Diversified Trust Co Makes New $391,000 Investment in Peloton Interactive, Inc. (NASDAQ:PTON)

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

A number of other institutional investors also recently modified their holdings of the business. Russell Investments Group Ltd. boosted its stake in Peloton Interactive by 969.6% in the fourth quarter. Russell Investments Group Ltd. now owns 4,011 shares of the company's stock valued at $35,000 after buying an additional 3,636 shares in the last quarter. FNY Investment Advisers LLC acquired a new stake in shares of Peloton Interactive in the 1st quarter valued at approximately $37,000. GAMMA Investing LLC boosted 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 in the last quarter. Comerica Bank grew its holdings in shares of Peloton Interactive by 29.1% during 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. Finally, Merit Financial Group LLC acquired a new position in Peloton Interactive during the 1st quarter worth approximately $67,000. Institutional investors and hedge funds own 77.01% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on PTON. Morgan Stanley decreased their target price on shares of Peloton Interactive from $5.75 to $4.00 and set an "equal weight" rating on the stock in a research note on Thursday, April 17th. Telsey Advisory Group reduced their price objective 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. Canaccord Genuity Group upgraded Peloton Interactive from a "hold" rating to a "buy" rating and set a $10.00 target price for the company in a research report on Friday, March 14th. Deutsche Bank Aktiengesellschaft upgraded Peloton Interactive from a "hold" rating to a "buy" rating and set a $6.60 price target on the stock in a report on Monday, April 14th. Finally, The Goldman Sachs Group dropped their price objective on shares of Peloton Interactive from $10.00 to $7.00 and set a "neutral" rating for the company in a report on Friday, May 9th. Thirteen equities 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.com, the stock currently has an average rating of "Hold" and a consensus price target of $8.30.

Insider Activity at Peloton Interactive

In other news, insider Dion C. Sanders sold 122,036 shares of the company'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 $762,725.00. Following 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 ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Elizabeth F. Coddington sold 38,708 shares of the company's stock in a transaction that occurred on Monday, June 16th. The stock was sold at an average price of $6.96, for a total value of $269,407.68. Following the transaction, the chief financial officer directly owned 294,342 shares in the company, valued at approximately $2,048,620.32. This trade represents a 11.62% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 555,952 shares of company stock valued at $3,556,914. Company insiders own 1.34% of the company's stock.

Peloton Interactive Price Performance

Shares of Peloton Interactive stock traded down $0.34 on Tuesday, hitting $6.60. 10,617,942 shares of the company's stock traded hands, compared to its average volume of 14,592,243. The company has a market capitalization of $2.57 billion, a price-to-earnings ratio of -15.00 and a beta of 2.16. The company has a fifty day moving average of $6.78 and a two-hundred day moving average of $7.37. 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 announced 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 firm had revenue of $624.00 million for the quarter, compared to the consensus estimate of $620.39 million. The firm's revenue for the quarter was down 13.1% on a year-over-year basis. During the same period last year, the business posted ($0.45) earnings per share. Equities research 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.