Fox Run Management L.L.C. Invests $382,000 in Peloton Interactive, Inc. $PTON

Key Points

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Fox Run Management L.L.C. acquired a new position in shares of Peloton Interactive, Inc. (NASDAQ:PTON - Free Report) during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 60,513 shares of the company's stock, valued at approximately $382,000.

Several other institutional investors also recently modified their holdings of PTON. Townsquare Capital LLC grew its stake in Peloton Interactive by 6.5% in the 4th quarter. Townsquare Capital LLC now owns 19,280 shares of the company's stock valued at $168,000 after buying an additional 1,172 shares during the last quarter. Comerica Bank grew its stake 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 buying an additional 1,389 shares during the last quarter. Cetera Investment Advisers grew its stake in Peloton Interactive by 9.1% in the 4th quarter. Cetera Investment Advisers now owns 17,144 shares of the company's stock valued at $149,000 after buying an additional 1,432 shares during the last quarter. Federated Hermes Inc. grew its stake in Peloton Interactive by 0.3% in the 1st quarter. Federated Hermes Inc. now owns 533,820 shares of the company's stock valued at $3,374,000 after buying an additional 1,643 shares during the last quarter. Finally, Victory Capital Management Inc. grew its stake in Peloton Interactive by 4.4% in the 1st quarter. Victory Capital Management Inc. now owns 43,944 shares of the company's stock valued at $278,000 after buying an additional 1,860 shares during the last quarter. 77.01% of the stock is currently owned by institutional investors and hedge funds.

Peloton Interactive Trading Down 0.8%

Shares of Peloton Interactive stock opened at $8.45 on Tuesday. The company has a 50 day moving average of $6.89 and a 200-day moving average of $6.90. The company has a market cap of $3.45 billion, a PE ratio of -27.26 and a beta of 2.08. Peloton Interactive, Inc. has a 1-year low of $3.14 and a 1-year high of $10.90.

Peloton Interactive (NASDAQ:PTON - Get Free Report) last released its quarterly earnings data on Thursday, August 7th. The company reported $0.05 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($0.07) by $0.12. The company had revenue of $606.90 million for the quarter, compared to analyst estimates of $580.29 million. Peloton Interactive's revenue for the quarter was down 5.8% compared to the same quarter last year. During the same quarter in the prior year, the company earned ($0.08) earnings per share. Research analysts forecast that Peloton Interactive, Inc. will post -0.36 earnings per share for the current year.

Insider Buying and Selling

In related news, COO Charles Peter Kirol sold 20,633 shares of the company's stock in a transaction that occurred on Wednesday, July 16th. The shares were sold at an average price of $6.39, for a total transaction of $131,844.87. Following the completion of the transaction, the chief operating officer directly owned 35,877 shares in the company, valued at $229,254.03. This represents a 36.51% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Nick V. Caldwell sold 63,925 shares of the company's stock in a transaction that occurred on Monday, June 16th. The stock was sold at an average price of $6.99, for a total transaction of $446,835.75. Following the transaction, the insider owned 578,668 shares of the company's stock, 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. Insiders sold a total of 153,556 shares of company stock worth $1,090,408 in the last three months. 1.34% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of brokerages recently commented on PTON. Needham & Company LLC reiterated a "hold" rating on shares of Peloton Interactive in a research note on Thursday, August 7th. The Goldman Sachs Group upgraded shares of Peloton Interactive from a "neutral" rating to a "buy" rating and upped their price target for the company from $7.00 to $11.50 in a research note on Friday, August 8th. Telsey Advisory Group reiterated a "market perform" rating and issued a $8.00 price target on shares of Peloton Interactive in a research note on Thursday, August 7th. UBS Group upgraded shares of Peloton Interactive from a "neutral" rating to a "buy" rating and increased their target price for the stock from $7.50 to $11.00 in a research report on Wednesday, July 30th. Finally, Morgan Stanley increased their target price on shares of Peloton Interactive from $4.00 to $5.75 and gave the stock an "equal weight" rating in a research report on Monday, August 4th. Ten investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company's stock. Based on data from MarketBeat.com, Peloton Interactive has an average rating of "Hold" and a consensus target price of $8.79.

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.

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