Peloton Interactive, Inc. (NASDAQ:PTON) Shares Sold by Ameriprise Financial Inc.

Ameriprise Financial Inc. decreased its stake in Peloton Interactive, Inc. (NASDAQ:PTON - Free Report) by 78.5% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,760,470 shares of the company's stock after selling 6,430,055 shares during the period. Ameriprise Financial Inc. owned 0.46% of Peloton Interactive worth $15,316,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. R Squared Ltd purchased a new position in Peloton Interactive during the 4th quarter worth $28,000. Russell Investments Group Ltd. boosted its position in shares of Peloton Interactive by 969.6% in the fourth 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. Comerica Bank boosted its position in shares of Peloton Interactive by 29.1% in the fourth quarter. Comerica Bank now owns 6,164 shares of the company's stock worth $54,000 after acquiring an additional 1,389 shares during the last quarter. SBI Securities Co. Ltd. acquired a new stake in shares of Peloton Interactive in the fourth quarter worth approximately $69,000. Finally, C M Bidwell & Associates Ltd. acquired a new stake in shares of Peloton Interactive in the fourth quarter worth approximately $72,000. Institutional investors and hedge funds own 77.01% of the company's stock.

Insiders Place Their Bets

In other Peloton Interactive news, insider Jennifer Cunningham Cotter sold 187,238 shares of Peloton Interactive stock in a transaction on Thursday, March 6th. The shares were 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 of the company's stock, valued at $646,735.05. The trade was a 65.12% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, insider Andrew S. Rendich sold 17,401 shares of Peloton Interactive stock in a transaction on Wednesday, February 26th. The stock was sold at an average price of $8.18, for a total transaction of $142,340.18. Following the completion of the transaction, the insider now directly owns 362,573 shares of the company's stock, valued at approximately $2,965,847.14. This represents a 4.58% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 764,836 shares of company stock valued at $4,904,178 over the last 90 days. 1.34% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

PTON has been the topic of several research reports. Argus upgraded shares of Peloton Interactive from a "hold" rating to a "buy" rating and set a $15.00 price target on the stock in a report on Tuesday, February 11th. Telsey Advisory Group cut their price target on shares of Peloton Interactive from $9.00 to $8.00 and set a "market perform" rating on the stock in a report on Friday, May 9th. JPMorgan Chase & Co. cut their price target on shares of Peloton Interactive from $8.00 to $7.00 and set a "neutral" rating on the stock in a report on Tuesday, April 8th. Canaccord Genuity Group upgraded shares of Peloton Interactive from a "hold" rating to a "buy" rating and set a $10.00 price target on the stock in a report on Friday, March 14th. Finally, Deutsche Bank Aktiengesellschaft upgraded shares of Peloton Interactive from a "hold" rating to a "buy" rating and set a $6.60 price target on the stock in a report on Monday, April 14th. Thirteen investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Hold" and an average target price of $8.30.

Peloton Interactive Price Performance

Shares of NASDAQ:PTON traded up $0.36 during midday trading on Friday, reaching $7.57. The company had a trading volume of 20,900,280 shares, compared to its average volume of 15,302,073. The stock's fifty day moving average price is $6.28 and its 200-day moving average price is $7.78. The stock has a market capitalization of $2.95 billion, a P/E ratio of -9.83 and a beta of 2.25. Peloton Interactive, Inc. has a one year low of $2.83 and a one year high of $10.90.

Peloton Interactive (NASDAQ:PTON - Get Free Report) last released its quarterly earnings data on Thursday, May 8th. The company reported ($0.12) EPS for the quarter, missing analysts' consensus estimates 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. Peloton Interactive's revenue for the quarter was down 13.1% compared to the same quarter last year. During the same period in the previous year, the company posted ($0.45) earnings per share. As a group, sell-side analysts forecast that Peloton Interactive, Inc. will post -0.36 earnings per share for the current year.

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.