, a PE ratio of 149.54, a PEG ratio of 0.98 and a beta of 2.50.

Peloton Interactive (NASDAQ:PTON - Get Free Report) last announced its quarterly earnings data on Thursday, May 7th. The company reported $0.06 EPS for the quarter, missing analysts' consensus estimates of $0.07 by ($0.01). Peloton Interactive had a net margin of 0.94% and a negative return on equity of 6.95%. During the same quarter in the previous year, the company earned ($0.12) EPS. The firm's revenue was up 1.1% on a year-over-year basis. On average, equities analysts forecast that Peloton Interactive, Inc. will post 0.13 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

PTON has been the topic of a number of recent analyst reports. Citigroup cut their price target on shares of Peloton Interactive from $8.25 to $5.00 and set a "neutral" rating on the stock in a report on Thursday, February 12th. Truist Financial cut their price target on shares of Peloton Interactive from $12.00 to $9.00 and set a "buy" rating on the stock in a report on Friday, February 6th. Weiss Ratings upgraded shares of Peloton Interactive from a "sell (d)" rating to a "sell (d+)" rating in a report on Tuesday. Wall Street Zen upgraded shares of Peloton Interactive from a "hold" rating to a "buy" rating in a report on Saturday, May 16th. Finally, Telsey Advisory Group restated a "market perform" rating on shares of Peloton Interactive in a report on Wednesday. Five research analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Hold" and a consensus target price of $8.25.

Insider Activity

In related news, insider Dion C. Sanders sold 112,523 shares of the business's stock in a transaction that occurred on Wednesday, May 20th. The shares were sold at an average price of $5.19, for a total transaction of $583,994.37. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Saqib Baig sold 29,075 shares of the business's stock in a transaction that occurred on Monday, May 18th. The shares were sold at an average price of $5.27, for a total transaction of $153,225.25. Following the transaction, the chief financial officer directly owned 250,019 shares in the company, valued at $1,317,600.13. The trade was a 10.42% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 255,498 shares of company stock valued at $1,245,332 in the last three months. 1.30% of the stock is currently owned by insiders.

Peloton Interactive Company Profile

Peloton Interactive, Inc operates a digital fitness platform that combines connected exercise equipment with live and on-demand workout classes. The company's core products include stationary bikes (Peloton Bike and Bike+), treadmills (Peloton Tread and Tread+), and the Peloton Row. Each device integrates a touchscreen display that streams instructor-led cycling, running, strength, yoga, meditation and other fitness classes. Peloton generates recurring revenue through subscription plans, which grant users access to its growing library of workouts, performance tracking tools and community features.

Founded in 2012 by John Foley and headquartered in New York City, Peloton set out to deliver an immersive home-fitness experience by blending hardware, software and content.

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