Cerity Partners LLC Buys 55,073 Shares of Peloton Interactive, Inc. (NASDAQ:PTON)

Cerity Partners LLC boosted its position in shares of Peloton Interactive, Inc. (NASDAQ:PTON - Free Report) by 75.9% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 127,610 shares of the company's stock after buying an additional 55,073 shares during the period. Cerity Partners LLC's holdings in Peloton Interactive were worth $806,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. Russell Investments Group Ltd. grew its holdings in Peloton Interactive by 969.6% during 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 period. FNY Investment Advisers LLC acquired a new position in Peloton Interactive in the first quarter valued at $37,000. Comerica Bank increased its stake in Peloton Interactive by 29.1% in the fourth 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 grew its holdings in shares of Peloton Interactive by 40.2% during the 1st quarter. Nisa Investment Advisors LLC now owns 6,503 shares of the company's stock worth $41,000 after purchasing an additional 1,864 shares during the period. Finally, GAMMA Investing LLC grew its stake in shares of Peloton Interactive by 1,082.5% in the first quarter. GAMMA Investing LLC now owns 8,159 shares of the company's stock valued at $52,000 after buying an additional 7,469 shares in the last quarter. Institutional investors and hedge funds own 77.01% of the company's stock.

Analyst Ratings Changes

Several analysts recently issued reports on the company. Truist Financial raised Peloton Interactive from a "hold" rating to a "buy" rating and set a $11.00 price target on the stock in a report on Monday, April 28th. Deutsche Bank Aktiengesellschaft raised Peloton Interactive from a "hold" rating to a "buy" rating and set a $6.60 target price on the stock in a research note on Monday, April 14th. Needham & Company LLC reiterated a "hold" rating on shares of Peloton Interactive in a research report on Friday, May 9th. JPMorgan Chase & Co. cut their target price on shares of Peloton Interactive from $8.00 to $7.00 and set a "neutral" rating for the company in a research report on Tuesday, April 8th. Finally, The Goldman Sachs Group decreased their target price 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. Twelve 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, the stock presently has an average rating of "Hold" and an average target price of $8.30.

Insider Transactions at Peloton Interactive

In related news, insider Jennifer Cunningham Cotter sold 145,622 shares of the business's stock in a transaction dated Friday, May 16th. The shares were sold at an average price of $6.25, for a total transaction of $910,137.50. Following the sale, the insider owned 235,439 shares of the company's stock, valued at $1,471,493.75. The trade was a 38.21% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Dion C. Sanders sold 122,036 shares of the company'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 transaction of $762,725.00. Following the completion of the transaction, the insider owned 114,318 shares in the company, valued at approximately $714,487.50. This represents a 51.63% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 576,585 shares of company stock worth $3,688,758. 1.34% of the stock is owned by corporate insiders.

Peloton Interactive Price Performance

Shares of PTON stock traded up $0.13 on Friday, reaching $6.56. 7,484,695 shares of the company were exchanged, compared to its average volume of 13,955,221. The company has a market cap of $2.56 billion, a price-to-earnings ratio of -14.91 and a beta of 2.11. The company has a 50-day moving average of $6.75 and a 200-day moving average of $7.04. 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 posted its quarterly earnings data 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 for the quarter, compared to analysts' expectations of $620.39 million. The business's revenue was down 13.1% on a year-over-year basis. During the same period last year, the business posted ($0.45) EPS. As a group, sell-side analysts predict that Peloton Interactive, Inc. will post -0.36 EPS for the current year.

About Peloton Interactive

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.