Banco Santander S.A. Purchases New Position in Peloton Interactive, Inc. (NASDAQ:PTON)

Banco Santander S.A. purchased a new stake in shares of Peloton Interactive, Inc. (NASDAQ:PTON - Free Report) in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 42,327 shares of the company's stock, valued at approximately $268,000.

Other institutional investors have also modified their holdings of the company. Russell Investments Group Ltd. lifted its stake in shares of Peloton Interactive by 969.6% in the 4th quarter. Russell Investments Group Ltd. now owns 4,011 shares of the company's stock valued at $35,000 after purchasing an additional 3,636 shares during the last quarter. FNY Investment Advisers LLC bought a new stake in shares of Peloton Interactive in the 1st quarter valued at approximately $37,000. Comerica Bank lifted its stake in shares of Peloton Interactive by 29.1% in the 4th quarter. Comerica Bank now owns 6,164 shares of the company's stock valued at $54,000 after purchasing an additional 1,389 shares during the last quarter. Nisa Investment Advisors LLC lifted its stake in shares of Peloton Interactive by 40.2% in the 1st quarter. Nisa Investment Advisors LLC now owns 6,503 shares of the company's stock valued at $41,000 after purchasing an additional 1,864 shares during the last quarter. Finally, GAMMA Investing LLC lifted its stake in shares of Peloton Interactive by 1,082.5% in the 1st quarter. GAMMA Investing LLC now owns 8,159 shares of the company's stock valued at $52,000 after purchasing an additional 7,469 shares during the last quarter. 77.01% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other news, insider Nick V. Caldwell sold 63,925 shares of Peloton Interactive stock in a transaction on Monday, June 16th. The stock was sold at an average price of $6.99, for a total value of $446,835.75. Following the transaction, the insider directly owned 578,668 shares in the company, valued at approximately $4,044,889.32. This trade represents a 9.95% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CFO Elizabeth F. Coddington sold 185,661 shares of Peloton Interactive stock in a transaction 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 completion of the transaction, the chief financial officer owned 311,231 shares in the company, valued at $1,957,642.99. This represents a 37.36% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 576,585 shares of company stock worth $3,688,758. Insiders own 1.34% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on PTON shares. The Goldman Sachs Group lowered their price objective on Peloton Interactive from $10.00 to $7.00 and set a "neutral" rating for the company in a research note on Friday, May 9th. JPMorgan Chase & Co. lowered their price objective on Peloton Interactive from $8.00 to $7.00 and set a "neutral" rating for the company in a research note on Tuesday, April 8th. Needham & Company LLC reissued a "hold" rating on shares of Peloton Interactive in a research note on Friday, May 9th. Bank of America decreased their price target on Peloton Interactive from $11.50 to $9.50 and set a "buy" rating for the company in a research note on Tuesday, April 15th. Finally, Truist Financial raised Peloton Interactive from a "hold" rating to a "buy" rating and set a $11.00 price target for the company in a research note on Monday, April 28th. Eleven analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and an average price target of $8.46.

Peloton Interactive Stock Up 5.5%

PTON opened at $6.96 on Tuesday. The stock's fifty day moving average is $6.73 and its two-hundred day moving average is $6.92. The company has a market capitalization of $2.71 billion, a P/E ratio of -15.82 and a beta of 2.08. Peloton Interactive, Inc. has a 52 week low of $2.83 and a 52 week high of $10.90.

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

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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