Castleark Management LLC Invests $3.51 Million in Peloton Interactive, Inc. (NASDAQ:PTON)

Castleark Management LLC purchased a new position in shares of Peloton Interactive, Inc. (NASDAQ:PTON - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 403,080 shares of the company's stock, valued at approximately $3,507,000. Castleark Management LLC owned about 0.11% of Peloton Interactive at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of the business. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in shares of Peloton Interactive by 20.1% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 598,087 shares of the company's stock valued at $5,203,000 after acquiring an additional 100,299 shares during the last quarter. Voloridge Investment Management LLC grew its stake in shares of Peloton Interactive by 1,438.9% during the fourth quarter. Voloridge Investment Management LLC now owns 3,109,054 shares of the company's stock worth $27,049,000 after purchasing an additional 2,907,023 shares during the period. Woodline Partners LP bought a new stake in Peloton Interactive in the fourth quarter valued at about $7,667,000. Wexford Capital LP acquired a new position in Peloton Interactive in the fourth quarter valued at about $764,000. Finally, Two Sigma Advisers LP boosted its holdings in Peloton Interactive by 1.5% during the fourth quarter. Two Sigma Advisers LP now owns 7,551,800 shares of the company's stock worth $65,701,000 after buying an additional 110,900 shares during the last quarter. 77.01% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

PTON has been the subject of a number of recent analyst reports. Canaccord Genuity Group raised Peloton Interactive from a "hold" rating to a "buy" rating and set a $10.00 price target for the company in a research note on Friday, March 14th. Telsey Advisory Group decreased their price objective on shares of Peloton Interactive from $9.00 to $8.00 and set a "market perform" rating for the company in a report on Friday, May 9th. Deutsche Bank Aktiengesellschaft upgraded shares of Peloton Interactive from a "hold" rating to a "buy" rating and set a $6.60 target price on the stock in a report on Monday, April 14th. Truist Financial raised shares of Peloton Interactive from a "hold" rating to a "buy" rating and set a $11.00 price target for the company in a report on Monday, April 28th. Finally, Bank of America dropped their price objective on Peloton Interactive from $11.50 to $9.50 and set a "buy" rating on the stock in a research note on Tuesday, April 15th. Thirteen research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat, Peloton Interactive presently has an average rating of "Hold" and an average target price of $8.30.

Peloton Interactive Price Performance

PTON stock opened at $6.46 on Thursday. The stock has a market capitalization of $2.52 billion, a P/E ratio of -8.39 and a beta of 2.25. Peloton Interactive, Inc. has a fifty-two week low of $2.83 and a fifty-two week high of $10.90. The business has a 50-day moving average of $6.24 and a 200-day moving average of $7.78.

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

Insider Buying and Selling

In related news, insider Jennifer Cunningham Cotter sold 145,622 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 $910,137.50. Following the completion of the transaction, the insider now directly owns 235,439 shares of the company's stock, valued at approximately $1,471,493.75. This represents a 38.21% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Dion C. Sanders sold 122,036 shares of the business's stock in a transaction that occurred on Friday, May 16th. The stock was sold at an average price of $6.25, for a total value of $762,725.00. Following the transaction, the insider now directly 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. Over the last 90 days, insiders sold 764,836 shares of company stock worth $4,904,178. 1.34% of the stock is owned by insiders.

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.

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