Assenagon Asset Management S.A. lessened its stake in Peloton Interactive, Inc. (NASDAQ:PTON - Free Report) by 92.3% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. 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 at the end of the most recent reporting period.
A number of other institutional investors have also recently added to or reduced their stakes in PTON. Y Intercept Hong Kong Ltd acquired a new stake in shares of Peloton Interactive in the 4th quarter worth $360,000. Rhumbline Advisers grew its holdings in shares of Peloton Interactive by 7.8% in the fourth quarter. Rhumbline Advisers now owns 479,134 shares of the company's stock valued at $4,168,000 after purchasing an additional 34,514 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in Peloton Interactive by 4.0% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 284,060 shares of the company's stock worth $2,471,000 after purchasing an additional 11,008 shares during the last quarter. Charles Schwab Investment Management Inc. raised its stake in Peloton Interactive by 3.5% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 4,136,182 shares of the company's stock worth $35,985,000 after purchasing an additional 139,826 shares during the period. Finally, Raymond James Financial Inc. acquired a new position in Peloton Interactive in the 4th quarter valued at about $1,158,000. Hedge funds and other institutional investors own 77.01% of the company's stock.
Analyst Upgrades and Downgrades
Several analysts have recently commented on PTON shares. JPMorgan Chase & Co. reduced their price target on shares of Peloton Interactive from $8.00 to $7.00 and set a "neutral" rating on the stock in a research report on Tuesday, April 8th. Morgan Stanley reduced their target price on Peloton Interactive from $5.75 to $4.00 and set an "equal weight" rating on the stock in a research report on Thursday, April 17th. The Goldman Sachs Group lowered their price target on Peloton Interactive from $10.00 to $7.00 and set a "neutral" rating for the company in a report on Friday, May 9th. JMP Securities restated a "market perform" rating on shares of Peloton Interactive in a report on Monday, April 14th. Finally, 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 note on Monday, April 14th. Thirteen analysts have rated the stock with a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat, the company has an average rating of "Hold" and an average target price of $8.30.
Check Out Our Latest Report on PTON
Peloton Interactive Price Performance
Shares of Peloton Interactive stock traded down $0.05 on Friday, reaching $6.17. 8,439,234 shares of the company were exchanged, compared to its average volume of 15,428,538. The stock's 50 day moving average price is $6.63 and its 200-day moving average price is $7.55. The company has a market cap of $2.41 billion, a P/E ratio of -14.02 and a beta of 2.15. Peloton Interactive, Inc. has a 1-year low of $2.83 and a 1-year high of $10.90.
Peloton Interactive (NASDAQ:PTON - Get Free Report) last announced 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 the consensus estimate of $620.39 million. The company's revenue was down 13.1% on a year-over-year basis. During the same quarter in the previous year, the company posted ($0.45) earnings per share. On average, research analysts predict that Peloton Interactive, Inc. will post -0.36 earnings per share for the current fiscal year.
Insiders Place Their Bets
In other Peloton Interactive news, CFO Elizabeth F. Coddington sold 38,708 shares of the company's stock in a transaction on Monday, June 16th. The shares were sold at an average price of $6.96, for a total value of $269,407.68. Following the completion of the transaction, the chief financial officer now owns 294,342 shares in the company, valued at $2,048,620.32. This represents a 11.62% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Dion C. Sanders sold 122,036 shares of Peloton Interactive stock in a transaction dated Friday, May 16th. The stock was sold at an average price of $6.25, for a total value of $762,725.00. Following the sale, the insider now owns 114,318 shares in the company, valued at $714,487.50. This trade represents a 51.63% decrease in their position. The disclosure for this sale can be found here. Insiders sold 555,952 shares of company stock valued at $3,556,914 in the last ninety days. Insiders own 1.34% of the company's stock.
Peloton Interactive Company Profile
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Free Report)
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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