Diversified Trust Co Purchases Shares of 61,836 Peloton Interactive, Inc. (NASDAQ:PTON)

Diversified Trust Co purchased a new position in shares of Peloton Interactive, Inc. (NASDAQ:PTON - Free Report) during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor purchased 61,836 shares of the company's stock, valued at approximately $391,000.

Several other large investors also recently modified their holdings of the stock. Russell Investments Group Ltd. raised its stake in Peloton Interactive by 969.6% during the 4th quarter. Russell Investments Group Ltd. now owns 4,011 shares of the company's stock worth $35,000 after buying an additional 3,636 shares during the period. FNY Investment Advisers LLC acquired a new position in shares of Peloton Interactive during the first quarter worth approximately $37,000. GAMMA Investing LLC lifted its holdings 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 worth $52,000 after purchasing an additional 7,469 shares in the last quarter. Comerica Bank lifted its holdings 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 purchasing an additional 1,389 shares in the last quarter. Finally, Merit Financial Group LLC acquired a new stake in Peloton Interactive in the 1st quarter valued at $67,000. Institutional investors and hedge funds own 77.01% of the company's stock.

Peloton Interactive Stock Performance

PTON traded up $0.02 during midday trading on Friday, reaching $6.63. The company had a trading volume of 4,230,260 shares, compared to its average volume of 15,386,151. Peloton Interactive, Inc. has a 12-month low of $2.83 and a 12-month high of $10.90. The business has a 50-day moving average price of $6.81 and a two-hundred day moving average price of $7.33. The stock has a market cap of $2.59 billion, a PE ratio of -15.07 and a beta of 2.11.

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 company had revenue of $624.00 million during the quarter, compared to analyst estimates of $620.39 million. During the same quarter last year, the firm posted ($0.45) EPS. The company's revenue was down 13.1% compared to the same quarter last year. On average, research analysts anticipate that Peloton Interactive, Inc. will post -0.36 earnings per share for the current year.

Insider Transactions at Peloton Interactive

In other news, insider Jennifer Cunningham Cotter sold 145,622 shares of the business's stock in a transaction that occurred on Friday, May 16th. The shares were sold at an average price of $6.25, for a total value 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 document filed with the SEC, which is available at the SEC website. Also, CFO Elizabeth F. Coddington sold 185,661 shares of the firm's stock in a transaction that occurred on Friday, May 16th. The stock was sold at an average price of $6.29, for a total transaction of $1,167,807.69. Following the completion of the transaction, the chief financial officer directly owned 311,231 shares of the company's stock, valued at approximately $1,957,642.99. This trade represents a 37.36% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 555,952 shares of company stock worth $3,556,914 over the last 90 days. 1.34% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on PTON shares. Macquarie raised shares of Peloton Interactive from a "neutral" rating to an "outperform" rating and raised their price objective for the company from $9.00 to $10.00 in a research note on Tuesday, May 13th. Deutsche Bank Aktiengesellschaft raised shares of Peloton Interactive from a "hold" rating to a "buy" rating and set a $6.60 price target on the stock in a research report on Monday, April 14th. Canaccord Genuity Group raised Peloton Interactive from a "hold" rating to a "buy" rating and set a $10.00 price objective for the company in a report on Friday, March 14th. JMP Securities restated a "market perform" rating on shares of Peloton Interactive in a report on Monday, April 14th. Finally, Telsey Advisory Group cut their target price on Peloton Interactive from $9.00 to $8.00 and set a "market perform" rating on the stock in a research report on Friday, May 9th. Thirteen research analysts have rated the stock with a hold rating and seven have given a buy rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average target price of $8.30.

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.