154,889 Shares in Peloton Interactive, Inc. (NASDAQ:PTON) Acquired by Edgestream Partners L.P.

Edgestream Partners L.P. acquired a new position in shares of Peloton Interactive, Inc. (NASDAQ:PTON - Free Report) during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 154,889 shares of the company's stock, valued at approximately $979,000.

Several other institutional investors and hedge funds also recently modified their holdings of the business. Townsquare Capital LLC lifted its holdings in shares of Peloton Interactive by 6.5% in the fourth quarter. Townsquare Capital LLC now owns 19,280 shares of the company's stock valued at $168,000 after purchasing an additional 1,172 shares in the last quarter. Comerica Bank raised its holdings in Peloton Interactive by 29.1% in the 4th quarter. Comerica Bank now owns 6,164 shares of the company's stock valued at $54,000 after acquiring an additional 1,389 shares during the last quarter. Cetera Investment Advisers lifted its stake in shares of Peloton Interactive by 9.1% during the 4th quarter. Cetera Investment Advisers now owns 17,144 shares of the company's stock worth $149,000 after purchasing an additional 1,432 shares during the period. Victory Capital Management Inc. lifted its stake in shares of Peloton Interactive by 3.8% during the 4th quarter. Victory Capital Management Inc. now owns 42,084 shares of the company's stock worth $366,000 after purchasing an additional 1,534 shares during the period. Finally, Nisa Investment Advisors LLC lifted its stake 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. Hedge funds and other institutional investors own 77.01% of the company's stock.

Analyst Ratings Changes

A number of brokerages have weighed in on PTON. Macquarie raised Peloton Interactive from a "neutral" rating to an "outperform" rating and increased their price target for the stock from $9.00 to $10.00 in a research note on Tuesday, May 13th. The Goldman Sachs Group cut their price target on shares of Peloton Interactive from $10.00 to $7.00 and set a "neutral" rating on the stock in a research note on Friday, May 9th. Needham & Company LLC reissued a "hold" rating on shares of Peloton Interactive in a research report on Friday, May 9th. Deutsche Bank Aktiengesellschaft raised shares of Peloton Interactive from a "hold" rating to a "buy" rating and set a $6.60 price objective for the company in a research report on Monday, April 14th. Finally, Bank of America dropped their price objective on shares of Peloton Interactive from $11.50 to $9.50 and set a "buy" rating for the company in a research report on Tuesday, April 15th. Twelve research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus price target of $8.30.

Peloton Interactive Trading Up 0.2%

PTON stock traded up $0.01 during mid-day trading on Friday, hitting $6.29. 7,575,777 shares of the company were exchanged, compared to its average volume of 15,349,650. The firm has a fifty day simple moving average of $6.76 and a 200 day simple moving average of $7.09. Peloton Interactive, Inc. has a twelve month low of $2.83 and a twelve month high of $10.90. The company has a market capitalization of $2.45 billion, a PE ratio of -14.30 and a beta of 2.11.

Peloton Interactive (NASDAQ:PTON - Get Free Report) last posted its quarterly earnings results on Thursday, May 8th. The company reported ($0.12) earnings per share (EPS) for the quarter, missing analysts' consensus estimates 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. During the same quarter in the prior year, the firm posted ($0.45) EPS. The business's revenue was down 13.1% on a year-over-year basis. As a group, sell-side analysts anticipate that Peloton Interactive, Inc. will post -0.36 earnings per share for the current year.

Insider Buying and Selling

In related news, insider Dion C. Sanders sold 122,036 shares of Peloton Interactive stock in a transaction dated Friday, May 16th. The shares were sold at an average price of $6.25, for a total value of $762,725.00. Following the sale, the insider directly owned 114,318 shares in the company, valued at $714,487.50. This trade represents a 51.63% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Nick V. Caldwell sold 63,925 shares of Peloton Interactive stock in a transaction dated Monday, June 16th. The shares were sold at an average price of $6.99, for a total transaction of $446,835.75. Following the completion of the sale, the insider owned 578,668 shares in the company, valued at approximately $4,044,889.32. This represents a 9.95% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 576,585 shares of company stock worth $3,688,758. Company insiders own 1.34% of the company's stock.

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.