Assenagon Asset Management S.A. Sells 4,243,498 Shares of Peloton Interactive, Inc. (NASDAQ:PTON)

Assenagon Asset Management S.A. lessened its stake in shares of Peloton Interactive, Inc. (NASDAQ:PTON - Free Report) by 92.3% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 353,280 shares of the company's stock after selling 4,243,498 shares during the quarter. Assenagon Asset Management S.A. owned about 0.09% of Peloton Interactive worth $2,233,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of the company. Handelsbanken Fonder AB increased its stake in Peloton Interactive by 25.8% in the 1st quarter. Handelsbanken Fonder AB now owns 88,700 shares of the company's stock worth $561,000 after buying an additional 18,200 shares in the last quarter. SG Americas Securities LLC grew its holdings in shares of Peloton Interactive by 689.7% in the first quarter. SG Americas Securities LLC now owns 117,888 shares of the company's stock worth $745,000 after purchasing an additional 102,959 shares during the last quarter. Pallas Capital Advisors LLC purchased a new position in Peloton Interactive during the 1st quarter worth $138,000. Procyon Advisors LLC bought a new stake in shares of Peloton Interactive in the first quarter valued at about $345,000. Finally, Merit Financial Group LLC purchased a new position in Peloton Interactive during the first quarter valued at approximately $67,000. Institutional investors own 77.01% of the company's stock.

Peloton Interactive Stock Performance

PTON stock opened at $6.93 on Tuesday. Peloton Interactive, Inc. has a one year low of $2.83 and a one year high of $10.90. The firm's fifty day moving average is $6.61 and its 200 day moving average is $7.59. The firm has a market cap of $2.70 billion, a PE ratio of -9.00 and a beta of 2.15.

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

Insider Buying and Selling at Peloton Interactive

In other news, CFO Elizabeth F. Coddington sold 185,661 shares of the business's stock in a transaction that occurred on Friday, May 16th. The shares were sold at an average price of $6.29, for a total value of $1,167,807.69. Following the sale, the chief financial officer now directly owns 311,231 shares of the company's stock, valued at approximately $1,957,642.99. The trade was a 37.36% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Dion C. Sanders sold 122,036 shares of the stock in a transaction that occurred on Friday, May 16th. The stock was sold at an average price of $6.25, for a total transaction of $762,725.00. Following the transaction, the insider now directly owns 114,318 shares of the company's stock, valued at $714,487.50. The trade was a 51.63% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 453,319 shares of company stock worth $2,840,670 in the last three months. 1.34% of the stock is owned by corporate insiders.

Analyst Ratings Changes

PTON has been the topic of several analyst reports. Telsey Advisory Group cut their target price on Peloton Interactive from $9.00 to $8.00 and set a "market perform" rating on the stock in a research note on Friday, May 9th. JMP Securities reiterated a "market perform" rating on shares of Peloton Interactive in a research note on Monday, April 14th. Deutsche Bank Aktiengesellschaft raised shares of Peloton Interactive from a "hold" rating to a "buy" rating and set a $6.60 target price for the company in a research report on Monday, April 14th. JPMorgan Chase & Co. reduced their price target on Peloton Interactive from $8.00 to $7.00 and set a "neutral" rating on the stock in a research report on Tuesday, April 8th. Finally, Truist Financial upgraded 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. Thirteen investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company's stock. According to data from MarketBeat.com, Peloton Interactive has an average rating of "Hold" and an average target price of $8.30.

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.

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