Deutsche Bank AG Acquires 496,428 Shares of Peloton Interactive, Inc. (NASDAQ:PTON)

Deutsche Bank AG boosted its stake in shares of Peloton Interactive, Inc. (NASDAQ:PTON - Free Report) by 229.3% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 712,964 shares of the company's stock after buying an additional 496,428 shares during the quarter. Deutsche Bank AG owned 0.19% of Peloton Interactive worth $6,203,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently bought and sold shares of PTON. R Squared Ltd purchased a new position in Peloton Interactive in the 4th quarter valued at about $28,000. Russell Investments Group Ltd. lifted its position in shares of 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 purchasing an additional 3,636 shares during the last quarter. Comerica Bank lifted its position in shares of Peloton Interactive by 29.1% in the 4th quarter. Comerica Bank now owns 6,164 shares of the company's stock worth $54,000 after buying an additional 1,389 shares during the last quarter. SBI Securities Co. Ltd. bought a new stake in shares of Peloton Interactive during the 4th quarter valued at about $69,000. Finally, C M Bidwell & Associates Ltd. bought a new stake in shares of Peloton Interactive in the 4th quarter worth approximately $72,000. 77.01% of the stock is owned by institutional investors and hedge funds.

Peloton Interactive Stock Performance

Shares of NASDAQ PTON traded up $0.43 during trading on Tuesday, hitting $6.72. 18,497,080 shares of the company traded hands, compared to its average volume of 15,537,004. The business's fifty day moving average is $6.24 and its 200 day moving average is $7.80. The firm has a market capitalization of $2.62 billion, a price-to-earnings ratio of -8.73 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.

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 the consensus estimate of ($0.06) by ($0.06). The business had revenue of $624.00 million during the quarter, compared to analyst estimates of $620.39 million. During the same quarter in the prior year, the firm posted ($0.45) EPS. The business's quarterly revenue was down 13.1% on a year-over-year basis. On average, analysts predict that Peloton Interactive, Inc. will post -0.36 EPS for the current year.

Insider Activity at Peloton Interactive

In other news, insider Jennifer Cunningham Cotter sold 47,457 shares of the firm's stock in a transaction that occurred on Thursday, February 20th. The shares were sold at an average price of $9.11, for a total transaction of $432,333.27. Following the completion of the sale, the insider now owns 287,507 shares in the company, valued at $2,619,188.77. This trade represents a 14.17% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CAO Saqib Baig sold 22,662 shares of the company's stock in a transaction that occurred on Wednesday, February 19th. The shares were sold at an average price of $9.75, for a total value of $220,954.50. Following the completion of the transaction, the chief accounting officer now owns 130,031 shares in the company, valued at approximately $1,267,802.25. The trade was a 14.84% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 834,955 shares of company stock valued at $5,557,466. 1.34% of the stock is owned by company insiders.

Analyst Ratings Changes

Several equities analysts have commented on PTON shares. Citigroup lowered their target price on shares of Peloton Interactive from $11.00 to $10.00 and set a "neutral" rating on the stock in a research note on Monday, February 10th. Needham & Company LLC reiterated a "hold" rating on shares of Peloton Interactive in a research note on Friday, May 9th. Canaccord Genuity Group upgraded shares of Peloton Interactive from a "hold" rating to a "buy" rating and set a $10.00 price target on the stock in a research report on Friday, March 14th. JMP Securities restated a "market perform" rating on shares of Peloton Interactive in a research report on Monday, April 14th. Finally, JPMorgan Chase & Co. decreased 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. Thirteen equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus 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.